Anyone else finding the Know Your Business (KYB) process with some prop firms to be excessively drawn out, impacting the initial payout significantly? Trying to gauge if this is the norm or if I've just hit a few slow ones.
It really varies, but in my experience, the KYC/KYB process has generally become more thorough across the board, not just with prop firms. Some are definitely faster than others, but significant delays often stem from missing or incorrectly submitted documentation on the applicant's side, rather than the firm itself.
I've definitely noticed some variation too. Are there any particular firms you've had good or bad experiences with regarding KYB? Just trying to get a sense of which ones might be quicker.
It really varies a lot, some firms are super quick with KYB and payouts, others take their sweet time. I've noticed the newer or smaller ones can sometimes be slower as they're still refining their processes, but it's not a universal rule.