Open Live Account

XAUUSD Procedure of Open Online Broker Trading Account

How to Open Live Account

To open a Open Account you as a gold trader can go to a broker website and open a Real Account. Once you as a trader go to broker of your choice & choose this Live Account Open option, you will then have to fill some forms, the xauusd step by step procedure of filling these forms is described in this article - Open Account - Open Account Open Procedure.

With this Open Live Account you as a gold trader can trade the following: XAU USD, XAU/USD, Silver, Indices, Oil, Futures & CFDs.

XAUUSD Method of How to Open Trade Account

To sign up this live account, a trader has to fill some account Open forms provided by a online broker. The account Open form can be gotten from your broker.

The process of opening a Real Account is one which your broker will require you to also upload the following accompanying document copies:

What Docs Are Required To Open A Account?

1. Proof of ID - Colour copy of Identity doc or Passport - A colour copy of valid passport or other official ID document that's issued by authorities (example. Driver's license, identity card, etc). The ID doc include client's full names, an issue or an expiry date, client's place & date of birth or tax Identity No. And trader's signature.

2. Proof of Residency - A Color copy of utility bill - Recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or pay TV connection, bank account statement) dated within the last 3 months and confirming your registered address location.

You can use your mobile phone device to take the photos of these docs and upload them direct from your phone(this is best option when registering a trading account). Alternatively, use digital photo camera to take snap-shots, upload pictures to your desktop PC computer and then upload these saved docs on to your account

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

Why are Copies of My Identity & a Copy of Utility Bill Document that has My Names Needed?

These docs are required by your broker to guard against any money laundering. AML, or Anti-Money Laundry Guidelines require online brokers request for proof of Identity and Residential with your full name so that to validate that you are a residential citizen of the particular country which you say you are from and also a copy of Utility Bill that highlights your precise current residence location, that way you can't create and come up with a fake identity or a residence to use for money laundering.

All regulated brokers must comply and adhere with this guideline before and prior to signing up a account for a new client.

Now once you have scanned or taken images of these account Open forms:

2.Proof of ID - Coloured copy of ID card or Passport

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

Upload the above forms in addition to the above document colored copies, you as a Gold trader can use your camera phone to take color photos of the above docs, then download the pictures from your mobile phone to your pc desktop computer and then upload these photos from your computer.

Once your broker receives the trading account Sign up application forms in addition to above document copies, your registration application will be processed and you'll be assigned a login number and a login password for the Real Account.

Once you upload the required supporting documents your account will then get verified. Your log in authorization logon details will be sent to your E Mail address. An example illustration of a validated/verified account is shown below:

This is KYC - Know Your Client, it's more of a legal obligation requirement than a formality, your broker must adhere to this rule & try & do everything to know who their client is, so as to guard against any money laundering activity.

You can then use your authorization logon details to log into your MetaTrader 4 platform & start trading on this validated/verified account. You also can use the same xauusd log on authorization logon details to login to your trader cabinet on the broker website. On the my client area cabinet you as a Gold trader can deposit equity, withdraw money and view reports of your broker account.

Gold Method of How to Open Account

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

The process of opening a Live Account is one which your broker also will require and need you to also upload the following required document copies:

Which Documents Are Required To Open Account?

1. Proof of ID - Colour copy of ID doc or Passport - A colour copy of valid passport or other official ID document that's issued by authorities (example. Driver's license, identity card, etc). The ID document include client's full name, an issue or an expiry date, client's place and date of birth or tax ID No. And client's signature.

2. Proof of Residency - Color copy of utility bill - Recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or pay TV connection, bank account statement) dated within the last 3 months and confirming your registered address location.

You can use your mobile phone device to take the photos of these docs and upload them direct from your phone(this is best option when registering a account). Alternatively, use digital photo 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 docs search for the option/choice 'Upload Documents'. Please note that after signing up your account it won't get validated until you have finalized uploading these accompanying documents.

Please note if you do not upload the above docs your account won't be verified - Make sure that you upload the above docs to get your trading account verified. More than 50% of all the beginner traders do not succeed in opening their account because they fail to upload required accompanying documents. If you correctly upload all the required supporting documents then your account will be verified/validated & you as a gold trader can start trading with your trading account within five minutes. Just take color photo of these 2 documents with your smart-phone & upload these docs direct to your broker website using your phone browser app.

Where to Upload Copies of Documents on the Account

Once you have filled in the account sign up forms which your broker will have provided you with, you'll get access to your myaccount area client cabin: This will now then be your account.

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

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

This process may seem like it's simple but more than 50 % of all new traders don't succeed in opening their trading account due to and because of failure to upload the required accompanying docs.

Why are Copies of Identity Card & a Copy of Utility Bill with My Names Needed?

These docs are required by your broker to guard against any money laundering. AML, or Anti-Money Laundering Rules require online brokers request for proof of Identity and Residential with your full name so as to validate that you are a residential citizen of the particular country that you say you're from & also a copy of Utility Bill which highlights your exact current residence address, that way you as a gold trader can not create and come up with a fake identity or a residence to use for money laundering.

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

Once your broker receives these trading account Sign up application forms in addition to above document copies, your registration application will be processed and you'll be assigned a log in number and a password for the live account.

Once your up-loaded documents are validated by your broker - your account will then be verified. Your log in authorization logon details will be sent to your E Mail address. Example illustration of a verified/validated account is shown & shown below:

This is KYC - Know Your Client, it's more of a legal obligation requirement than a formality, your broker must adhere to this rule and try & do everything in order to know who their client is, so as to guard against any money laundering activity.

You can then use your authorization logon details to log into your MT4 platform and start trading on this validated account. You also can use same login details & particulars to login to your client cabinet on the broker website. On the my client area cabinet you as a Gold trader can deposit equity, withdraw money and view reports of your broker account.

Traders Cabinet Members Area for Making Account Deposit and Withdraw Request

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

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