Procedure for Opening Gold Real Account
Procedure of Opening XAUUSD Account Explained
How to Open Gold Real Account
To open a Gold Trading Account you can go to a broker web site & open a Gold Real Account. Once you go to xauusd trading broker of your choice and select this Gold Trading Real Account Opening option, you will then have to fill some online forms, gold trading step by step process of filling these forms is described in this tutorial - Opening Gold Account - Opening Gold Account Signup Procedure.
With this Opening Gold Real Account you can trade the following: Gold, Gold, Silver, Stock Indices, Oil, Futures and CFDs.
How to Open XAUUSD Trading Account
To open this real xauusd trading account, a trader has to fill some gold trading account registration form provided by a xauusd trading broker. The gold trading account opening form can be obtained from your xauusd trading broker.
The process of opening a Real Gold Trading Account is one where your xauusd broker will also require you to upload the following required documents:
What Documents Are Needed To Open A XAUUSD 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 a Copy of Identity Card & 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 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 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 gold broker receives the 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 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'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 Register Gold Trading Account
To open this xauusd trading account, a trader has to fill some gold trading account registration form provided by a xauusd trading broker. The gold trading account opening form can be obtained from your xauusd broker.
The process of opening a Real Gold Trading Account is one where your gold broker will also require you to upload following required supporting documents:
What Documents Are Needed To Open XAUUSD 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 Gold 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 gold account due to failure to upload the required accompanying documents.
Why is a Copy of ID & Utility Bill Document 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 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 trading account for a new client.
Once your gold broker receives these 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 password for the real 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 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.
XAUUSD Traders Cabinet Members Area for Making Gold Trading Account Deposits & Withdraws 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.
