How to Open a MT4 Gold Trading Account
Gold Trading Broker Account
How to Open XAUUSD MT4 Account
To open a MetaTrader 4 Gold Trading Account you can go to an online xauusd trading broker site & open a How to Open Gold MT4 Account. Once you go to the broker of your choice and select this MT4 Gold Trading Account Opening option, you will then have to fill some online forms, the gold trading step by step process of filling these MT4 Gold Trading Account opening forms is explained in this article - MT4 Gold Account Signup Procedure.
With this Gold MT4 Account you can trade the following: Gold, Gold, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open an Online MT4 Gold account
To open this MT4 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 form can be obtained from your online xauusd trading broker.
Process of opening MetaTrader 4 xauusd trading account is one where your gold broker will also require you to upload following required supporting documents:
What Are the Documents That are Needed To Open An Online MT4 Gold trading 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 Copies of My ID & a Copy of Utility Bill Document that Has My Name Required?
These accompanying documents are required by your gold broker to safe-guard against any money laundering activity. AML, or Anti Money Laundering Regulations require all brokers ask for proof of ID & Residence with your name so that to confirm that as a trader as a trader you're a citizen of the country you say you are from as well as a copy of Utility Bill that shows your exact residence location, that way you can not 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 MT4 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 gold broker receives the online MT4 gold trading account opening application forms plus the above documents, your application will be processed and you will be given a login account number & a log in password for the MT4 xauusd trading account.
Once you upload these supporting documents your account will then be verified. Your login details will be sent to your email address. An example of a validated xauusd trading account is shown below:
This is KYC - Know Your Client, it's 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.
You can then use your details to log into your MT4 xauusd software & start trading on this validated gold trading account. You can also use the same gold login credentials to sign 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 MT4 Gold account
To open this MT4 xauusd trading account, a trader has to fill some online forms provided by a xauusd trading broker. The account opening online form can be obtained from your online xauusd broker.
Process of opening MetaTrader 4 xauusd trading account is one where your xauusd broker will also require you to upload the following required documents:
What Are the Documents That are Needed To Open An Online MT4 Gold trading 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.
Please note if you do not upload the above required documents your gold account will not be verified - Make sure you upload above documents to get your account verified. More than 50% of all the beginner traders don't succeed in opening their gold account because of failing to upload the accompanying documents. If as a trader you correctly upload all required accompanying documents then your trading account will be verified & you can begin trading with your trading account within 5 minutes. Take color photo of these two 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 XAUUSD Trading Account
Once you have filled account registration form that your gold 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 MT4 gold account due to failure to upload the required accompanying 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 gold broker to safeguard against any money laundering activity. AML, or Anti Money Laundering Regulations require all brokers ask for proof of ID and Residence with your name so that to verify that as a trader as a trader you are a citizen of the country you say you are from as well as a copy of Utility Bill that shows your exact residence location, that way you cannot create some fake identity or some fake residence to use for money laundering.
All regulated gold brokers must comply to this requirement before opening a account for a new client trader.
Once your online gold broker receives these online 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 MT4 xauusd trading account.
Once your uploaded documents are approved by your xauusd broker - your gold trading account will then be verified. Your log in credentials will be sent to your email address. Example of a verified account is illustrated below:
This is KYC - Know Your Client, it's 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.
You can then use your details to log into your MT4 xauusd software & 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.
XAUUSD Traders Cabinet Members Area for Making Gold Account Deposit & Withdraw Request
Withdraw and deposit options provided from within the traders cabinet where xauusd traders can deposit and make withdraws from the various options provided, for examples: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram & Western Union money transfer techniques as illustrated below.
