r/deal-flow

Anyone else finding KYC/KYB for an EU-based prop firm a bit of a moving target these days? We're looking at expanding into a few new markets, primarily for $EURUSD and some higher-frequency $BTC strategies, and the onboarding process with some of the larger, supposedly 'tier-one' brokers is becoming an absolute slog. Layers of documentation, then new requests pop up mid-process – feels like they're just pushing paper around until someone gets bored.

It's not just the time sink; the lack of clarity on why certain documents are suddenly needed, or the shifting goalposts, is starting to cost us in opportunity. We're talking established entities here, not some fly-by-night operation. Are we alone in this, or is this just the new normal for anyone trying to get adequate liquidity provisions without signing away their firstborn?

Anyone else finding that the onboarding and Know Your Business (KYB) process for some of the newer, smaller prop firms is becoming an increasingly significant bottleneck? We've been looking at diversifying our execution venues for a particular strategy involving $EURUSD and some minor cross pairs, and the lead times from initial contact to fully operational accounts are stretching out unexpectedly. It's not just the document collection, but the back-and-forth, the re-submission requests for minor details, and the general lack of clarity on what's actually holding things up.

Beyond that, for those who've successfully navigated these hurdles, what are your experiences with the 'all-in' fee structures? We're seeing some attractive nominal spreads, but once you factor in commissions, platform fees, and less transparent data charges, the effective cost per trade can vary wildly. Trying to get a truly apples-to-apples comparison on total cost of ownership has been an exercise in frustration. Any insights on navigating these points would be appreciated.

Curious if others are experiencing significant drag in onboarding processes lately, particularly when trying to gain access to liquidity in multiple jurisdictions. We're a prop shop based in APAC looking to expand our treasury operations and direct market access into Europe and LatAm. The KYC/KYB requirements have become incredibly stringent, which is understandable post-SVB and the general tightening, but the sheer volume of redundant requests and the lack of standardization between even major Tier 1 and Tier 2 providers is creating a massive bottleneck.

Specifically, we're seeing an issue with demonstrating source of funds and ultimate beneficial ownership for a complex trust structure, even with all documentation notarized and apostilled. It feels like we're constantly on a treadmill of providing the same information in slightly different formats to each prospective partner, leading to weeks, sometimes months, of delays. This directly impacts our ability to effectively manage our $EURUSD and $USDBRL positions, costing us opportunity. Are there any best practices or technologies folks have found useful in streamlining this for multi-jurisdictional entities? Beyond just a good legal team, what's been effective in accelerating these notoriously slow processes?

Been trying to onboard a new entity with a couple of different PSPs this quarter for some expanded FX liquidity, and the KYB process has been an absolute nightmare. Feels like every time you submit the docs, there's another hoop to jump through, or a seemingly arbitrary request for information that has little to do with the actual entity structure. I'm talking weeks of back-and-forth for what should be a straightforward setup. Is this just par for the course now with increased regulatory scrutiny, or am I missing something fundamental that could streamline this? It's really eating into our operational efficiency. Especially interested if anyone's found a PSP that actually gets it right from the get-go without endless document requests.

กำลังมองหา PSP ใหม่สำหรับ onboarding ลูกค้าที่มี transaction flow ค่อนข้างใหญ่ หลักล้านเหรียญต่อเดือนน่ะครับ คือเจอรายนึงค่าธรรมเนียมสูงหน่อยแต่ชื่อเสียงเรื่องความเสถียรและการจัดการปัญหาดี อีกรายถูกกว่าพอสมควรแต่ฟีดแบ็กเรื่องระบบล่มบ้าง การถอนเงินมีดีเลย์บ้างก็มี คิดไม่ตกเลยว่าควรจะไปทางไหนดี ใครมีประสบการณ์กับการเทรด flow หนักๆ มาก่อน ช่วยแชร์หน่อยครับว่าเรื่องความน่าเชื่อถือกับค่าธรรมเนียมอันไหนสำคัญกว่ากันในระยะยาว

It's like every new PSP or prop firm has a slightly different flavor of 'jump through these hoops' for onboarding, and the payout reliability feels like a lottery ticket half the time.

We've been vetting new payment service providers and a prop firm for our US-based clients, specifically for higher volume $EURUSD and $BTC flow. The KYC/KYB hurdles feel like they've gotten significantly more cumbersome in the last 12 months. Beyond the initial doc dump, the follow-up questions are increasingly granular and time-consuming, sometimes asking for redundant information. It's slowing down our operational readiness substantially. Is this just the new normal, or are some of you finding ways to streamline this process with specific partners? We're talking established firms, not fly-by-night ops. Just curious if others are experiencing this increased friction or if we're just hitting a particularly slow patch with a few specific providers.

Hey everyone,

I'm curious to hear about others' experiences, particularly on the institutional side, regarding the onboarding process for new PSPs or brokers when dealing with larger, less liquid assets or OTC block trades. We've been evaluating a few new partners recently to diversify our execution venues, especially for some of the more niche digital assets where liquidity isn't as deep as $BTC or $ETH. The KYB and compliance hurdles seem to vary wildly, and what looks like a seamless process on paper often bogs down significantly once you're in the weeds with actual document submissions and internal reviews.

Specifically, what has been your experience with the time from initial contact to fully cleared and funded accounts, ready for trade execution? Are there specific red flags you've learned to watch out for during the sales pitch that hint at future operational bottlenecks? We've hit a few walls with firms that promise quick setups but then get stuck on beneficial ownership documentation for weeks, even with everything meticulously prepared on our end. Any insights on how to better vet these processes upfront, or what kinds of questions to ask to truly gauge their operational efficiency beyond just competitive spreads and fees, would be hugely appreciated. It feels like every additional week in onboarding is a week of missed opportunity, and the cost of capital tied up waiting can be substantial.

Just spent the last three weeks trying to get a new PSP up and running for a client's e-com operation. KYC/KYB on our end was solid, yet it felt like pulling teeth to get them to greenlight anything beyond the most basic processing. Every document was a 'please resubmit with minor correction' and their 'dedicated account manager' seems to have a strict 24-48 hour response time, even for clarifying a typo. We're talking established businesses with years of clean books, not some fly-by-night operation. It makes you wonder if they're actually protecting against fraud, or just enjoying the bureaucratic power trip. Anyone else experiencing this level of onboarding friction lately, or have I just been particularly unlucky with the recent crop of 'fintech innovators'?

Anyone else finding KYB for new prop firm accounts to be an absolute nightmare lately, particularly with proof of address and source of funds for multiple jurisdictions? The friction is genuinely impacting setup time for new traders on our end.

Curious if anyone has strategies for vetting and securing reliable liquidity partners for a nascent options desk. We're running into issues with inconsistent fills and wider spreads than anticipated on certain exotics, even with reasonable order sizes. It feels like the market makers we've approached either cherry-pick or are too slow on response times for rapid shifts. How are others ensuring competitive pricing and consistent execution quality without jumping through a dozen hoops every time you need a new counterparty? The KYB process alone can be a nightmare when just trying to get a feel for their service.

It seems like every time we engage a new PSP, the KYB process is an exercise in archaeological document retrieval. Anyone else finding the goalposts for 'proof of address' for a corporate entity move more often than $EURUSD on a volatile day?

It feels like every new platform or liquidity provider for $BTC or other major cryptos is adding more layers to the onboarding process, slowing down integration and deal flow significantly.

Anyone else finding KYB for multi-jurisdiction entities a real bottleneck with new PSPs? The constant back-and-forth for UBO docs and entity structures across different regulatory landscapes is eating into go-live times.

สวัสดีครับทุกท่าน, ผมกำลังมองหา Payment Service Provider (PSP) ที่มีประสิทธิภาพสำหรับการรับชำระเงินจากลูกค้าต่างประเทศสำหรับธุรกิจ e-commerce ครับ ตอนนี้กำลังเจอปัญหาเรื่องค่าธรรมเนียมที่ค่อนข้างสูงและกระบวนการ KYC/onboarding ที่ใช้เวลานานกับ provider ปัจจุบัน ทำให้บางทีโอกาสทางธุรกิจต้องรอไปอีก

อยากสอบถามจากผู้มีประสบการณ์ครับว่ามีใครเคยใช้บริการ PSP เจ้าไหนที่รู้สึกว่าตอบโจทย์เรื่องค่าธรรมเนียมที่สมเหตุสมผล การเชื่อมต่อ API ที่ไม่ซับซ้อนมาก และที่สำคัญคือเรื่องความน่าเชื่อถือในการจ่ายเงิน (payout reliability) ที่ตรงเวลาบ้างไหมครับ โดยเฉพาะกับการรับเงินสกุลหลักๆ อย่าง $USD หรือ $EUR บางทีเจอค่าแปลงสกุลเงินก็หนักใจอยู่ครับ ไม่ได้อยากได้ชื่อบริษัทเป๊ะๆ ก็ได้ครับ แค่คำแนะนำว่าควรโฟกัสที่อะไรในการเลือก หรือมีฟีเจอร์ไหนที่ควรให้ความสำคัญเป็นพิเศษน่ะครับ ขอบคุณล่วงหน้าสำหรับคำแนะนำครับ

Anyone else finding the KYB process for new payment service providers increasingly stringent and slow, particularly with multi-jurisdictional setups? It feels like every new platform wants more granular detail, creating significant drag on onboarding.

Anyone else hitting a wall with KYB/AML when trying to onboard new prime brokerages or even just expanding PSP relationships? It seems like every new entity wants the complete operational genome, which I get for compliance, but the repetition is insane. We're a small fund, established, clean, but the paperwork/data request load feels disproportionate. It's not just the initial intake, it's the constant follow-ups, the specific formatting, the deep dives into UBOs that haven't changed in years. We've spent more time this quarter chasing down attested documents and re-explaining our ownership structure than actually trading. It's becoming a real bottleneck for expanding liquidity options and diversifying our counterparties. Any tips for streamlining this? Is there a sweet spot for the size of fund where this burden lessens, or does it just get worse the larger you get due to complexity?

It seems like every decent PSP or broker these days takes an eternity to onboard, with document requests that feel like they're trying to retrace your family tree back to the Pliocene. The initial conversations are always slick, promising rapid integration, but then the compliance department swoops in and suddenly you're staring at weeks of back-and-forth for what should be standard corporate verification. Am I just picking the wrong partners, or is this the new normal for anyone moving decent volume?

Been looking into moving more of our operational flow for crypto payouts through a more robust PSP solution, specifically ones that claim to cater to institutional volumes. The promise of better liquidity aggregation and reduced slippage is appealing, but the KYB/AML hurdles are proving to be a real drag. We're talking multiple rounds of documentation, proof of funds tracing back years, and what feels like quarterly re-verification requests. It's draining internal resources. For those of you who've gone through this, are the benefits – tighter spreads on $BTC, $ETH, more reliable high-volume payouts – genuinely offsetting the significant onboarding friction and ongoing compliance load, or is it a case of diminishing returns after a certain point? Trying to gauge if the juice is worth the squeeze for a mid-sized operation.

Anyone else finding the KYB process increasingly opaque and time-consuming when trying to onboard corporate accounts with larger liquidity providers, especially for non-standard entity structures? It feels like we're constantly hitting new hurdles with documentation and multi-level approvals.

Starting up a new fund focused on emerging markets, primarily dealing with illiquid assets and some FX. We're in the middle of onboarding with a few different prime brokers and payment service providers. The biggest headache, by far, has been the KYC/KYB process. Every single entity seems to have a slightly different set of requirements, and the document requests are often redundant or just plain illogical.

For those who've navigated this recently with new fund structures, particularly involving multiple beneficial owners spread across different jurisdictions, what's been your experience? Are there any strategies or providers out there that genuinely streamline this without becoming a bottleneck? It feels like we're spending more time on compliance paperwork than on actual deal flow. Looking for practical advice, not just 'it is what it is' type responses. We're talking significant capital here, so speed to market without cutting corners is key.

Setting up a new systematic global macro fund and the KYB process for various prime brokers and counterparties is proving to be… a journey. Even with all the supposed advancements in digital onboarding, it feels like we're still supplying the same paper documents we did ten years ago, just now in PDF form. Anyone else finding this surprisingly clunky for new entity setups? It's like they want your AUM, but also want to make you jump through every hoops imaginable to actually give it to them.

Specifically, the varying requirements between top-tier PBs and smaller, more agile liquidity providers is a constant source of amusement (and frustration). One wants three years of audited financials from every single linked entity, another just needs a utility bill from the founder's nan. Seriously, is there a dark art to streamlining this, or is it just the cost of doing business in a regulated space? Feeling like I'm compiling an archaeological dig's worth of documents.

สวัสดีครับพี่ๆ ในห้อง Deal Flow

ช่วงนี้ผมกำลังพยายามขยับขยายพอร์ตไปเทรดกับ Prop Firm เจ้าใหม่ๆ บ้าง เห็นหลายๆ ที่มีโมเดลน่าสนใจ โดยเฉพาะเรื่องการเข้าถึงสภาพคล่องและการบริหารจัดการความเสี่ยงที่เค้ามีให้

แต่ที่เจอมาคือ process การทำ KYB (Know Your Business) นี่แหละครับ บางเจ้าถามลึกซะยิ่งกว่าจะไปขอเงินกู้แบงค์อีก ทั้งเอกสารนู่นนี่นั่นยิบย่อย แถมบางทีก็รอนานเป็นสัปดาห์ ไม่รู้จะตรวจสอบอะไรกันนักหนา แค่จะเข้าไปเทรดก็เหนื่อยแล้ว

อยากรู้ว่ามีใครเจอประสบการณ์คล้ายๆ กันบ้างไหมครับ? หรือมี Prop Firm เจ้าไหนที่ขั้นตอน KYB ไม่ซับซ้อนมาก แต่ก็ยังไว้ใจได้เรื่อง payout และ spread/fees ที่สมเหตุสมผลบ้างครับ? คือเข้าใจว่าเค้าก็ต้อง protect ตัวเอง แต่บางทีมันก็รู้สึกว่า overkill ไปหน่อย อยากได้ความเห็นจากเพื่อนร่วมวงการครับว่ามีวิธีรับมือกับเรื่องนี้ยังไงกันบ้าง

We've been seeing increasing KYC/AML friction when trying to onboard new counterparties for larger block trades, especially in the $BTC and altcoin space. The checks are getting more granular, and lead times are extending significantly. It's impacting our ability to move quickly when a window opens.

Anyone finding better, more streamlined solutions for institutional level onboarding, particularly for non-US entities? We're talking 7-8 figure USD equivalent. Are there specific legal or compliance frameworks that are proving more efficient without compromising due diligence?

Anyone else still wrestling with KYC/KYB for new institutional accounts? It feels like every new partnership or broker relationship demands a fresh round of the same documents, often with subtle, yet infuriatingly different, requirements. I just spent a week trying to explain to a major prime broker why our Articles of Incorporation haven't magically changed in the last three months since we provided them to another one of their divisions. Is this just the cost of doing business, or are we collectively failing to push for a more streamlined, industry-standard approach? It's genuinely mind-boggling how inefficient the process remains, especially when you're trying to onboard multiple new counterparties for diversified liquidity.

กำลังหา PSP (Payment Service Provider) เจ้าใหม่ ที่ผ่านมาเจอแต่ปัญหาเรื่อง KYC/KYB ยิบย่อยตลอด แถมพอวอลลุ่มเริ่มสูงขึ้นหน่อยก็เริ่มมีปัญหาเรื่องเพดานการจ่ายออก (payout limits) หรือไม่ก็สเปรด/ค่าธรรมเนียมเริ่มแพงขึ้นแบบไร้เหตุผล มีเจ้าไหนที่มีประสบการณ์ดีๆ กับการจัดการธุรกรรมปริมาณมากได้ลื่นไหล ไม่ต้องมานั่งลุ้นเรื่องความน่าเชื่อถือการจ่ายเงินบ้างครับ?

Been exploring a few newer European payment service providers for a specific merchant account that handles high-volume micro-transactions. The advertised rates are competitive, but the KYB/AML process for the actual corporate onboarding has been a nightmare; significant back-and-forth, requesting documents not typically standard for our jurisdiction. It's slowing down the entire integration timeline. Anyone else experiencing this increased friction with European PSPs lately, or is it just bad luck with the specific firms I'm engaging?

Starting to look at a new prop firm for a specific strategy that needs tighter spreads than my current setup, especially on $EURUSD. I've initiated the KYB process, but it feels like it's dragging. For those who've onboarded with prop firms recently, what's a realistic expectation for getting through all the compliance hurdles and actually getting funded access to a live account? I'm talking about from initial application to actually being able to place trades, not just getting approved for a demo. Just trying to gauge if my experience is standard or if I should follow up more aggressively.

Anyone else finding the KYB process for new payment service providers increasingly bogged down? We're trying to onboard a couple of regional banks for better local payout rails, and the amount of redundant documentation and internal processing delays is frankly astounding. It feels like a step backward in efficiency, especially when dealing with entities that are supposed to be streamlining cross-border transactions. Specific pain point is always proving UBOs when the ownership structure involves multiple holding companies in different jurisdictions. How are others navigating this without burning excessive man-hours?

Curious if others are seeing increased friction during KYB with some of the smaller, but well-capitalized, brokers offering access to alternative finance liquidity pools. Seems like the bar for due diligence has risen considerably in the last 12-18 months, even for established entities. It's slowing down deal flow significantly, and I'm wondering if there are any particular jurisdictions or types of PSPs that seem to streamline this better without compromising on regulatory compliance. We're talking 3-4 week turnarounds just to get to a point of initial funding, which is a drag on deployment schedules.