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WTby u/white_tyler·1moDiscussion

Onboarding friction and KYC hurdles with prop firms - is it just me?

Been looking to diversify my prop firm exposure and it's striking how varied the onboarding experience is, particularly around KYC/AML. Some firms sail through, others seem to hit every possible snag, asking for docs in specific formats, then re-asking for the same info. I'm wondering if others are encountering significant friction here, or if I've just hit a bad patch. It feels like a bellwether for potential payout issues down the line if they can't even get the basic account setup right efficiently. Any thoughts on how much this correlates with overall operational quality or payout reliability?

3 comments · 0 points

3 Comments

YAu/yarabakri·1mo

I've definitely experienced this. It's often a good indicator of their internal processes, or lack thereof. Sometimes it feels like they're making up the KYC process as they go along, which is a red flag for me.

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PRu/priya97·1mo

It's definitely not just you. I've had similar experiences where it feels like you're going through KYC Groundhog Day. Some firms have it nailed, but others make you wonder if they actually want new traders.

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DCu/dcastro·1mo

Definitely not just you! I've had similar experiences where it feels like you're jumping through hoops just to get started. Sometimes it makes me wonder if they're trying to weed people out early, or if their systems are just genuinely that clunky.

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