How to Open Live Trading Account
Gold Account Example - To open a Live Account as a trader you can go to an online broker web site & open Trading Account. Once you go to broker of your choice & select this option of opening a Real Account, you'll then have to fill some online account opening forms, the trading step by step guide of filling these account opening forms is explained in this Open Live Account Course Lesson - Gold Account Example.
With this online account you can trade the following: Gold, Gold, Silver, Oil, CFDs, Futures & Stock Indices.
How to Open an Online Account
To sign up this real account, one has to fill some online account registration form provided by a broker. The gold account sign up online form can be obtained from your online broker.
The procedure of opening a real xauusd account is one where your broker also will require you to also upload following supporting documents:
What Are the Documents Which are Needed To Open An Account?
1. Proof of ID - Color copy of Identity card or Passport - A color copy of official ID document or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The ID document must have the trader's full name, an issue or expiry date, the customer's place & date of birth or tax ID number and customer's signature.
2. Proof of Residence - Colored copy of a utility bill - recently dated utility bill (example. Electricity, phone, water, gas Internet connection, cable TV connection, bank account statement) dated within last 3 months & validating your signed up address location.
You can utilize your phone to take snap-shots of these documents & upload directly from your phone(this the best option when signing up a trading account). Alternatively you can use a digi camera, upload snapshots to your PC computer & then upload these supporting documents to your account
To Find where to upload the required supporting documents look for the option 'Upload Documents'. Please note that after opening your account it will not get to be verified til the time you will complete to upload copies of the supporting documents.
Why is are Copies of Identity Card & a Copy of a Utility Bill which Has My Name Required?
The documents are required by your broker to guard against any money laundering activity. AML, or Anti Money Laundering Rules require all brokers ask for proof of your Identity and Residency with your full name so that to validate and certify that you are a residential citizen of the country you claim you are from as well as a Copy of Utility Bill that portrays your exact current residential location details of where you reside, that way you can not create some fake identity or fake residence to use for money laundering.
All regulated brokers must comply with this requirement prior to opening a account for a new client.
Now once you have scanned or taken pictures of these account sign up forms:
2.Proof of ID - Colored copy of Identity card or Passport Document
3. Proof of Residence - Colored copy of a utility bill, electricity bill etc. (bill with a recent date, dated in the last 3 months).
Up-load above forms plus the above document color copies, you can use your digital camera phone to take colour photos of above documents, then download the pictures from your phone to your Desktop PC computer & then upload these pictures from your Desktop computer PC.
Once your broker receives the online account sign up application forms plus the above documents, your application will be processed and you'll be assigned a gold login number and a gold sign in password for the real account.
Once you upload these supporting documents your gold account will then be validated. Your gold sign-in credentials will be sent to your e-mail address.
This is KYC - Knowing Your Customer, it is more of a legal requirement than a mere formality, your broker must follow this guide-line & try & do everything to know details of who their customer is, so as to guard 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 also can use same sign in details to login to your trader cabinet on the broker website. On the my-account area trader cabinet you can deposit money, withdraw money and view reports of your broker account.
How to Open an Online Account
To open this account, one has to fill some online account registration form provided by a broker. The gold account sign up online form can be obtained from your online trading broker.
The procedure of opening a real xauusd account is one where your broker also will require you to also upload following supporting documents:
What Are the Documents Which are Needed To Open An Account?
1. Proof of ID - Color copy of Identity card or Passport - A color copy of official ID document or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The ID document must have the trader's full name, an issue or expiry date, the customer's place & date of birth or tax ID number and customer's signature.
2. Proof of Residence - Colored copy of a utility bill - recently dated utility bill (example. Electricity, phone, water, gas Internet connection, cable TV connection, bank account statement) dated within last 3 months & validating your signed up address location.
You can utilize your phone to take snap-shots of these documents & upload directly from your phone(this the best option when signing up a trading account). Alternatively you can use a digi camera, upload pictures to your Desktop computer PC and then upload these saved documents to your account sign in clients area on the site of your broker
To Find where to upload the required supporting documents look for the option 'Upload Documents'. Please note that after opening your account it will not get to be verified til the time you will complete to upload copies of the supporting documents.
Please note if you don't upload above required documents your account will not be verified - Make sure you upload above documents to get your account verified. More than 50 % of all new traders don't succeed in opening their account because of the reason that they fail to upload the required supporting documents. If you correctly upload all the supporting documents then your account will be verified and you can begin trading with your account within five minutes. Just take colour photo of these 2 documents with your smart-phone and upload these supporting documents directly to your broker site using your phone browser.
Where to Upload Documents on the Account
Once you've filled account registration form that your broker will have given you, you will get access to your myaccount area client cabinet: This will now then be your trading account.
'Upload Documents' Button can then be accessed from within this trader cabinet and as a trader you can upload your documents using this button.
Once you finish uploading required documents on 'Account Verification' on your account will display as Validated & you can then begin trading on this account.
This process may seem simple but more than 50 % of all new traders don't succeed in opening their account due to failure to upload the required supporting documents.
Why is a Copy of My ID and a Copy of Utility Bill Document with My Name Required?
The documents are required by your broker to guard against any money laundering activity. AML, or Anti Money Laundering Rules require all brokers ask for proof of your Identity & Residency with your name so as to verify & certify that you're a resident citizen of the country you claim you are from as well as a Copy of Utility Bill that shows the exact residence location of where you reside, that way you can't create some fake identity or fake residence to use for money laundering.
All regulated brokers must comply with this requirement prior to opening a account for a new client.
Once your broker receives the online account sign up application forms plus the above documents, your application will be processed and you'll be assigned a login number and a password for the live account.
Once your uploaded documents are approved by your broker - your trading account will then be validated. Your sign-in credentials will be sent to your e mail address. Example of a verified account is shown below:
This is KYC - Knowing Your Customer, it is more of a legal requirement than a mere formality, your broker must follow this guide-line & try & do everything to know details of who their customer is, so as to guard 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 also can use same sign in details to login to your trader cabinet on the broker website. On the my-account area trader cabinet you can deposit money, withdraw money and view reports of your broker account.
Traders Cabinet Area for Making Gold Account Deposit and Withdraw Request
Withdraw & deposit options provided from within the traders cabinet where traders can deposit and make withdraws from the various options provided, for example: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer methods as shown below.
Open a live account - As you complete this learn Gold course, open a trading account early as it only takes a few minutes to open & validate your account early.
How Do I Register Account - How Do I Register Account - How to Open Live Account - Gold Account Example
