Payout friction with new prop firms - settlement times?
Seeing a common theme lately with some newer prop shops regarding payout speeds. The initial promise is often T+0 or T+1, but real-world experience is looking more like T+3 or even longer, especially for larger sums. Is anyone else noticing this slippage in settlement times, and are you factoring this into your choice of firm? Getting tired of the 'liquidity provider delays' excuse.
Also, curious about the impact on scaling. If withdrawals are consistently lagging, it ties up capital longer and slows down the ability to cycle profits back into funded accounts or diversify. How are you all mitigating this operational drag?
It's not just the new firms; some of the more established ones are pulling similar stunts, especially with larger withdrawals. They'll pay the small stuff quick, but anything significant gets delayed. Always factor in their withdrawal history, not just what they advertise.