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Anyone else finding KYC/onboarding a complete circus lately?
Starting to wonder if some of these newer prop firms intentionally make their KYC process opaque just to weed out the less persistent. Seriously, requesting proof of address via carrier pigeon and then complaining about the smudges. It's become a major drag trying to get new capital allocated, especially with some of the more niche European equity providers. Are we just collectively accepting this as the new normal, or is there a way to politely suggest they're making it harder than it needs to be?
1 comments · 14 points
It's certainly felt more cumbersome lately. I wonder if it's less about weeding out and more about the increased regulatory scrutiny they're under, leading to a much more rigorous, albeit frustrating, process.