Prop Firm Payout Reliability and KYC Friction - Any Recent Woes?
Been looking at a few new prop firm options, specifically those touting high leverage on futures and certain FX pairs like $EURUSD. My main concern, as always, is the actual payout process once a substantial amount is accumulated. We've all heard stories. Beyond the advertised spreads and commission structures, which often look attractive on paper, how are firms handling larger withdrawal requests these days? Is the KYC/KYB process becoming even more of a hurdle, or are things generally smoother for established traders?
Specifically, any recent experiences with firms suddenly tightening up their withdrawal policies or adding layers of verification not initially disclosed? It's one thing to pass a challenge, another to consistently get paid without unnecessary friction or delays that eat into time and capital efficiency. Curious to hear if anyone has encountered new infrastructure-related headaches around liquidity providers or payment processors that impacted their ability to get funds out.
Good question. I'm especially curious about how firms handle KYC for larger payouts - are they asking for more stringent verification beyond initial onboarding?