Onboarding friction with prop firms and KYB requirements
Anyone else finding the Know Your Business (KYB) process with some of these prop firms to be an absolute slog lately? I've been trying to get set up with a couple of different outfits to scale some strategies, and the document verification, particularly for entities versus individuals, feels incredibly inconsistent and time-consuming. It's almost like each firm has its own unique interpretation of what's sufficient, leading to multiple back-and-forths. This isn't just about speed; it ties up capital and mental energy that could be better spent elsewhere.
I'm curious if others have experienced similar frustrations, and if anyone's found particular firms or even general approaches that make this process smoother. It feels like a significant bottleneck in getting legitimate operations off the ground, especially when you're dealing with multiple platforms.