Trade Forex Trading

Learn Stock Indices Trading

How to Open a Live Stock Indices Account - Step by Step Procedure

To open a Live Stock Indices Account you can go to an online broker website and open one. Once you go to the Stock Indices broker of your choice and select this option, you will then have to fill some online forms, the step by step process of filling these forms is explained in this article.

With this online trading account you can trade the following: Stock Indices, Gold, Silver, Oil, CFDs, Futures and Stock Indices.

 

Step by Step Procedure of How to Open an Online Stock Indices Trading Account

To open this live trading Stock Indices account, a trader has to fill some online forms provided by a Stock Indices broker. The account opening online form can be obtained from your online currency broker.

 

The process of opening a real Stock Indices trading account is one where your broker will also require you to upolad the following accompanying documents:

 

What Documents Are Needed To Open An Online Stock Indices Trading Account

1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.

2. Proof of Residence - Color copy of utility bil - A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.

 

You can use your mobile phone to take pictures of these documents and upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account

 

To Find where to upload these documents look for the option "Upload Documents". Please note after opening your account it will not get validated until you have completed uploading these supporting documents.


Why is a Copy of ID and Utility Bill with My Name Required?

These documents are required by your Stock Indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

All regulated Stock Indices brokers must comply with this requirement before opening a trading account for a new client.

 

Now once you have scanned or taken pictures of these Stock Indices account opening forms:

2. Proof of ID - Color copy of ID card or Passport

3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with recent date, within the last six months).

 

Upload the above forms plus the above document color copies, you can use your camera phone to take color pictures of the above documents, then download the pictures from your phone to your computer and then upload these pictures from your computer.

 

Once your online currency broker receives the online Stock Indices trading account opening application forms plus the above documents, your application will be processed and you will be assigned a login number and a login password for the live Stock Indices trading account.

 

Once you upload these documents your account will then be validated. Your login details will be sent to your email address. An example of a validated account is shown below:

 

This is KYC - Know Your Client, its more of a legal requirement than a mere formality, your broker must follow this policy and try to do everything to know who their client is, in order to safeguard against any money laundering activity.

 

You can then use your details to log into your MetaTrader 4 platform and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the Stock Indices broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your Stock Indices broker account.

 

Regulated Broker

 

Step by Step Procedure of How to Open an Online Stock Indices Trading Account

To open this Stock Indices account, a trader has to fill some online forms provided by a Stock Indices broker. The account opening online form can be obtained from your online currency broker.

 

The process of opening a real Stock Indices trading account is one where your broker will also require you to upload the following accompanying documents:

 

What Documents Are Needed To Open An Online Stock Indices Trading Account

1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.

2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.

 

You can use your mobile phone to take pictures of these documents and upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account

 

To Find where to upload these documents look for the option "Upload Documents". Please note after opening your account it will not get validated until you have completed uploading these supporting documents.

 

Please note if you do not upload the above documents your account will not be validated - Make sure you upload the above documents to get your account validated. More than 50% of all new traders do not succeed in opening their Stock Indices account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your account will be validated and you can start trading with your account within 5 minutes. Just take a color picture of these two documents with your smart phone and upload these directly to your Stock Indices broker website using your mobile phone browser.


Where To Upload Documents on The Stock Indices Account

Once you have filled the account opening forms that your broker will have provided you with, you will get access to the your trader cabinet: This will now be your Stock Indices account.


The "Upload Documents" Button can then be accessed from within this trader cabinet and as a trader you can upload your docomuents using this button.


Once you complete uploading the correct documents on the "Account Verification" on your account will reflect as Validated and you can then start trading on this account.


This process may seem simple but more than 50% of all new traders do not succeed in opening their Stock indices trading account because they fail to upload the required accompanying documents.


Why is a Copy of ID and Utility Bill with My Name Required?

These documents are required by your Stock Indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

All regulated Stock Indices brokers must comply with this requirement before opening a trading account for a new client.

 

Once your online currency broker receives these online account opening application forms plus the above documents, your application will be processed and you will be assigned a login number and a password for the live Stock Indices trading account.

 

Once your uploaded documents are approved by your broker - your account will then be validated. Your login details will be sent to your email address. An example of a validated account is shown below:

 

This is KYC - Know Your Client, its more of a legal requirement than a mere formality, your broker must follow this policy and try to do everything to know who their client is, in order to safeguard against any money laundering activity.

 

You can then use your details to log into your MetaTrader 4 platform and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the Stock Indices broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your Stock Indices broker account.

 

Trader Cabinet

The FX account trader cabinet is a client area where once a trader opens a live account, then they can login to this trader cabinet and do the following operations; deposit money, withdraw money, generate trade reports, upload documents and get to view the balance of their trading transactions as shown below.

 

 

Bonus on Deposit and Loyalty Bonus

50% deposit bonus up to $500 dollars and

20% deposit bonus up to $5,000 dollars bonus is given on opening an account.

Forex Trading Bonus Up To $5,000

 

Members Area - Loyalty Points

Trader cabinet area for obtaining loyalty trading points for lots traded. Loyalty points can then be used as addition credit balance for placing trades.

(New) Loyalty bonus points are given for every lot transacted

For every lot you trade you get up to 20 XMP loyalty points, 20 XMP points divide by 3 equals $6.67 credit bonus for every lot that you trade.

20 XMP is for traders who have opened an account with XM for more than 100 days and have been trading for the 100 days, a trader must make a minimum of 1 trade transaction every month to qualify for the XMP loyalty points - All traders start at 10XMP, after the first month they move to 13XMP, after the second month they move to 16XMP and after 100 days move to 20XMP.

 

Traders Cabinet Members Area for Making Deposits and Withdraws Request

Withdraw and deposit options provided from within the traders cabinet where traders can deposit and make withdraws from the various options provided, for example; Credit Card, Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer methods as shown below.

 

Open a live account - As you complete this learn Stock Indices course, open an account early as it only takes a few minutes to open and validate your account early.

 

 

Specifications of Stock Indices

The specifications of the stock indices provided for trading are shown below:

 

  1. Australia ASX 200

    Symbol - AUS200Cash

    Pip(1 Point) - 0.1

    Pip Value - AUD 0.1

    Margin Per Lot - AUD 70

  2. EU EURO STOXX

    Symbol - EU50Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 40

  3. France CAC 40

    Symbol - FRA40Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 40

  4. Germany DAX 30

    Symbol - GER30Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 85

  5. Hong Kong Hang Seng 50

    Symbol - HK50Cash

    Pip(1 Point) - 1

    Pip Value - HKD 1

    Margin Per Lot - HKD 450

  6. Italy FTSE MIB 40

    Symbol - IT40Cash

    Pip(1 Point) - 1

    Pip Value - EUR 1

    Margin Per Lot - EUR 250

  7. Japan Nikkei 225

    Symbol - JP225Cash

    Pip(1 Point) - 1

    Pip Value - JPY 1

    Margin Per Lot - JPY 90

  8. Netherlands AEX 25

    Symbol - NETH25Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 5

  9. Spain IBEX 35

    Symbol - SPAIN35Cash

    Pip(1 Point) - 1

    Pip Value - EUR 1

    Margin Per Lot - EUR 140

  10. Switzerland SMI 20

    Symbol - SWI20Cash

    Pip(1 Point) - 0.5

    Pip Value - CHF 0.5

    Margin Per Lot - CHF 100

  11. UK FTSE 100

    Symbol - UK100Cash

    Pip(1 Point) - 0.1

    Pip Value - GBP 0.1

    Margin Per Lot - GBP 70

  12. USA S&5 500

    Symbol - US100Cash

    Pip(1 Point) - 0.1

    Pip Value - $ 0.1

    Margin Per Lot - $30

  13. USA NASDAQ 100

    Symbol - US30Cash

    Pip(1 Point) - 0.5

    Pip Value - $ 0.5

    Margin Per Lot - $150

  14. USA DJIA 30

    Symbol - US500Cash

    Pip(1 Point) - 0.1

    Pip Value - $ 0.1

    Margin Per Lot - $12

 

Stock Indices Trading Market Hours

 

Stock Indices Market Hours

MT4 Server time - GMT +2 (All Times Below are GMT +2)

INDICES Instrument

Monday Open

Friday Close

Australia 200

1:05

22:55

EU Stocks 50

9:05

22:55

France 40

1:05

23:00

Germany 30

1:05

23:00

Hong Kong 50

3:20

17:40

Italy 40

10:05

18:35

Japan 225

1:05

23:55

Netherlands 25

1:05

23:10

Spain 35

10:05

20:55

Switzerland 20

9:05

22:55

UK 100

1:05

23:10

US 500

1:05

23:55

US Tech 100

1:05

23:55

Wall Street 30

1:05

23:55

Poland FX Seminar Gala

XM Account Holders Attend Poland FX Seminar

Malaysia Seminar

XM Account Holders Phillipines Seminar

XM Account Holders Thailand Seminar

XM Account Holders Hungary Seminar

Silver and Gold Online Trading

Regulated Broker