Open How to Open a Commodity Trading Account
Open Commodity Trading Account Procedure
How to Open a Commodity Account - To open a Commodity Trading Account you can go to an online commodities broker web site & open Commodity Trading Account. Once you go to the broker of your choice & select this option of opening a Commodity Account, you'll then have to fill some online Commodity Trading Account Signup Form, commodity trading step by step process of filling these commodities account - Commodity Trading Account Opening Form is explained in this Open Commodity Trading Account Tutorial Lesson - Commodity Trading Account Sign up.
With this online trading account you can trade the following: Commodity Trading, Online Stocks, Commodity Trading, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open a Commodities Trading Account
To open this commodities trading account, a trader has to fill some online Commodity Account Registering Form provided by a commodities trading broker. The Commodity Trading Account Opening Form can be obtained from your online commodities trading broker.
Sign Up Commodity Trading Account Procedure
The process of opening a commodities account is one where your commodities broker will also need you upload the following required supporting documents:
How to Open a Commodities Trading Account
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that is 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 & date of birth or tax identification number and the client's signature.
2. Proof of Residence Location - Color copy of a utility bill - A recent utility bill (e.g. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within the last Six months and validating your registered address.
You can use your phone to take the photos of these documents and then upload them directly from your phone(this is best option when registering a commodities trading account). Alternatively, use a digital camera, upload the pictures to your PC desktop computer & then upload these saved documents on to your account
To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note after opening your commodity trading account it'll not get to be verified until you have completed uploading these supporting document copies.
Why is a Copy of Identity Card and a Copy of Utility Bill with My Name Required?
These documents are required by your commodities broker to safe-guard against money laundering. AML, or Anti Money Laundering Regulations require that all commodity brokers request proof of ID & Residence with your name so that to verify that you're a resident of the country you state you're from as well as a Utility Bill that confirms your exact location where you reside, this way you cannot come up with a fake identity or fake residence to use for money laundering.
All regulated commodity brokers must comply with this requirement prior to opening a commodities account for a new client.
Now once you have scanned or taken pictures of the Commodity Account Opening Form:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence Details - A Color copy of utility bill, electricity bill etc. (bill with a recent date, dated within the last six months).
Upload the above Commodity Trading Account Opening Form plus above document color copies, you can use your camera phone to take the color pictures of the above documents, then download the pictures from your mobile phone to your Desktop computer PC and then upload these pictures from your computer.
Once your online commodity broker receives the online Commodity Account Opening Form plus the above documents, your application will be processed and you will be assigned a commodity log in number & a commodity log in password for the commodities trading account.
Once you upload these supporting documents your commodity trading account will then get verified. Your commodity sign in credentials will be sent to your e-mail address.
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your commodity broker must follow this policy & try to do everything to know who their client is, so as to guard against money laundering activities.
Open Commodity Trading Account Procedure
You can then use your details to log into your MT4 platform and begin trading on this verified account. You can also use the same login details to log in to your trader cabinet on the broker web site. On the trader cabinet you can deposit money, withdraw money & view trading reports of your commodities trading broker account.
Online Commodity Trading Account Registration
To open this commodities trading account, a trader has to fill some online Commodity Account Registering Form provided by a commodities trading broker. The Commodity Trading Account Opening Form can be obtained from your online commodity broker.
The process of opening a commodities account is one where your commodities broker will also need you upload the following required supporting documents:
Open Commodities Trading Account Procedure
What Documents Are Required To Open An Online Commodity Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that is 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 & date of birth or tax identification number and the client's signature.
2. Proof of Residence Location - Color copy of a utility bill - A recent utility bill (e.g. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within the last Six months and validating your registered address.
You can use your phone to take the photos of these documents and then upload them directly from your phone(this is best option when registering a commodities trading account). Alternatively, use a digital camera, upload the pictures to your PC desktop computer & then upload these supporting documents on to your commodities trading account log in clients area on the web site of your commodity broker
To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note after opening your commodity trading account it'll not get to be verified until you have completed uploading these supporting document copies.
Please note if you do not upload the above required documents your commodity trading account will not be validated - Make sure you upload the above required documents to get your commodity account validated. More than 50% of all new commodity traders don't succeed in opening their commodity trading account because they fail to upload required supporting documents. If you correctly upload all the required documents then your commodity trading account will be verified & you as a trader can use begin trading with your trading account within 5 minutes. Just take color picture of these two documents with your smartphone & upload these directly to your commodities trading broker website using your mobile phone browser.
Sign Up Commodities Trading Account Procedure
Where To Upload Documents on The Commodities Trading Account
Once you've filled the Commodity Account Signup Form that your commodities broker will have provided you with, you will get access to the client cabinet: This will then now be your commodities trading account.
The "Upload Documents" Button can then be accessed from within this client cabinet & as a trader you can upload your documents using this button key.
Once you complete uploading correct documents on the "Account Verification" on your account will reflect as Validated & you can then start trading on this commodities trading account.
This process might seem simple but more than 50 % of all new commodity traders don't succeed in opening their commodity trading account due to the reason that they fail to upload required supporting documents.
Why are Copies of My Identity Card & a Copy of Utility Bill that Have My Name Required?
These documents are required by your commodities broker to safe-guard against money laundering. AML, or Anti Money Laundering Regulations require that all commodity brokers request proof of ID & Residence with your name so that to verify that you're a resident of the country you state you're from as well as a Utility Bill that confirms your exact location where you reside, this way you cannot come up with a fake identity or fake residence to use for money laundering.
All regulated commodity brokers must comply with this requirement prior to opening a commodities account for a new client.
Once your online commodity broker receives these online Commodity Account Opening Form plus the above documents, your application will be processed and you will be assigned a log in number & a password for the commodities trading account.
Once your uploaded documents are approved by your commodity broker - your account will then get verified. Your login details will be sent to your email address. An example of a validated account is illustrated and shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your commodity broker must follow this policy & try to do everything to know who their client is, so as to guard against money laundering activities.
You can then use your details to log into your MT4 platform and begin trading on this verified account. You can also use the same login details to log in to your trader cabinet on the broker web site. On the trader cabinet you can deposit money, withdraw money & view trading reports of your commodities trading broker account.
Commodity Traders Cabinet Members Area for Making Commodities Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders cabinet area where traders can deposit and make withdraws from the various options provided, for examples: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer methods as shown below.
Open a account - As you complete this learn Commodity Trading course, open an account early as it only takes a few minutes to open & validate your account early.
How to Open Commodity Account Procedure - How to Open a Commodity Trading Account - How to Register Commodity Account - Opening Commodity Account Procedure - Commodity Trading Account Sign up
