Open Account

How to Open a Live Account

Open Live Account

To open a Open Account you can go to a broker site and open a Commodity Real Account. Once you go to the broker of your choice & select this Real Account Sign Up option, you'll then have to fill some forms, the commodity step by step procedure of filling these forms is described in this tutorial - Open Account - Open Account Sign Up Procedure.

With this Open Real Account you can trade the following: Commodities, Commodities, Silver, Indices, Oil, Futures and CFDs.

How to Open Account

To open this real account, one has to fill some account open forms provided by a broker. The account open form can be obtained from your broker.

Process of opening a Real Account is one where your broker will also require that you upload the following supporting documents:

What Documents Are Needed To open A 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 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 account it'll not get validated until you have completed uploading these accompanying documents.

Why is a Copy of My ID and a Copy of a 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 requires all brokers request for proof of Identity & Residence with your full name so that to validate that you your'e a citizen of the particular country you claim your'e from as well as a copy of Utility Bill that displays your precise current residential location, that way you can't create some fake identity or some fake residence to use for money laundering.

All regulated commodities 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 account open 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 broker receives the account open application forms plus the above documents, your application will be processed & you'll be assigned a sign in number and a log in password for the Real Account.

Once you upload these required supporting documents your account will then get to be validated. Your log in authorization credentials will be sent to your email address. An 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 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 and start trading on this verified account. You can also use the same commodity 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 reports of your broker account.

How to Open Account

To open this account, one has to fill some account sign-up forms provided by a broker. The account open form can be obtained from your commodities broker.

Process of opening a Real Account is one where your broker will also require that you upload the following supporting documents:

What Documents Are Needed To Open 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 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 account it'll not 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 validated. More than 50 percent of all new traders don't succeed in opening their commodities 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 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 broker site using your mobile phone browser.

Where To Upload Copies of Documents on The Trading Account

Once you have filled the account sign up 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 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.

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 account.

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

Why is a Copy of Identity Card & a Copy of Utility Bill with My Name Required?

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

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

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

Once your uploaded documents are approved by your broker - your account will then be verified. 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 and start trading on this verified account. You can also use the same 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 reports of your broker account.

Traders Cabinet Members Area for Making Account Deposit & Withdraw Request

Withdraw and deposit options provided from within the traders client cabinet area where traders can deposit & make withdraws from various options provided, for examples: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller & Western Union money transfer methods as displayed below.