r/prop-firms

Curious to hear about others' experiences with the KYB and onboarding process for various prop firms. Have you encountered significant delays or unusual documentation requests, and how did that impact your ability to get started with trading?

สวัสดีครับพี่ๆ เทรดเดอร์ในห้องนี้ ผมกำลังพิจารณา Prop Firms หลายเจ้า และอยากสอบถามประสบการณ์เรื่อง spread กับ slippage ที่เจอในการเทรดจริงครับ โดยเฉพาะคู่เงิน $EURUSD, $GBPUSD หรือทองคำ $XAUUSD

เท่าที่ศึกษามา บางแพลตฟอร์มดูเหมือนจะมี spread ที่ค่อนข้างสูง หรือมี slippage เยอะช่วงข่าวออก ทำให้แผนการเทรดที่ตั้งไว้คลาดเคลื่อนไปมาก อยากทราบว่าแต่ละท่านมีวิธีรับมือหรือมีข้อสังเกตอะไรเป็นพิเศษไหมครับ โดยเฉพาะในเรื่องของ payout reliability กับการที่ prop firm สามารถจัดการ liquidity ได้ดีแค่ไหน ขอบคุณสำหรับทุกความคิดเห็นล่วงหน้าครับ

Anyone else finding that the KYC/KYB process with some of these prop firms is becoming more convoluted than a tax audit, only to then worry if the payout will actually hit your account without a significant 'processing fee' vanishing act?

Hey everyone, trying to get a feel for how others are navigating the initial hurdles with prop firms, particularly around the onboarding process. I've heard some war stories about KYC/KYB taking forever or getting stuck in loops, which can really eat into the mental capital before you even place a trade. Beyond that, once funded, how are you all evaluating the consistency and reliability of payouts? I'm not talking about if they pay, but the how – are there consistent delays, unexpected fees, or specific withdrawal methods that seem to work better or worse? Trying to scope out the hidden friction points beyond just the challenge itself. Any insights on different firm's infrastructure regarding this would be super helpful.

Been looking at a few different prop firms recently, trying to diversify a bit, and honestly, the onboarding and Know Your Business (KYB) processes feel like they've become significantly more arduous. It's not just the usual docs; some are asking for an insane level of detail on funding sources, operational structure, even down to proof of concept for trading strategies. I get the need for compliance, especially with the increased regulatory scrutiny, but it's starting to feel like a real barrier to entry. Anyone else experienced this or have any tips for streamlining the process without compromising the integrity of your application? It's burning through a lot of time just to get through the initial hurdles.

Been looking at a few different prop firms lately, and while the challenge metrics are clear, the actual onboarding process seems to be a significant bottleneck for some. Specifically, the KYC/AML verification for payouts once funded. I've had one firm request documentation that felt overly intrusive for the capital involved, and another just drag their feet on basic identity verification for weeks, holding up access to a funded account. It makes you wonder about their operational efficiency and what that might mean for payout reliability down the line. Is this just par for the course now, or are some firms genuinely better at streamlining this without compromising compliance? Curious if others are experiencing similar friction points, particularly when comparing different prop firm choices for their payout process.

Anyone else finding the onboarding process for prop firms increasingly cumbersome? Seems like every new account requires more hoops to jump through for Know Your Business (KYB), even for fairly standard setups. More importantly, I've noticed a trend where payout processing times are extending beyond the advertised window, sometimes significantly. Not talking about a day or two, but weeks.

This isn't about specific firms, more about a systemic issue. Is it increased regulatory pressure on their end, or perhaps infrastructure bottlenecks as more traders enter the space? What's your experience been with liquidity for payouts, especially when dealing with larger withdrawals on something like $BTC or more exotic FX pairs? I'm curious if this is an isolated experience or a wider sentiment across the prop trading community.

Hey all, curious if anyone else is experiencing a significant slowdown in onboarding/KYB processes with prop firms lately. I've been trying to get set up with a new one this week and it feels like everything is moving at a snail's pace compared to even 6 months ago. I'm talking about basic verification taking days, not hours. Wondering if it's just my experience or if there's a wider trend, maybe due to increased regulatory scrutiny or simply being swamped with new sign-ups. It's a bit frustrating when you're ready to get started. What are your recent experiences?

Been with a couple of the bigger prop firms for a while now, hitting good stride on consistency. Recently crossed into that 6-figure account size, and suddenly, the payout process for anything substantial has become a crawl. Documentation requests are far more granular, multiple identity checks, even proof of address re-verification after being funded for months. It feels less about typical KYC and more like a deliberate slowdown. Is this just par for the course once you're scaling up payouts, or is there something specific I should be looking for in the firm's terms that dictates this enhanced scrutiny above a certain threshold? Seems like the smaller, quicker payouts fly through, but anything that starts looking like 'real' money suddenly gets hung up for days, sometimes a week.

Been giving some thought lately to the actual trading environment offered by various prop firms, beyond just the challenge structure. Specifically, I'm talking about the spreads and execution quality once you're funded. Many firms advertise access to 'raw spreads' or 'ECN feeds,' but my experience, or rather, my concern, is that the execution isn't always what it seems.

I've seen situations, particularly around news events or during less liquid hours, where the spread widens significantly more than anticipated for a true ECN feed. This isn't just about a couple of pips on $EURUSD; it's about the difference between a profitable setup and a stop-out because your entry/exit was compromised. My question for those of you who have been funded with different firms for a decent period: have you noticed any consistent discrepancies in advertised versus actual trading conditions, especially regarding spread widening and slippage? Is it just market conditions, or are some firms less transparent about their true execution environment?

Been with a few prop firms over the past year, and while the idea of leveraged capital is appealing, the reality of getting paid out consistently and fairly is often a different story. Beyond the initial challenge phase, which is its own beast, I'm finding the spreads on $EURUSD and $XAUUSD with their 'preferred' brokers are consistently wider than retail accounts, effectively eating into a good chunk of profit potential. Then there's the whole payout process itself – some firms have these convoluted withdrawal schedules or 'minimum profit' thresholds that make it feel like they're actively trying to retain your capital. Is anyone else experiencing this, or have you found a firm that truly offers competitive execution and reliable, no-nonsense payouts once you're funded?

Starting to wonder if the spreads I'm seeing quoted on a couple of these prop firm platforms are truly what's getting filled. Been monitoring $EURUSD specifically and seeing some slippage that feels like more than just market movement.

Starting to look seriously into prop firms for scaling up. My main hangup right now is less about the challenge itself and more about the back end: specifically, how robust are the brokers they use for actual payouts once you pass? I've heard some mixed things about liquidity issues translating to delays, or even unfavorable fill prices when trying to scale positions with larger notional values. Does anyone have experience where a prop firm's underlying broker infrastructure genuinely impacted their ability to exit trades cleanly or get timely payouts without excessive spread slippage?

Is anyone else finding the Know Your Business (KYB) process with some prop firms to be an absolute nightmare, almost as if they're actively trying to discourage successful traders from getting paid? The hoops I jump through sometimes make me wonder if my $EURUSD moves are less complicated than their onboarding.

Been looking to spread my risk a bit, maybe try a couple of new prop firms to diversify beyond just my main one. It feels like every time I find a promising new contender, the entire onboarding process just kills the momentum. The KYC/KYB seems to be wildly inconsistent across the board. Some are quick, almost instant verification, while others ask for documents I haven't needed since applying for a mortgage. It's not just the document requests either, but the actual processing times. I've had firms take a week or more to verify, which for intraday traders means potential opportunities are missed while you're stuck in limbo.

Then there's the whole payment processor side of things. One firm's PSP might be lightning fast with withdrawals, another takes forever, or has these hidden fees that only pop up when you're trying to get paid. And I'm not even talking about the spreads or commissions once you're actually trading – that's a whole different can of worms. For those of you active with multiple prop firms, how do you manage this friction? Are there certain things you look for specifically regarding their back-office efficiency before even committing to a challenge? What's your experience been like trying to scale up with different firms without getting bogged down in administrative quicksand?

ผมเทรดกับหลาย Prop Firm มาพักใหญ่ สังเกตเห็นจุดหนึ่งที่อยากจะเอามาถกกันในบอร์ดครับ คือเรื่องของสภาพคล่องและสเปรดที่ Broker ของ Prop Firm แต่ละแห่งเสนอมา บางทีเจอสเปรด $EURUSD ที่ต่างกันเยอะมาก หรือช่วงข่าวสำคัญ $XAUUSD สเปรดวิ่งจนตกใจ แถมยังมี Requote หรือ Slippage ที่บ่อยผิดปกติในบางที สิ่งเหล่านี้กระทบกับการบริหารความเสี่ยงและขนาดPosition ของเราโดยตรง

ประเด็นคือเราในฐานะเทรดเดอร์ที่ใช้ทุน Prop Firm ไม่ได้เลือก Broker เอง แต่เราต้องรับผลกระทบจากโครงสร้างพื้นฐานที่เขาเลือก ถ้าเจอ Broker ที่สภาพคล่องไม่ดี สเปรดกว้าง หรือมีปัญหาเรื่อง Execution บ่อยๆ มันก็เหมือนเรามีขาข้างหนึ่งที่โดนผูกไว้ อยากทราบว่ามีใครเคยประสบปัญหาคล้ายๆ กันบ้างไหมครับ และมีวิธีไหนที่เราจะประเมินเรื่องพวกนี้ก่อนตัดสินใจเทรดกับ Prop Firm ได้ลึกซึ้งขึ้นนอกเหนือจากแค่ดูตารางสเปรดคร่าวๆ หรือสอบถามSupportเบื้องต้นได้บ้างครับ

Been running simulations on a few prop firm platforms versus my own live broker data, and the spread differential is becoming a real headache. I'm seeing consistent 0.5-1.0 pip wider spreads on major pairs during active hours with several firms, and execution slippage seems to compound it. For strategies relying on tight entries/exits or scalping, this difference is effectively invalidating the edge I've developed on my own accounts. It’s not just the advertised commissions; it’s the effective cost per trade when you factor in the liquidity provided by their tier one partners. Anyone else finding this to be a significant hurdle when evaluating firms, or have you adapted your strategy to account for the wider bid-ask? It makes passing challenges far more capital intensive than it needs to be, and managing an actual funded account even trickier.

Anyone else finding KYC/KYB a nightmare with US-based prop firms when trading from the EU? Seems like every firm has a slightly different set of hoops, sometimes requiring proof of address from years ago or banking details that don't quite map across regions. It's not just the initial setup, but sometimes even payout requests get flagged for 'additional verification' that feels like re-KYC. Are there any firms that have a more streamlined process for international traders, or is this just the price of admission for wider market access? The time wasted on this cuts into trading hours and feels like an unnecessary drag.

Seriously, the hoops some of these firms make you jump through for basic KYB are ridiculous; takes longer than opening a bank account in some cases, and then the spreads aren't even competitive after all that hassle.

Curious to hear from those who've navigated the payout process and actual execution quality with various prop firms: do the inherent spreads/commissions, even if seemingly small, compound enough on larger simulated capital to noticeably detract from what one might achieve with direct retail broker access, especially considering liquidity variations during volatile moves?

Been looking into a few more prop firms lately, trying to diversify a bit, and I'm consistently hitting walls with their KYC/AML processes. It's not just the standard document upload, but the follow-up requests for utility bills from specific banks, or the long delays for verification when everything seems in order. It's getting to the point where the friction makes me question if it's even worth the hassle, especially when some firms are faster but then have less attractive spreads or payout terms. Is this just the new norm with all the regulatory pressure, or am I picking firms with particularly clunky onboarding?

Been thinking a lot about the whole ecosystem around prop firm challenges lately, specifically the backend infrastructure. It seems like the front-end marketing for many of these firms is polished, but the actual onboarding process, especially once you pass a challenge and move towards a live account, can be a real grind. I've heard stories, and experienced some of it myself, where the KYB/KYC is a significant hurdle, not just for the initial setup but often for subsequent payouts. It feels like some firms haven't quite streamlined this, leading to delays and frustration.

Then there's the payout reliability aspect. While most firms eventually pay out, the consistency and speed can vary wildly. Has anyone else noticed this, particularly with certain payment service providers (PSPs) or regional differences? It makes you wonder how much due diligence firms do on their own PSPs and whether that's factored into the overall operational efficiency. It's not just about getting the money; it's about predictable access to it, which is crucial for managing capital and expectations as a trader.

Starting to wonder if these prop firms secretly don't want to pay out, or if their compliance departments are just run by particularly enthusiastic toddlers. I've been trying to get set up with one firm for a week now, providing every document under the sun, and still getting bounced back for the most trivial things. Bank statement not 'clear enough' (it's a PDF from the bank!), proof of address from six months ago 'too old' (it's the most recent utility!), etc. It's not just this one either; seems to be a recurring theme across a few. \n\nIs it just me, or has the KYC/AML process gotten exponentially more painful with prop firms specifically? Are they using different criteria than a regular broker, or is it a sign of deeper infrastructural issues on their end? Genuinely curious if others are hitting these same brick walls or if I just have a particularly 'problematic' set of documents in the eyes of their onboarding teams. Might just be me needing a stronger coffee, but it's becoming a right pain.

Anyone else finding the KYC/AML process for non-US entities with some of these prop firms to be an absolute slog, particularly with the source of funds verification? It feels like an unnecessarily complex hurdle to even get started.

Been looking into a few new prop firms recently, trying to diversify a bit, but the onboarding process has been surprisingly clunky. Seems like every other firm is asking for a different set of documents, or their identity verification just fails repeatedly. It's frustrating when you're ready to get started and the first barrier is just getting your account approved. Wondering if this is just my experience, or if others are seeing this friction increase too? Any tips for streamlining the KYB process with these firms would be greatly appreciated.

Been trying to get my first payout from a relatively new prop firm I've been with for a few months, and the KYC/AML process on their end seems incredibly drawn out. Submitted everything they asked for weeks ago, confirmed it was received, but still stuck in 'review'. Wondering if this is just my experience, or if others are seeing similar friction points with certain firms, especially newer ones, when it comes to withdrawals after passing challenges. It's making me question if their back-office infrastructure is truly scaling with their growth.

Been with a few different prop shops over the years, and one recurring issue I've noticed is the variation in payout speed and, more critically, the underlying liquidity. It's one thing to hit targets, but quite another to reliably withdraw profits without undue delays or, in some cases, seeing spreads widen significantly during large withdrawal requests, suggesting a potential liquidity strain on their end. Curious if others have similar experiences with firms struggling to maintain consistent payout times or showing signs of limited liquidity when larger positions are closed out for withdrawal. What's been your threshold for an acceptable payout period before red flags start appearing?

Lately, I've noticed a significant uptick in slippage during high volatility periods, particularly on indices and major forex pairs, with my current prop firm. It feels like the spreads are widening more aggressively than what I'd typically expect, even with a decent liquidity provider. Has anyone else experienced this, and has it impacted your ability to manage risk or hit profit targets consistently? Curious if this is just my provider or a broader trend.

It's beyond frustrating when a prop firm's payout terms are deliberately vague, especially around the initial withdrawal. We're talking about basic operational stuff here – what's the actual processing time, what specific documentation beyond the KYC I already did do they need for the first payout? The whole 'up to 10 business days' line feels like a cop-out for something that should be a standard, clear-cut banking transfer. Is this just par for the course now, or am I missing firms that actually streamline this?

Anyone else finding the Know Your Business (KYB) process with some prop firms to be excessively drawn out, impacting the initial payout significantly? Trying to gauge if this is the norm or if I've just hit a few slow ones.