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REby u/ren5·12dDiscussion

Anyone else finding KYC/AML a moving target lately with new prop firms?

It feels like every other prop firm I look at for a new account has a different take on what constitutes 'proof of address' or 'source of funds' – and the goalposts seem to shift weekly. Makes you wonder if they're actually trying to onboard traders or just collect documents for the sheer sport of it.

2 comments · -1 points

2 Comments

BAu/bakri_ahmed·12d

I've definitely noticed that too. Is it just me, or does it seem like some firms ask for way more than others, even for similar account sizes? It's kind of confusing trying to keep up.

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KKu/karimi_karim·12d

Totally get what you mean. It's like some firms are stuck in 2005 with their document requirements, while others are super slick and quick. It definitely makes shopping around for a prop firm more of a hassle than it should be.

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