WikiFX

Reply

In my experience as a forex trader, when dealing with brokers such as SIBL—especially one based in Bangladesh, with no valid regulatory oversight and a low trust score—I always take extra precautions with document submissions. While SIBL does not provide explicit public guidelines about withdrawal protocols, my standard procedure is to prepare core documents that most brokers require to process initial withdrawals. Typically, this includes a government-issued photo ID (like a passport or national identification card), proof of address (such as a recent utility bill or bank statement), and potentially a copy of the bank card or payment method used for the deposit. However, given SIBL’s lack of regulatory backing and high risk warnings from independent resources, I would be particularly careful and document every step of communication. I also avoid sending sensitive personal information until I have thoroughly verified contact channels—using their official website and provided email addresses. My rationale is that rigorous verification on both sides helps protect against fraud and misunderstandings, particularly with unregulated brokers where recourse is limited if issues with withdrawals arise. Ultimately, I approach initial withdrawals with SIBL conservatively and maintain detailed records until my funds are fully received.