How Do I open a MT4 Account? - How to Open a Real Account in MT4

Account Meta Trader 4 Account - to open a Real MetaTrader 4 Account from your trading file menu on the MT4 platform in the Accounts menu choose the Open a new account option and then you can open an account - a demo account or live account option is provided and you can open the type of account you want. You'll then have to fill a trading account signing up signup form.

How to Open a MT4 Account - Step by Step Procedure of Opening MT4 Account

To open a MT4 account you can go to MT4 brokers web site and open an account. Once you go to the online broker of your choice & choose this open MT4 account, you'll then have to fill out some online open account forms, the step-by-step process of filling these trading account signup forms is described in this guide.

With this online MT4 account you can transact the following: FX, Gold, Silver, Oil, CFDs, Futures and Stock Indices.

How to Open a MT4 Account

To open this MT4 account, one has to fill some online account registration form provided for by a online broker. The account signing up online form can be obtained from the MetaTrader 4 software broker website. On the platform MT4 Accounts menu provided on the File menu in the MT4 software - choose the Open a new account option and then you can open an account - an MT4 demo account or Meta Trader 4 live account option is provided & you as a fx trader can use select & open the type of account you want. You will then have to fill a account registration form.

Process of opening a real account is one that the online broker also will require that you upload the following accompanying doc copies:

What Are The Documents Required To Register An Online Trading Account?

1. Proof of ID - Color copy of ID card or Passport - A colour copy of official ID card or valid passport document or other doc that is issued by authorities (example. Driver's license, identity card, etc). Identification doc must include client's full names, an issue or an expiry date, the client's place and the date of birth or tax ID number & the client's signature.

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

You can use your phone device to take the photos of these documents and upload them directly from your mobile phone device(this is the best option when registering a trading 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 finalized uploading these supporting documents.

Why are the Copies of My Identity & Utility Bill Document with My Names On Needed?

The accompanying docs are needed by your online broker to guard against any money laundry activity. AML, or Anti-Money Laundry Rules & Regulations require that all online brokers request for proof of ID & Residence with your full names so that to certify that you're a resident citizen of the particular country that you claim you are from & also a Copy of a Utility Bill that shows your current residence location details where you stay, that way you cannot come up with a fake identity or residence location to use for doing money laundry activity.

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

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

2. Proof of ID - Colour copy of Identity card or Passport

3. Proof of Residence - Color 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 colour copies, you can use your camera phone to take color pictures of above docs, then download the pictures from your mobile phone to your Desktop computer and then upload these photos from your Desktop computer.

Once your online currency broker receives the online account opening registration forms plus above documents, your account registration application will be processed & you will be given login trading account number & a login password for live account.

Once you upload the required supporting documents 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 & shown below:

This is K.Y.C. - Knowing Your Client, it is more of a legal requirement than just a mere formality, your broker must follow this policy & try to do everything in order to learn who their customer is, in order to ensure that they guard against any money laundry activity.

You then can use your details to sign in to your MT4 platform and start trading on this verified account. You also can use same login details to login to your client cabin area on broker website. On the my-account area client cabin area you can deposit money, withdraw money & view reports of your online broker trading account.

How to Open an Online Trading Account

To open this trading account, one has to fill some online account registration forms which are provided for by a broker. The account signing up online form can be obtained from your online broker.

Process of opening a live account is one that the online broker will also require you to upload the following doc copies:

What Are The Docs Required To Sign Up An Online Trading Account?

1. Proof of ID - Colour copy of Identity card or Passport - A color copy of official identification card or valid passport document or other doc that is issued by authorities (example. Driver's license, identity card, etc). Identification doc must include client's full names, an issue or an expiry date, the client's place & the date of birth or tax identification number and the client's signature.

2. Proof of Residence - A Colour copy of a utility bill - Recent dated utility bill (e.g. Electricity, gas, water, phone, oil, cable TV connection, Internet connection, bank account statement) dated within the last 3 months and confirming your registered address.

You can use your mobile phone device to take the photos of these docs & upload them directly from your mobile phone device(this is the best option when signing up a trading 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 docs search for the option 'Upload Documents'. Please note after opening your account it will not get validated until you have finalized uploading these accompanying docs.

Please note if you do not upload the above docs your trading account will not be validated - Make sure you upload the above documents to get your account verified. More than 50% of all beginner traders don't succeed in signing up their account because they fail to upload the required accompanying documents. If you correctly upload all the required accompanying docs then your trading account will be verified and you can begin trading with your account within 5 minutes. Take color photo of these two docs with your smartphone and upload these docs directly to your online broker web site using your mobile phone browser.

Where to Upload Docs on the Trading Account

Once you have filled and Submitted trading account registration form that your online broker will have provided you with, you'll get access to the trade cabinet: This will then be your account.

The 'Upload Documents' Button then can be accessed from this trader cabin & as a fx trader you can upload the required accompanying docs using this button.

Once you complete uploading the correct documents on 'Account Verification' on your account will then reflect as Validated & you then can begin trading on this account.

This process might seem simple but more than 50% of all new novice traders do not succeed in opening their trading account due to the reason that they fail to upload the required supporting documents.

Why is a Copy of Identity Card and Utility Bill with My Name Being Needed?

The supporting documents are needed by your broker to guard against any money laundering activity. AML, or Anti-Money Laundry Guidelines and Regulations require that all brokers ask for proof of Identity and Residence with your name on so as to certify that you are a residential citizen of the specified country that you claim you are from & also a Copy of a Utility Bill that shows the exact address details where you reside, that way you can not 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 signing up a trading 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 sign in trading account number & password for real account.

Once the up-loaded documents are validated by your broker - your trading account will then get to be verified. Your login details will be sent to your EMail address. An example of a verified account is displayed and illustrated below:

This is K.Y.C. - Knowing Your Client, it's more of a legal requirement than just a mere formality, your online broker must follow this policy and try to do everything in order to learn who their customer is, in order to ensure that they guard against any money laundering activity.

You then can use your sign in details to log into your MT4 platform & begin trading on this verified account. You can also use same login details to login to your trader cabin on online broker web site. On the my-account area trader cabin you can deposit money, withdraw money & view reports of your online broker trading account.

Traders Cabinet Area for Making Account Deposit & Withdraw Request

How Do I deposit money from fx? - How Do I withdraw money from forex?

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

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