Silver Trading Step by Step Guide of Trading Account Opening

Account Examples - To open a Live Account you can go to an online xagusd trading broker web site and open Trading Account. Once you go to online broker of your choice and choose this option of opening a Real Trading Account, you'll then have to fill some online trading account opening forms, the trading step by step process of filling these trading account opening forms is explained in this Open Live Trading Account Lesson Lesson - Trading Account Example.

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

How to Register Account

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

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

What Documents Are Required To Open An Online 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 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 My ID and a Copy of a Utility Bill with My Name Required?

These documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules entail 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 Utility Bill that shows your exact residence location of 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 and comply with this requirement before opening a xagusd account for a new client.

Now once you've scanned or taken pictures of these account sign up 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 broker receives the online account sign up application forms in addition to the above documents, your application will be processed and you will be assigned a silver login number and a silver sign in password for the live account.

Once you upload these accompanying documents your silver trading account will then get to be verified. Your silver login credentials will be sent to your email address.

This is KYC - Know Your Client, it is 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, in order to guard against money laundering activities.

You can then use your details to log into your MT4 platform and start trading on this validated 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.

How to Open Account

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

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

What Documents Are Required To Open An Online 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 xagusd trading account login clients area on site of your xagusd broker

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

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

Where To Upload Documents on The Account

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

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

Why is a Copy of ID and a Copy of Utility Bill Document that Has My Name Required?

These documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules entail 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 Utility Bill that shows your exact residence location of 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 and comply with this requirement before opening a xagusd account for a new client.

Once your online broker receives these online account sign up application forms in addition to the above documents, your application will be processed and you will be assigned a login number and a password for the live account.

Once your uploaded documents are approved by your xagusd broker - your account will then get to be verified. Your sign in credentials will be sent to your e-mail 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 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 and start trading on this validated 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.

XAGUSD Traders Cabinet Members Area for Making XAGUSD Account Deposit and 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 and Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer techniques as displayed below.

Open a real account - As you complete this learn Silver course, open an account early as it only takes a few minutes to open & validate your trading account early.

How to Open Account - How to Open Account - How to Open Live Account - Trading Account Example