How to Open a Real XAUUSD Trading Account
How to Open a Live Gold Trading Account
How to Open XAUUSD Real Account
To open a Open Gold Trading Account you can go to a broker site & open a Gold Real Account. Once you navigate to xauusd broker of your choice and select this Gold Live Account Open option, you will then have to fill some online forms, the gold trading step by step process of filling these forms is described in this tutorial - Open Gold Account - Open Gold Trading Account Open Procedure.
With this Open Gold Live Account you can trade the following: Gold, Gold, Silver, Stock Indices, Oil, Futures and CFDs.
How to Open Gold Trading Account
To open this real xauusd trading account, a trader has to fill some gold account Open forms provided by a xauusd trading broker. The gold trading account Open form can be obtained from your xauusd trading broker.
Process of opening a Real Gold Account is one where your gold broker will also require that you upload the following accompanying documents:
What Documents Are Needed To Open A XAUUSD 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 Copies of My Identity Card & a Copy of 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 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 with this requirement prior to opening a xauusd account for a new client.
Now once you have scanned or taken pictures of these gold trading account Open forms:
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 forms plus the above accompanying documents color copies, you can use your phone camera to take color pictures of the above accompanying documents, then down-load the pictures from your phone to your PC computer PC and then upload these pictures from your Desktop PC computer.
Once your gold broker receives the gold trading account Open application forms plus the above documents, your application will be processed & you'll be assigned a sign in number and a login password for the Real Gold 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 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.
You can then use your details to log into your MT4 xauusd trading software & begin trading on this verified 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 myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your xauusd trading broker account.
How to Open Gold Trading Account
To open this xauusd trading account, a trader has to fill some account open forms provided by a xauusd trading broker. The gold trading account Open form can be obtained from your xauusd trading broker.
Process of opening a Real Gold Account is one where your xauusd broker will also require you to upload the following required documents:
What Are The Documents That Are Required To Sign Up XAUUSD 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.
Please note if you don't upload the above required documents your gold trading account will not be verified - Make sure that you upload above documents to get your account verified. More than 50% of all the beginner traders do not succeed in opening their gold trading account because of the reason of failing to upload accompanying documents. If as a trader you correctly upload all the required documents then your trading account will be validated & you can begin trading with your trading account within 5 minutes. Just take color picture of these two documents with your smartphone and upload these docs directly to your xauusd broker site using your phone browser.
Where to Upload Documents on the Gold Trading Account
Once you've filled the account sign up forms which 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 account because they fail to upload the required accompanying documents.
Why is a Copy of ID & a Copy of Utility Bill Document with My Name Required?
These documents are required by your gold broker to guard against money laundering. 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 adhere with this requirement prior to opening a account for a new client.
Once your gold broker receives these gold trading account Open application forms plus the above documents, your application will be processed and you will be assigned a log in number & a password for the real xauusd trading account.
Once your uploaded documents are approved by your xauusd broker - your gold account will then be verified. Your sign in details will be sent to your e-mail address. Example of a verified account is shown below:
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.
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.
XAUUSD Traders Cabinet Members Area for Making XAUUSD Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders cabinet where xauusd traders can deposit & make withdraws from various options provided, for examples: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller & Western Union money transfer methods as displayed below.
