WikiFX

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Speaking from my experience as a forex trader who assesses brokers carefully, I can share a cautious perspective based on what’s verifiable about KOSEI SECURITIES. While the WikiFX background doesn’t specify a document checklist for initial withdrawals, I can infer, given KOSEI SECURITIES’ regulatory status under Japan’s Financial Services Agency (FSA) and industry norms, that the broker likely requires standard verification before processing first-time withdrawals. Typically, for any FSA-regulated Japanese securities firm, I’ve had to provide proof of identity, such as a government-issued photo ID (passport or national ID card), and proof of address—like a utility bill or bank statement less than three months old. Since KOSEI SECURITIES also deals with tax-advantaged accounts (such as NISA), additional documentation—possibly My Number (Japanese Individual Number)—could be required for Japanese residents. For non-resident or foreign clients, requirements can be stricter, and language support appears to be primarily Japanese, which may add a layer of complexity if I didn’t speak the language. In my view, it’s prudent for anyone opening an account or planning withdrawals with KOSEI SECURITIES to prepare clear, official copies of identification and residency proof and to clarify documentation needs in advance with their support team. This helps ensure compliance and smooth withdrawal processing, reducing the risk of delays or misunderstandings. I always double-check these requirements by directly contacting the broker, especially one that is strongly regulated but caters mostly to domestic clients.