Open XAUUSD Account
XAUUSD Account Example - To open a Live XAUUSD Account you can go to an online xauusd broker web site & open Gold Account. Once you go to the broker of your choice and choose this option of opening a Live XAUUSD Account, you will then have to fill some online xauusd account opening forms, the xauusd step by step process of filling these xauusd account opening forms is explained in this Open Live XAUUSD Account Lesson Guide - XAUUSD 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 gold trading account, a trader has to fill some online xauusd account opening form provided by a gold trading broker. The xauusd account opening online form can be obtained from your online xauusd broker.
The process of opening a real gold account is one where your xauusd broker will also require you to upload the following required documents:
What Documents Are Required to Open An Online Gold 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 and 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 xauusd account it will not get verified 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 accompanying documents are required by your xauusd broker to guard against money laundering. AML, or Anti Money Laundering Regulations entail that all xauusd 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 xauusd brokers must comply to this requirement before opening a xauusd account for a new client.
Now once you've scanned or taken pictures of these xauusd trading account opening 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 xauusd broker receives the online xauusd trading account opening application forms plus the above documents, your application will be processed and you will be assigned a xauusd login number & a xauusd login password for the live gold trading account.
Once you upload these supporting documents your xauusd account will then be validated. Your xauusd sign in 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 xauusd 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 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 and view trading reports of your xauusd broker account.
XAUUSD Procedure of How to Open an Online Gold Account
To open this gold trading account, a trader has to fill some online xauusd account opening form provided by a gold trading broker. The xauusd account opening online form can be obtained from your online gold trading broker.
The process of opening a real gold account is one where your xauusd broker will also require you to upload the following required documents:
What Documents Are Required to Open An Online 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 and 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 xauusd account login clients area on the web site of your gold trading broker
To Find where to upload these required accompanying documents search for the option "Upload Documents". Please note that after opening your xauusd account it will not get verified until you've completed uploading these supporting documents.
Please note if you do not upload above documents your xauusd account will not be verified - Make sure you upload the above required documents to get your xauusd account verified. More than 50% of all new traders don't succeed in opening their xauusd trading account because they fail to upload required accompanying documents. If you correctly upload all required accompanying documents then your xauusd 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 xauusd broker website using your mobile phone browser.
Where to Upload Copies of Documents on the Gold Account
Once you have filled the account opening forms that your xauusd trading broker will have provided you with, you will get access to your myaccount area client cabinet: This will now then be your gold trading 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 trading account.
This process may seem simple but more than 50 % of all new traders do not succeed in opening their xauusd 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 xauusd broker to guard against money laundering. AML, or Anti Money Laundering Regulations entail that all xauusd 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 xauusd brokers must comply to this requirement before opening a xauusd account for a new client.
Once your online xauusd broker receives these online xauusd account opening application forms plus the above documents, your application will be processed and you will be assigned a login number & a password for the live gold trading account.
Once your uploaded documents are approved by your gold broker - your account will then get validated. Your login details will be sent to your email address. Example of a verified account is illustrated & shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your xauusd 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 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 and view trading reports of your xauusd 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 area where traders can deposit & 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 - XAUUSD Account Example
