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VMby u/varga_maja·46mQuestion

Onboarding Friction for UK/EU Prop Firms – Anyone Else Seeing It Worsen?

Been trading for years, primarily equities and FX. Lately, I've been exploring a few prop firms here in the UK and Ireland to scale up some strategies, particularly around $DAX and $FTSE futures. What I'm finding is the onboarding and KYB process seems to have become increasingly painful. Multiple layers of document verification, often taking days, sometimes weeks, even for established traders with clear financials. It's not just the initial hurdle; funding and withdrawals, even smaller amounts, are often held up for 'further review' despite having passed initial checks.

Is this a widespread issue across the board for prop firms, or am I just hitting a string of bad luck with particular entities? I understand the regulatory environment has tightened, but the level of friction feels disproportionate at times, significantly delaying capital deployment. Curious if others are experiencing similar bottlenecks, or if there are specific regions/firms that manage this more efficiently.

1 comments · 40 points

1 Comments

LWu/lwalsh·27m

Yeah, it's not just you. I've noticed a significant slowdown and increased scrutiny on the KYB side recently too, even with firms I've dealt with before. Wonder if it's new regulations kicking in or just more cautious practices post-COVID.

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