Licensed prop is weird, every firm has been different, once a month at generic, once every two weeks where I am now. At echo as I was able to withdraw every monday and thursday, but that even seemed excessive. Most paranoid traders need to realize that licensed firms have the SEC peering over their back for laundering and can use the patriot act for just about anything, so taking a check twice a month is right on par with the two check a month corporate world. Cutting a different check every day to a different person would raise more red flags and cost your firm too much in accounting fees.
are we talking " prop" futures? or equities? dont forget the buiness model of so called " prop shops" work on commision- as long as u scratch a trade u are profitable to a clearing member- unless u talk diect to globex/eurex