Trade Forex Trading

How Do You in Trading XAUUSD Open a Real XAUUSD Account on MetaTrader 5?

To open a Gold MT5 demo xauusd account you should follow the procedure below:

How to Open a Real Trading Account on MT5

  • Download MT5 XAUUSD Platform
  • Install MT5 XAUUSD Platform on your Computer.
  • Open MT5 XAUUSD Platform on your Computer.
  • Click on the File Menu & Choose Open an Account
  • Select The Real Trading Account Option
  • Fill in the real account opening forms
  • Enter you account log in credentials for the Demo practice account
  • Trade XAUUSD Trading from the free MT5 gold charts provided

How to Open a Real XAUUSD Account in MetaTrader 5

To open a Real MT5 Trading Account from your trading file menu on the MT5 platform in the Accounts menu choose the Open a new account option and then you can open an account - a demo xauusd account or real account option is provided & you can open the type of account you want. You'll then have to fill an account signup forms.

Gold Procedure

To open a MT5 account you can go to MT5 brokers website and open one. Once you go to the broker of your choice & choose this option, you'll then have to fill some online forms, the xauusd step by step process of filling these forms is explained in this guide.

With this online MetaTrader 5 trading account you can trade the following: XAUUSD, XAUUSD, Silver, Oil, CFDs, Futures and Stock Indices.

XAUUSD Procedure of How to Open an Online MT5 account

To open this live gold trading account, a trader has to fill some online forms provided by a gold trading broker. The account opening online form can be obtained from the MT5 platform broker. On the Accounts menu provided on the File menu in the MT5 platform - choose the Open a new account option and then you can open an account - a demo xauusd account or real account option is provided & you can open the type of account you want. You'll then have to fill an account signup forms.

The process of opening a real gold account is one where your xauusd broker will also require you to upload following required supporting documents:

What Documents Are Required to Open An Online XAUUSD Account?

1. Proof of ID - Color copy of ID document or Passport - A color copy of valid passport or other official identification document that's issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have client's full name, an issue or expiry date, client's place & date of birth or tax identification number & 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 last 6 months & confirming your registered address.

You can use your mobile phone to take the photos of these documents & upload them direct from your mobile phone(this is best option when opening a gold trading account). Alternatively, use digital camera to take snap shots, upload pictures to your PC computer and 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 that after opening your xauusd account it will not get verified until you've completed uploading these supporting documents.

Why is a Copy of Identity Card and Utility Bill that Has My Name Required?

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

All regulated xauusd brokers must comply to this requirement before opening a xauusd account for a new client.

Now once you have scanned or taken pictures of these xauusd trading account opening forms:

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

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

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

Once your online xauusd broker receives the online xauusd trading account opening application forms plus the above documents, your application will be processed and you will be given login account number & a log in password for the live gold 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. Example of a verified account is illustrated & shown below:

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

You can then use your details to log into your MT5 platform & begin trading on this validated account. You can also use same login details to log in to your trader cabinet on the broker site. On the myaccount area trader cabinet you can deposit money, withdraw money and view trading reports of your xauusd broker account.

Gold Procedure of How to Open an Online XAUUSD Account

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

The process of opening a real gold account is one where your xauusd broker will also require you to upload the following required documents:

What Documents Are Required to Open An Online Gold Account?

1. Proof of ID - Color copy of ID document or Passport - A color copy of valid passport or other official identification document that's issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have client's full name, an issue or expiry date, client's place & date of birth or tax identification number & 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 last 6 months & confirming your registered address.

You can use your mobile phone to take the photos of these documents & upload them direct from your mobile phone(this is best option when opening a gold trading account). Alternatively, use digital camera to take snap shots, upload pictures to your PC computer and 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 that after opening your xauusd account it will not get verified until you've completed uploading these supporting documents.

Please note if you do not upload above documents your account won't be verified - Make sure you upload above documents to get your account verified. More than 50% of all new traders don't succeed in opening their xauusd trading account because they fail to upload required accompanying documents. If you correctly upload all the required accompanying documents then your account will be verified & you can start trading with your account within 5 minutes. Just take color photo of these 2 documents with your smart-phone and upload these docs direct to your xauusd broker website using your mobile phone browser.

Where to Upload Copies of Documents on the XAUUSD Account

Once you've filled the account signup form that your xauusd trade broker will have provided you with, you will get access to your myaccount area client cabinet: This will now then be your gold trading account.

The 'Upload Documents' Button can then be accessed from within this myaccount area myaccount area client cabinet & as a trader you can upload your documents using this button key.

Once you finish uploading correct documents on 'Account Verification' on your account will reflect as Validated & you can then start trading on this gold account.

This process may seem simple but more than 50 % of all new traders don't succeed in opening their xauusd trading account due to failure to upload required accompanying documents.

Why is a Copy of Identity Card & Utility Bill with My Name Required?

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

All regulated xauusd brokers must comply to this requirement before opening a xauusd account for a new client.

Once your online xauusd broker receives these online account opening application forms plus the above documents, your application will be processed & you'll be given login account number & a password for the live gold trading account.

Once your uploaded documents are approved by your gold trading broker - your account will then get verified. Your login details will be sent to your email address. Example of a verified account is illustrated & shown below:

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

You can then use your details to log into your MT5 platform & begin trading on this validated account. You can also use same login details to log in to your trader cabinet on the broker site. On the myaccount area trader cabinet you can deposit money, withdraw money and view trading reports of your xauusd broker account.

Gold Traders Cabinet Members Area for Making XAUUSD Account Deposit & Withdraw Request

How Do You deposit money from xauusd? - How Do I withdraw money from xauusd?

Withdraw and deposit options provided from within the traders cabinet area where traders can deposit & 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 techniques as shown below.

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