Open XAUUSD Account

Account Example - To open a Live XAUUSD Account you can go to an online broker web site & open Account. Once you go to the broker of your choice & choose this option of opening a Live XAUUSD Account, you will then have to fill some online account opening forms, the xauusd step by step procedure of filling these account opening forms is explained in this Open Live XAUUSD Account Lesson Guide - Account Example.

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

XAUUSD Procedure of How to Open an Online XAUUSD Account

To open this live trading account, one has to fill some online account registration form provided by a gold trading broker. The account registration online form can be obtained from your online broker.

The process of opening a real gold account is one where your broker will also need you to upload the following required documents:

Which Documents Are Required to Open An Account?

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

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

You can use your mobile phone to take photos of these documents and upload them direct from your mobile phone(this is best option when opening a gold trading account). Alternatively, use digital camera to take snap shots, upload pictures to your PC computer and then upload these saved documents on to your account

To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note that after opening your account it won't get validated until you've completed uploading these supporting documents.

Why is a Copy of My ID & Utility Bill Document that Have My Name on Them Being Required?

These supporting documents are required by your broker to guard against money laundering. AML, or Anti Money Laundering Rules entail that all brokers ask proof of ID and Residence which has your name so that to verify that you're a citizen of the country you state you're from as well as a a Copy of Utility Bill that proves your exact location where you reside, that way you cannot come up with some fake identity or some fake residence to use for money laundering.

All regulated brokers must comply to this requirement before opening a account for a new client.

Now once you've scanned or taken pictures of these account registration 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 recent date, within last six months).

Upload the above forms plus the above supporting documents color copies, you can use your mobile phone camera to take color pictures of the above supporting documents, then download the pictures from your mobile phone to your PC computer PC and then upload these photos from your Desktop PC computer.

Once your online broker receives the online account registration application forms plus the above documents, your application will be processed & you'll be assigned a xauusd login number & a xauusd sign-in password for the live account.

Once you upload these supporting documents your account will then be validated. Your xauusd sign in credentials will be sent to your email address.

This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your broker must follow this policy & try to do everything to know who their client is, so as to safeguard against money laundering activity.

You can then use your details to log into your MetaTrader 4 platform & begin trading on this verified account. You can also use same login details to log in to your trader cabinet on the broker site. On the myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your broker account.

XAUUSD Procedure of How to Open an Online Account

To open this gold trading account, one has to fill some online account registration form provided by a gold trading broker. The account registration online form can be obtained from your online broker.

The process of opening a real gold account is one where your broker will also need you to upload the following required documents:

Which Documents Are Required to Open An XAUUSD Account?

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

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

You can use your mobile phone to take photos of these documents and upload them direct from your mobile phone(this is best option when opening a gold trading account). Alternatively, use digital camera to take snap shots, upload pictures to your PC computer and then upload these supporting documents on to your account sign-in clients area on the site of your broker

To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note that after opening your account it won't get validated until you've completed uploading these supporting documents.

Please note if you do not upload above documents your account won't be validated - Make sure you upload the above required documents to get your account verified. More than 50 percent of all new traders don't succeed in opening their account because they fail to upload required accompanying documents. If you correctly upload all required accompanying documents then your account will be verified & you can start trading with your account within five minutes. Just take color photo of these 2 documents with your smart-phone & upload these docs directly to your broker website using your mobile phone browser.

Where to Upload Copies of Documents on the Account

Once you have filled the account opening forms that your broker will have provided you with, you will get access to your myaccount area client cabinet: This will now then be your account.

"Upload Documents" Button Key can then be accessed from within this trader cabinet & as a trader you can upload your documents using this button.

Once you finish uploading the correct documents on "Account Verification" on your trading account will reflect as Validated & you can then begin trading on this gold account.

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

Why is a Copy of My ID and Utility Bill Document 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 ID and Residence which has your name so that to verify that you're a citizen of the country you state you're from as well as a a Copy of Utility Bill that proves your exact location where you reside, that way you cannot come up with some fake identity or some fake residence to use for money laundering.

All regulated brokers must comply to this requirement before opening a account for a new client.

Once your online broker receives these online account registration application forms plus the above documents, your application will be processed & you'll be assigned a login number & a password for the live account.

Once your uploaded documents are approved by your broker - your account will then get validated. Your sign in authorization details will be sent to your email address. Example of a verified account is illustrated & shown below:

This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your broker must follow this policy & try to do everything to know who their client is, so as to safeguard against money laundering activity.

You can then use your details to log into your MetaTrader 4 platform & begin trading on this verified account. You can also use same login details to log in to your trader cabinet on the broker site. On the myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your broker account.

Traders Cabinet Members Area for Making XAUUSD Account Deposit & Withdraw Request

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

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

How to Open XAUUSD Account - How to Open XAUUSD Account - How to Open Live XAUUSD Account - Account Example