Trade Forex Trading

Open Account

Account Example - To open a Live Trading Account you can go to an broker website & open Account. Once you go to the broker of your choice and select this option of opening a Real Account, you'll then have to fill some online trading account signing up forms, the xauusd step by step procedure of filling these account opening forms is explained in this Open Live Account Lesson Tutorial - Account Example.

With this online account you can transact the following: XAUUSD, XAUUSD, Silver, Oil, CFDs, Futures & Stock Indices.

XAUUSD Procedure of How to Open an Online Trading Account

To register this real account, one has to fill some online account registration form provided by a online broker. The account registration online form can be obtained from your broker.

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

Which Docs Are Needed to Open An Trading Account?

1. Proof of ID - Colour copy of ID or Passport - A color copy of official identification or valid passport doc or any other doc which is issued by authorities (example. Driver's license, identity card, etc). Identity document must include trader's full name, an issue or expiry date, customer's place and date of birth or tax Identity No. And customer's signature.

2. Proof of Residence - A Colour copy of utility bill - A Recent dated bill (e.g. Electricity, phone, water, gas Internet and/or pay TV connection, bank account statement) dated within the last Three months and confirming your registered address location.

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 digital camera to take snap shots, upload snapshots to your PC Desktop computer and then upload these saved documents on to your account

To Find where to upload these required accompanying docs search for the option "Upload Documents". Please note that after signing up your trading account it will not get validated until you've finalized uploading these accompanying documents.

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

These supporting documents are required by your broker to safe-guard against equity laundering. AML, or Anti Money Laundering Rules entail that all brokers ask proof of Identity & Residence which has your names so that to certify that you are a resident citizen of the specific country that you state you are from & also a Copy of a Utility Bill that proves your current location where you stay, that way you cannot come up with a fake ID or some fake residence to use for money laundry activities.

All regulated brokers must comply to this requirement prior-to registering a account for a new client.

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

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

Once your broker gets the online trading account registration application forms in addition to the above documents, your registration application will be processed & you'll be assigned a login number and a sign in password for the live account.

Once you upload these accompanying docs your account will then be verified. Your log in credentials will be sent to your E-Mail address.

This is K.Y.C. - Know Your Customer, it's more of a legal requirement than a mere formality, your online broker must adhere to this policy & try and do everything in order to learn the info of who their client is, so as to safeguard against money laundry activity.

You can then use your details to sign into your MetaTrader 4 platform and begin trading on this verified trading account. You can also use same sign in details to log in to your client cabin area on the broker site. On the my client trading account area cabin you can deposit equity, withdraw money and view reports of your broker trading account.

XAUUSD Procedure of How to Open an Online Trading Account

To open this account, one has to fill some online account registration form provided by a online broker. The account registration online 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 Trading Account?

1. Proof of ID - Colour copy of Identity or Passport - A color copy of official identification or valid passport doc or any other doc which is issued by authorities (example. Driver's license, identity card, etc). ID doc must include trader's full names, an issue or expiry date, customer's place & date of birth or tax ID No. & customer's signature.

2. Proof of Residence - Color copy of utility bill - A Recent dated bill (e.g. Electricity, phone, water, gas Internet and/or pay TV connection, bank account statement) dated within the last Three months & confirming your registered address location.

You can utilize your phone to snap the photos of these documents & upload direct from your phone device(this is the best option when registering a trading account). Alternatively, use digital camera to take snap shots, upload snapshots to your PC Desktop computer & then upload these supporting documents on to your account sign-in clients area on the site of your broker

To Find where to upload these required accompanying docs search for the option "Upload Documents". Please note that after signing up your trading account it will not get validated until you've finalized uploading these accompanying documents.

Please note if you don't upload above documents your account will not be verified - Make sure you upload above required documents to get your account validated. More than 50 percent of all beginner traders don't succeed in opening their trading account because they fail to upload required accompanying documents. If you correctly upload all required supporting documents then your account will be verified and you can start trading with your account within five minutes. Just take colour photo of these 2 documents with your smart-phone and upload these docs directly to your broker website using your phone browser.

Where to Upload Copies of Docs on the Trading Account

Once you've filled out the account opening forms that your online broker will have given you, you'll get access to your myaccount area client cabinet area: This will now then be your account.

"Upload Documents" Button Key can then be accessed within this client cabin area and as a gold trader you can upload your supporting documents using this button.

Once you complete uploading the required supporting documents on "Account Validation" on your account shall display as Validated and you then can begin trading on this account.

This process might seem simple but more than 50% of all novice traders do not succeed in opening their trading account due to failure to upload the required supporting documents.

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

These documents are required by your broker to safe-guard against equity laundering. AML, or Anti Money Laundry Guidelines entail that all online brokers ask proof of Identity & Residence which has your names so as to certify that you are a residential citizen of the particular country that you state you're from and also a Copy of a Utility Bill that proves your current location where you stay, that way you cannot come up with a fake Identity or some fake residence to use for money laundering activities.

All regulated brokers must comply to this requirement prior-to signing up a account for a new client.

Once your online broker gets the online trading account registration application forms in addition to the above documents, your registration application will be processed & you'll be assigned a login number and a password for the live account.

Once the up-loaded docs are validated by your online broker - your account will then get verified. Your log in authorization details will be sent to your E-Mail address. Example of a verified account is illustrated & shown below:

This is K.Y.C. - Know Your Customer, it is more of a legal requirement than a mere formality, your broker must adhere to this policy and try & do everything to know info of who their client is, so as to safeguard against money laundering activity.

You then can use your details to sign in to your MT4 platform & begin trading on this verified trading account. You can also use same sign in details to log in to your trader cabin on the broker site. On the my client trading account area cabin you can deposit equity, withdraw money & view reports of your online broker trading account.

Traders Cabinet Members Area for Making Trading Account Deposit & Withdraw Request

Withdraw and deposit options provided from within the traders cabinet area where traders can deposit and make withdraws from the different options provided, for example: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer techniques as illustrated below.

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

How to Open Account - How to Open Account - How to Open Live Account - Account Example

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