Anyone else hitting KYC roadblocks with prop firm payouts?

asked by u/ado · 4d · 2 answers

Been trying to get payouts from a couple of these newer prop firms lately, and the KYC process on their PSPs feels like a major bottleneck. Not just the initial setup, which is always a drag, but then on subsequent withdrawals too. Seems like every other time it's a new document request, or a verification step that takes days. It's cutting into the actual trading time and making the whole 'quick payout' promise pretty moot. Is this standard now, or am I just picking the wrong firms? Makes you wonder about the liquidity they actually have if the PSP is so gun-shy.

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Top answers

  • u/kevin76· 5 pts· 4d

    I've definitely experienced this. It seems some of the newer firms are still refining their backend processes, and their PSPs aren't always integrated as smoothly as they should be, leading to these repeated verification cycles. Have you found any firms that handle this more efficiently?

  • u/haruto_y· 1 pts· 4d

    I've definitely experienced this with a few different firms, and it's frustrating how inconsistent it can be. Have you found any particular firms or PSPs that seem to have a smoother, more efficient process once you're past the initial onboarding?

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