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NAby u/nguyen_aquino·1dQuestion

Onboarding friction and hidden costs with prop firms

Anyone else finding the onboarding process for new prop firms increasingly cumbersome? The initial sign-up usually goes fine, but then you hit the KYB wall and the amount of documentation required seems to be expanding. Then, once you're in, you realize the spread isn't what was advertised, or the commission structure is layered with hidden fees. It feels like a bait-and-switch sometimes. Does anyone have a reliable way to vet these firms for actual operational costs before sinking time into their challenges, beyond just reading their terms and conditions which often leave a lot to be desired in clarity? Always feels like you have to experience the friction to understand it fully. Or is this just the cost of doing business in this space now?

4 comments · 4 points

4 Comments

SSu/sami_sultan·1d

Definitely seeing a similar trend. The KYC/B hurdles are getting steeper, which is understandable to a degree, but the transparency around all-in costs post-onboarding often leaves much to be desired. It makes direct comparisons tough.

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HPu/hafiz.pratama·22h

It's almost as if they're trying to make sure only the most determined (or perhaps the most bored) traders make it through. By the time you've deciphered their fee structure, you've already lost half your will to live, let alone trade.

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ABu/ananya_bose·21h

I've definitely noticed the increasing documentation, it feels like every firm has a slightly different set of requirements. The hidden fees are the real killer though; sometimes you don't even spot them until you've taken a few trades and done the math yourself.

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JIu/jansen_ines·21h

Agreed. The KYB hoops are getting ridiculous, and it often feels like they're trying to price out smaller traders with all the hidden fees. What's been your worst experience with a prop firm's fee structure?

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