Trade Forex Trading

Open Account

Account Example - To open a Live Trading Account you as a trader 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 will then have to fill some online 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 as a trader can transact the following: XAUUSD, XAU/USD, Silver, Oil, CFDs, Futures and Indices.

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.

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 Trade 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 client's signature.

2. Proof of Address Location - A Colour 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 and confirming your registered residence 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 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 Get where to upload these required accompanying documents search for the option "Upload Documents". Please note that after signing up your trading account it won't get validated until you've finalized uploading these supporting 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 any funds 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're a resident citizen of the specific country that you state you are from & also a Copier of Utility Bill that proves your current location where you stay, that way you can't come up with a fake ID or some fake residence location to use for funds laundry activities.

All regulated brokers must adhere with this requirement guideline before signing up 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 Location - Color copy of bill copy, electricity bill etc. (bill with recent date, within last 3 months).

Upload above forms plus the above supporting documents color copies, you as a trader 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 and and then upload these photos from your computer.

Once your trading broker gets the online trading account opening application forms + the above documents, your sign up application will be processed and you'll be assigned a login number and a sign in password for the real account.

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

This is KYC - Know Your Customer, it is more of a legal requirement than a formality, your trading broker must comply with this policy and try & do everything so as to learn the information of who their client is, so as to safeguard against money laundering activity.

You can then use your details and particulars to sign into your MT4 platform and begin trading on this verified trading account. You can also use same sign in details & particulars to log in to your client cabinet area on the broker web-site. On the my client account area cabinet you as a trader can deposit equity, withdraw money & view reports of your broker trading account.

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 - 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. & client's signature.

2. Proof of Residence Location - 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 your registered residence 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 a digital photo camera to capture the snap shots, upload snapshots to your PC Desktop computer & then upload these supporting documents on to your account sign-in customers area on the site of your online broker

To Get where to upload these required supporting docs search for the option "Upload Documents". Please note that after registering your account it won't get validated until you've finalized uploading these accompanying documents.

Please note if you don't upload above documents your account won't be validated - Make sure you upload above required documents to get your account validated. More than 50 % of all novice traders don't succeed in opening their trading account because they fail in uploading the required accompanying documents. If you correctly upload all required supporting documents then your account will be verified and you as a trader can start trading with your account within 5 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 Documents on the Trading Account

Once you've filled out the account opening forms that your 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 as a trader 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.

The process might seem like it's simple but more than 50% of all novice traders do not succeed in opening their account because of 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 any funds 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're a residential citizen of the particular country that you state you're from and also a Copier of Utility Bill that proves your current location where you stay, that way you as a trader can not come up with a fake Identity or some fake residence location to use for funds laundering activities.

All regulated brokers must adhere with this requirement guideline before signing up a account for a new client.

Once your trading broker gets the online trading account opening application forms + the above documents, your sign up application will be processed and you'll be assigned a login number and a password for the 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:

This is KYC - Know Your Customer, it is more of a legal requirement than a formality, your trading broker must comply with 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 particulars to sign in to your MetaTrader 4 software and begin trading on this verified account. You can also use same sign in details & particulars to log in to your trader cabinet on the online broker web-site. On the my client trading account area cabinet you as a trader can deposit equity, withdraw money and view reports of your broker account.

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

Withdraw and deposit options provided from within the online traders cabin 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 & Western Union money transfer methods as illustrated and shown below.

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 Open Account - How to Register Real Account - Account Example

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