How to Open a Live Stock Trading Account
Stock Account Examples - To open a Live Stock Trading Account you can go to an online stocks trading broker web site & open Stock Trading Account. Once you go to the broker of your choice and choose this option of opening a Live Stock Account, you will then have to fill some online stock trading account opening forms, the stock trading step by step process of filling these stock trading account opening forms is explained in this Open Live Stock Account Lesson Course - Stock Trading Account Example.
With this online trading account you can trade the following: Stock, Stock, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open an Online Stock Trading Account
To open this live stocks trading account, a trader has to fill some online stock account opening forms provided by a stocks trading broker. The stock account opening online form can be obtained from your online stocks trading broker.
Process of opening a real stocks account is one where your stocks broker will also need you upload the following supporting documents:
What Are Documents Needed To Open An Online Stocks Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official identification document that is issued by the authorities (e.g. Driver's license, identity card, etc). The identification document must contain client's full name, an issue or expiry date, the client's place & date of birth or tax identification number & client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last Six months & confirming your registered address location.
You can use your phone to take the snap-shots of these documents and upload them directly from your phone(this is the best option when opening a stocks account). Alternatively, use a digital camera to take snap shots, upload the pictures to your PC computer then upload these supporting documents on to your trading account
To Find where to upload these required accompanying documents search for the option 'Upload Documents'. Please note that after opening your stock trading account will not get verified until time you complete uploading document copies of these accompanying supporting documents.
Why is a Copy of My Identity Card and Utility Bill that Has My Name Required?
These documents are required by your stocks broker to safeguard against money laundering activities. AML, or Anti Money Laundering Regulations necessitate that all stock brokers ask proof of ID & Residence that has your name so as to verify that you're a citizen of the country you claim you're from as well as a a Copy of Utility Bill that confirms your exact location where you reside, this way you cannot come up with a fake identity or a fake residence to use for money laundering.
All regulated stock brokers must comply to this requirement before opening a stocks account for a new client.
Now once you have scanned or taken pictures of these stock 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 a recent date, dated within the last six months).
Upload the above account sign-up forms plus above supporting required document color copies, you can use your camera phone to take color photos of above documents, then download the photos from your phone to your PC computer & then upload these photos from your Desktop PC computer.
Once your online stock broker receives the online stock trading account opening application forms plus the above documents, your application will be processed and you will be assigned a stock log in number & a stock login password for the live stocks trading account.
Once you upload these supporting documents your stock account will then get verified. Your stock sign in details will be sent to your e-mail address.
This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your stock broker must follow this policy & try to do everything to know who their client is, in order to guard against money laundering activities.
You can then use your details to log into your MT4 platform & start trading on this verified account. You can also use the same log in details to log in to your trader cabinet on stock broker website. On the trader cabinet you can deposit money, withdraw money & view trading reports of your stocks trading broker account.
How to Open an Online Stocks Trading Account
To open this stocks trading account, a trader has to fill some online stock account opening forms provided by a stocks trading broker. The stock account opening online form can be obtained from your online stock trading broker.
Process of opening a real stocks account is one where your stocks broker will also need you upload the following supporting documents:
What Are Documents Needed To Open An Online Stock Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official identification document that is issued by the authorities (e.g. Driver's license, identity card, etc). The identification document must contain client's full name, an issue or expiry date, the client's place & date of birth or tax identification number & client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last Six months & confirming your registered address location.
You can use your phone to take the snap-shots of these documents and upload them directly from your phone(this is the best option when opening a stocks account). Alternatively, use digital camera to take snap shots, upload pictures to your PC computer then upload these saved documents onto your stocks account login clients area on the site of your stock trading broker
To Find where to upload these required accompanying documents search for the option 'Upload Documents'. Please note that after opening your stock trading account will not get verified until time you complete uploading document copies of these accompanying supporting documents.
Please note if you do not upload above documents your stock trading account will not be verified - Make sure you upload the above required accompanying documents to get your stock account validated. More than 50% of all new stock traders don't succeed in opening their stock trading account because they fail to upload the required accompanying documents. If you correctly upload all required supporting documents then your stock account will be verified & you can begin trading with your account within 5 minutes. Just take a color picture of these two documents with your smartphone & upload these direct to your stocks broker site using your phone browser.
Where To Upload Documents on The Stocks Trading Account
Once you have filled the account opening form that your stocks trade broker will have provided you with, you will get access to the trader cabinet: This will then now be your stocks trading account.
'Upload Documents' Button Key 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 the 'Account Verification' on your account will reflect as Validated & you can then start trading on this stocks trading account.
This process may seem simple but more than 50% of all new stock traders don't succeed in opening their stock account due to the reason that they fail to upload the required supporting documents.
Why is a Copy of My Identity Card and Utility Bill Document with My Name Required?
These documents are required by your stocks broker to safeguard against money laundering activities. AML, or Anti Money Laundering Regulations necessitate that all stock 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 a Copy of a Utility Bill that shows your exact location where you reside, this way you cannot come up with a fake identity or a fake residence to use for money laundering.
All regulated stock brokers must comply to this requirement before opening a stocks account for a new client.
Once your online stock broker receives these online stock trading account opening application forms plus the above documents, your application will be processed and you will be assigned a log in number & a password for the live stocks trading account.
Once your uploaded documents are approved by your stock broker - your account will then get validated. Your login 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's more of a legal requirement than a mere formality, your stock broker must follow this policy & try to do everything to know who their client is, in order to guard against money laundering activities.
You can then use your details to log into your MT4 platform & start trading on this verified account. You can also use the same log in details to log in to your trader cabinet on stock broker website. On the trader cabinet you can deposit money, withdraw money & view trading reports of your stocks trading broker account.
Stocks Traders Cabinet Members Area for Making Stocks Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders cabinet where traders can deposit & 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 real account - As you complete this learn Stock course, open an account early as it only takes a few minutes to open and validate your account early.
How to Open Stock Trading Account - How to Open Stock Trading Account - How to Open Live Stock Trading Account - Stock Trading Account Example
