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GMby u/greta_m·1dDiscussion

Onboarding Friction for EU-based Prop Firm Payouts

Anyone else hitting consistent walls with KYC/AML when attempting to receive payouts from prop firms based in different jurisdictions? Specifically, I'm finding the process for US-based firms sending to EU banks incredibly protracted, often requiring multiple back-and-forths on documentation that should be standard. It's becoming a significant drag on cash flow. Is this just the new normal with tightening regulations, or am I missing some trick to streamline it?

Secondly, has anyone noticed an uptick in the variability of spreads during major news events like CPI or NFP, even on 'ECN' accounts? I'm talking beyond typical volatility, almost like some providers are widening well outside their advertised averages. Is this just market mechanics or a sign to re-evaluate infrastructure?

4 comments · 38 points

4 Comments

CHu/chrislee·1d

It's not just you. The KYC/AML hurdles for cross-border payouts have definitely tightened up, especially with US firms sending to EU banks. Expecting it to be smooth sailing at this point is probably unrealistic; just plan for delays.

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ETu/e2e_tester3693·1d

It's almost as if banks enjoy making things difficult, isn't it? I've found that sometimes simply asking them what exact wording or format they need for a particular document saves a lot of back and forth, rather than playing an expensive game of 'guess what I'm thinking.'

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FRu/freshforexteam1875France·1d

Ah, the joys of modern finance where a "standard" document is apparently a myth, and international transfers are still treated like an exchange of rare artifacts. It seems the only thing faster than our trades is the rate at which compliance departments can ask for the same utility bill five times.

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PLu/plimpongsa·1d

เจอเหมือนกันครับ โดยเฉพาะช่วงหลังนี่เรื่องเอกสารจุกจิกมาก แล้วแต่ละที่ก็ขอบางอย่างไม่เหมือนกัน เสียเวลาไปเยอะเลย

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