Procedure for Register Stocks Trading Account
Procedure of Register Stock Trading Account Discussed
How to Open Stocks Trading Account
To open a Stock Trading Account you can go to a broker site & open a Stock Trading Account. Once you go to the broker of your choice & select this Stock Trading Account Register option, you will then have to fill some online forms, the stock trading step by step process of filling these forms is described in this tutorial - Register Stock Trading Account - Register Stock Account Register Procedure.
With this Register Stock Trading Account you can trade the following: Stock, Stock, Silver, Stock Indices, Oil, Futures and CFDs.
How to Open Stocks Trading Account
To open this real stocks trading account, a trader has to fill some stock account register forms provided by a stocks trading broker. The stock trading account register form can be obtained from your stocks trading broker.
Process of registering a Stock Account is one where your stocks broker will also require you to upload following required supporting documents:
What Documents Are Needed To Open A Stock Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification document or valid passport document issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have 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 - Color copy of a utility bill - A recent utility bill (e.g. Electricity, phone, water, gas, oil, Internet and/or cable TV connection, bank account statement) dated within last 6 months & validating your registered address location.
You can use your phone to take the snapshots 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 the pictures to your PC computer then upload these supporting documents on to your account
To Find where to upload these required documents search for the option "Upload Documents". Please note that after signing up your account will not get to be verified until time that you'll complete to upload the copies of accompanying documents.
Why is a Copy of My ID and Utility Bill Document that Has My Name Required?
These documents are required by your stocks broker to safe guard against any money laundering activity. AML, or Anti Money Laundering Rules necessitate that all brokers asks for proof of ID and Residence that has your name on it so that to verify and certify that you're a citizen of the country you state you come from as well as a Copy of Utility Bill copy that confirms your exact location information of where you reside, this way you cannot create a fake identity or a fake residence to use for money laundering.
All regulated stock brokers must comply to this requirement before signing up a stocks account for a new client.
Now once you've scanned or taken pictures of these stock trading account register 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 trading account sign-up forms plus the above supporting required document color copies, you can use your camera phone to take color photos of the above documents, then download the pictures from your phone to your PC Desktop computer and then upload these photos from your Desktop PC computer.
Once your stock broker receives the stock trading account register application forms plus the above documents, your application will be processed & you will be assigned a login account number & a login password for the Stock Trading Account.
Once you upload these required accompanying documents your account will then get validated. Your login details will be sent to your email address. An example of a validated stocks trading account is shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stock broker must follow this policy and 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 stocks software and begin trading on this verified stock account. You can also use the same stock log in credentials to sign in to your trader cabinet on the broker web site. On the stock myaccount area trader cabinet you can deposit money, withdraw money and view trading reports of your stocks trading broker account.
How to Open Stock Trading Account
To open this stocks trading account, a trader has to fill some trading account sign up forms provided by a stocks trading broker. The stock trading account register form can be obtained from your stock broker.
Process of registering a Stock Account is one where your stocks broker will also require you to upload following required supporting documents:
What Documents Are Needed To Open Stocks Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification document or valid passport document issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have 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 - Color copy of a utility bill - A recent utility bill (e.g. Electricity, phone, water, gas, oil, Internet and/or cable TV connection, bank account statement) dated within last 6 months & validating your registered address location.
You can use your phone to take the snapshots 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 the pictures to your PC computer then upload these supporting documents on to your account
To Find where to upload these required documents search for the option "Upload Documents". Please note that after signing up your account will not get to be verified until time that you'll complete to upload the copies of accompanying documents.
Please note if you do not upload above documents your stock trading account won't be verified - Make sure you upload above required accompanying documents to get your account verified. More than 50% of all new traders don't succeed in signing up their stock trading account because of failing to upload the required accompanying documents. If you correctly upload all required documents then your trading account will be validated and you can begin trading with your trading account within 5 minutes. Take a color picture of these two documents with your smartphone and upload these supporting documents directly to your stocks broker site using your mobile phone browser.
Where To Upload Documents on The Stock Trading Account
Once you have filled the account register forms that your stocks broker will have provided you with, you will get access to the client cabinet: This will then now be your stocks trading account.
The "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.
Once you finish uploading correct documents on "Account Verification" on your trading account will reflect as Validated & you can then start trading on this stocks trading account.
This process might seem simple but more than 50 % of all new traders don't succeed in signing up their stock account due to the reason that they fail to upload the required supporting documents.
Why is a Copy of ID and Utility Bill Document with My Name on Them Being Required?
These accompanying documents are required by your stocks broker to safe-guard against any money laundering activity. AML, or Anti Money Laundering Regulations necessitate that all brokers asks for proof of ID and Residence that has your name on it so that to verify and certify that you're a citizen resident of the country you state you come from as well as a Copy of a Utility Bill copy that confirms your exact location information of where you reside, this way you cannot create a fake identity or a fake residence to use for money laundering.
All regulated stocks brokers must comply to this requirement before signing up a account for a new client.
Once your stock broker receives these stock trading account register registration forms plus above documents, your application will be processed & you'll be assigned a login account number & a password for the real stocks trading account.
Once your uploaded documents are approved by your stock broker - your stock account will then get validated. Your log in details will then be sent to your e mail address. Example of a verified account is illustrated below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stock broker must follow this policy and 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 login details to log in to your trader cabinet on stock broker web site. On the stock myaccount area trader cabinet you can deposit money, withdraw money and view trading reports of your stocks trading broker account.
Stocks Traders Cabinet Members Area for Making Stock Account Deposits and Withdraws Request
Withdraw and deposit options provided from within the traders cabinet where stocks traders can deposit & make withdraws from various options provided, for example: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller & Western Union money transfer techniques as shown below.
