How to Open a Forex Live Account - Step by Step How to Open Live Forex Account
Forex Live Account Open Procedure - Forex Trading Live Account Registration
Forex Live Account Signing Up Procedure - To open a Live Forex Live Account you can go to an online broker web site & open Forex Trading Account. Once you go to the Forex broker of your choice & select this option of opening a Live Trading Account, you will then have to fill some online Forex Real Account Opening Form, the step by step process of filling these forex account - Forex Live Account Signing Up Form is described in this Open Live Account Tutorial Lesson - Forex Live Account Signing Up Sign up.
With this online trading account you can trade the following: Forex, Online Stocks, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
Step by Step Procedure of Forex Live Account Signing Up Procedure
To open this live trading Forex Live Account, a trader has to fill some online Real Account Signing Up Form provided by a Forex broker. The Forex Live Account Signing Up Form can be obtained from your online forex broker.
Forex Live Account Open Procedure - Forex Trading Live Account Sign Up
The process of opening a real Forex account is one where your forex broker will also require you to upload the following required documents:
What Are Documents Required To Open An Online Forex Trading Live Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification card or valid passport document or other document that is issued by the authorities (example. Driver's license, identity card, etc). The identification document must have the client's full name, an issue or expiry date, client's place and date of birth or tax identification number and client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within last 6 months & confirming your registered address.
You can use your phone to take the photos of these documents & upload them direct from your phone(this is best option when signing up a forex trading account). Alternatively, use digital camera to take snapshots, upload pictures to your PC then upload saved documents on to your account
To Get where to upload these supporting documents search for option "Upload Documents". Please note that after opening your account it will not get verified until you've completed uploading these supporting documents.
Why is a Copy of My Identity Card and a Copy of Utility Bill Document with My Name Required?
These documents are required by your Forex broker to safe-guard against money laundering. AML, or Anti Money Laundering Rules necessitate that all FX brokers ask for proof of ID and Residence with your name so that to verify that as a trader you are a citizen of the country you say you are from as well as a copy of a a Copy of a Utility Bill that shows your exact location of where you reside, that way you cannot come up with some fake identity or residence location to use for doing money laundering.
All regulated Forex brokers must adhere and comply with this requirement prior to opening a forex account for a new client.
Now once you have scanned or taken pictures of the Forex Real Account Opening Form:
2. Proof of ID - Color copy of ID card or Passport
3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with a recent date, dated within the last 6 months).
Upload the above Forex Live Account Signing Up Form plus the above document color copies, you can use your camera phone to take color pictures of above documents, then download the pictures from your phone to your PC Desktop computer & then upload these pictures from your computer.
Once your online forex broker receives the online Forex Live Account Signing Up Form plus the above documents, your application will be processed and you will be assigned a forex log in number & a forex login password for the live trading account.
Once you upload these supporting documents your Forex Live Account will then be validated. Your forex sign in credentials will be sent to your e-mail address.
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your broker must follow this policy & try to do everything to know who their client is, in order to ensure that they safe-guard against any money laundering activity.
Forex Trading Live Account Open Procedure - Forex Live Account Registration
You can then use your details to log into your MetaTrader 4 platform and start trading on this verified account. You can also use same login details to log in to your trader cabinet on Forex broker website. On my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your Forex broker account.
How to Open an Online Forex Trading Account
To open this Forex Live Account, a trader has to fill some online Real Account Signing Up Form provided by a Forex broker. The Forex Live Account Signing Up Form can be obtained from your online forex broker.
The process of opening a real Forex account is one where your forex trading broker will also need you to upload following accompanying documents:
Forex Live Account Open Procedure - Forex Trading Live Account Registration
What Are Documents Required To Open An Online Forex Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification card or valid passport document or other document that is issued by the authorities (example. Driver's license, identity card, etc). The identification document must have the client's full name, an issue or expiry date, client's place and date of birth or tax identification number and client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within last 6 months & confirming your registered address.
You can use your phone to take the photos of these documents & upload them direct from your phone(this is best option when signing up a forex trading account). Alternatively, use digital camera to take the snapshots, upload the pictures to your PC then upload the saved documents on to your Forex Live Account login clients area on the website of your forex broker
To Get where to upload these supporting documents search for option "Upload Documents". Please note that after opening your Forex Live Account it will not get validated until you have completed uploading these supporting documents.
Please note if you do not upload above documents your forex trading account will not be validated - Make sure you upload the above accompanying documents to get your Forex Live Account validated. More than 50% of all new traders don't succeed in opening their Forex Live Account because they fail to upload the required accompanying documents. If you correctly upload all the required supporting documents then your forex trading account will be verified & you can start trading with your trading account within 5 minutes. Just take color photo of these two documents with your smart-phone & upload these docs directly to your Forex broker website using your mobile phone browser.
Forex Trading Live Account Open Procedure - Forex Live Account Registration
Where to Upload Documents on the Forex Real Account
Once you have filled the Forex Real Account Opening Form which your forex broker will have provided you with, you'll get access to the trade cabinet: This will then be your Forex Live Account.
"Upload Documents" Button can then be accessed from within this client cabinet & as a trader you can upload your documents using this button key.
Once you complete uploading correct documents on "Account Verification" on your account will reflect as Validated and you can then begin trading on this Forex Live Account.
This process may seem simple but more than 50 % of all new beginner traders don't succeed in opening their Forex trading account due to the reason that they fail to upload required supporting documents.
Why is a Copy of ID & Utility Bill Document with My Name Required?
These documents are required by your Forex broker to safe-guard against money laundering. AML, or Anti Money Laundering Rules necessitate that all FX brokers ask for proof of ID & Residence with your name so that to confirm that as a trader you're a resident citizen of the country you say you're from as well as a copy of Utility Bill that shows the exact location of where you reside, that way you can not come up with some fake identity or residence location to use for carrying out money laundering purposes.
All regulated Forex brokers must adhere and comply with this requirement prior to opening a forex account for a new client.
Once your online forex broker receives these online Forex Live Account Signing Up Form plus the above documents, your application will be processed and you will be assigned a log in number & a password for the live trading account.
Once your uploaded documents are approved by your broker - your account will then get to be validated. Your login details will be sent to your email address. An example of a verified account is shown and illustrated below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your broker must follow this policy & try to do everything to know who their client is, in order to ensure that they safe-guard against any money laundering activity.
You can then use your details to log into your MetaTrader 4 platform and start trading on this verified account. You can also use same login details to log in to your trader cabinet on Forex broker website. On my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your Forex broker account.
Forex Traders Cabinet Members Area for Making FX Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders cabinet where traders can deposit & make withdraws from the various options provided, for example: Credit Card and Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram & Western Union money transfer methods as shown below.
Open a live account - As you complete this learn Forex course, open an account early as it only takes a few minutes to open & validate your account early.
How to Open Forex Live Account - Forex Live Account Signing Up Procedure - How to Open Account - Opening Forex Live Account Procedure - Forex Live Account Signing Up Sign up
