WikiFX

Sagot

Based on my experience trading with regulated brokers, especially those operating in China like Industrial Securities Futures, account verification and identity confirmation are standard procedures before an initial withdrawal. While the platform is licensed under the CFFEX and has been in operation for several years, I've observed from user reports and the available company details that aspects of transparency are limited on their public-facing materials, particularly concerning fee structures and withdrawal processes. From the incident I reviewed where a user's account was frozen and required ID verification, it is clear that providing personal identification is necessary for withdrawals. Typically, this will involve submitting a government-issued photo ID (such as a passport or national ID card), and in some cases, documents to confirm your address, like a utility bill or bank statement. The broker may request these documents to meet anti-money laundering (AML) and know-your-customer (KYC) regulations, which is a common practice in the industry and mandated by regulatory authorities such as the CSRC and CFFEX in China. Since process timelines and document requirements aren't fully detailed by Industrial Securities Futures, I prefer to err on the side of caution. I would always prepare clear, valid identification and possibly additional proof of address before attempting my initial withdrawal, to minimize delays or account issues. It's crucial to contact their customer service for up-to-date, broker-specific requirements to ensure compliance and a smoother withdrawal experience.