How to Open a Live Silver Trading Account

XAGUSD Trading Step by Step Procedure

To open a Live Silver Trading Account you can go to an online xagusd broker website & open one. Once you go to xagusd trading broker of your choice & select this option, you'll then have to fill some online forms, silver trading step by step process of filling these forms is explained in this tutorial.

With this online trading account you can trade the following: Silver, Silver, Silver, Oil, CFDs, Futures and Stock Indices.

XAGUSD Trading How to Open an Online Silver Trading Account

To open this live xagusd trading account, a trader has to fill some online forms provided by a xagusd trading broker. The account opening online form can be obtained from your online xagusd trading broker.

Process of opening a real xagusd trading account is one where your silver broker will also require that you upload the following supporting documents:

What Documents Are Required To Open An Online XAGUSD Trading Account?

1. Proof of ID - Color copy of ID card or Passport - A color copy of official identification document or valid passport document issued by the authorities (example. Driver's license, identity card, etc). Identification document must contain client's full name, an issue or expiry date, client's place and date of birth or tax identification number & client's signature.

2. Proof of Residence - Color copy of utility bill - A recent utility bill (example. Electricity, phone, water, gas, oil, Internet and/or cable TV connection, bank account statement) dated within last Six months & confirming your registered address location.

You can use your mobile phone to take snapshots of these documents and then upload them directly from your mobile phone(this is the best option when opening a xagusd trading account). Alternatively you can use your digital camera, upload pictures to your desktop computer then upload saved documents on to your account

To Find where to upload the required accompanying documents look for option 'Upload Documents'. Please note that after opening your silver trading account it won't get to be verified until the time you complete uploading these copies of accompanying document.

Why is a Copy of My Identity Card and Utility Bill that Has My Name Required?

These documents are required by your silver broker to guard against money laundering. AML, or Anti Money Laundering Regulations entail that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim as a trader you are from as well as a a Copy of Utility Bill that shows your exact location where you reside, that way you can't come up with some fake identity or fake residency location to use for money laundering.

All regulated silver brokers must adhere with this requirement before opening a trading account for a new client.

Now once you've scanned or taken pictures of these silver trading account opening forms:

2.Proof of ID - Color copy of ID or Passport

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 camera phone to take color photos of the above documents, then download the pictures from your mobile phone to your computer and then upload these pictures from your computer.

Once your online silver broker receives the online silver trading account opening application forms plus the above documents, your application will be processed & you will be given log in account number & a sign in password for the live xagusd trading account.

Once you upload these required accompanying documents your account will then get to be verified. Your log in details will be sent to your email address. Example of a verified account is displayed and illustrated below:

This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your silver broker must follow this policy and try to do everything to know who their client is, in order to guard against money laundering activities.

You can then use your details to log into your MT4 platform & start trading on this verified account. You can also use same log in details to log in to your myaccount client cabinet area on silver broker web site. On the trader cabinet you can deposit money, withdraw money and view trading reports of your xagusd trading broker account.

Silver Trading How to Open an Online XAGUSD Trading Account

To open this xagusd trading account, a trader has to fill some online forms provided by a xagusd trading broker. The account opening online form can be obtained from your online xagusd trading broker.

Process of opening a real xagusd trading account is one where your silver broker will also require that you upload the following supporting documents:

What Documents Are Required To Open An Online Silver Trading Account?

Please note if you do not upload above documents your account won't be verified - Make sure you upload above documents to get your account validated. More than 50% of all new traders don't succeed in opening their silver trading account because they fail to upload required accompanying documents. If you correctly upload all required accompanying documents then your account will be verified and you as a trader can use start trading with your account within 5 minutes. Take a color photo of these 2 documents with your smartphone & upload these docs direct to your xagusd trading broker web site using your phone browser.

Where To Upload Documents on The XAGUSD Trading Account

Once you've filled & Submitted account opening forms that your silver trading broker will have provided you with, you will get access to your trade cabinet: This will now then be your xagusd trading account.

The 'Upload Documents' Button can then be accessed from within this myaccount area trader cabinet and as a trader you can upload your documents using this button.

Once you complete uploading correct documents on the 'Account Verification' on your account will reflect as Validated & you can then start trading on this xagusd trading account.

This process might seem simple but more than 50% of all new traders don't succeed in opening their silver account due to failure to upload the required accompanying documents.

Why is a Copy of ID & Utility Bill Document with My Name Required?

These documents are required by your silver broker to guard against money laundering. AML, or Anti Money Laundering Regulations entail that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim as a trader you are from as well as a a Copy of a Utility Bill that shows your exact location where you reside, that way you can't come up with some fake identity or fake residency location to use for money laundering.

All regulated silver brokers must adhere with this requirement before opening a trading account for a new client.

Once your online silver broker receives these online account opening application forms plus the above documents, your application will be processed & you will be given login account number & password for the live xagusd trading account.

Once your uploaded documents are approved by your xagusd broker - your account will then get to be verified. Your log in details will be sent to your email address. Example of a verified account is displayed and illustrated below:

XAGUSD Traders Cabinet Members Area for Making Silver Account Deposit & Withdraw Request

Withdraw and deposit options provided from within the traders cabinet where traders can deposit and make withdraws from the various options provided, for examples: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer techniques as displayed below.

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