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Anyone else finding prop firm KYB processes a massive headache lately?
Been looking at a few different prop firms recently, trying to diversify a bit, and honestly, the onboarding and Know Your Business (KYB) processes feel like they've become significantly more arduous. It's not just the usual docs; some are asking for an insane level of detail on funding sources, operational structure, even down to proof of concept for trading strategies. I get the need for compliance, especially with the increased regulatory scrutiny, but it's starting to feel like a real barrier to entry. Anyone else experienced this or have any tips for streamlining the process without compromising the integrity of your application? It's burning through a lot of time just to get through the initial hurdles.
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