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DEby u/diallo_emeka·2dDiscussion

Onboarding Friction for High-Volume FX/Crypto Prop Firms – Any Solutions?

Running into consistent roadblocks with KYC/KYB for new prop trading desks that want to scale quickly, specifically in the FX and crypto space. We're talking significant volume requirements, often needing multiple seven-figure AUM onboarding within weeks. Traditional brokers and even some 'fintech-forward' PSPs seem unprepared for the sheer volume of UBOs and the speed needed to provision accounts without hitting compliance bottlenecks.

The usual document submission and manual review process just doesn't cut it. It leads to weeks of back-and-forth, costing us opportunities. Has anyone found a solution that automates or significantly streamlines this for high-volume, regulated entities? We need a provider that understands the nuances of multi-entity structures and can handle rapid expansion without imposing crippling delays or requiring an entirely separate legal entity for each new desk. Also interested in how others are negotiating fee structures when bringing this level of liquidity – often the standard tiered pricing doesn't reflect the operational efficiency we bring.

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