Opening Stocks Account
Procedure of Opening Trading Stock Account Explained
Opening Stocks 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 Opening option, you'll then have to fill some online forms, the stocks step by step process of filling these forms is described in this article - Opening Trading Stocks Account - Opening Stocks Account Opening Procedure.
With this Opening 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 signup forms provided by a stock trading broker. The stocks account opening form can be obtained from your stocks broker.
The process of opening a Stocks Account is one where your stock broker will also require that you 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 is issued by authorities (example. Driver's license, identity card, etc). The identification document must contain client's full name, an issue or expiry date, the client's place & 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 signed up 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 registering 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 Find where to upload the required accompanying documents look for option 'Upload Documents'. Please note after opening your stocks account it'll not get validated until you have completed uploading these supporting documents.
Why is a Copy of My Identity Card and a Copy of Utility Bill with My Name Required?
These documents are required by your stock broker to guard against money laundering. 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 that 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 create some fake identity or residence location to use for doing money laundering.
All regulated stock trading brokers must comply with this requirement prior to opening a stocks account for a new client.
Now once you have scanned or taken pictures of these stock trading account opening forms:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence Details - Color copy of a 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 opening sign up forms plus above documents, your application will be processed & you'll be given a log-in account number & a login password for Stock Account.
Once you upload these supporting documents your account will then be verified. 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's more of a legal requirement than a mere formality, your stocks broker must follow this policy and 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 & start 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 account opening form provided by a stock trading broker. The stocks account opening form can be obtained from your stocks trading broker.
The process of opening a Stocks Account is one where your stock broker will also require that you 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 is issued by authorities (example. Driver's license, identity card, etc). The identification document must contain client's full name, an issue or expiry date, the client's place & 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 signed up 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 registering 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 Find where to upload the required accompanying documents look for option 'Upload Documents'. Please note after opening your stocks account it'll not get validated until you have completed uploading these supporting documents.
Please note if you don't upload the above required documents your stocks account will not be verified - Make sure that you upload the above documents to get your trading account verified. More than 50% of all beginners don't succeed in opening 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 and you can start trading with your account within 5 minutes. Take 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 signup form that your stock trading 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 the 'Account Verification' on your trading account will reflect as Validated and 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 opening their stock trading account because they fail to upload the required accompanying documents.
Why is a Copy of Identity Card & Utility Bill that Has My Name Required?
These documents are required by your stock broker to guard against money laundering. AML, or Anti Money Laundering Rules & Regulations require that all stocks brokers ask proof of ID and Residence with your name on so as to certify that you as a trader are a citizen of the country that you claim you are from as well as a Copy of Utility Bill that shows the exact location details where you reside, that way you can't come up with some fake identity or residence location to use for doing money laundering activities.
All regulated stock trading brokers must comply with this requirement prior to opening a trading account for a new client.
Once your stocks broker receives these trading stocks account opening application forms plus the above documents, your application will be processed and you'll be assigned a log in number & a password for the real stock trading account.
Once your uploaded documents are approved by your stocks broker - your stocks account will then be verified. Your log in details will be sent to your email address. Example of a verified account is shown below:
This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your stocks broker must follow this policy and 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 & start 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 Cabinet Members Area for Making Stocks Trading Account Deposit & 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 examples: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller and Western Union money transfer techniques as displayed below.
