WikiFX

Reply

Based on my experience as a trader, CMB operates out of Hong Kong and follows standard compliance procedures consistent with their regulatory obligations under the SFC. While the precise list of required documents isn't fully disclosed on their public materials, I have generally found that for a first withdrawal at a well-regulated broker like CMB, clients are expected to go through a proper account verification process. Typically, this means I would need to provide government-issued photo identification (such as a passport or national ID), proof of address (often a recent utility bill or bank statement), and possibly documentation confirming the source of funds, especially for larger withdrawals. With CMB, the withdrawal process is initiated via their internet trading system or by submitting a formal fund withdrawal instruction form through post, fax, or email. It's crucial, in my experience, to ensure that my account details match those on my deposit records—since they stipulate that the funds must be withdrawn to an account in my name. I would also make sure that all documents provided are clear and up-to-date, as failure to comply can cause unexpected delays. Cases of withdrawal issues have surfaced among users who did not follow proper procedures or could not meet KYC requirements. For my part, I always err on the side of caution and keep copies of all my submission records and correspondences. This conservative approach helps mitigate the risk of unnecessary withdrawal complications and ensures compliance with anti-money laundering standards.