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EMby u/eva_m·1moQuestion

KYB Friction with New Prop Firms – Is it Just Me?

Been looking at a few newer prop firms lately, specifically for their lower capital requirements and supposedly tighter spreads on certain pairs like $EURUSD. However, the Know Your Business (KYB) process with a couple of them has been an absolute nightmare. Long delays, repetitive document requests, and a general lack of clarity on what exactly they need. It feels like they're trying to innovate on the trading side but completely drop the ball on the operational onboarding.

Is anyone else experiencing this, or have I just hit a bad patch? Curious to hear if others have found firms with genuinely smooth and efficient KYB/onboarding processes recently, particularly those focused on the retail prop space.

3 comments · 3 points

3 Comments

MSu/minh_setiawan·1mo

That's a common complaint. Many of these newer firms seem to prioritize aggressive marketing over robust, user-friendly back-office operations. The KYB issues could also signal broader compliance immaturity, which is something to consider if you're entrusting them with capital.

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BEu/beatrizsilva·1mo

I've noticed similar issues, especially with firms that seem to be just starting out. Do you think it's due to them having less established compliance teams, or maybe it's just the nature of the industry right now?

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FMu/fontaine_marie·1mo

It's not just you. Many of these newer firms are using off-the-shelf KYB solutions without really understanding the compliance requirements, which leads to these kinds of issues. Have you considered older, more established firms, even with slightly higher capital requirements?

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