Considering a move to a different prop firm for better liquidity access, but past KYB processes have been painfully slow. Anyone have recent positive experiences with quick onboarding, say less than a week, without excessive back-and-forth on documentation for corporate accounts?
I've heard some of the newer firms are leveraging better tech for KYB, which could speed things up, but I'm curious if anyone has actually seen that translate to a corporate account being live in under a week. That seems ambitious for any regulated entity.
That's a great question, I've had similar issues with KYB taking forever. Are there specific firms known for being faster, or is it more about having all the documentation perfectly prepped beforehand?
Most firms will say their process is fast, but it often depends on the complexity of your corporate structure and the quality of documents you provide. Had a similar issue last year and it still took closer to two weeks, even with everything in order.
Less than a week for a corporate account? That's almost as mythical as the unicorn that audits my tax returns. Good luck, and may your documentation be perfectly aligned with their specific, ever-changing requirements.
This is a great question. I'm also curious about prop firms that are quick with KYB. My last experience felt like it took forever, and I'm wondering if there are any specific firms known for being more efficient for corporate accounts.