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What documents do I need to provide in order to process my first withdrawal with Olive Tree Capital Markets?

Broker Issues
Olive Tree Capital Markets
Withdrawal
Deposit
06-20
United States
WikiFX
Reply

Speaking from my own due diligence as a trader, the most reliable approach with a broker like Olive Tree Capital Markets—especially given their regulation by CySEC and their relatively traditional operational structure—is to be well-prepared with standard verification documentation before requesting a first withdrawal. While their publicly available information does not explicitly spell out every step for withdrawals, I draw on my experience that reputable, licensed investment firms in Cyprus typically require thorough compliance with anti-money laundering (AML) and know-your-customer (KYC) protocols. For my initial withdrawal, I would expect to provide a government-issued photo ID (such as a passport or national ID card), recent proof of residential address (like a bank statement or utility bill, usually not older than three months), and possibly evidence of the funding source (for example, a scan of the card or a proof of bank transfer). These documents help verify your identity and ensure the withdrawal aligns with the regulatory standards of Cyprus. Since Olive Tree Capital’s account opening process is described as quite complex, I would also anticipate needing to confirm all submitted documents are up to date and match the information provided during registration. Because they do not offer a demo account and have limited public details about their withdrawal conditions, I tend to be more cautious and confirm all requirements in advance directly with their support team to avoid unexpected delays. For me, this cautious and document-heavy approach is essential when dealing with any broker operating under strict regulatory oversight, and it’s wise to prepare for the highest standard of documentation at the outset.

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