How to Register a Real Account - Step by Step Procedure
How to Sign Up a Real Account - Step by Step Procedure
To open a Live Account you can go to an broker website & open one. Once you go to the broker of your choice and choose this option, you will then have to fill some online forms, the step by step process of filling these forms is described in this guide.
With this online account you can transact the following: Forex, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open an Online Account
To register this live account, one has to fill some online forms provided by a broker. The account opening online form can be obtained from your online currency broker.
Process of opening a live account is one that the broker also will need you to upload following accompanying docs:
What Are The Documents Required To Sign Up An Online Account?
1. Proof of ID - Colour copy of Identity card or Passport - A colour copy of official identification card or valid passport document or other document that is issued by authorities (example. Driver's license, identity card, etc). Identity document must include client's full names, an issue or an expiry date, client's place and the date of birth or tax Identity No. & the client's signature.
2. Proof of Residence - Colour copy of utility bill - A recently utility bill (e.g. Electricity, gas, water, phone, oil, pay TV connection, Internet connection, bank account statement) dated within the last 3 months & confirming your registered address.
You can use your mobile phone device to snap the photos of these docs and upload them directly from your phone device(this is best option when registering a account). Alternatively, use digital camera to take snapshots, upload pictures to your desktop PC then upload saved docs on to your trading account
To Get where to upload these supporting documents search for the option 'Upload Docs'. Please note after opening your trading account it will not get validated until you have completed uploading these supporting documents.
Why are the Copies of My Identity and Utility Bill Document with My Names On Needed?
The accompanying docs are needed by your online broker to safeguard against any money laundry activities. AML, or Anti-Money Laundry Guidelines & Regulations require that all online brokers request for proof of ID & Residence with your full name so that to verify that you are a citizen of the specified country which you say you're from as well as a Copy of a Utility Bill that shows your exact residence location details where you stay, that way you cannot come up with a fake identity or residence address to use for doing money laundering activities.
All regulated brokers must adhere & comply with this requirement prior to opening a account for a new client.
Now once you have scanned or taken images of these forex account opening forms:
2. Proof of ID - Colour copy of Identity card or Passport
3. Proof of Residence - Colour copy of utility bill, electricity bill etc. (bill with recent date, dated within the last 3 months).
Upload above forms in addition to the above document coloured copies, you can use your camera phone to take color pictures of above documents, then download the pictures from your phone to your PC computer & then upload these pictures from your computer.
Once your online currency broker receives the online account opening registration forms plus above docs, your account registration application will be processed & you'll be given login account number & a log in password for live account.
Once you upload the required accompanying docs your account will then get to be verified. Your sign-in credentials will be sent to your e mail address. An example of a verified account is displayed and illustrated below:
This is KYC - Know Your Client, it's more of a legal requirement than just a formality, your online broker must follow this guideline and try and do everything to know who their client is, so as to ensure that they safeguard against any money laundry activity.
You can then use your details to sign into your MT4 platform & begin trading on this verified account. You also can use same login details to log in to your trader cabin on broker website. On the my-account area trader cabin you can deposit money, withdraw money and view reports of your online broker account.
How to Open an Online Account
To open this forex account, one has to fill some online forms provided by a broker. The account opening online form can be obtained from your online currency broker.
Process of opening a live account is one that the online broker will also require you to upload the following documents:
What Are The Docs Required To Sign Up An Online Account?
1. Proof of ID - Colour copy of Identity card or Passport - A colour copy of official identification card or valid passport document or other document that is issued by authorities (example. Driver's license, identity card, etc). Identity document must include client's full names, an issue or an expiry date, client's place and the date of birth or tax Identity No. & the client's signature.
2. Proof of Residence - Colour copy of utility bill - A recently utility bill (e.g. Electricity, gas, water, phone, oil, pay TV connection, Internet connection, bank account statement) dated within the last 3 months and confirming your registered address.
You can use your phone device to snap the photos of these documents & upload them directly from your mobile phone device(this is best option when signing up a account). Alternatively, use digital camera to take snapshots, upload pictures to your desktop PC then upload saved documents on to your account
To Get where to upload these accompanying documents search for the option 'Upload Docs'. Please note after opening your trading account it will not get validated until you have completed uploading these supporting documents.
Please note if you don't upload the above documents your account will not be validated - Make sure you upload the above documents to get your trading account verified. More than 50% of all novice traders do not succeed in opening their trading account because they fail to upload the required supporting 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. Take color photo of these two documents with your smart phone & upload these docs directly to your broker website using your mobile phone browser.
Where to Upload Docs on the Account
Once you have filled and Submitted account registration form that your broker will have provided you with, you will get access to the trade cabinet: This will then be your fx account.
The 'Upload Documents' Button Key can then be accessed from within this client cabinet and as a trader you can upload the required documents using this button.
Once you finish uploading correct docs on 'Account Verification' on your trading account will then reflect as Validated and you can then begin trading on this account.
This process might seem simple but more than 50% of all new beginners don't succeed in opening their trading account due to the reason that they fail to upload the required accompanying documents.
Why is are Copies of Identity Card & Utility Bill with My Name Being Required?
The accompanying docs are needed by your online broker to safeguard against any money laundry activities. AML, or Anti-Money Laundry Guidelines & Regulations require that all brokers ask for proof of Identity & Residence with your name on so as to certify that you are a resident citizen of the particular country which you say you are from & also a Copy of a Utility Bill that shows the exact address details where you reside, that way you can't come up with a fake identity or residence location to use for doing money laundering activities.
All regulated brokers must adhere & comply with this requirement prior to opening a account for a new client.
Once your online currency broker receives these online account opening application forms plus above documents, your account registration application will be processed and you'll be assigned login account number and password for live account.
Once the up-loaded docs are validated by your online broker - your account will then get to be verified. Your sign-in credentials will be sent to your e mail address. An example of a verified account is displayed and illustrated below:
This is KYC - Know Your Client, it's more of a legal requirement than just a formality, your online broker must follow this guideline and try and do everything to know who their client is, so as to ensure that they safeguard against any money laundry activity.
You can then use your details to sign into your MT4 platform & begin trading on this verified account. You also can use same login details to log in to your trader cabin on broker website. On the my-account area trader cabin you can deposit money, withdraw money & view reports of your broker account.
Traders Cabinet Members Area for Making Account Deposits & Withdraws Request
Withdraw and deposit options provided from within the traders cabinet where traders can deposit and make withdraws from the various options provided, for example: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer methods as illustrated below.
