How to Open a Live XAUUSD Account
Gold Account Example - To open a Live Gold Account you can go to an online broker web site & open Gold Account. Once you go to the broker of your choice & select this option of opening a Live Gold Account, you'll then have to fill some online gold trading account opening forms, the gold trading step by step process of filling these gold trading account opening forms is explained in this Open Live Gold Account Course Lesson - Gold Account Example.
With this online trading account you can trade the following: Gold, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open an Online Gold Account
To open this live xauusd trading account, a trader has to fill some online gold trading account registration form provided by a xauusd trading broker. The gold trading account opening online form can be obtained from your online xauusd trading broker.
The process of opening a real xauusd trading account is one where your broker will also require you to upload the following required documents:
What Are the Documents That are Needed To Open An Online XAUUSD Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification document or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The 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 client's signature.
2. Proof of Residence - Color copy of a utility bill - A recent utility bill (example. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last 6 months and validating your signed up 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 signing up a xauusd account). Alternatively you can use a digital camera, upload pictures to your PC computer and then upload these supporting documents to your account
To Find where to upload the required accompanying documents look for the option 'Upload Documents'. Please note after opening your gold trading account it will not get to be verified until the time that you will complete to upload copies of the supporting documents.
Why is a Copy of Identity Card and a Copy of Utility Bill that Has My Name Required?
These documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules require that all 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 brokers must comply with this requirement prior to opening a xauusd trading account for a new client.
Now once you have scanned or taken pictures of these gold trading account opening forms:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence - Color copy of a utility bill, electricity bill etc. (bill with recent date, dated within the last 6 months).
Upload the above forms plus the above document color copies, you can use your digital camera phone to take color photos of above documents, then download the pictures from your phone to your Desktop PC computer and then upload these pictures from your Desktop computer PC.
Once your online broker receives the online gold trading account opening application forms plus the above documents, your application will be processed and you will be assigned a gold log in number and a gold sign in password for the live xauusd trading account.
Once you upload these supporting documents your gold trading account will then be verified. Your gold login credentials 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 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.
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 my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your xauusd trading broker account.
How to Open an Online Gold Account
To open this xauusd trading account, a trader has to fill some online gold trading account registration form provided by a xauusd trading broker. The gold trading account opening online form can be obtained from your online xauusd trading broker.
The process of opening a real xauusd trading account is one where your broker will also require you to upload the following required documents:
What Are the Documents That are Needed To Open An Online XAUUSD Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification document or valid passport or another document issued by authorities (example. Driver's license, identity card, etc). The 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 client's signature.
2. Proof of Residence - Color copy of a utility bill - A recent utility bill (example. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last 6 months and validating your signed up 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 signing up a xauusd account). Alternatively you can use a digital camera, upload pictures to your Desktop computer PC and then upload these saved documents to your xauusd trading account sign in clients area on the site of your xauusd trading broker
To Find where to upload the required accompanying documents look for the option 'Upload Documents'. Please note after opening your gold trading account it will not get to be verified until the time that you will complete to upload copies of the supporting documents.
Please note if you do not upload the above required documents your gold trading account will not be verified - Make sure you upload above documents to get your gold trading account verified. More than 50% of all new traders do not succeed in opening their gold account because of the reason that they fail to upload the required accompanying documents. If you correctly upload all the supporting documents then your gold account will be verified & you can begin trading with your trading account within five minutes. Just take color photo of these 2 documents with your smart-phone & upload these supporting documents directly to your xauusd trading broker site using your phone browser.
Where to Upload Documents on the Gold Account
Once you have filled account registration form that your gold trading broker will have provided you with, you'll get access to your myaccount area client cabinet: This will now then be your xauusd trading account.
'Upload Documents' Button can then be accessed from within this trader 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 & you can then begin trading on this xauusd trading account.
This process may seem simple but more than 50% of all new traders do not succeed in opening their gold account due to failure to upload the required accompanying documents.
Why is a Copy of My ID and a Copy of a Copy of Utility Bill Document with My Name Required?
These documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules require that 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 not create some fake identity or some fake residence to use for money laundering.
All regulated brokers must comply with this requirement prior to opening a xauusd trading account for a new client.
Once your online broker receives these online gold trading account opening application forms plus the above documents, your application will be processed and you will be assigned a log in number and a password for the live xauusd trading account.
Once your uploaded documents are approved by your 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:
This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your 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.
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 my-account area trader cabinet you can deposit money, withdraw money & view trading reports of your xauusd trading broker account.
Traders Cabinet Area for Making Gold Account Deposit & 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 and Western Union money transfer methods as shown below.
Open a live account - As you complete this learn Gold course, open an account early as it only takes a few minutes to open & validate your account early.
How to Open Gold Account - How to Open Gold Account - How to Open Live Gold Account - Gold Account Example
