Gold Trading Step by Step How to Open Gold Trading Account

How to Register Gold Trading Account

How to Open a Gold Account - To open a Gold Trading Account you can go to an online xauusd broker web site & open Gold Trading Account. Once you go to the broker of your choice and select this option of opening a Gold Account, you'll then have to fill some online Gold Trading Account Signup Form, gold trading step by step process of filling these xauusd account - Gold Trading Account Opening Form is explained in this Open Gold Trading Account Tutorial Lesson - Gold Trading Account Sign up.

With this online trading account you can trade the following: Gold, Online Stocks, Gold, Silver, Oil, CFDs, Futures and Stock Indices.

How to Open a XAUUSD Trading Account

To open this xauusd trading account, a trader has to fill some online Gold Account Opening Form provided by a xauusd trading broker. The Gold Trading Account Opening Form can be obtained from your online xauusd trading broker.

How to Register XAUUSD Trading Account

Process of opening a xauusd account is one where your gold broker will also require that you upload the following accompanying documents:

What Are the Documents Which are Needed To Open An Online Gold Trading Account?

1. Proof of ID - Color copy of ID document or Passport - A color copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). Identification document must have the client's full name, an issue or expiry date, client's place and date of birth or tax identification number and the 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 the last 6 months and validating your signed up 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 registering a xauusd account). Alternatively you can use a digital camera, upload the pictures to your Desktop computer & then upload these supporting documents to your trading account

To Get to where to upload the required accompanying documents look for the option "Upload Documents". Please note that after opening your gold account it will not get to be validated until the time that you will complete to upload these copies of the supporting required documents.

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

These documents are required by your gold broker to guard against money laundering. AML, or Anti Money Laundering Rules require that all gold brokers ask proof of your Identity and Residency with your name so as to verify and certify that you are a resident citizen of the country you claim you are from as well as a Copy of a a Copy of Utility Bill that shows your exact residence location of where you reside, that way you cannot create some fake identity or some fake residence to use for money laundering.

All regulated gold brokers must comply with this requirement prior to opening a xauusd account for a new client.

Now once you have scanned or taken pictures of the Gold Account Opening Form:

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

3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with a recent date, dated within the last 6 months).

Upload the above Gold Trading Account Opening Form plus the above document color copies, you can use your camera phone to take color pictures of the above documents, then down-load the pictures from your mobile phone to your computer and then upload these pictures from your computer.

Once your online gold broker receives the online Gold Account Opening Form plus the above documents, your application will be processed and you will be assigned a gold log in number & a gold log in password for the xauusd trading account.

Once you upload these supporting documents your gold trading account will then be verified. Your gold sign in credentials will be sent to your e-mail address.

This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your gold broker must follow this policy and try to do everything to know who their client is, so as to safeguard against any money laundering activity.

How to Register Gold Trading Account

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

How to Open an Online XAUUSD Trading Account

Process of opening a xauusd account is one where your xauusd broker will also require you to upload the following required documents:

How to Register Gold Trading Account

What Are the Documents Which are Needed To Open An Online XAUUSD Trading Account?

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 registering a xauusd trading account). Alternatively you can use a digital camera, upload the pictures to your computer & then upload these saved documents to your xauusd trading account sign in clients area on the site of your xauusd trading broker

Please note if you don't upload the above required documents your gold trading account will not be verified - Make sure you upload the above required documents to get your gold account verified. More than 50% of all the new traders do not succeed in opening their gold trading account because of the reason that they fail to upload required accompanying documents. If you correctly upload all the supporting documents then your gold trading account will be validated & you can begin trading with your trading account within 5 minutes. Just take color photo of these two documents with your smartphone & upload these docs directly to your xauusd broker site using your phone browser.

How to Register Gold Trading Account

Where to Upload Documents on the XAUUSD Trading Account

Once you've filled the Gold Account Signup Form that your gold trading broker will have provided you with, you will get access to your myaccount area client cabinet: This will now then be your xauusd trading account.

The "Upload Documents" Button Key can then be accessed from within this client cabinet and as a trader you can upload your documents using this button.

Once you complete uploading the correct documents on "Account Verification" on your account will reflect as Validated and you can then start trading on this xauusd trading account.

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

Why is Copies of My Identity Card & Utility Bill with My Name Required?

These supporting documents are required by your gold broker to guard against money laundering. AML, or Anti Money Laundering Rules require that all gold brokers ask proof of your Identity and Residency with your name so as to verify and certify that you are a resident citizen of the country you claim you are from as well as a Copy of a a Copy of a Utility Bill that shows your exact residence location of where you reside, that way you cannot create some fake identity or some fake residence to use for money laundering.

All regulated gold brokers must comply with this requirement prior to opening a xauusd account for a new client.

Once your online gold broker receives these online Gold Account Opening Form plus the above documents, your application will be processed and you will be assigned a log in number & a password for the xauusd trading account.

Once your uploaded documents are approved by your xauusd broker - your account will then be verified. Your login details will be sent to your email address. Example of a verified account is shown below:

Gold Traders Cabinet Members Area for Making XAUUSD Trading Account Deposits & Withdraws Request

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

Open a account - As you complete this learn Gold Trading course, open an account early as it only takes a few minutes to open & validate your account early.

How to Open Gold Account Procedure - How to Open a Gold Trading Account - How to Register Gold Account - Opening Gold Account Procedure - Gold Trading Account Sign up

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