How to Open a Forex Live Account - Step by Step How to Open Live Forex Account
Forex Trading Live Account Open Procedure - Forex Trading Live Account Registration
Forex Real Account Signing Up Procedure - To open a Live Forex Live Account you can go to an online broker website and open Forex Account. Once you go to the Forex broker of your choice & select this option of opening a Live Forex Account, you'll then have to fill some online Forex Real Account Registering Form, the step by step process of filling these forex account - Forex Real Account Opening Form is described in this Open Live Forex Account Tutorial Lesson - Forex Real Account Opening Sign up.
With this online trading account you can trade the following: Forex, Online Stocks, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
Step by Step Procedure of Forex Real Account Opening Procedure
To open this live trading Forex Real Account, a trader has to fill some online Forex Real Account Opening Form provided by a Forex broker. The Forex Real Account Opening Form can be obtained from your online forex broker.
Forex Trading Live Account Open Procedure - Forex Trading Live Account Sign Up
Process of opening a real Forex trading account is one where your FX broker will also need you upload the following supporting documents:
What Are Documents Required To Open An Online Forex Live 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 the client's full name, an issue or expiry date, the client's place & date of birth or tax identification number and the client's signature.
2. Proof of Residence Location - Color copy of utility bill - A recent utility bill (example. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within the last Six months and validating your signed up address.
You can use your phone to take the pictures of these documents & upload them direct from your phone(this is the best option when opening a forex account). Alternatively, use digital camera to take snapshots, upload the pictures to your PC then upload saved documents on to your account
To Find where to upload these required accompanying documents search for the option 'Upload Documents'. Please note after opening your account it'll not get validated until you have completed uploading these supporting documents.
Why is a Copy of My ID and Utility Bill Document with My Name Required?
These documents are required by your Forex broker to safeguard against money laundering. AML, or Anti Money Laundering Rules entail that all forex brokers ask proof of ID & Residence with your name so as to verify that you are a resident citizen of the country you claim you're from as well as a Copy of Utility Bill that shows your exact location where you reside, that way you can't come up with some fake identity or fake residency location to use for money laundering.
All regulated Forex brokers must adhere & comply with this requirement prior to opening a forex account for a new client.
Now once you have scanned or taken pictures of the Forex Live Account Registering Form:
2. Proof of ID - Color copy of ID card or Passport
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 Forex Real Account Opening Form plus the 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 computer PC and then upload these pictures from your computer.
Once your online forex broker receives the online Forex Real Account Opening Form plus the above documents, your application will be processed & you'll be assigned a forex log in number and a forex sign in password for the live Forex trading account.
Once you upload these supporting documents your Forex Live Account will then be validated. Your forex login 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, in order to guard against money laundering activities.
Forex Trading Live Account Open Procedure - Forex Trading Live Account Registration
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 login details to log in to your trader cabinet on the Forex broker website. On my-account area client cabinet you can deposit money, withdraw money & view trading reports of your Forex broker account.
How to Open an Online Forex Trading Account
To open this Forex Real Account, a trader has to fill some online Forex Real Account Opening Form provided by a Forex broker. The Forex Real Account Opening Form can be obtained from your online forex broker.
Process of opening a real Forex trading account is one where your FX broker will also need you upload the following supporting documents:
Forex Trading Live Account Open Procedure - Forex Trading Live Account Registration
What Are Documents Required To Open An Online Forex 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 the client's full name, an issue or expiry date, the client's place & date of birth or tax identification number and the client's signature.
2. Proof of Residence Location - Color copy of utility bill - A recent utility bill (example. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within the last Six months and validating your signed up address.
You can use your phone to take the pictures of these documents & upload them direct from your phone(this is the best option when opening a forex account). Alternatively, use digital camera to take snapshots, upload pictures to your PC then upload saved documents on to your Forex Live Account login clients area on the website of your forex broker
To Find where to upload these required accompanying documents search for the option 'Upload Documents'. Please note after opening your Forex Live Account it will not get validated until you have completed uploading these supporting documents.
Please note if you do not upload the above required documents your forex account will not be validated - Make sure you upload the above documents to get your Forex Live Account validated. More than 50% of all new forex traders do not succeed in opening their Forex Live Account because they fail to upload the required accompanying documents. If you correctly upload all the supporting documents then your forex account will be verified and you can start trading with your trading account within five minutes. Take color photo of these 2 documents with your smartphone & upload these docs direct to your Forex broker website using your mobile phone browser.
Forex Trading Live Account Open Procedure - Forex Trading Live Account Registration
Where To Upload Documents on The Forex Live Account
Once you have filled the Forex Real Account Registering Form which your forex broker will have provided you with, you will get access to your trade cabinet: This will now then be your Forex Live Account.
The 'Upload Documents' Button can then be accessed from within this myaccount area client cabinet & as a trader you can upload your documents using this button.
Once you complete uploading the correct documents on the 'Account Verification' on your account will reflect as Validated and you can then start trading on this Forex Real Account.
This process might seem simple but more than 50% of all new forex traders do not succeed in opening their Forex account due to the reason that 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 Forex broker to safeguard against money laundering. AML, or Anti Money Laundering Rules entail that all forex brokers ask proof of ID & Residence with your name so as to verify that you are a resident citizen of the country you claim you're from as well as a Copy of Utility Bill that shows your exact location where you reside, that way you can't come up with some fake identity or fake residency location to use for money laundering.
All regulated Forex brokers must adhere & comply with this requirement prior to opening a forex account for a new client.
Once your online forex broker receives these online Forex Real Account Opening Form plus the above documents, your application will be processed & you'll be assigned a log in number and a password for the live Forex trading account.
Once your uploaded documents are approved by your broker - your account will then get to be validated. Your login details will be sent to your email address. An example of a verified account is displayed & 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, in order to guard against money laundering activities.
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 login details to log in to your trader cabinet on the Forex broker website. On my-account area client cabinet you can deposit money, withdraw money & view trading reports of your Forex broker account.
Forex Traders Members Area for Making FX Account Deposit & Withdraw Request
Withdraw and deposit options provided from within the traders cabinet where traders can deposit & make withdraws from the various options provided, for example: Credit Card and Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer methods as shown below.
Open a real account - As you complete this learn Forex course, open an account early as it only takes a few minutes to open & validate your account early.
How to Open Forex Live Account - Forex Real Account Signing Up Procedure - How to Open Forex Account - Opening Forex Live Account Procedure - Forex Real Account Opening Sign up
