Procedure for Sign up Forex Real Account - Sign up Forex Trading Account Procedure
Procedure of Sign up Trading Forex Account Explained - Procedure of Sign up Forex Trading Account
Sign up Forex Trading Real Account - How to Open Forex Live Account
To open a Forex Trading Account you can go to a broker website and open a Forex Real Account. Once you navigate to Forex broker of your choice & select this Live Account Sign up option, you'll then have to fill some online forms, the step by step process of filling these forex account signing-up forms is described in this tutorial - Sign up Trading Forex Account - Sign up Forex Trading Account Sign up Procedure.
With this Sign up Forex Real Account you can trade the following: Forex, Gold, Silver, Stock Indices, Oil, Futures and CFDs.
How to Open Forex Account
To open this real trading forex account, a trader has to fill some forex account sign up forms provided by a Forex trading broker. The forex account sign up form can be obtained from your forex broker.
The process of signing-up a Real Forex Account is one where your broker will also need you to upload following accompanying documents:
What Documents Are Needed To Open A 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 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 Find where to upload these supporting documents look for the option "Upload Documents". Please note that after signing up for your trading account it won't be validated until you have completed uploading these supporting documents.
Why is a Copy of My Identity Card & Utility Bill that Has My Name Required?
These documents are required by your Forex trading 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 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 trading brokers must adhere and comply with this requirement before signing up for a forex 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 utility bill, electricity bill etc. (bill with a 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 forex broker receives the Forex trading account sign up registration forms plus above documents, your application will be processed & you'll be given login account number & a log in password for Real Forex Trading Account.
Once you upload these required supporting documents your account will then get to be verified. Your login details will be sent to your email address. An example of a validated forex trading account is shown 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 forex software & begin trading on this validated forex trading account. You can also use the same forex login credentials to sign in to your myaccount trader cabinet area on Forex trading broker website. On my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your Forex trading broker account.
How to Open Forex Account
To open this forex trading account, a forex has to fill some account sign up forms provided by a Forex trading broker. The forex account sign up form can be obtained from your forex broker.
Process of signing up for a Real Forex Account is one where your broker will also require you to upload the following required documents:
What Are The Documents That Are Needed To Sign Up 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 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 Find where to upload these supporting documents look for the option "Upload Documents". Please note that after signing up for your trading account it won't be validated until you have completed uploading these supporting documents.
Please note if you do not upload above documents your forex account will not be validated - Make sure you upload the above supporting documents to get your trading account verified. More than 50% of all beginners don't succeed in signing-up for 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 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 trading broker site using your phone browser.
Where to Upload Documents on the Forex Account
Once you have filled and Submitted account sign up forms that your broker will have provided you with, you'll get access to the trade cabinet: This will then be your forex 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 account.
This process may seem simple but more than 50 % of all new beginner traders do not succeed in signing-up for their Forex trading account due to the reason that they fail to upload required supporting documents.
Why are the Copies of My ID & Utility Bill Document that Have My Name Being Required?
These accompanying documents are required by your Forex trading 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 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 trading brokers must adhere and comply with this requirement before signing up for a account for a new client.
Once your forex broker receives these trading forex account signing up application forms plus the above documents, your application will be processed and you will be assigned a log in number & a password for the real Forex trading account.
Once your uploaded documents are approved by your broker - your forex account will then 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 trading broker website. On my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your Forex trading broker account.
Forex Traders Cabinet Members Area for Making Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders cabinet where traders can deposit & make withdraws from various options provided, for examples: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller & Western Union money transfer methods as displayed below.
