How to Open a Live Metal Trading Account

How to Open a Live Metals Trading Account

To open a Live Metals Trading Account you can go to an online metal trading broker website & open one. Once you go to the broker of your choice and choose this option, you will then have to fill some online forms, the metals trading step by step process of filling these forms is explained in this article.

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

Metal Trading How to Open an Online Metals Trading Account

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

The process of opening a real metal account is one where your metal broker will also require you to upload following required supporting documents:

What Documents Are Required To Open An Online Metal Trading Account?

1. Proof of ID - Color copy of ID document or Passport - A color copy of official identification card document or valid passport issued by authorities (example. Driver's license, identity card, etc). 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 & 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 last 6 months & confirming your signed up address.

You can use your phone to take the photos of these documents and upload them direct from your phone(this is the best option when opening a metal trading account). Alternatively, use a digital camera, upload pictures to your PC desktop computer and then upload these saved documents on to your account

To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note that after opening your metals trading account it won't get to be validated until you've completed uploading these supporting document copies.

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

These accompanying documents are required by your metals broker to safe-guard against money laundering. AML, or Anti Money Laundering Rules & Regulations require that all metals brokers ask for proof of ID & Residence with your name so as to certify that you as a trader are a citizen of the country that you claim you are from as well as a Copy of Utility Bill that shows your exact location details where you reside, that way you can't create some fake identity or residence location to use for doing money laundering.

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

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

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

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

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

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

Once you upload these required accompanying documents your account will then get validated. Your log in details will be sent to your email address. An example of a verified account is illustrated and shown below:

This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your metal broker must follow & comply with this policy and try to do everything they can so as to know who their client is, in order to ensure that they safeguard against any money laundering activity.

You can then use your details to log into your MT4 platform & begin trading on this verified account. You can also use the same log in details to login to your trader cabinet on the broker website. On the metals myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your metal trading broker account.

Metals Trading How to Open an Online Metal Trading Account

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

The process of opening a real metal account is one where your metal broker will also require you to upload following required supporting documents:

What Documents Are Required To Open An Online Metals Trading Account?

Please note if you do not upload above documents your account won't be validated - Make sure you upload above documents to get your account verified. More than 50% of all new traders don't succeed in opening their metals trading account because they fail to upload required accompanying documents. If you correctly upload all the accompanying documents then your account will be verified and you can start trading with your account within 5 minutes. Take a color picture of these 2 documents with your smart-phone and upload these direct to your metal trading broker web-site using your phone browser.

Where To Upload the Documents on The Metal Trading Account

Once you have filled and Submitted account opening forms that your metal broker will have provided you with, you will get access to the trade cabinet: This will then be your metal trading account.

"Upload Documents" Button can then be accessed from within this myaccount area trader cabinet & as a trader you can upload your documents using this button key.

Once you complete uploading correct documents on "Account Verification" on your trading account will reflect as Validated & you as a trader can use then begin trading on this metal trading account.

This process may seem simple but more than 50% of all new beginner traders do not succeed in opening their metals account due to failure to upload required accompanying documents.

Why are Copies of My ID & Utility Bill Document that Have My Name Required?

These accompanying documents are required by your metals broker to safe-guard against money laundering. AML, or Anti Money Laundering Rules & Regulations require that all metals brokers ask proof of ID and Residence with your name so as to certify that you as a trader are a citizen of the country that you claim you are from as well as a Utility Bill that shows your exact location details where you reside, that way you cannot create some fake identity or residence location to use for doing money laundering.

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

Once your online metals broker receives these online account opening sign up forms plus the above documents, your application will be processed and you will be given log in account number and password for the live metal trading account.

Once your uploaded documents are approved by your metals broker - your account will then get validated. Your log in details will be sent to your email address. An example of a verified account is illustrated and shown below:

Metals Traders Cabinet Members Area for Making Metal Account Deposits & Withdraws Request

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

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