Open Live Account
XAUUSD Procedure of Open Broker Account
How to Open XAUUSD Live Account
To open a Open Account you can go to a online broker web site & open a Live Account. Once you go to xauusd broker of your choice & choose this Real Account Sign Up option, you will then have to fill some forms, the xauusd step by step process of filling these forms is described in this article - Open Account - Open Account Sign Up Procedure.
With this Open Live Account you can transact the following: XAUUSD, XAUUSD, Silver, Stock Indices, Oil, Futures and CFDs.
XAUUSD Course of How to Open Account
To register this live trading account, a trader has to fill some account open forms provided by a broker. The xauusd account open form can be gotten from your online broker.
The process of opening a Live Account is one that the broker will also require you to upload following required supporting documents:
What Docs Are Needed To Open A Account?
1. Proof of ID - Colour copy of Identity document or Passport - A colour copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). ID document must include client's full names, an issue or an expiry date, client's place and date of birth or tax Identity No. And client's signature.
2. Proof of Residency Location - Colour copy of utility bill - A recently utility bill (e.g. Electricity, gas, water, phone, oil, Internet &/or pay TV connection, bank account statement) dated within the last 3 months and confirming your registered address.
You can use your phone device to take the photos of these documents & upload them direct from your mobile phone(this is best option when opening a trading account). Alternatively, use digital camera to take snap shots, upload pictures to your desktop PC computer & then upload these saved documents on to your account
To Find where to upload these required accompanying docs search for the option 'Upload Documents'. Please note that after signing up your trading account it will not get validated until you have completed uploading these supporting documents.
Why are Copies of Identity Card & Utility Bill with My Names Needed?
The docs are required by your online broker to guard against equity laundering. AML, or Anti-Money Laundering Rules requires brokers ask for proof of Identity and Residential with your full name so as to validate that you you are a residential citizen of the particular country which you say you're from as well as a Copy of Utility Bill which displays your exact residence location, that way you can't create a fake identity or a fake residence to use for money laundering.
All regulated brokers must comply to this requirement prior-to signing up a account for a new client.
Now once you have scanned or taken images of these account open forms:
2.Proof of Identity - Colour copy of Identity card or Passport
3. Proof of Residency Location - Colour copy of utility bill, electricity bill etc. (bill with a recent date, dated in last 3 months).
Upload the above forms in addition to the above document coloured copies, you can use your camera phone to take color photos of the above documents, then download the pictures from your phone to your computer PC and then upload these pictures from your computer.
Once your broker receives the account open application forms plus the above documents, your sign up application will be processed & you will be given a login number & a log in password for the Live Account.
Once you upload the required accompanying docs your account will then get verified. Your login credentials will be sent to your e-mail address. An example of a validated account is displayed below:
This is KYC - Know Your Client, it's more of a legal requirement than just a mere formality, your online broker must follow this guide-line and try to do everything to know the details of who their client is, so as to guard against any money laundering activity.
You can then use your credentials to sign into your MT4 platform & begin trading on this validated account. You also can use the same gold log in details to login to your client cabin on the online broker site. On the my client account area cabin you can deposit equity, withdraw money & view reports of your online broker account.
Gold Course of How to Open Account
To open this account, a trader has to fill some account sign-up forms which are provided by a online broker. The xauusd account open form can be gotten from your broker.
The process of opening a Live Account is one that the broker will also require you to also upload the following supporting document copies:
What Documents Are Required To Sign Up Account?
1. Proof of ID - Colour copy of ID document or Passport - A colour copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). Identity document must include client's full names, an issue or an expiry date, client's place & date of birth or tax ID No. & client's signature.
2. Proof of Residency Location - Colour copy of utility bill - A recently utility bill (e.g. Electricity, gas, water, phone, oil, Internet &/or pay TV connection, bank account statement) dated within the last 3 months and confirming your registered address.
You can use your phone device to take the photos of these documents & upload them direct from your mobile phone(this is best option when opening a trading account). Alternatively, use digital camera to take snap shots, upload pictures to your desktop PC computer & then upload these saved documents on to your account
To Find where to upload these required accompanying documents search for the option 'Upload Docs'. Please note that after signing up your trading account it will not get validated until you have completed uploading these accompanying docs.
Please note if you do not upload the above docs your trading account will not be validated - Make sure that you upload the above docs to get your trading account verified. More than 50% of all the beginner traders don't succeed in opening their trading account because they fail to upload needed accompanying documents. If you correctly upload all the required supporting documents then your account will be verified & you can start trading with your trading account within five minutes. Just take color photo of these 2 documents with your smart-phone & upload these docs direct to your online broker web site using your mobile phone browser.
Where to Upload Copies of Docs on the Account
Once you have filled in the account sign up forms which your broker will have provided you with, you will get access to your myaccount area trader cabinet: This will now then be your account.
The 'Upload Documents' Button then can be accessed within this myaccount area client cabin & as a trader you can upload your supporting documents using this button.
Once you finish uploading correct docs on 'Account Verification' on your trading account will then reflect as Validated & you can then begin trading on this live account.
This process may seem simple but more than 50% of all beginner traders do not succeed in opening their trading account due to failure to upload required accompanying docs.
Why are Copies of My ID and a Copy of Utility Bill Document with My Name Required?
The documents are required by your broker to guard against equity laundering. AML, or Anti-Money Laundry Rules requires brokers request for proof of ID & Residential with your full names so as to validate that you you're a resident citizen of the specific country which you say you are from and also a copy of Utility Bill that displays your exact residence address, that way you cannot create a fake identity or a fake residence to use for money laundry activities.
All regulated brokers must comply to this requirement prior-to registering a account for a new client.
Once your broker receives these account open application forms plus the above documents, your registration application will be processed and you'll be assigned a log in number & a password for the real account.
Once the up-loaded documents are validated by your broker - your xauusd account will then be verified. Your login credentials will be sent to your e-mail address. Example of a verified account is shown and illustrated below:
This is KYC - Know Your Client, it's more of a legal requirement than just a mere formality, your online broker must follow this guide-line & try to do everything to know the details of who their client is, so as to guard against any money laundry activity.
You can then use your credentials to sign into your MetaTrader 4 platform and begin trading on this validated account. You also can use same login details to login to your trader cabinet on the broker site. On the my client account area cabin you can deposit equity, withdraw money and view reports of your online broker account.
Traders Cabinet Members Area for Making Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders cabinet area where traders can deposit and make withdraws from various options provided, for example: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller and Western Union money transfer methods as highlighted below.
