WikiFX

Sagot

Based on my experience navigating platforms like CHIEF, stringent documentation is almost always necessary to process an initial withdrawal, especially with a broker operating under a regulatory framework—even if the broker’s regulatory status raises some red flags. CHIEF, incorporated in Hong Kong and previously holding an SFC license (now listed as revoked), is likely to closely adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. From what I've seen and practiced, this typically means I would need to provide a government-issued photo ID, proof of address (such as a recent utility bill or bank statement), and possibly documents that verify the funding source, like a copy of the bank card or a transaction record used for deposit. With CHIEF’s withdrawal procedures routed through its proprietary “Chief Trader” app or other branded platforms, I would expect these document checks to be enforced prior to accessing funds. This is a basic but critical safeguard, both for compliance and for my own account security. However, given the broker’s “high potential risk” warning and previously revoked license, I’m always conservative about expectations and double-check the latest terms directly on their platform or through support channels. In summary, while the core requirements—ID, address, and sometimes bank documentation—generally suffice, I would never begin trading or funding without confirming all withdrawal prerequisites in advance and, ideally, running a small withdrawal to test the process as soon as an account is funded.