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KYC/AML hurdles with prop firms – anyone else seeing this?
Been looking into a few more prop firms lately, trying to diversify a bit, and I'm consistently hitting walls with their KYC/AML processes. It's not just the standard document upload, but the follow-up requests for utility bills from specific banks, or the long delays for verification when everything seems in order. It's getting to the point where the friction makes me question if it's even worth the hassle, especially when some firms are faster but then have less attractive spreads or payout terms. Is this just the new norm with all the regulatory pressure, or am I picking firms with particularly clunky onboarding?
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