Trade Gold Trading

How to Open a Real Trading Account

Gold Trading Step by Step Procedure

How to Open Real Account

To open a Real Trading Account you can go to a broker website and open a How to Open Real Account. Once you go to trading broker of your choice and choose this Trading Live Account Registration option, you'll then have to fill some forms, trading step by step procedure of filling these forms is described in this tutorial - Real Account Registration Procedure.

With this Gold Live Account you can transact the following: XAUUSD, Gold, Silver, Oil, CFDs, Futures and Stock Indices.

How to Open an Online Trading Account

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

Process of opening a real account is one which the broker will also require you to upload following required accompanying docs:

What Are the Documents That are Required To Register An Online Trading Account?

1. Proof of ID - Colour copy of Identity card or Passport - A colour copy of official ID doc or valid passport or another document issued by the authorities (.e.g. Driver's license, identity card, etc). The ID document must have the client's full names, an issue or an expiry date, client's place & the date of birth or tax ID No. & the client's signature.

2. Proof of Residence Location - A Colour copy of utility bill - A Recent dated utility bill (for example. Electricity, phone, water, gas Internet connection, pay TV connection, bank account statement) dated within the last 3 months & validating your signed up address location.

You can use your phone device to snap the photos of these documents & upload them directly from your mobile phone(this is the best option when signing up a account). Alternatively you can use a digital camera, upload pictures to your desktop PC computer and then upload these supporting documents to your trading account

To Find where to upload the required supporting documents look for the option 'Upload Docs'. Please note after registering your account it will not get to be validated until the time that you will complete to upload copies of the supporting docs.

Why is a Copy of Identity Card & Utility Bill that Has My Names Needed?

These documents are required by your online broker to safeguard against any money laundry activity. AML, or Anti-Money Laundry Guidelines require online brokers ask for proof of Identity & Residence location with your full name so that to verify that you you're a residential citizen of the specific country which you say you're from as well as a Copy of a Utility Bill that displays your precise current residence location, that way you cannot create a fake identity or a fake residence to use for money laundry activities.

All regulated online brokers must comply with this requirement before signing up a trading account for a new client.

Now once you have scanned or taken images of these account opening forms:

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

3. Proof of Residence Location - Color copy of utility bill, electricity bill etc. (bill with recent date, dated within last three months).

Upload the above forms in addition to the above doc colour copies, you can use your digital camera phone to take color photos of above documents, then download the pictures from your phone to your PC computer and then upload these photos from your PC computer.

Once your online broker gets the online trading account registering application forms plus the above documents, your application will be processed & you'll be given a log in trading account number & a log in password for the live account.

Once you upload the supporting documents your account will then be verified. Your sign in authorization details will be sent to your EMail address. An example of a validated account is shown below:

This is K.Y.C. - Know Your Client, it is more of a legal requirement than just a formality, your broker must follow this policy and try to do everything to know who their customer is, so as to safeguard against any money laundering activity.

You then can use your particulars to log into your MetaTrader 4 software & start trading on this validated account. You also can use the same gold sign in details to login to your trader cabin on the broker site. On the my-account area client cabin area you can deposit money, withdraw money & view reports of your online broker trading account.

How to Open an Online Trading Account

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

Process of opening a live account is one which the online broker will also need you to upload the following accompanying document copies:

What Are the Docs That are Required To Sign Up An Online Trading Account?

1. Proof of ID - Colour copy of Identity card or Passport - A colour copy of official ID doc or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The ID doc must have the client's full names, an issue or an expiry date, client's place and the date of birth or tax identification No. And the client's signature.

2. Proof of Residence Location - A Colour copy of utility bill - A Recent dated utility bill (for example. Electricity, phone, water, gas Internet connection, pay TV connection, bank account statement) dated within the last 3 months & validating your signed up address location.

You can use your mobile phone device to snap the photos of these docs and upload them directly from your phone(this is the best option when registering a account). Alternatively you can use a digital camera, upload pictures to your desktop PC computer & then upload these accompanying docs to your account

To Find where to upload the required accompanying docs look for the option 'Upload Documents'. Please note after registering your account it will not get to be validated until the time that you will complete to upload copies of the supporting documents.

Please note if you don't upload the above required documents your account won't be verified - Make sure you upload the above documents to get your account verified. More than 50% of all the beginner traders do not succeed in signing up their trading account because of failing to upload the supporting documents. If as a trader you correctly upload all required supporting docs then your trading account will be verified and you can begin trading with your account within 5 minutes. Take color photo of these two docs with your smart-phone & upload these supporting documents directly to your broker website using your mobile phone browser.

Where to Upload Docs on the Trading Account

Once you have filled account registration form that your broker will have provided you as a gold trader with, you will get access to your myaccount area trader cabin: This will now then be your xauusd account.

'Upload Docs' Button then can be accessed from this client cabin area and as a xauusd trader you can upload your supporting documents using this button.

Once you finish uploading the correct docs on 'Account Verification' on your trading account will then reflect as Validated & you can then begin trading on this account.

This process might seem simple but more than 50 % of all beginner traders don't succeed in signing up their account due to the failure to upload required accompanying docs.

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

These documents are required by your online broker to safeguard against any money laundry activity. AML, or Anti Money Laundering Regulations require brokers request for proof of Identity and Residence location with your full name so as to verify that you your'e a resident citizen of the specific country you claim you are from as well as a Copy of a Utility Bill that displays your precise current residence location, that way you can not create some fake identity or some fake residence to use for money laundering.

All regulated brokers must comply to this requirement before opening a trading account for a new client trader.

Once your broker gets these online trading account opening application forms plus the above documents, your registration application will be processed and you will be given a login number & a password for the real account.

Once the up-loaded documents are validated by your online broker - your account will then be verified. Your login authorization details will be sent to your E Mail address. Example of a validated account is illustrated below:

This is K.Y.C. - Know Your Client, it is more of a legal requirement than just a formality, your online broker must follow this policy & try to do everything to know who their client really is, so as to safeguard against any money laundering activity.

You can then use your credentials to log in to your MetaTrader 4 platform & start trading on this verified account. You also can use same login details to log in to your client cabin area on the online broker website. On the my-account area client cabin area you can deposit money, withdraw money & view reports of your broker account.

Traders Members Area for Making Account Deposit & Withdraw Request

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

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