Commodity Guide for Sign up Live Trading Account Commodities Trading Account
Commodity Trading Procedure of Sign up Commodities Trading Broker Account
How to Open Commodities Trading Account
To open a Commodity Trading Account you can go to a broker site & open a Commodity Trading Account. Once you go to the broker of your choice & select this Commodity Trading Account Sign up option, you'll then have to fill some online forms, the commodity trading step by step process of filling these commodity account signing up forms is described in this tutorial - Sign up Commodity Account - Sign up Commodity Trading Account Sign up Procedure.
With this Sign up Commodity Trading Account you can trade the following: Commodity Trading, Commodity Trading, Silver, Stock Indices, Oil, Futures and CFDs.
Commodity Guide of How to Open Commodities Trading Account
To open this real commodities trading account, a trader has to fill some commodity account sign up forms provided by a commodities trading broker. The commodity trading account sign up form can be obtained from your commodities trading broker.
Process of signing up for a Commodity Account is one where your commodities broker will also need you upload the following accompanying supporting documents:
What Documents Are Needed To Open A 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 saved documents on to your account
To Get to where to upload the required supporting documents search for the option "Upload Documents". Please note that after signing up for your account it won't get to be validated until you've completed uploading these supporting document copies.
Why is a Copy of ID & a Copy of Utility Bill Document with My Name On It Required?
These documents are required by your commodities broker to safeguard against money laundering. AML, or Anti Money Laundering Rules require that every online broker asks for proof of ID & Residence which has your name so that to verify & certify that you're a resident citizen of the country that you state that you originate from as well as a Utility Bill copy that confirms your details of 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 before signing up for a commodities account for a new client.
Now once you have scanned or taken pictures of these commodity trading account sign up forms:
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 forms 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 commodity broker receives the commodity trading account sign up application forms plus above documents, your application will be processed and you'll be assigned a log in account number & a log in password for the Commodity Trading Account.
Once you upload these required accompanying documents your account will then get verified. Your login details will be sent to your email address. An example of a validated commodities trading account is 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 commodities trading software & begin trading on this verified commodity trading account. You can also use the same commodity login credentials to sign 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.
Commodities Guide of How to Open Commodity Trading Account
To open this commodities trading account, a trader has to fill some account sign up forms provided by a commodities trading broker. The commodity trading account sign up form can be obtained from your commodity broker.
Process of signing up for a Commodity Account is one where your commodities broker will also need you upload the following accompanying supporting documents:
What Are The Documents Which Are Required To Sign Up 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 Get to where to upload the required supporting documents search for the option "Upload Documents". Please note that after registering for your account it won't get to be validated until you've completed uploading these supporting document copies.
Please note if you do not upload the above required documents your commodity trading account won't be verified - Make sure you upload the above documents to get your account verified. More than 50% of all new traders do not succeed in signing up & signing up for their commodity trading account because they fail to upload required supporting documents. If you correctly upload all the accompanying documents then your trading account will be verified & you can start trading with your trading account within five minutes. Just take color photo of these 2 documents with your smartphone & upload these docs direct to your commodities broker site using your phone browser.
Where To Upload Documents on The Commodity Trading Account
Once you've filled and Submitted account sign up forms 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 beginner traders do not succeed in signing up & signing up for their commodity trading account due to the reason that they fail to upload required supporting documents.
Why is a Copy of My ID and a Copy of Utility Bill Document that Has My Name Required?
These documents are required by your commodities broker to safeguard against money laundering. AML, or Anti Money Laundering Rules require that every online broker asks for proof of ID & Residence which has your name so that to verify & certify that you're a citizen of the country that you state that you originate from as well as a Copy of Utility Bill copy that confirms your details of 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 commodities brokers must comply to this requirement before signing up for a commodities account for a new client.
Once your commodity broker receives these commodity trading account sign up application forms plus above documents, your application will be processed and you'll be allocated a log in account number & a password for the real commodities trading account.
Once your uploaded documents are approved by your commodity broker - your commodity trading 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.
Commodities Traders Cabinet Members Area for Making Commodity Account Deposits and Withdraws Request
Withdraw and deposit options provided from within the traders cabinet area where traders can deposit & make withdraws from various options provided, for examples: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller & Western Union money transfer methods as displayed below.
