How to Open a Live Gold Trading Account

Gold Trading Account Example - To open a Live Gold Trading Account you can go to an online xauusd trading broker website and open Gold Trading Account. Once you go to the xauusd trading broker of your choice and select this option of opening a Live Gold Trading Account, you will then have to fill some online gold trading account opening forms, the gold trading step by step process of filling these gold trading account opening forms is explained in this Open Live Gold Trading Account Tutorial Lesson - Gold Trading Account Example.

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

How to Open an Online XAUUSD Trading Account

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

The process of opening a real xauusd trading account is one where your xauusd broker will also require you to upload the following documents:

What Documents Are Needed To Open An Online XAUUSD Trading Account

1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document 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 and date of birth or tax identification number and the 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 the last 6 months and confirming your registered address.

You can use your mobile phone to take pictures of these documents and upload them directly from your phone(this is the best option when opening a xauusd trading account). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account

To Find where to upload these documents look for the option "Upload Documents". Please note after opening your gold trading account it will not get validated until you have completed uploading these supporting documents.

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

These documents are required by your gold broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all gold brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

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

Now once you have scanned or taken pictures of these gold trading account opening forms:

2.Proof of ID - Color copy of ID card or Passport

3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with recent date, 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 download the pictures from your phone to your computer and then upload these pictures from your computer.

Once your online gold broker receives the online gold trading account opening application forms plus the above documents, your application will be processed and you will be assigned a gold login number and a gold login password for the live xauusd trading account.

Once you upload these documents your gold trading account will then be validated. Your gold login details will be sent to your email address.

This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your gold broker must follow this policy and try to do everything to know who their client is, in order to safeguard against any money laundering activity.

You can then use your details to log into your MT4 platform and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the gold broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your xauusd trading broker account.

How to Open an Online XAUUSD Trading Account

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

The process of opening a real xauusd trading account is one where your xauusd broker will also require you to upload the following documents:

What Documents Are Needed To Open An Online XAUUSD Trading Account

1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document 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 and date of birth or tax identification number and the 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 the last 6 months and confirming your registered address.

You can use your mobile phone to take pictures of these documents and upload them directly from your phone(this is the best option when opening a xauusd trading account). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your xauusd trading account login clients area on the website of your gold broker

To Find where to upload these documents look for the option "Upload Documents". Please note after opening your gold trading account it will not get validated until you have completed uploading these supporting documents.

Please note if you do not upload the above documents your gold trading account will not be validated - Make sure you upload the above documents to get your gold trading account validated. More than 50% of all new traders do not succeed in opening their gold trading account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your gold trading account will be validated and you can start trading with your account within 5 minutes. Just take a color picture of these two documents with your smart phone and upload these directly to your xauusd trading broker website using your mobile phone browser.

Where to Upload Documents on the XAUUSD Trading Account

Once you have filled the account opening forms that your xauusd broker will have provided you with, you will get access to the your trader cabinet: This will now be your xauusd trading account.

The "Upload Documents" Button can then be accessed from within this trader cabinet and as a gold 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 xauusd trading account.

This process may seem simple but more than 50% of all new traders do not succeed in opening their gold trading account because they fail to upload the required accompanying documents.

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

These documents are required by your gold broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all gold brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

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

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

Once your uploaded documents are approved by your gold broker - your account will then be validated. Your login details will be sent to your email address. An example of a validated account is shown below:

This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your gold broker must follow this policy and try to do everything to know who their client is, in order to safeguard against any money laundering activity.

You can then use your details to log into your MT4 platform and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the gold broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your xauusd trading broker account.

Traders Cabinet Members Area for Making Deposits and Withdraws Request

Withdraw and deposit options provided from within the gold 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 an account early as it only takes a few minutes to open and validate your account early.

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