Trade Forex Trading

Open Account

Account Example - To start a real trading account, you can visit a broker's website and begin an account. After you go to the broker you prefer and choose to open a Real Account, you will need to complete some account registration forms online, and the xauusd step by step way of completing these account registration forms is shown in this Open Live Account Lesson Tutorial - Account Example.

Versatile Online Account Offerings: Trade instruments like XAU/USD, Silver, Oil, CFDs, Futures, and Indices seamlessly.

XAUUSD Procedure of How to Open an Online Trading Account

To sign up this live/real account, a trader has to fill some online account opening form provided by a online broker. The account sign up form can be obtained from your broker.

To create a real gold account, the broker will also require you to provide and upload these documents, as they are necessary for the process:

Which Docs Are Needed to Open An Trade Account?

1. Proof of ID - Color copy of ID or passport. Use a color scan of official ID, valid passport, or other government document like a driver's license or identity card. It must show full name, issue or expiry date, birth place and date or tax ID, and signature.

2. Proof of where you live - A bright, clear copy of a bill - A bill that is recent, showing your address (like an electric, phone, water, gas, internet, pay TV, or bank statement) from the last three months, proving where you officially live.

You can utilize your phone to snap the photos of these documents and upload direct from your phone device(this is the best option when registering a trading account). Alternatively, use a digital photo camera to capture the snap shots, upload snapshots to your PC Desktop computer and and then upload these saved documents on your account

To find where to upload the papers you need, look for the words "Upload Documents." Remember that your trading account won't be approved until you finish uploading these supporting papers after you sign up.

Why is a Copy of My ID and Utility Bill that Have My Name on Them Being Needed?

Brokers need these papers to stop money laundering. AML rules make all brokers check identity and home proof with your name. This confirms you live in the country you claim. A utility bill copy shows your real address. It blocks fake IDs or addresses used for laundering cash.

All licensed brokerages are mandated to comply with this regulatory standard before onboarding a new client account.

Now once you've scanned or taken pictures of these account registration forms:

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

3. Verification of Residency Document - A color photocopy of a utility bill, such as for electricity, dated recently (within the last three months).

Upload the forms mentioned above along with color copies of the supporting documents: you can use your phone to take color pictures of these documents, then move the pictures from your phone to your computer and upload them.

After your brokerage receives the signed application documents along with the aforementioned paperwork, your registration will be processed, and you will subsequently be issued a unique login ID and password for your live trading account.

After you upload the necessary documents, your account will be verified. Your login credentials will be sent to your email address.

KYC means Know Your Customer. It is a legal must-do, not just a form. Brokers must follow it to learn about clients and stop money laundering.

You can then utilize your provided credentials to log into your MT4 trading platform and commence trading on this validated account. These identical login details also grant access to your broker's client cabinet area on their website. Within this personalized account management section, you can fund your account, initiate withdrawals, and review your comprehensive trading statements.

XAUUSD Procedure of How to Open an Online Trading Account

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

Process of signing up a live gold account is one which the broker will also need you to upload following required docs:

Which Documents Are Needed to Open An Trade Account?

1. Proof of ID - A color copy of an identity document or passport is required. This document must be an official identification or valid passport, or any other document issued by authorities (for example, a driver's license or identity card). The ID document must include the trader's full name, an issue or expiry date, the customer's place and date of birth, or tax ID number, along with the client's signature.

2. Evidence of Residency Color copy of bill copy - A Recent dated bill (e. g. Electricity, phone, water, gas Internet &/or pay TV connection, bank account statement) dated within the last three months & confirming the address of your registered residence.

You can take photographs of your documents with your phone and upload them directly during the account registration process, which is the most convenient approach. Alternatively, you can use a digital camera to take pictures, transfer these images to your desktop, and then upload the necessary documents on your broker's client area.

Look for the Upload Documents option to add needed files. Know this: your account stays unverified until you finish uploading them after signup.

Be advised: failure to furnish the aforementioned documents will prevent your account from being validated - ensure you submit the necessary paperwork for your account to be processed. Over fifty percent of inexperienced traders fail to successfully open their trading accounts precisely because they neglect to upload the required supporting documentation. If you correctly upload every piece of required supporting documentation, your account will be verified, allowing you to begin live trading within five minutes. Simply take clear, color photographs of these two documents using your smartphone and upload them directly to your broker's website via your mobile web browser.

Where to Upload Copies of Documents on the Trading Account

After the submission and approval of the account opening paperwork provided by your broker, you will secure access to your personalized client cabinet area (myaccount): this area will henceforth serve as your primary account portal.

In the client area, click the "Upload Documents" button to add your proof files as a gold trader.

After you upload the needed documents for account validation, your status changes to Validated. Now you can start trading on that account.

Opening an account may seem straightforward, but more than half of novice traders struggle to succeed due to errors in uploading required supporting documents.

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

Your broker requires specific documents to prevent money laundering activities. The Anti Money Laundering (AML) regulations require all online trading platforms to request proof of identity and residency. This proof must display your name to confirm that you are a resident of the country you claim to be from. Additionally, a utility bill is needed to verify your current address, ensuring that you cannot provide a fictitious identity or residence for money laundering purposes.

All licensed brokerages are mandated to comply with this regulatory standard before onboarding a new client account.

After your trading broker gets the online forms for opening a trading account and the documents mentioned above, they will process your application and give you a login number and password for your real account.

Once the up-loaded documents are validated by your online broker - your account then will get verified. Your log in authorization logon details will be sent to your EMail address. Explanation of a validated account is illustrated/shown below:

KYC means know your customer. Brokers must follow it to check client details and stop money laundering.

Use your login info to enter MetaTrader 4 and trade on your verified account. The same details work for your broker's website cabinet. There, you can add funds, pull out money, and check account reports.

Traders Cabinet Members Area for Making Trade Account Deposit and Withdraw Request

You can deposit and withdraw funds right from the online traders' cabin area. There are plenty of options - Credit Card, Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram, Western Union, and more (see below for details).

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

How to Open Account - How to Register Real Account

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