How to Open a Live Metals Trading Account
Metals Account Examples - To open a Live Metals Trading Account you can go to an online metal trading broker website & open Metals Trading Account. Once you go to the broker of your choice and select this option of opening a Live Metals Trading Account, you will then have to fill some online metals trading account opening forms, the metals trading step by step process of filling these metals trading account opening forms is explained in this Open Live Metals Account Course Lesson - Metals Trading Account Example.
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 metals account registration forms provided by a metal trading broker. The metals 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 My ID and Utility Bill Document that Has My Name Required?
These documents are required by your metal broker to safeguard against any money laundering activity. AML, or Anti Money Laundering Rules entail that all metal brokers ask for proof of ID and Residence with your name so that to verify that as a trader you are a citizen of the country you say you are from as well as a copy of a a Copy of a Utility Bill that shows your exact location of where you reside, that way you cannot create some fake identity or residence location to use for doing money laundering.
All regulated metals brokers must comply with this requirement prior to opening a metal account for a new client.
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 the above documents, your application will be processed and you will be assigned a metals login number & a metals sign in password for the live metal trading account.
Once you upload these supporting documents your metals account will then get verified. Your metals sign in details will be sent to your email address.
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 metals account registration forms provided by a metal trading broker. The metals 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?
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 supporting documents on to your metal account login clients area on the site of your metals broker
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.
Please note if you do not upload above documents your metals trading account won't be validated - Make sure you upload above documents to get your metals account validated. More than 50% of all new metals traders do not succeed in opening their metals account because of the reason that they fail to upload required accompanying documents. If you correctly upload all the supporting documents then your metals trading account will be verified & you can start trading with your account within five minutes. Take a color photo of these two documents with your smart-phone and upload these docs directly 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 metals 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 metal broker to safeguard against any money laundering activity. AML, or Anti Money Laundering Rules entail that all metal brokers ask for proof of ID and Residence with your name so that to verify that as a trader you are a citizen of the country you say you are from as well as a copy of a a Copy of a Utility Bill that shows your exact location of where you reside, that way you cannot create some fake identity or residence location to use for doing money laundering.
All regulated metals brokers must comply with this requirement prior to opening a metal account for a new client.
Once your online metals broker receives these online metals trading account opening application forms plus the above documents, your application will be processed and you will be assigned a login number & a 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:
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 Traders Cabinet Members Area for Making Metal Account Deposit & Withdraw 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.
Open a live account - As you complete this learn Metals course, open an account early as it only takes a few minutes to open and validate your trading account early.
How to Open Metals Account - How to Open Metals Trading Account - How to Open Live Metals Account - Metals Trading Account Example
