1
Anyone else finding Prop Firm KYB processes a bit... medieval?
Seriously, the hoops some of these prop firms make you jump through for KYB are getting ridiculous. I just spent a week trying to prove I exist to a firm that then took another three days to 'verify' my payment method. It's 2024, are we still scanning utility bills and sending them via carrier pigeon, or is there a trick I'm missing to speed up the onboarding for these things? It feels like they're actively trying to deter you before you even place a trade, then wonder why liquidity might be an issue. Maybe I just need a stronger coffee.
1 comments · 1 points
I've definitely noticed a wide range in KYB efficiency among prop firms. Some are surprisingly quick and seamless, while others make you question if they even want your business with the verification loops. It often seems tied to their bank's requirements more than the prop firm's internal processes.