Register Stock Account
Procedure of Register Stocks Account Explained
Register Stock Account
To open a Stocks Account you can go to a broker site & open a Stock Account. Once you go to the broker of your choice & choose this Stocks Account Register option, you will then have to fill some online forms, the stocks step by step process of filling these forms is explained in this article - Register Stocks Account - Register Stocks Account Register Procedure.
With this Register Stocks Account you can trade the following: Stocks, Stocks, Silver, Stock Indices, Oil, Futures and CFDs.
Stock How to Open Stocks Account
To open this real stock trading account, a trader has to fill some stocks account sign up forms provided by a stock trading broker. The stocks account register form can be obtained from your stocks broker.
Process of signing up a Stocks Account is one where your stock broker will also require you to upload the following accompanying documents:
What Documents Are Needed To Open A Stock Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official identification document that's issued by authorities (example. Driver's license, identity card, etc). Identification document must have the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number & the client's signature.
2. Proof of Residence Address - Color copy of a 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 Six months & validating your registered address location.
You can use your phone to take the photos of these documents & upload them directly from your phone(this is best option when signing up a stock trading account). Alternatively you can use a digital camera, upload the pictures to your Desktop computer and then upload these supporting documents to your account
To Get where to upload these accompanying documents look for option "Upload Documents". Please note that after signing up your account it won't to be validated til the time you complete uploading these copies of supporting documents.
Why is a Copy of ID & a Copy of Utility Bill that Has My Name Required?
These documents are required by your stock broker to safe-guard against any money laundering activity. AML, or Anti Money Laundering Rules & Regulations require that all stocks brokers ask for proof of ID & Residence with your name on 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 the exact location details of where it's that you reside, that way you can't come up with some fake identity or residence location to use for carrying out money laundering.
All regulated stock trading brokers must comply with this requirement before signing up a stocks account for a new client.
Now once you've scanned or taken pictures of these stock trading account register forms:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence Details - Color copy of utility bill, electricity bill etc. (bill with recent date, dated within the last six months).
Upload the above forms plus 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 phone to your Desktop computer & then upload these pictures from your computer.
Once your stocks broker receives the stock trading account register registration forms plus above documents, your application will be processed and you'll be given log-in account number & a log in password for Stock Account.
Once you upload these supporting documents your account will then be validated. Your log in details will be sent to your email address. An example of a validated stocks account is shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stocks broker must follow this policy & try to do everything to know who their client is, in order to ensure that they safeguard against any money laundering activity.
You can then use your details to log into your MT4 stocks platform & begin trading on this verified stocks account. You can also use the same stocks login details to log in to your trader cabinet on the broker site. On the myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your stocks broker account.
Stock How to Open Stocks Account
To open this stocks account, a trader has to fill some stocks account sign up forms provided by a stock trading broker. The stocks account register form can be obtained from your stocks broker.
Process of signing up a Stocks Account is one where your stock broker will also require you to upload the following accompanying documents:
What Documents Are Needed To Open Stock Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official identification document that's issued by authorities (example. Driver's license, identity card, etc). Identification document must have the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number & the client's signature.
2. Proof of Residence Address - Color copy of a 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 Six months & validating your registered address location.
You can use your phone to take the photos of these documents & upload them directly from your phone(this is best option when signing up a stock trading account). Alternatively you can use a digital camera, upload the pictures to your Desktop computer and then upload these supporting documents to your account
To Get where to upload these accompanying documents look for option "Upload Documents". Please note that after signing up your account it won't to be validated til the time you complete uploading these copies of supporting documents.
Please note if you do not upload the above required documents your stocks account will not be verified - Make sure you upload the above supporting documents to get your trading account verified. More than 50% of all new traders don't succeed in signing up their stock trading account because they fail to upload the required accompanying documents. If you correctly upload all the accompanying documents then your account will be validated & you can start trading with your account within 5 minutes. Take a color photo of these 2 documents with your smartphone and upload these docs direct to your stocks broker website using your mobile phone browser.
Where To Upload Copies of Documents on The Stocks Account
Once you've filled the account register forms that your stock broker will have provided you with, you will get access to the trade cabinet: This will then be your stock trading account.
"Upload Documents" Button can then be accessed from within this trader cabinet & as a trader you can upload your documents using this button key.
Once you complete uploading the correct documents on "Account Verification" on your trading account will reflect as Validated & you can then start trading on this stocks trading account.
This process may seem simple but more than 50% of all new traders do not succeed in signing-up their stock account because they fail to upload the required accompanying documents.
Why is a Copy of Identity Card and a Copy of Utility Bill that Has My Name Required?
These documents are required by your stock broker to safe-guard against any money laundering activity. AML, or Anti Money Laundering Rules & Regulations require that all stocks 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 stock trading brokers must comply with this requirement before signing up a stocks account for a new client.
Once your stocks broker receives these stocks account register application forms plus the above documents, your application will be processed & you will be assigned a log in number and a password for the real stock trading account.
Once your uploaded documents are approved by your stocks broker - your stocks account will then be validated. Your log in details will be sent to your email address. An example of a verified account is shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stocks broker must follow this policy & try to do everything to know who their client is, in order to ensure that they safeguard against any money laundering activity.
You can then use your details to log into your MT4 platform & begin trading on this verified account. You can also use the same log in details to login to your trader cabinet on the broker site. On the myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your stocks broker account.
Stock Traders Members Area for Making Stocks Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders client cabinet area where stock traders can deposit and make withdraws from various options provided, for example: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller and Western Union money transfer techniques as shown below.
