WikiFX

Sagot

In my experience as an independent forex trader, whenever I processed my initial withdrawal with a regulated asset management firm like Simplex Asset Management, I found that the process typically required several standard documents to comply with anti-money laundering (AML) regulations and ensure client security. Given that Simplex Asset Management is regulated by Japan’s Financial Services Agency (FSA) and operates under a retail forex license, I expected — and recommend preparing — a government-issued photo ID (such as a passport or national ID card) to verify identity. Additionally, proof of address (for example, a recent utility bill or a bank statement, ideally dated within three months) is commonly required to confirm residency details. Depending on the nature of your funding and the regulatory requirements, the broker may also request supporting documents that prove the origin of your funds, such as a bank statement or confirmation of the deposit method. These steps are in place to prevent fraud and financial crime, and, in my view, strict document verification should be seen as a protective measure rather than a hurdle. However, based on user reviews about Simplex Asset Management, while the requirements seem standard, the actual withdrawal process may not always be smooth. Some clients have reported delays and difficulties with customer service addressing withdrawal requests. Therefore, I advise ensuring that all documents are clear, up-to-date, and match your account details to minimize any potential complications during the process.