How to Open a Live Indices Account
Stock Indices Step by Step Procedure
To open a Live Stock Indices Account you can go to an online stock indices broker web site & open one. Once you go to the broker of your choice and choose this option, you'll then have to fill some online forms, the stock indices step by step process of filling these forms is described in this guide.
With this online trading account you can trade the following: Stock Indices, Stock Indices, Silver, Oil, CFDs, Futures and Stock Indices.
Indices How to Open an Online Stock Indices Account
To open this live trading stock index trading account, a trader has to fill some online forms provided by a stock index trading broker. The account opening online form can be obtained from your online stock index trading broker.
The process of opening a real stock index account is one where your stock indices broker will also require that you upload the following supporting documents:
What Documents Are Required to Open An Online Indices Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that's issued by authorities (e.g. 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 the client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (example. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last 6 months and confirming your registered address location.
You can use your mobile phone to take the pictures of these documents & upload them direct from your mobile phone(this is the best option when signing up a stock index account). Alternatively, use a digital camera to take the snapshots, upload the pictures to your PC then upload the saved documents onto your trading account
To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note that after opening your stock indices account it will not get verified until you've completed uploading these supporting documents.
Why is a Copy of My Identity Card & a Copy of Utility Bill with My Name Required?
These documents are required by your stock indices broker to guard against money laundering. AML, or Anti Money Laundering Regulations require all brokers ask for proof of ID and Residence with your name so that to verify that as a trader as a trader you are a citizen of the country you say you are from as well as a copy of Utility Bill that shows your exact residence location, that way you cannot come up with some fake identity or some fake residence to use for money laundering.
All regulated stock index trading brokers must adhere & comply with this requirement prior to opening a account for a new client.
Now once you have scanned or taken pictures of these stock index trading account opening forms:
2.Proof of ID - Color copy of ID 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 the color pictures of the above documents, then download the pictures from your mobile phone to your computer & then upload these pictures from your computer.
Once your online stock indices broker receives the online stock index trading account opening sign up forms plus above documents, your application will be processed and you'll be allocated a log in account number & a login password for live stock index trading account.
Once you upload these supporting documents your account will then get to be validated. Your log in details will be sent to your email address. An example of a verified account is shown & illustrated below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stock indices broker must follow this policy and try to do everything to know who their client is, so as to safeguard 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 the same login details to log in to your trader cabinet on the broker website. On the myaccount area trader cabinet you can deposit money, withdraw money and view trading reports of your stock indices broker account.
Stock Indices How to Open an Online Indices Account
To open this stock index trading account, a trader has to fill some online forms provided by a stock index trading broker. The account opening online form can be obtained from your online stock indices broker.
The process of opening a real stock index account is one where your stock indices broker will also require you to upload the following required documents:
What Documents Are Required to Open An Online Stock Indices Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that's issued by authorities (e.g. 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 the client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (example. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last 6 months and confirming your registered address location.
You can use your mobile phone to take the pictures of these documents & upload them direct from your mobile phone(this is the best option when signing up a stock index account). Alternatively, use a digital camera to take the snapshots, upload the pictures to your PC then upload the saved documents onto your trading account
To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note that after opening your stock indices account it will not get verified until you've completed uploading these supporting documents.
Please note if you don't upload the above required documents your account will not be verified - Make sure you upload the above documents to get your account verified. More than 50% of all new traders don't succeed in opening their stock index trading account because they fail to upload the required supporting documents. If you correctly upload all the supporting documents then your trading 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 stock indices broker website using your mobile phone browser.
Where to Upload Documents on the Indices Account
Once you have filled & Submitted the account opening forms that your stock indices broker will have provided you with, you will get access to your myaccount area client cabinet: This will now then be your stock index trading 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 finish uploading the correct documents on "Account Verification" on your trading account will reflect as Validated and you can then begin trading on this stock index trading account.
This process may seem simple but more than 50 % of all new novice traders don't succeed in opening their stock index account due to the reason that they fail to upload the required supporting documents.
Why is a Copy of My My Identity Card and a Copy of Utility Bill that Has My Name Required?
These documents are required by your stock indices broker to guard against money laundering. AML, or Anti Money Laundering Regulations require all brokers ask for proof of ID and Residence with your name so that to verify that as a trader as a trader you are a citizen of the country you say you are from as well as a copy of Utility Bill that shows your exact residence location, that way you cannot come up with some fake identity or some fake residence to use for money laundering.
All regulated stock index trading brokers must adhere & comply with this requirement prior to opening a account for a new client.
Once your online stock indices broker receives these online account opening sign up forms plus above documents, your application will be processed and you'll be allocated a log in account number & a password for live stock index trading account.
Once your uploaded documents are approved by your stock index broker - your account will then get to be validated. Your log in details will be sent to your email address. An example of a verified account is shown & illustrated below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stock indices broker must follow this policy and try to do everything to know who their client is, so as to safeguard 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 the same login details to log in to your trader cabinet on the broker website. On the myaccount area trader cabinet you can deposit money, withdraw money and view trading reports of your stock indices broker account.
Stock Indices Traders Cabinet Members Area for Making Indices Account Deposit and Withdraw 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 & Western Union money transfer methods as shown below.
