Prop Firm Payout Reliability and KYC Friction - Any Recent Woes?
Been with a couple of these prop firms for a while now, hitting profit targets fairly consistently. My main concern lately has been the increasing friction around payouts, especially for larger sums. It seems like the KYC/AML hoops are getting tighter, sometimes bordering on the absurd. Curious if anyone else has experienced significant delays or additional documentation requests beyond the initial onboarding, particularly when trying to access funds. Are certain payment processors causing more headaches than others?
Also, a related thought: how much scrutiny do you all put into the actual liquidity providers or the brokerages these prop firms claim to be using? I've seen some spreads widen suspiciously during volatile periods on accounts that are supposedly direct market access. Makes one wonder if the firms themselves are fronting some of the trades internally.
Yeah, it's definitely becoming more common. I had a pretty significant payout held up for an extra week recently due to a new address verification step, even though I'd been with them for months. Feels like they're just pushing the limits.