How to Open Live Account
Gold Account Example - To open a Live Account as a trader you can go to an online broker web site & open Trading Account. Once you go to broker of your choice & select this option of opening a Real Account, you will then have to fill some online account opening forms, the trading step by step guide of filling these account opening forms is explained in this Open Live Account Course Lesson - Gold Account Example.
With this online account you can trade the following: XAUUSD, Gold, Silver, Oil, CFDs, Futures & Stock Indices.
How to Open an Online Account
To sign up this live account, one has to fill some online account registration form provided by a broker. The gold account sign up online form can be obtained from your broker.
The procedure of opening a real xauusd account is one where your broker will also require you to also upload following supporting documents:
What Are the Docs Which are Needed To Sign Up An Account?
1. Proof of ID - Color copy of Identity card or Passport - A color copy of official ID document or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The Identity document must have the trader's full name, an issue or expiry date, the customer's place & date of birth or tax Identity number and customer's signature.
2. Proof of Residence - Colored copy of a utility bill - recently dated utility bill (example. Electricity, phone, water, gas Internet connection, cable TV connection, bank account statement) dated within last 3 months and validating your signed up address location.
You can utilize your phone to take snap-shots of these documents and upload directly from your phone(this the best option when registering a trading account). Alternatively you can use a digi camera, upload snapshots to your PC computer and then upload these accompanying docs to your trading account
To Find where to upload the required accompanying docs look for the option 'Upload Documents'. Please note that after opening your account it will not get to be verified til the time you'll complete to upload copies of the accompanying docs.
Why is are Copies of Identity Card & a Copy of a Utility Bill which Has My Name Required?
The documents are required by your broker to guard against any money laundering activity. AML, or Anti Money Laundering Rules require all brokers ask for proof of your Identity and Residency with your full name so that to validate and certify that you are a residential citizen of the country you claim you are from as well as a Copy of Utility Bill that portrays your exact current residential location details of where you reside, that way you can not create some fake identity or fake residence to use for money laundering.
All regulated brokers must comply with this requirement prior to opening a account for a new client.
Now once you have scanned or taken pictures of these account sign up forms:
2.Proof of ID - Colored copy of Identity card or Passport Document
3. Proof of Residence - Colored copy of a utility bill, electricity bill etc. (bill with a recent date, dated in the last 3 months).
Up-load above forms plus the above document color copies, you can use your digital camera phone to take colour photos of above docs, then download the pictures from your phone to your Desktop PC computer & then upload these pictures from your Desktop computer PC.
Once your broker receives the online account sign up application forms plus the above documents, your application will be processed and you'll be assigned a gold login number and a gold sign in password for the real account.
Once you upload these supporting documents your xauusd account will then be validated. Your gold sign-in credentials will be sent to your e-mail address.
This is KYC - Knowing Your Customer, it is more of a legal requirement than a mere formality, your online broker must follow this guide-line and try & do everything to know details of who their customer is, so as to guard against any money laundering activity.
You can then use your details to log into your MetaTrader 4 platform and start trading on this verified account. You also can use same sign in details to login to your client cabin area on the broker website. On the my-account area client cabin area you can deposit money, withdraw money and view reports of your broker account.
How to Open an Online Account
To open this trading account, one has to fill some online account registration form provided by a broker. The gold account sign up online form can be obtained from your online trading broker.
The procedure of opening a real xauusd account is one where your broker will also require you to also upload following supporting documents:
What Are the Docs Which are Needed To Sign Up An Account?
1. Proof of ID - Color copy of Identity card or Passport - A color copy of official Identity document or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The ID document must have the trader's full name, an issue or expiry date, the customer's place & date of birth or tax Identity number and customer's signature.
2. Proof of Residence - Colored copy of a utility bill - recently dated utility bill (example. Electricity, phone, water, gas Internet connection, cable TV connection, bank account statement) dated within last 3 months and validating your signed up address location.
You can utilize your phone to take snap-shots of these documents and upload directly from your phone(this the best option when registering a trading account). Alternatively you can use a digi camera, upload pictures to your Desktop computer PC & then upload these saved documents to your account sign in clients area on the website of your online broker
To Find where to upload the required supporting documents look for the option 'Upload Docs'. Please note that after opening your trading account it will not get to be verified until the time you will complete to upload copies of the supporting documents.
Please note if you don't upload above required documents your trading account will not be verified - Make sure you upload above docs to get your trading account verified. More than 50 % of all new traders don't succeed in opening their account because of the reason that they fail to upload the required supporting documents. If you correctly upload all the supporting documents then your account will be verified & you can begin trading with your trading account within five minutes. Just take colour photo of these 2 docs with your smart-phone and upload these supporting documents directly to your broker website using your phone browser.
Where to Upload Docs on the Account
Once you've filled account registration form that your online broker will have given you, you will get access to your myaccount area trader cabin: This will now then be your trading account.
'Upload Docs' Button can then be accessed from this trader cabin & as a trader you can upload your accompanying docs using this button.
Once you finish uploading required documents on 'Account Verification' on your trading account will display as Validated and you can then begin trading on this account.
This process might seem simple but more than 50 % of all novice traders do not succeed in opening their account due to failure to upload the required supporting documents.
Why is a Copy of My Identity and a Copy of Utility Bill Document with My Names Needed?
The documents are required by your broker to guard against any money laundering activity. AML, or Anti Money Laundering Rules require all brokers ask for proof of your Identity & Residency with your name so as to verify & certify that you're a resident citizen of the country you claim you are from as well as a Copy of Utility Bill that shows the exact residence location of where you reside, that way you can't create some fake identity or fake residence to use for money laundering.
All regulated brokers must comply with this requirement prior to opening a account for a new client.
Once your broker receives the online account sign up application forms plus the above documents, your registration application will be processed and you'll be assigned a login number and a password for the real account.
Once your uploaded documents are approved by your broker - your trading account will then be validated. Your sign-in credentials will be sent to your e mail address. Example of a verified account is shown below:
This is KYC - Knowing Your Customer, it is more of a legal requirement than a mere formality, your broker must follow this guide-line and try & do everything to know details of who their customer is, so as to guard against any money laundry activity.
You can then use your details to log into your MT4 platform and start trading on this verified account. You also can use same sign in details to login to your client cabin area on the broker website. On the my-account area client cabin area you can deposit money, withdraw money and view reports of your online broker account.
Traders Cabinet Area for Making Gold 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 example: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram & Western Union money transfer methods as shown below.
Open a real account - As you complete this learn Gold course, open a trading account early as it only takes a few minutes to open & validate your trading account early.
How Do I Register Account - How Do I Register Account - How to Open Live Account - Gold Account Example
