WikiFX

Sagot

Based on my experience trading with established, SFC-regulated brokers like EBSI, I’ve found that the documentation required for an initial withdrawal is typically focused on verifying the account holder’s identity and ensuring compliance with anti-money laundering regulations. For me, this meant submitting a valid government-issued photo ID, such as a passport or national ID card, along with a recent proof of address—usually a utility bill or bank statement issued within the last three months. EBSI, operating out of Hong Kong and holding SFC licenses, adheres to strict regulatory standards, and in my own dealings, these requirements were non-negotiable. Additionally, I’ve sometimes been asked to confirm my banking details by providing a copy of a bank statement showing both my name and account number, especially if the withdrawal is going directly to a bank account. It’s my practice to make sure that the name on my trading account matches exactly with my bank details, as discrepancies can lead to delays or even rejection of the withdrawal request. From my perspective, these requirements are in place to protect both the trader and the broker, ensuring that funds are not misdirected. I recommend preparing all documentation beforehand and double-checking their clarity and validity before submitting a withdrawal request. If I ever ran into uncertainty, EBSI’s customer support, while occasionally slow, clarified document formats and next steps, which I found helpful—though the absence of an online chat function did require extra patience on my part. I have learned it’s best to approach the process carefully, keeping expectations realistic about potential processing times while ensuring compliance at every stage.