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

Account MT4 Account - to open a Real MetaTrader 4 Account from your trading file menu on the MT4 platform software in the Accounts menu choose the Open a new account option and then you as a trader can open an account - a demo account or live account option is provided and you as a trader 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 as a trader can go to MT4 brokers web site and open an account. Once you as a trader go to the online broker of your choice & choose this open MT4 account, you will 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 as a trader can transact the following: FX, Gold, Silver, Oil, CFDs, Futures & Stock Index.

How to Open a MetaTrader 4 Account

To open this MT4 account, a trader has to fill some online account opening form provided for by a online broker. The account signing up online form can be obtained and gotten from the MT4 platform software broker website. On the platform MT4 Accounts menu provided on the File menu in the MetaTrader 4 platform software - choose the Open a new account option and then you as a trader can open an account - an MT4 demo account or MT4 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 sign up form.

Process of opening a real account is one that the broker also will require that you as a trader upload the following accompanying and supporting document copies:

What Are The Documents Required To Register An Online 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 and 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 and 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 account). Alternatively, use digital camera to take snap-shots, 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/choice 'Upload Docs'. Please note after opening your account it won't get verified until you have finalized uploading these supporting documents.

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

The accompanying docs are needed by your 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 as a trader can not 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 registration 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 as a trader 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 sign up forms plus above documents, your account opening application will be processed and you'll be given login account number & a login password for real account.

Once you upload the required supporting documents your account then will get to be verified. Your sign-in credentials will be sent to your EMail address. An example of a verified account is displayed and shown below:

This is K.Y.C. - Know Your Customer, it's more of a legal prerequisite requirement than just a formality, your broker must comply with this policy & try to do everything in order and so as to learn who their customer is, so as to ensure that they guard against any money laundry activity.

You then can use your details to sign in to your MetaTrader 4 platform software & start and begin 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 as a trader can deposit money, withdraw money & view reports of your broker trading account.

How to Open an Online Account

To open this account, a trader has to fill some online account opening forms which are provided for by a broker. The account signing up online form can be obtained and gotten 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 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 & validating 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 snap-shots, 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/choice 'Upload Documents'. Please note after opening your account it won't get validated until you have finalized uploading these accompanying docs.

Please note if you don't upload the above documents your trading account won't be validated/verified - Make sure you upload the above required 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 needed accompanying documents. If you correctly upload all the required accompanying docs then your account will be verified/validated and you as a trader can begin trading with your account within 5 minutes. Take color photo of these 2 docs with your smartphone and upload these docs directly to your broker web site using your mobile phone browser app.

Where to Upload Docs on the Account

Once you have filled & Submitted trading account opening form that your broker will have provided you with, you will get access to the trade transaction cabinet: This then will be your account.

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

Once you complete uploading the correct documents on 'Account Verification' on your account then will 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 account because of the reason/explanation that they fail to upload the needed 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're 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 and particulars where you reside, that way you as a trader 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 opening application will be processed and you'll be assigned sign in account number and password for live account.

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

This is K.Y.C. - Know Your Customer, it's more of a legal prerequisite requirement than just a formality, your broker must comply with this policy and try to do everything so as to learn who their customer is, in order and so as to ensure that they guard against any money laundering activity.

You then can use your sign in details to log into your MetaTrader 4 platform and 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 as a trader can deposit money, withdraw money & view reports of your broker account.

Traders Cabinet Area for Making Account Deposit and 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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