WikiFX

Sagot

Drawing from my years trading forex and encountering a wide range of brokers, I must emphasize the importance of strict due diligence, especially with platforms like Proton Markets. Based on their profile, what stands out immediately is their complete lack of valid regulation and the warnings regarding high potential risk. Typically, regardless of regulation, brokers in the industry require clients to provide documents verifying their identity and address. For an initial withdrawal, it is normal for brokers to request a government-issued ID (such as a passport or driver’s license), proof of residential address (like a utility bill or bank statement), and—depending on the funding method—possibly proof of payment source (such as a copy of the debit/credit card or bank statement used for deposit). However, with Proton Markets, I notice the absence of clear information about withdrawal procedures or required documentation. This lack of disclosure is a red flag for me, as trustworthy brokers are usually transparent about these processes. My experience has taught me that where documentation requirements are vague or withheld, there is a higher risk of withdrawal complications or even potential for the broker to use documentation as a stalling tactic. Because Proton Markets is flagged for suspicious licensing and high risk, I would be especially conservative; I would not proceed or deposit funds until the company provides full, official guidelines in writing about withdrawals and the specific verification process.