prop payout methods

hayseed

Master Trader
Jul 27, 2010
1,260
289
149
usa
some time back wise decided to remove itself as a withdrawal method for most if not all prop firms....

a bank wire draft was implemented by some until a replacement for wise could be found...... this cuts out the middle man, which quite often is best..... except for the middle man..... which in this case had already left.....
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most will know this, some might not......

myfundedfx now has chosen riseworks as payout method.... total time spent signing up with riseworks was less than a day due to kyc approvals in order of received...... i don't think you can, today, be verified in advance..... its almost like you have to get a 'intvite' to be verified..... which makes good business sense.....

once completed and verified, myfundedfx must receive some confirmation.... because a few minutes later they sent a paynow type invoice to my account..... and a few minutes later i could withdraw it.....

from this point forward looks like a 3 minute max time spent on riseworks to withdraw via bank wire.....

not bad at all.....h
 
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Reactions: Enivid
Looks more like a replacement for Deel, which is now wary of prop firms.
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hey enivid..... thanks.... my error, you are correct..... it was deel, not wise, that said no more and broke the chain.....

i fully understand deel's apprehensions.....h
 
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