Commodity Trading Open Live Account Commodities
The commodity step by step procedure of how to open a live commodity account:
How to Open a Live Commodities Trading Account
To open a Live Commodity Trading Account you can go to an online commodity broker website and open one. Once you go to the broker of your choice and select this option, you will then have to fill some online forms, the commodity step by step process of filling these forms is described in this guide.
With this online commodity account you can trade the following: Commodities, Commodities, Silver, Oil, CFDs, Futures and Indices.
How to Open an Online Commodities Trading Account
To open 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.
Process of opening a real commodities trading account is one where your commodity broker will also need you upload the following supporting documents:
What Are the Documents That are Required To Open 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 contain 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 a 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 validating your signed up address location.
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 Get to where to upload the required accompanying documents look for the option 'Upload Documents'. Please note that after opening your commodity account it'll not get validated until you have completed uploading these supporting documents.
Why is a Copy of My ID & Utility Bill Document that Has My Name on Them Required?
These documents are required by your commodity broker to safeguard against money laundering activities. 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 opening a trading account for a new client.
Now once you have scanned or taken pictures of these commodities trading account opening 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 6 months).
Upload the above forms plus the above accompanying documents color copies, you can use your phone camera to take color pictures of the above accompanying documents, then down-load the pictures from your phone to your PC computer PC & then upload these pictures from your Desktop PC computer.
Once your online commodity broker receives the online commodities trading account opening 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 is 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 details to log into your MT4 commodity platform and 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 web site. On the commodity myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your commodity broker account.
How to Open an Online Commodity Trading Account
To open this Commodities real 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.
Process of opening a real commodities trading account is one where your commodity broker will also need you upload the following supporting documents:
What Are the Documents That are Required To Open 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 contain 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 a 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 validating your signed up address location.
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 Get to where to upload the required accompanying documents look for the option 'Upload Documents'. Please note that after opening your commodity 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 account will not be verified - Make sure you upload above accompanying documents to get your trading account verified. More than 50% of all beginner traders don't succeed in 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 verified and you can start trading with your trading account within 5 minutes. Take color picture of these two documents with your smartphone & upload these directly to your commodity broker website using your mobile phone browser.
Where To Upload Copies of Documents on The Commodity Trading Account
Once you have filled the commodity account opening forms that your commodity trade 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.
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 account.
This process might seem simple but more than 50 % of all new beginner traders do not succeed in opening their commodities trading account because they fail to upload the required accompanying documents.
Why is a Copy of My ID and Utility Bill Document with My Name Required?
These documents are required by your commodity broker to safeguard against money laundering activities. 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 opening a commodity account for a new client.
Once your online commodity broker receives these online commodity account 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 sign in credentials will be sent to your e-mail address.
This is KYC - Know Your Client, it is 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 and 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 the broker web site. On the commodity myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your commodity broker account.
Commodities Traders Cabinet Members Area for Making Commodity Trading Account Deposits & Withdraws Request
Withdraw and deposit options provided from within the traders client cabinet area where commodities traders can deposit and make withdraws from the various options provided, for examples: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram & Western Union money transfer techniques as illustrated below.
Open a live commodity account - As you complete this learn Commodities course, open a commodity account early as it only takes a few minutes to open & validate your commodity account early.
