Procedure for Sign up Gold Account
Procedure of Sign up XAUUSD Account Explained
Sign up Gold Account
To open a XAUUSD Account you can go to a xauusd broker website and open a Gold Account. Once you go to the xauusd broker of your choice and select this XAUUSD Account Sign up option, you will then have to fill some online forms, the xauusd step by step process of filling these xauusd account signing up forms is explained in this article - Sign up XAUUSD Account - Sign up XAUUSD Account Sign up Procedure.
With this Sign up XAUUSD Account you can trade the following: XAUUSD, XAUUSD, Silver, Stock Indices, Oil, Futures and CFDs.
XAUUSD Procedure of How to Open Gold Account
To open this real gold trading account, a xauusd trader has to fill some xauusd account sign up forms provided by a gold trading broker. The xauusd account sign up form can be obtained from your xauusd broker.
The process of signing up for a XAUUSD Account is one where your xauusd broker will also require you to upload the following accompanying documents:
What Documents Are Needed To Open A XAUUSD Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.
You can use your mobile phone to take pictures of these documents and upload them directly from your phone(this is the best option when opening a gold trading account). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account
To Find where to upload these documents look for the option "Upload Documents". Please note after signing up for your account it will not get validated until you have completed uploading these supporting documents.
Why is a Copy of My Identity Card & a Copy of Utility Bill that Has My Name Required?
These documents are required by your xauusd broker to safeguard against any money laundering activity. AML, or Anti Money Laundering Regulations require all brokers ask for proof of ID and Residence with your name so that to verify that as a 1111 trader as a trader you are a citizen of the country you say you are from as well as a copy of Utility Bill that shows your exact residence location, 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 with this requirement before signing up for a xauusd account for a new client.
Now once you have scanned or taken pictures of these xauusd trading account sign up forms:
2.Proof of ID - Color copy of ID card or Passport
3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with recent date, within the last six months).
Upload the above forms plus the above document color copies, you can use your camera phone to take color pictures of the above documents, then download the pictures from your phone to your computer and then upload these pictures from your computer.
Once your xauusd broker receives the xauusd trading account sign up application forms plus the above documents, your application will be processed and you will be assigned a login number and a login password for the Gold Account.
Once you upload these documents your account will then be validated. Your login details will be sent to your email address. An example of a validated xauusd account is shown below:
This is KYC - Know Your Client, it's 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 xauusd platform and start trading on this validated gold trading account. You can also use the same xauusd login details to login to your trader cabinet on the xauusd broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your xauusd broker account.
Gold Procedure of How to Open XAUUSD Account
To open this xauusd account, a xauusd trader has to fill some xauusd account sign up forms provided by a gold trading broker. The xauusd account sign up form can be obtained from your gold broker.
The process of signing up for a XAUUSD Account is one where your xauusd broker will also require you to upload the following accompanying documents:
What Documents Are Needed To Open Gold Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.
2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.
You can use your mobile phone to take pictures of these documents and upload them directly from your phone(this is the best option when opening a gold trading account). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account
To Find where to upload these documents look for the option "Upload Documents". Please note after signing up for your account it will not get validated until you have completed uploading these supporting documents.
Please note if you do not upload the above documents your xauusd account will not be validated - Make sure you upload the above documents to get your account validated. More than 50% of all new traders do not succeed in signing up for their xauusd trading account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your account will be validated and you can start trading with your account within 5 minutes. Just take a color picture of these two documents with your smart phone and upload these directly to your xauusd broker website using your phone browser.
Where to Upload Copies of Documents on the XAUUSD Account
Once you have filled the account sign up forms that your xauusd broker will have provided you with, you will get access to your trader cabinet: This will now then be your gold trading account.
The "Upload Documents" Button can then be accessed from within this trader cabinet and as a trader you can upload your documents using this button.
Once you complete uploading the correct documents on the "Account Verification" on your account will reflect as Validated and you can then start trading on this gold trading account.
This process may seem simple but more than 50% of all new traders do not succeed in signing up for their xauusd trading account because they fail to upload the required accompanying documents.
Why is a Copy of Identity Card and Utility Bill with My Name Required?
These documents are required by your xauusd broker to safeguard against any money laundering activity. AML, or Anti Money Laundering Regulations require all brokers ask for proof of ID and Residence with your name so that to verify that as a 1111 trader as a trader you are a citizen of the country you say you are from as well as a copy of a Copy of Utility Bill that shows your exact residence location, 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 with this requirement before signing up for a xauusd account for a new client.
Once your xauusd broker receives these xauusd account sign up application forms plus the above documents, your application will be processed and you will be assigned a login number and a password for the real gold trading account.
Once your uploaded documents are approved by your gold broker - your xauusd account will then be validated. Your login details will be sent to your email address. An example of a validated account is shown below:
This is KYC - Know Your Client, it's 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 and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the xauusd broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your xauusd broker account.
Gold Traders Members Area for Making XAUUSD Trading Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the xauusd 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 shown below.
