Trading Commodities Sign Up for a Live Account Commodities
The commodity step by step procedure of how to sign up for live commodity account:
How to Sign Up a Live Commodity Trading Account
To Sign Up a Live Commodity Trading Account you can go to an online commodity broker site and Sign Up for an account. Once you go to the broker of your choice & select this option, you will then have to fill some online forms, the commodity step by step process of filling these forms is explained in this guide.
With this online commodity account you can trade the following: Commodities, Commodities, Silver, Oil, CFDs, Futures and Indices.
How to Sign Up an Online Commodity Trading Account
To Sign Up for this live commodities trading account, a trader has to fill some online forms provided by a commodities trading broker. The commodity sign up account opening online form can be obtained from your online commodity broker.
The process of Commodities Sign Up for a Live commodities trading account is one where your commodity broker will also require that you upload the following accompanying documents:
What Documents Are Needed To Sign Up for An Online Commodities Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have client's full name, an issue or expiry date, the 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 and confirming your registered address.
You can use your mobile phone to take pictures of these documents and then upload them directly from your mobile phone(this is the best option when opening a commodities trading account). Alternatively you can use your digital camera, upload the pictures to your desktop computer then upload the saved documents on to your account
To Find where to upload these accompanying documents look for the option "Upload Documents". Please note after Commodities Sign Up for your account it will not get verified until you've completed uploading these supporting documents.
Why is a Copy of Identity Card & Utility Bill that Has My Name Required?
These documents are required by your commodity 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 a Copy of Utility Bill that shows your exact residence location, that way you cannot create some fake identity or some fake residence to use for money laundering.
All regulated commodities trading brokers must adhere and comply with this requirement before Sign Up of a trading account for a new client.
Now once you have scanned or taken pictures of these commodities trading account Sign Up forms:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence - Color copy of a utility bill, electricity bill etc. (bill with recent date, dated within the last six months).
Upload the above forms plus the above document color copies, you can use your camera phone to take color pictures of the above documents, then down-load the pictures from your mobile phone to your PC computer and then upload these pictures from your computer.
Once your online commodity broker receives the online commodities trading account Sign Up application forms plus the above documents, your account application will be processed and you will be assigned a log in number and a sign in password for the live commodities trading account.
Once you upload these supporting documents your commodity account will then be verified. Your log in details will be sent to your email address. Example of a verified account is displayed and illustrated below:
This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your commodity 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 commodity account sign in credentials to log into your MT4 commodity platform & start trading on this verified commodity account. You can also use the same account log in details to login to your trader cabinet on the broker website. On the commodity myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your commodity broker account.
How to Sign Up an Online Commodities Trading Account
To Sign Up for this Commodity Trading Live account, a beginner trader has to fill some online forms provided by a commodities trading broker. The commodity sign up account opening online form can be obtained from your online commodities trading broker.
The process of Commodities Sign Up & opening a Live commodities trading account is one where your commodity broker will also require that you upload the following accompanying documents:
What Documents Are Needed To Sign Up for An Online Commodity Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have client's full name, an issue or expiry date, the 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 and confirming your registered address.
You can use your mobile phone to take pictures of these documents and then upload them directly from your mobile phone(this is the best option when opening a commodities trading account). Alternatively you can use your digital camera, upload the pictures to your desktop computer then upload the saved documents on to your account
To Find where to upload these accompanying documents look for the option "Upload Documents". Please note after commodity Sign Up for your account it will not get verified until you've completed uploading these supporting documents.
Please note if you do not upload above documents your account won't be validated - Make sure you upload the above documents to get your account verified. More than 50% of all new traders don't succeed in Commodities Sign Up when opening their commodities trading account because they fail to upload the required accompanying documents. If you correctly upload all the required supporting documents then your account will be validated and you can begin trading with your account within 5 minutes. Take a color picture of these 2 documents with your smartphone & upload these direct to your commodity broker website using your mobile phone browser.
Where To Upload Copies of Documents on The Commodities Trading Account
Once you have filled the commodity account Commodities Sign Up forms that your commodity trading broker will have provided you with, you'll get access to your myaccount area client cabinet: This will now then be your commodities trading account.
The "Upload Documents" Button Key can then be accessed from within this commodity myaccount area trader cabinet and as a trader you can upload your documents using this button key.
Once you complete uploading the correct documents on "Account Verification" on your account will reflect as Validated and you can then start trading on this commodities trading account.
This process might seem simple but more than 50 % of all new beginner traders do not succeed in Commodities Sign Up when opening their commodities trading account because they fail to upload the required accompanying documents.
Why is a Copy of My Identity Card and Utility Bill with My Name Required?
These documents are required by your commodity 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 a Copy of a Utility Bill that shows your exact residence location, that way you cannot create some fake identity or some fake residence to use for money laundering.
All regulated commodities trading brokers must adhere and comply with this requirement before commodity Sign Up & opening a commodity account for a new client.
Once your online commodity broker receives these online commodity account Commodities Sign Up opening application forms plus the above documents, your account application will be processed and you will be assigned an account login number and a password for the live commodities trading account.
Once your uploaded documents are approved by your commodity broker - your commodity account will then be verified. Your commodity account login details will be sent to your e-mail address.
This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your commodity 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 MT4 commodity platform & start trading on this verified commodity account. You can also use the same commodity account login details to log in to your trader cabinet on commodity broker website. On the commodity myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your commodity broker account.
Commodity Traders Cabinet Members Area for Making Commodities Account Deposit & Withdraw Request
Withdraw and deposit options provided from within the traders client cabinet area where commodities traders can deposit & make withdraws from the various options provided, for examples: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram & Western Union money transfer methods as shown below.
Sign Up for a live commodity account - As you complete this learn Commodities course, Sign Up for a commodity account early as it only takes a few minutes to Sign Up for a Live account and validate your commodity account early.
