How Do You Sign Up Live Account Forex? - How Do I Sign Up for a Live Forex Trading Account?
The step by step procedure of how to sign up for live forex account:
How to Sign Up a Live Forex Account - Step by Step Procedure
To Sign Up a Live Forex Account you can go to an online forex broker site & Sign Up for an account. Once you go to Forex broker of your choice and select 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 forex trading account you can trade the following: Forex, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
How to Sign Up an Online Forex Account
To Sign Up for this live trading forex account, a trader has to fill some online forms provided by a Forex broker. The forex sign up account opening online form can be obtained from your online currency broker.
The process of Forex Sign Up for a Live Forex trading account is one where your broker will also require you to upload the following documents:
What Are The Documents That Are Needed To Sign Up for An Online Forex Trading 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 authorities (example. Driver's license, identity card, etc). Identification document must have the client's full name, an issue or expiry date, the 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 directly 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 Find where to upload these supporting documents look for the option 'Upload Documents'. Please note that after Forex Sign Up for your trading account it will not get verified until you've completed uploading these supporting documents.
Why is a Copy of Identity Card & Utility Bill with My Name Required?
These documents are required by your Forex broker to safeguard against money laundering. AML, or Anti Money Laundering Rules and Regulations require that all forex brokers ask proof of ID and Residence with your name so as to certify that you as a trader are a citizen of the country which you claim you are from as well as a a Copy of a Utility Bill that shows your exact location details 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 before Sign Up of a trading account for a new client.
Now once you have scanned or taken pictures of these forex account Sign Up forms:
2. Proof of ID - Color copy of ID card or Passport
3. Proof of Residence - Color copy of a utility bill, electricity bill etc. (bill with recent date, dated within the last 6 months).
Upload the above forms 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 computer & then upload these pictures from your computer.
Once your online forex broker receives the online Forex trading account Sign Up application forms plus the above documents, your account application will be processed and you will be assigned a log in number and a sign in password for the live Forex trading account.
Once you upload these supporting documents your forex account will then be validated. Your login details will be sent to your email 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 a mere formality, your broker must follow this policy and try to do everything to know who their client is, in order to ensure that they safeguard against any money laundering activity.
You can then use your forex account sign in details to log into your MT4 forex platform & begin trading on this validated forex trading account. You can also use same account login details to log in to your trader cabinet on Forex broker website. On the my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your Forex broker account.
How to Sign Up an Online Forex Account
To Sign Up for this Forex Live account, a beginner trader has to fill some online forms provided by a Forex broker. The forex sign up account opening online form can be obtained from your online forex currency broker.
The process of Forex Sign Up and opening a Live Forex trading account is one where your FX broker will also require that you upload the following accompanying documents:
What Documents Are Needed To Sign Up for An Online Forex Trading 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 authorities (example. Driver's license, identity card, etc). Identification document must have the client's full name, an issue or expiry date, the 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 directly 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 Find where to upload these supporting documents look for the option 'Upload Documents'. Please note that after forex Sign Up for your trading account it will not get verified until you've completed uploading these supporting documents.
Please note if you don't upload above documents your account won't be validated - Make sure you upload above documents to get your account verified. More than 50% of all new traders don't succeed in Forex Sign Up when opening their forex account because they fail to upload the required accompanying documents. If you correctly upload all the required supporting documents then your account will be validated & you can start trading with your trading account within 5 minutes. Take color photo of these two documents with your smartphone & upload these docs directly to your Forex broker website using your mobile phone browser.
Where to Upload Documents on the Forex Account
Once you have filled the forex account Forex Sign Up forms that your forex broker will have provided you with, you will get access to the trade cabinet: This will then be your Forex trading account.
The 'Upload Documents' Button Key can then be accessed from within this forex trader cabinet & as a trader you can upload your documents using this button.
Once you complete uploading the correct documents on 'Account Verification' on your account will reflect as Validated and you can then start trading on this forex account.
This process might seem simple but more than 50 % of all new beginner traders do not succeed in Forex Sign Up when opening their account due to the reason that they fail to upload the required supporting documents.
Why are the Copies of My ID & Utility Bill Document with My Name On Required?
These documents are required by your Forex broker to safeguard against money laundering. AML, or Anti Money Laundering Rules and Regulations require that all forex brokers ask proof of ID and Residence with your name on so as to certify that you as a trader are a resident citizen of the country which you claim you are from as well as a Copy of Utility Bill that shows the exact location details where you reside, that way you can not come up with some fake identity or residence location to use for doing money laundering activities.
All regulated Forex brokers must adhere and comply with this requirement before forex Sign Up and opening a forex trading account for a new client.
Once your online forex broker receives these online forex account Forex Sign Up opening application forms plus the above documents, your account application will be processed and you will be assigned an account login number and a password for the live Forex trading account.
Once your uploaded documents are approved by your forex broker - your forex trading account will then get to be validated. Your forex account sign in credentials will be sent to your e-mail address.
This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your FX broker must follow this policy and try to do everything to know who their client is, in order to ensure that they safeguard against any money laundering activity.
You can then use your details to log into your MT4 forex platform & begin trading on this validated forex trading account. You can also use the same forex account sign in credentials to log in to your myaccount area trader cabinet on Forex broker website. On the my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your Forex broker account.
Forex Traders Cabinet Area for Making FX Account Deposits & Withdraws 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 and Western Union money transfer methods as shown below.
Sign Up for a live forex account - As you complete this learn Forex course, Sign Up for a forex account early as it only takes a few minutes to Sign Up for a Live account & validate your forex account early.
