WikiFX

Sagot

Based on my experience as a forex trader, when opening an account and processing an initial withdrawal with a brokerage like Trade Capital Markets, regulatory requirements in Cyprus under CySEC mean you will almost certainly need to go through a thorough identity verification process. Typically, this involves providing a government-issued photo ID, such as a passport or national ID card, to prove your identity. Additionally, a recent utility bill or bank statement is usually required to confirm your residential address—this helps the broker fulfill anti-money laundering obligations. Finally, they may request a copy of the bank card or account details used for deposit to ensure withdrawals are made to the original funding source, minimizing risk of fraud. In my view, it is wise to have electronic copies of these documents ready and to use only your own verified financial accounts, as any inconsistencies can delay processing. Given that user reports raised concerns over withdrawal difficulties at TCM, I am especially cautious and double-check that all documents are clear, up-to-date, and correspond exactly to the account information. Providing complete and accurate documentation from the outset helps reduce the likelihood of complications or delays.