Open Live Account

XAUUSD Procedure of Open Broker Account

How to Open Live Account

To open a Open Account you can go to a online broker website and open a Real Account. Once you go to broker of your choice & choose this Live Account Open option, you'll 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 can trade the following: XAUUSD, XAUUSD, Silver, Stock Indices, Oil, Futures and CFDs.

XAUUSD Method of How to Open Account

To sign up this real account, one 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 online broker also will require you to upload the following required accompanying document copies:

What Docs Are Required To Open A Account?

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

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

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 opening a trading account). Alternatively, use digital camera to take snap shots, upload pictures to your desktop PC computer and then upload these saved docs on to your trading account

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

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

These docs are required by your online broker to guard against equity laundering. AML, or Anti-Money Laundry Guidelines 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 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 a fake identity or a fake residence to use for money laundering.

All regulated brokers must comply to this requirement 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 - Coloured copy of utility bill, electricity bill etc. (bill with a recent date, dated within the last 3 months).

Up-load the above forms in addition to the above document coloured copies, you can use your camera phone to take color photos of the above docs, then download the pictures from your mobile phone to your computer PC and then upload these pictures from your computer.

Once your online broker receives the 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 log in password for the Real Account.

Once you upload the required supporting documents your account will then get verified. Your sign in authorization details will be sent to your email address. An example of a validated account is illustrated below:

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

You can then use your details to log into your MT4 platform & start trading on this validated account. You also can use the same xauusd log in details to login to your trader cabinet on the broker site. On the my client area cabin you can deposit equity, withdraw money and view reports of your broker account.

Gold Method of How to Open Account

To open this trading account, one 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 online broker also will need you to upload the following required document copies:

Which Documents Are Required To Open Account?

1. Proof of ID - Colour copy of ID document or Passport - A colour copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). The identification document include client's full names, 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 - Coloured copy of utility bill - Recent dated utility bill (e.g. Electricity, gas, water, phone, oil, Internet &/or pay TV connection, bank account statement) dated within the last 3 months & confirming your registered address.

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 opening a trading account). Alternatively, use digital camera to take snap shots, upload pictures to your desktop PC computer & 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 have completed uploading these accompanying docs.

Please note if you do not upload the above docs your trading account will not be validated - Make sure that you upload the above docs to get your trading account verified. More than 50% of all the beginner traders don't succeed in opening their trading account because they fail to upload required accompanying documents. If you correctly upload all the required supporting documents then your account will be verified & you 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.

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 will 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 trader you can upload your documents using this button key.

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

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

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

These docs are required by your online broker to guard against equity 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 which you say you're from as well as a copy of Utility Bill which highlights your exact current residence address, that way you cannot create a fake identity or a fake residence to use for money laundering.

All regulated brokers must adhere with this requirement before opening a account for a new client.

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

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

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

You can then use your details to log into your MT4 platform & start trading on this validated account. You also can use same login details to login to your client cabinet on the broker site. On the my client area cabin you can deposit equity, withdraw money and view reports of your broker account.

Traders Cabinet Members Area for Making Account Deposit and Withdraw Request

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