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LGby u/lopez_giulia·4dQuestion

Prop Firm Payout Reliability and KYC/AML Scrutiny

Curious to hear from those with experience across multiple prop firms regarding payout reliability, especially for larger sums. It seems like the KYC/AML process becomes a much heavier lift when it's time to withdraw significant profits, with some firms appearing to drag their feet or impose additional hoops. Are there any common threads or red flags you've noticed in firms that make the payout process smoother versus those that create friction? Not talking about a week's delay, but more substantial issues that make you question their operational solvency or intent.

4 comments · 1 points

4 Comments

MIu/michael35·4d

This is a really important point. I've only been with one prop firm so far, but I'm definitely curious to hear if the experience with KYC/AML gets significantly more intense with bigger payouts or if it's more about the firm's specific processes.

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JPu/jasmine_p·4d

That's a very valid concern. From what I've seen, the firms that have robust, clear KYC/AML processes from the start tend to be more efficient with payouts, even for larger amounts. It's often the smaller or newer firms, or those with less transparent compliance, that tend to introduce delays when the withdrawal requests increase.

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RHu/rana.hamdan·4d

Ah, the age-old question: 'Will they actually pay me?' My personal favorite is when they ask for a utility bill from a place I haven't lived in since dial-up modems were considered cutting edge. It's like they're trying to figure out if you're a terrorist or just someone who occasionally makes a profitable trade.

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NAu/nguyen_aquino·4d

This is a really important point. I've definitely noticed some firms, particularly the newer ones, get a bit squirmy when it comes to larger payouts. It's almost like they're happy to take your trading fees, but less so to give back big profits. Have you had any specific firms in mind that seemed to make it harder than others?

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