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Comment by malux85 | Hacker News Reader

So KYC them when you onboard them, NOT when they try to withdraw.

“Oh no, that might hurt our signup and trading figures?! “

Well, DUH, but anything to fudge the numbers right?!

Maybe if they make withdrawals even more difficult a percentage of users will abandon and then our assets under management numbers look better.

This is exactly what’s happening, stop forgiving the dark pattern behaviour under the guise of compliance.

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That's why you should always start with small amounts, deposit $10, withdraw $10. If it works, repeat with $100 etc. Never keep large amounts there, withdraw as soon as trade is complete.

Alternatively, use a brokerage that's been around for decades and doesn't employ these dark patterns.

I agree, though these can deteriorate too. I've been with Vanguard for a while but was astounded as to how much the site and the customer support had degraded. Kind of worried about them but not enough to take a capital gains hit likely necessary to transfer the funds.

You can do an in-kind transfer to move the assets over to a new firm without having to sell first. Definitely works for cash, stocks, mutual funds, and bonds. Not sure what else you can do it for

You can probably do an in-kind transfer (see [0] and the 4th FAQ at [1]) to another brokerage with no capital gains hit because you’re not actually selling the asset.

[0] https://finance.yahoo.com/news/kind-transfer-134617847.html [1] https://investor.vanguard.com/account-transfer/other-transfe...

You don't need to liquidate and realize capital gains.

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