WikiFX

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Based on my experience and the information available, I approach brokers like GMO-Z.com with extra caution, especially concerning withdrawals. Generally, reputable forex brokers will require identification paperwork for your initial withdrawal—this is a normal part of anti-money laundering (AML) and Know Your Customer (KYC) regulations. This typically means providing a government-issued ID, a recent proof of address (like a utility bill or bank statement), and possibly documentation validating your source of funds. However, what raises red flags for me about GMO-Z.com are user reports describing significant difficulties with withdrawals. Several clients report being asked for unusual items such as a "10% individual tax" payment or other unexpected fees before they can access their funds. This greatly differs from standard industry practice, where verified documents—not extra payments—are typically required. Some traders also experienced extended pending periods or a complete inability to access their money, even after providing documentation. Given these accounts and the existing regulatory concerns, I’d emphasize taking a very conservative approach if considering making a withdrawal. I would ensure all standard personal documents (ID, proof of address) are ready, but I would be extremely skeptical of any demand for additional fees or “tax” payments. For me, being diligent and validating each request directly with the official company contacts is essential, and I would personally avoid providing or transferring extra funds outside of normal withdrawal procedures.