Onboarding Friction for EU-based Prop Firm Payouts to US Banks
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Anyone else hitting significant roadblocks lately trying to get payouts from EU-based prop firms into US-domiciled bank accounts? It seems like every other firm, even the more established ones, has KYC/KYB procedures that feel like they were designed to be as difficult as possible for US residents. I understand the regulatory environment, especially post-AML directives, but the level of documentation requested, often redundant or requiring multiple layers of certification, has become a genuine operational drag. This isn't just about initial onboarding either; subsequent payouts can often get held up for days or weeks due to what feel like arbitrary compliance checks.
It's making me reconsider the viability of some of these platforms, not because of their trading conditions or access to liquidity, but purely due to the backend friction. Is this a common experience, or am I just hitting an unlucky streak with a few particular firms? Any insights into specific banks or payment processors that handle these cross-border, prop-firm-to-individual payouts more efficiently would be genuinely appreciated. Trying to gauge if this is a systemic issue or something addressable with better infrastructure choices.