Onboarding Friction with Payouts for Prop Firm Challenges
Been thinking a lot about the whole ecosystem around prop firm challenges lately, specifically the backend infrastructure. It seems like the front-end marketing for many of these firms is polished, but the actual onboarding process, especially once you pass a challenge and move towards a live account, can be a real grind. I've heard stories, and experienced some of it myself, where the KYB/KYC is a significant hurdle, not just for the initial setup but often for subsequent payouts. It feels like some firms haven't quite streamlined this, leading to delays and frustration.
Then there's the payout reliability aspect. While most firms eventually pay out, the consistency and speed can vary wildly. Has anyone else noticed this, particularly with certain payment service providers (PSPs) or regional differences? It makes you wonder how much due diligence firms do on their own PSPs and whether that's factored into the overall operational efficiency. It's not just about getting the money; it's about predictable access to it, which is crucial for managing capital and expectations as a trader.
That's a great point about the backend. I've only really focused on the challenge rules themselves, but I can definitely see how payout issues could become a major headache. Have you found any firms that seem to handle it better than others?