How to Open a Live Stocks Account
Stocks Account Example - To open a Live Stocks Account you can go to an online stocks broker web site & open Stock Account. Once you go to the broker of your choice and choose this option of opening a Live Stocks Account, you will then have to fill some online stocks account opening forms, the stocks step by step process of filling these stocks account opening forms is explained in this Open Live Stocks Account Lesson Guide - Stocks Account Example.
With this online trading account you can trade the following: Stocks, Stocks, Silver, Oil, CFDs, Futures and Stock Indices.
Stock How to Open an Online Stock Account
To open this live stock trading account, a trader has to fill some online stocks account opening forms provided by a stock trading broker. The stocks account opening online form can be obtained from your online stocks broker.
Process of opening a real stock account is one where your stock broker will also need you upload the following required documents:
What Are Documents That are Needed To Open An Online Stocks Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official identification document that's issued by authorities (example. Driver's license, identity card, etc). Identification document must have the 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 Address - Color copy of a utility bill - A recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within last Six months & validating your registered address location.
You can use your phone to take the photos of these documents & upload them directly from your phone(this is best option when signing up a stock trading account). Alternatively you can use a digital camera, upload the pictures to your Desktop computer and then upload these supporting documents to your account
To Find where to upload the required accompanying documents look for option "Upload Documents". Please note that after opening your stocks account it will not get verified until you have completed uploading these supporting documents.
Why is a Copy of Identity Card & a Copy of Utility Bill with My Name Required?
These documents are required by your stock broker to safe guard against money laundering. AML, or Anti Money Laundering Regulations require that all stocks brokers request proof of ID & Residence with your name so as to verify that you are a resident citizen of the country you state you are from as well as a Utility Bill that confirms your exact location where you reside, that way you cannot come up with some fake identity or residence location to use for doing money laundering.
All regulated stock trading brokers must comply with this requirement prior to opening a stocks account for a new client.
Now once you've scanned or taken pictures of these stock trading account opening forms:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence Details - Color copy of utility bill, electricity bill etc. (bill with recent date, dated within the last six months).
Upload the above forms plus 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 phone to your Desktop computer & then upload these pictures from your computer.
Once your online stocks broker receives the online stock trading account opening application forms plus the above documents, your application will be processed and you will be assigned a stocks login number & a stocks sign in password for the live stock trading account.
Once you upload these supporting documents your stocks account will then be validated. Your stocks sign in details 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 stocks broker must follow this policy & try to do everything to know who their client is, in order to ensure that they safeguard against any money laundering activity.
You can then use your details to log into your MT4 platform & begin trading on this verified account. You can also use the same log in details to login 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 stocks broker account.
Stock How to Open an Online Stocks Account
To open this stock trading account, a trader has to fill some online stocks account opening forms provided by a stock trading broker. The stocks account opening online form can be obtained from your online stocks broker.
Process of opening a real stock account is one where your stock broker will also need you upload the following required documents:
What Are Documents That are Needed To Open An Online Stock Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or any other official identification document that's issued by authorities (example. Driver's license, identity card, etc). Identification document must have the 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 Address - Color copy of a utility bill - A recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within last Six months & validating your registered address location.
You can use your phone to take the photos of these documents & upload them directly from your phone(this is best option when signing up a stock trading account). Alternatively you can use a digital camera, upload the pictures to your Desktop computer and then upload these saved documents to your stocks account login clients area on the website of your stocks broker
To Find where to upload the required accompanying documents look for option "Upload Documents". Please note that after opening your stocks account it will not get verified until you have completed uploading these supporting documents.
Please note if you do not upload the above required documents your stocks account will not be verified - Make sure you upload the above required documents to get your stocks account verified. More than 50% of all new stocks traders do not succeed in opening their stock trading account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your stocks account will be validated & you can start trading with your account within 5 minutes. Take a color photo of these 2 documents with your smartphone and upload these docs direct to your stocks broker website using your mobile phone browser.
Where To Upload Copies of Documents on The Stocks Account
Once you've filled the account opening forms that your stock broker will have provided you with, you will get access to the trade cabinet: This will then be your stock trading account.
"Upload Documents" Button can then be accessed from within this trader cabinet & as a trader you can upload your documents using this button key.
Once you complete uploading the correct documents on "Account Verification" on your trading account will reflect as Validated & you can then start trading on this stocks account.
This process may seem simple but more than 50% of all new stocks traders do not succeed in opening their stock account due to failure to upload required accompanying documents.
Why is Copies of My Identity Card & a Copy of Utility Bill that Has My Name Required?
These documents are required by your stock broker to safe guard against money laundering. AML, or Anti Money Laundering Regulations require that all stocks brokers request proof of ID & Residence with your name so as to verify that you are a resident citizen of the country you state you are from as well as a Utility Bill that confirms your exact location where you reside, that way you cannot come up with some fake identity or residence location to use for doing money laundering.
All regulated stock trading brokers must comply with this requirement prior to opening a stocks account for a new client.
Once your online stocks broker receives these online stocks 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 stock trading account.
Once your uploaded documents are approved by your stocks broker - your account will then be validated. Your log in details will be sent to your email address. An example of a verified account is shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your stocks broker must follow this policy & try to do everything to know who their client is, in order to ensure that they safeguard against any money laundering activity.
You can then use your details to log into your MT4 platform & begin trading on this verified account. You can also use the same log in details to login 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 stocks broker account.
Stock Traders Cabinet Members Area for Making Stocks Account Deposit and Withdraw Request
Withdraw and deposit options provided from within the traders client 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 methods as shown below.
Open a real account - As you complete this learn Stocks Trading course, open an account early as it only takes a few minutes to open and validate your trading account early.
How to Open Stocks Account - How to Open Stocks Account - How to Open Live Stocks Account - Stocks Account Example
