Open Account

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

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

How to Open Account

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

The process of opening a real stock account is one where your broker will also require you to also upload the following accompanying 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 valid passport or other official identification document that's issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have the client's full name, an issue or expiry date, 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 (example. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last 6 months and confirming your registered address location.

You can use your mobile phone to take the pictures of these documents & upload them direct from your mobile phone(this is the best option when signing up a stock account). Alternatively, use a digital camera to take the snapshots, upload the pictures to your PC then upload the saved documents onto 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 will not get verified until you've completed uploading these supporting documents.

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

The documents are needed by your broker to guard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask for proof of your Identity and Residency with your name so as to verify & certify that you're a resident citizen of the country you claim you're from as well as a Copy of Utility Bill that shows the exact residence location of where you reside, that way you can't come up with some fake identity or some fake residence to use for money laundering.

All regulated trading brokers must adhere & comply with this requirement prior to opening a account for a new client.

Now once you have scanned or taken pictures of these stock account sign up forms:

2.Proof of ID - Color copy of ID or Passport

3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with a 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 the color pictures of the above documents, then download the pictures from your mobile phone to your computer & then upload these pictures from your computer.

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

Once you upload these supporting documents your stock account will then be verified. Your stock indices sign in credentials will be sent to your e-mail 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, so as to safeguard against money laundering activity.

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

How to Open Account

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

The process of opening a real stock account is one where your broker will also require you to also upload the following accompanying 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 valid passport or other official identification document that's issued by authorities (e.g. Driver's license, identity card, etc). The identification document must have the client's full name, an issue or expiry date, 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 (example. Electricity, phone, water, gas Internet and/or cable TV connection, bank account statement) dated within last 6 months and confirming your registered address location.

You can use your mobile phone to take the pictures of these documents & upload them direct from your mobile phone(this is the best option when signing up a stock trading account). Alternatively, use a digital camera to take the snapshots, upload the pictures to your PC then upload the saved documents on to your account sign in clients area on the website 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 will not get verified until you've completed uploading these supporting documents.

Please note if you don't upload the above accompanying documents your account will not be verified - Make sure you upload the above required documents to get your account verified. More than 50% of all new traders don't succeed in opening their stock trading account because they fail to upload the required supporting documents. If you correctly upload all the supporting documents then your account will be verified & you can start trading with your trading account within 5 minutes. Just take color photo of these two documents with your smart-phone & upload these docs directly to your broker website using your mobile phone browser.

Where to Upload Documents on the Account

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

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

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

This process may seem simple but more than 50 % of all new novice traders don't succeed in opening their stock account due to the reason that they fail to upload the required supporting documents.

Why is a Copy of My Identity Card & a Copy of Utility Bill Document that Has My Name Required?

The documents are needed by your broker to guard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask for proof of your Identity and Residency with your name so as to verify & certify that you're a resident citizen of the country you claim you're from as well as a Copy of Utility Bill that shows the exact residence location of where you reside, that way you can't come up with some fake identity or some fake residence to use for money laundering.

All regulated trading brokers must adhere & comply with this requirement prior to opening a 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'll be assigned a login number & a password for the live stock account.

Once your uploaded documents are approved by your stock broker - your account will then get to be validated. Your sign in credentials will be sent to your e-mail address. An example of a verified account is shown & 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, so as to safeguard against money laundering activity.

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

Traders Cabinet Members Area for Making Account Deposit and Withdraw Request

Withdraw and deposit options provided from within the traders cabinet 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 methods as revealed below.

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

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