How to Open a Live Trading Account

Account Examples - To open a Live Trading Account you can go to an online broker site and open Trading Account. Once you go to the broker of your choice and select this option of opening a Real Trading Account, you'll then have to fill some online account opening forms, the commodity step by step procedure of filling these account opening forms is explained in this Open Live Account Course Tutorial Lesson - Trading Account Example.

With this online trading account you can trade the following: Commodities, Commodities, Silver, Oil, CFDs, Futures and Indices.

How to Open an Online Trading Account

To open this live trading account, one has to fill some online account signup forms provided by a trading broker. The account opening online form can be obtained from your online broker.

Process of opening a real trading account is one where your broker will also require that you upload the following accompanying documents:

What Are the Documents That are Required To Open An Online 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 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 supporting documents look for the option "Upload Documents". Please note that after opening your account it won't get validated until you have completed uploading these accompanying documents.

Why is a Copy of My Identity Card and Utility Bill that Has My Name Required?

These documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules entail that all brokers ask proof of your Identity & Residence with your full name so that to validate and certify that you're a residential citizen of the country you claim your'e from as well as a Copy of a Utility Bill that displays your precise current residential location where abouts of where you reside, that way you can't create some fake identity or some fake residence to use for money laundering.

All regulated trading brokers must adhere and comply with this requirement before opening a account for a new client.

Now once you have scanned or taken pictures of these 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 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 broker receives the online trading account opening application forms plus the above documents, your application will be processed & you'll be assigned a commodity log in number & a commodity log in password for the live trading account.

Once you upload these accompanying documents your account will then be verified. Your commodity sign in authorization credentials 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 broker must follow this policy & 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 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 website. On the commodity myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your broker account.

How to Open an Online Trading Account

To open this trading account, one has to fill some online account signup forms provided by a trading broker. The account opening online form can be obtained from your online commodities trading broker.

Process of opening a real trading account is one where your broker will also require that you upload the following accompanying documents:

What Are the Documents That are Required To Open An Online 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 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 log in clients area on the website of your commodities trading broker

To Get to where to upload the required supporting documents look for the option "Upload Documents". Please note that after opening your account it won't get validated until you have completed uploading these accompanying documents.

Please note if you do not upload the above required documents your account won't be verified - Make sure you upload the above required documents to get your account verified. More than 50 percent of all new traders don't succeed in opening their commodities trading account because they fail to upload the required supporting documents. If you correctly upload all the required supporting documents then your account will be verified & you can begin trading with your trading account within five minutes. Take a color photo of these two documents with your smartphone and upload these docs direct to your broker site using your mobile phone browser.

Where To Upload Copies of Documents on The Trading Account

Once you've filled and Submitted the account opening forms that your 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 myaccount area trader cabinet and as a trader you can upload your documents using this button key.

Once you complete uploading the required documents on "Account Verification" on your trading account will reflect as Validated & you can then begin trading on this trading account.

This process might seem simple but more than 50% of all new traders don't succeed in opening their commodities trading account because they fail to upload the required supporting documents.

Why is a Copy of ID & Utility Bill Document with My Name Required?

These documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules entail that all brokers ask proof of your Identity & Residence with your full name so that to validate and certify that you're a residential citizen of the country you claim your'e from as well as a Copy of a Utility Bill that displays your precise current residential location where abouts of where you reside, that way you can't create some fake identity or some fake residence to use for money laundering.

All regulated trading brokers must adhere and comply with this requirement before opening a account for a new client.

Once your online broker receives these online account opening application forms plus the above documents, your application will be processed & you'll be assigned a login number & a password for the live trading account.

Once your uploaded documents are approved by your broker - your account will then get to be validated. Your log in authorization credentials 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 broker must follow this policy & 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 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 website. On the commodity myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your broker account.

Commodities Traders Members Area for Making Account Deposits and Withdraws Request

Withdraw and deposit options provided from within the traders client cabinet area where 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.

Open a real account - As you complete this learn Commodity Trading course, open an account early as it only takes a few minutes to open and validate your account early.

How to Open Account - How to Open Trading Account - How to Open Live Account - Trading Account Example