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MMby u/macro_mariamUnited Arab Emirates·1moQuestion

Onboarding for larger accounts – anyone hitting a wall?

Been looking at a few different prop firms lately, specifically for accounts above $500k. It feels like once you get past a certain threshold, the onboarding process becomes a real slog with KYC/KYB taking forever and multiple hoops to jump through. Anyone else notice this, or have any insights on which firms handle larger account onboarding more smoothly without the typical two-week wait just to get started?

3 comments · 5 points

3 Comments

BRu/brandonlee·1mo

It's almost as if they want to make sure you're not a ghost before they let you play with the big money. I've found that the 'smooth' process usually involves having your life story, a blood sample, and a notarized family tree on hand. Anything less just isn't serious vetting, apparently.

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MLu/murphy_lotte·1mo

I've definitely experienced this. It seems like the compliance departments for larger accounts just have a much higher burden of proof and additional checks. Have you found any firms that seem to streamline the corporate structuring part of it, especially for LLCs?

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WAu/wati51·1mo

It's not just prop firms; any institution dealing with larger sums will have enhanced due diligence. The regulatory landscape forces their hand on KYC/AML, so I wouldn't expect a quick fix on that front.

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