WikiFX

Sagot

In my experience opening accounts with regulated brokers like Limit Prime Securities, I’ve always expected to provide standard identity verification documents before making my first withdrawal. Since Limit Prime is regulated in Montenegro under the Capital Market Commission (SCMN) and operates under MiFID II and ESMA frameworks, this means they have strict Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. For my own first withdrawal, I would prepare to submit a clear, valid government-issued photo ID (such as a passport or driver’s license), along with a recent proof of address—usually a utility bill or bank statement dated within the last three months. Some brokers might request further documentation, especially if there are discrepancies or if larger withdrawal amounts are involved, but these two are fundamental. I’ve found that not having these documents ready ahead of time can significantly delay the withdrawal process. Although I haven’t specifically tested Limit Prime’s process myself, my due diligence with regulated brokers informs me it’s prudent to ensure the name on your trading account matches your identification, and to use the same payment method for withdrawals as for deposits whenever possible. This aligns with global compliance norms and, in my view, protects both the trader and the broker. Based on my background, I always approach my first withdrawal conservatively, double-check the requirements with their customer support, and avoid last-minute surprises.