Prop Firm Payout Friction: KYC/AML Delays & Withdrawal Ceilings
Anyone else hitting consistent walls with prop firm payouts lately? It seems like every time I clear a decent chunk of change, the KYC/AML process suddenly develops amnesia, asking for the same documents they've had on file for months. Then there are the 'staggered' payout policies – amazing how easy it is to fund an account instantly, but trying to withdraw anything over five figures feels like trying to drain an Olympic-sized swimming pool with a coffee stirrer. I get the regulatory side, but the asymmetry in friction between funding and withdrawal is getting tiresome. Makes you wonder if it's deliberate friction to keep capital on their books longer. Is it just me, or has this gotten significantly worse over the last year across the board? I'm not naming names, but I've tried a few of the 'top-tier' ones and it's a recurring theme.
Yeah, it's a common complaint. Many firms seem to make deposits easy but withdrawals a hurdle, especially for larger amounts. Have you tried negotiating higher limits or pre-approving documents before hitting the withdrawal button?