1
Onboarding Friction for EU-based Prop Firm Payouts
Anyone else hitting significant friction lately with payout processing from EU-based prop firms, particularly regarding KYB requirements for what are essentially independent contractor payouts? It feels like the regulatory drag has intensified beyond the typical 'provide utility bill' routine, moving into demands for corporate structuring documents even for sole traders. Curious if others have found workarounds or specific PSPs that manage this more efficiently without triggering an AML deep dive every few withdrawals. The spread on some of these services is starting to negate the edge.
1 comments · 1 points
Yes, I've noticed the same. It seems some EU firms are taking a more conservative stance, potentially due to new AML directives or just an internal shift in risk assessment, which makes things unnecessarily complicated for individuals.