WikiFX

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Having traded with multiple brokers over the years, my approach to withdrawals is always very cautious, especially with platforms like nabtrade that currently lack valid regulatory oversight according to public sources. While nabtrade offers services such as domestic and international share trading, managed investments, and even a proprietary trading platform, the WikiFX research highlights that this broker is unregulated and flagged as high risk. That directly impacts what types of verification and documentation might be required. From my experience, unregulated brokers often require thorough KYC (Know Your Customer) procedures before facilitating an initial withdrawal. Normally, this includes government-issued photo identification (like a passport or driver’s license), proof of residential address (such as a recent utility bill or bank statement), and, if applicable, copies of the credit card or bank statement used for deposits. Some brokers may also ask for additional documents, especially if the withdrawal amount is significant or if there are anti-money laundering protocols in place. With nabtrade specifically, as their business registration is in Australia and they offer tax reporting for CFD earnings, I would also be prepared for possible requests for tax identification or income declarations. Given nabtrade’s unregulated status and the risk warnings present, I would advise any new client to be especially diligent in preparing standard verification documents ahead of requesting withdrawals. In my view, double-checking everything before proceeding minimizes the chances of delays or complications. I always recommend contacting their support directly and confirming their up-to-date document requirements for withdrawals, as these may change depending on internal risk controls or compliance practices. This conservative process helps protect both your funds and personal information.