Anyone else finding Prop Firm KYB getting more intrusive?
Been looking at a couple of new prop firms lately, specifically the ones offering higher capital for forex given the volatility in $EURUSD and $GBPUSD has been fantastic for trends. What's struck me isn't necessarily the evaluation rules – those are fairly standard – but the onboarding process itself. KYC/AML feels like it's gone from a quick document upload to a full-blown interrogation, often with multiple verification steps that trip up for the most minor inconsistencies. Then there's the 'KYB' aspect for the firm's own checks, which seems to delve deeper into trading history and strategy than ever before. It's almost as if they're pre-emptively looking for reasons to slow down a payout before you've even placed your first trade. Curious if others are experiencing this increased friction or if I just picked the two most bureaucratic firms on my recent scouting mission.
It's almost as if they want to know who you are before handing over a six-figure trading account. The nerve of some people, right?