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 will then have to fill an account opening sign up 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 website 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 some online open account forms, the step by step process of filling these account signup forms is described in this tutorial.
With this online MT4 trading account you can transact the following: Forex, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open a MT4 Account
To open this MetaTrader 4 account, one has to fill some online account registration form provided by a broker. The account opening online form can be obtained from the MT4 platform broker web site. 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 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 live account is one that the online broker will also require that you upload the following accompanying document copies:
What Are The Documents Required To Open An Online Account?
1. Proof of ID - Color copy of Identity 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 include client's full names, an issue or an expiry date, the client's place and the date of birth or tax identification number and the client's signature.
2. Proof of Residence - Color copy of utility bill - A 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 & confirming your registered address.
You can use your mobile phone device to take the photos of these documents & 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 trading account
To Get where to upload these accompanying documents search for the option 'Upload Documents'. Please note after opening your trading account it will not get validated until you have completed uploading these accompanying documents.
Why are the Copies of My ID & Utility Bill Document with My Names On Needed?
The accompanying documents are needed by your online broker to guard against any money laundering activity. AML, or Anti-Money Laundering Rules and Regulations require that all online brokers ask for proof of ID and Residence with your full name so as to certify that you are a resident citizen of the specified country that you claim you are from as well as a Copy of a Utility Bill that shows your exact residence location details where you reside, that way you cannot come up with a fake identity or residence location to use for doing money laundering activity.
All regulated brokers must adhere and comply with this requirement prior to opening a account for a new client.
Now once you have scanned or taken images of these account opening forms:
2. Proof of ID - Color 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 the 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 mobile phone to your PC Desktop computer & then upload these pictures from your 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 account number & a log in password for live account.
Once you upload the required accompanying documents your trading 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 K.Y.C. - Knowing Your Client, it is more of a legal requirement than just a mere formality, your online broker must follow this policy & try to do everything to know who their client is, in order to ensure that they guard against any money laundering activity.
You then can use your details to sign into your MT4 platform and start trading on this verified account. You can also use same login details to login to your trader cabinet on broker web site. On the my-account area trader cabinet you can deposit money, withdraw money and view reports of your online broker account.
How to Open an Online Account
To open this account, one has to fill some online account registration forms that are provided by a broker. The account opening 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 document copies:
What Are The Documents Required To Open An Online Account?
1. Proof of ID - Color copy of Identity 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 include client's full names, an issue or an expiry date, the client's place and the date of birth or tax identification number and the client's signature.
2. Proof of Residence - Color copy of utility bill - A 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 & confirming your registered address.
You can use your mobile phone device to take the photos of these documents & 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 trading account
To Get where to upload these accompanying documents search for the option 'Upload Documents'. Please note after opening your trading account it will not get validated until you have completed uploading these accompanying documents.
Please note if you do not upload the above documents your trading account will not be validated - Make sure you upload the above documents to get your trading account verified. More than 50% of all new traders do not succeed in opening their trading account because they fail to upload the required accompanying documents. If you correctly upload all the required accompanying documents then your trading 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 online broker website using your mobile phone browser.
Where to Upload Documents 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 account.
The 'Upload Documents' Button Key then can be accessed from within this client cabinet and as a trader you can upload the required documents using this button.
Once you complete uploading the correct documents on 'Account Verification' on your trading account will then reflect as Validated and you then can start trading on this account.
This process might seem simple but more than 50% of all new beginner traders do not succeed in opening their trading account due to the reason that they fail to upload the required accompanying documents.
Why is a Copy of Identity Card & Utility Bill with My Names Being Needed?
The accompanying documents are needed by your online broker to guard against any money laundering activity. AML, or Anti-Money Laundering Rules and Regulations require that all online brokers ask for proof of ID and Residence with your name on so as to certify that you are a resident citizen of the specified country that you claim you are from as well as a Copy of a Utility Bill that shows the exact location details where you reside, that way you can not come up with a fake identity or residence location to use for doing money laundering activities.
All regulated brokers must adhere and 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 will be given login account number & password for live account.
Once the up-loaded documents are validated by your online broker - your trading 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 K.Y.C. - Knowing Your Client, it is more of a legal requirement than just a mere formality, your online broker must follow this policy & try to do everything to know who their client 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 and start trading on this verified account. You can also use same login details to login to your trader cabinet on broker web site. On the my-account area trader cabinet you can deposit money, withdraw money and view reports of your online broker account.
Traders Cabinet Area for Making Account Deposit and Withdraw Request
How Do I deposit money from forex? - 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 various options provided, for example: Credit Card and Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer methods.
