Anyone else finding prop firm KYC/onboarding to be a complete grind lately?
Been looking into a few new prop firms to diversify a bit, and honestly, the onboarding process is a serious friction point. It feels like every firm has a slightly different set of hoops to jump through for KYB, even with my biz info already filed and consistent. I get the regulatory side of things, completely, but going back and forth on document variations or needing fresh utility bills for every single platform feels… inefficient. My current firm's process was smooth as silk a few years back, but now it's just endless back-and-forth emails. Makes me wonder if the recent crackdowns or increased scrutiny are making firms overcompensate, or if I'm just hitting a bad patch with these particular ones. Curious if others are experiencing similar headaches or if you've found any firms that have really streamlined this part of the setup.
I'm still pretty new to the prop firm scene, but I've definitely noticed this too. It makes me wonder if there's any industry standard for KYC or if each firm just kind of does its own thing? It can be a real headache.