Trade Gold Trading

How to Open Live Gold Real Account

Gold Live Account Registration Procedure

To open a live gold account, visit an online broker's site and start the process. Pick your broker and choose the real account option. Fill the signup form online. A step-by-step guide to this form is in the open live account lesson.

Your online account lets you trade XAUUSD, stocks, gold, silver, oil, CFDs, futures, and indices.

XAUUSD Trading Step by Step Method of Real Account Opening Procedure

To open this Live Account, one has to fill some online Trading Live Account Signing Up Form provided by a online broker. The Gold Trading Real Account Opening Form can be gotten and obtained from your indices trading broker.

XAUUSD Live Trading Account License Procedure

The procedure to establish a live Gold trading account necessitates the broker requiring you to upload the following necessary supporting documentation:

What Are the Documents Which are Needed To Register An Account?

1. Proof of ID - Color copy of Identity card or Passport - A color copy of an official government-issued ID or a current passport or another official document (.e.g. Driver's license, identity card, etc). The official ID should have the Gold trader's complete name, when it was issued or when it expires, the customer's birth information or tax number, and the customer's signature.

2. Proof of Residency Location - Colour copy of a bill - Recently dated bill (e.g.. Electricity, phone, water, gas Internet connection, pay TV connection, bank account statement) dated within last Three months and validating/confirming your signed up address location.

You can utilize your phone to snap snap-shots of these docs & upload directly from your mobile phone(this the best option when signing up a account). Alternatively you can use a digital camera, upload snapshots to your Desktop computer & then upload these supporting documents to your account

To find the place where you can upload the necessary documents, search for the choice called 'Upload Documents'. Please remember that after creating your trading account, it will not be officially approved until you have finished uploading copies of the required documents.

Why are Copies of Identity Card and a Copy of Utility Bill with My Name Needed?

Brokers need these papers to stop money laundering. AML rules make all online firms ask for ID proof and home address with your full name. This checks that you, the gold trader, really live in the country you claim. Add a utility bill that shows your exact address. It blocks fake IDs or addresses for dirty money.

All regulated brokers must comply to this guideline before registering a account for a new client.

Now once you've scanned or taken pictures of the Live Account Opening Form:

2.Proof of ID - Colour copy of ID card or Passport Document

3. Proof of Where You Live - A color copy of a bill for utilities, like electricity (the bill should be recent, from the last 3 months).

Following the completion of the Gold Trading Real Account Opening Form, attach color copies of the aforementioned required documents. You can achieve this by capturing color photographs of these documents using your mobile phone camera, transferring the digital images to your computer, and subsequently uploading them from the computer.

Upon the online broker's receipt of the completed Online Trading Real Account Opening Form along with the aforementioned supporting documentation, your submission will be processed, and you will subsequently be issued a login ID and password for your live account.

Your Gold Real Account will be verified after you submit these supporting papers. Your Mail address will receive your login information and other specifics.

This is KYC - Know Your Client, it is more of a legal prerequisite requirement than a mere formality, your trading broker must adhere to this guideline and try to do everything to know info of who their client really is, so as to guard against money laundering activity.

Gold Real Account License Procedure

You can subsequently utilize the same credentials to log into your MT4 platform and commence trading through this officially verified account. These identical login details and particulars are also functional for accessing your client "mycabin" area on the online broker's website. Within the myaccount cabinet section, you maintain the capacity to fund your account, initiate withdrawals, and examine comprehensive reporting records pertaining to your broker account activities.

How to Open an Online Trade Account

To open a real account, fill out the online signup form from your broker. Get the Gold real account form from your online broker.

When opening a real gold account, the broker will require you to upload some papers that prove who you are and where you live.

XAUUSD Live Account Registration Procedure

What Are the Documents Which are Needed To Register An Account?

1. Proof of ID - Colour copy of ID card or Passport - You must provide a color image of your official ID, a valid passport, or another document from the government (like a driver's license or identity card). The ID must include the gold trader's full name, when it was issued or when it expires, the customer's birth date and place or tax ID number, and the customer's signature.

2. Proof of Residency Location - Colour copy of a bill - Recently dated bill (e.g.. Electricity, phone, water, gas Internet connection, pay TV connection, bank account statement) dated within last Three months and validating/confirming your signed up address location.

You have the option to use your mobile phone to capture images of these required documents and directly upload them during the account registration process (this is generally the most efficient method). Alternatively, you can use a digital camera, transfer the images to your desktop PC, and then upload these saved files via your broker's website into the client/customer portal for your live trading account.

To locate the designated area for uploading the necessary supplementary paperwork, look for the option labeled 'Upload Documents'. It is important to note that once you have opened your Live Account, it will remain unvalidated until you have successfully finalized the upload of these supporting documents.

Kindly remember that failure to submit the aforementioned necessary paperwork will result in your account remaining unverified. Ensure these specified documents are uploaded to finalize the validation of your Live Trading Account. Over half (more than 50%) of all newcomers to trading fail to successfully establish their Gold Real Account due to inadequate submission of the required documentation. Should you upload all corresponding documents correctly, your account will achieve validation status, allowing you to commence trading within five minutes. Simply capture a color photograph of these two documents using your smartphone and upload them straight to your broker's website via your mobile browser.

XAUUSD Live Trading Account License Procedure

Where to Upload Documents on the Real Account

Upon completion of the Real Account Opening Form furnished by your broker for you as a xauusd trader, you will gain entry to your personal client cabinet area, or 'myaccount'. This space will then become your Gold Real Account.

This client cabin area then has access to the 'Upload Documents' button, which you may use as a gold trader to upload your supporting papers.

Once the correct documents are uploaded under 'Account Verification,' your account will show as validated, enabling you to begin trading on a live account.

The process may appear straightforward: however, over 50% of novice traders fail to successfully register their accounts due to not uploading the required documents.

Why is are Copies of My ID and a Copier of Utility Bill that Has My Names Required?

The documents requested by your online broker are essential to prevent any money laundering activities. The Anti-Money Laundering (AML) guidelines mandate that all online brokers require proof of identity and residential address, including your full name, to verify that you, as a gold trader, are indeed a citizen of the country you claim to represent. Additionally, a copy of a utility bill is necessary to confirm your exact residential address, ensuring that you cannot create a fraudulent ID or residence address for money laundering purposes.

All licensed brokers must adhere to these guidelines before opening a trading account for a new client.

Your broker receives the real account opening form and documents. They handle your signup. You then get a login account number and password for the live account.

Once the up-loaded documents are verified by your broker - your account will then be verified. Your sign in details and particulars will be sent to your E Mail address. Explanation of a verified account is illustrated below:

This is KYC, or Know Your Client, which is more of a legal need than just a simple step: your trading company must follow this rule and try its best to find out who their client really is, in order to protect against actions like money being illegally moved around.

You can then use your credentials to log in to your MetaTrader 4 platform and begin trading on this verified account. You also can use same sign in details & particulars to sign in to your trader cabin on the online broker website. On the mycabin area trader cabin you can deposit money, withdraw money and view reports of your broker account.

Traders Cabinet Members Area for Making Trading Account Deposit and Withdraw Request

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

Open a real account - once you finish this XAUUSD course, go ahead and open your account. It only takes a few minutes to set up and verify everything.

Guide to Opening a Real Gold Trading Account - Procedure for Gold Real Account Setup - How to Initiate an Account - Gold Real Account Opening Instructions - Gold Trading Real Account Registration

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