WikiFX

Sagot

Based on my knowledge of regulatory standards and my direct experience with SFC-regulated brokers like Tradition, I know that client verification is a strict compliance requirement before any withdrawals can be processed. While each broker can have slight variations in their document requests, my experience—especially with brokers under the Securities and Futures Commission of Hong Kong—has shown the process to be quite uniform. Typically, to process your initial withdrawal, you will need to provide a valid government-issued photo ID, such as a passport or national identity card, for identity verification. Additionally, proof of address is almost always required, which is generally fulfilled by a recent utility bill or a bank statement displaying your full name and residential address, issued within the past three months. In some instances, especially when larger sums or specific jurisdictions are involved, I have also been asked to submit proof of the payment method used for deposits—such as a screenshot or statement from the originating bank or an image of the bank card (with sensitive details covered). From a regulatory perspective, these requests are not only standard but essential for anti-money laundering (AML) and know-your-customer (KYC) compliance. In my trading experience, promptly providing these documents has ensured smooth withdrawal processing and minimized delays. Overall, I always recommend double-checking with customer support directly—via the contact details on their platform—for any broker-specific requirements or updated documentation standards before requesting your first withdrawal.