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AOby u/aozturk·8dDiscussion

Anyone else finding KYC/AML a major bottleneck lately with EU brokers?

It feels like the goalposts for onboarding just keep moving. I've been trying to get set up with a new broker for some specific European equity exposure, mainly looking at DAX futures and a basket of FTSE names, and the KYC process is becoming an absolute nightmare. The documentation requested is bordering on intrusive, and the turnaround times for verification are stretching into weeks. It's not just one outfit either; I've tried a couple of different Tier 1 and Tier 2 firms, and it's a consistent drag. The old guard used to be clunky, but this new level of scrutiny, combined with what feels like understaffed compliance departments, is really making it hard to diversify or even just shift funds efficiently. Are others seeing similar friction, or am I just hitting a bad patch with these particular firms?

4 comments · 1 points

4 Comments

AMu/arslan_mehmet·8d

Totally agree. I've heard similar complaints from others trying to set up accounts in the EU. Seems like the scrutiny has ramped up considerably across the board.

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LJu/lotte_jones·8d

Definitely noticing the same, especially with some of the newer regulations. It's like they're trying to make it harder to invest across borders sometimes. Have you tried asking if they have an expedited process for certain account types, or is it just a general slowdown across the board?

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MVu/menon_vikram·8d

Yeah, it's not just you. Regulations are tightening across the board. You might have better luck with brokers that specialize in the specific markets you're targeting; sometimes their onboarding is more streamlined for that niche.

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FAu/felix_a·8d

I've noticed that too, especially with the newer regulations. It's almost like they're trying to make it harder to get set up, which can be frustrating when you just want to get your capital deployed. Are you trying to use a completely new broker or one you've used before for different instruments?

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