How Do I Open a Live Stock Indices Account - Step by Step Procedure

To open a Live Stock Indices Account you can go to an online broker website and open one. Once you go to the Stock Indices broker of your choice and select this option, you will then have to fill some online forms, the step by step process of filling these forms is explained in this article.

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

Step by Step Procedure of How to Open an Online Stock Indices Trading Account

To open this live trading Stock Indices account, a trader has to fill some online forms provided by a Stock Indices broker. The account opening online form can be obtained from your online currency broker.

The process of opening a real Stock Indices trading account is one where your broker will also require you to upload the following accompanying documents:

What Documents Are Needed To Open An Online Stock Indices Trading 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 then directly from your phone(this is the best option). 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 opening your account it will not get validated until you have completed uploading these supporting documents.

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

These documents are required by your Stock Indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

All regulated Stock Indices brokers must comply with this requirement before opening a trading account for a new client.

Now once you have scanned or taken pictures of these Stock Indices account opening 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 online currency broker receives the online Stock Indices trading account opening 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 live Stock Indices trading 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 account is shown below:

This is KYC - Know Your Client, it's 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, in order 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 Stock Indices broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your Stock Indices broker account.

Step by Step Procedure of How Do I Open an Online Stock Indices Trading Account

To open this Stock Indices account, a trader has to fill some online forms provided by a Stock Indices broker. The account opening online form can be obtained from your online currency broker.

The process of opening a real Stock Indices trading account is one where your broker will also require you to upload the following accompanying documents:

What Documents Are Needed To Open An Online Stock Indices Trading 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 then directly from your phone(this is the best option). 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 opening 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 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 opening their Stock Indices 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 Stock Indices broker website using your mobile phone browser.

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

These documents are required by your Stock Indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

All regulated Stock Indices brokers must comply with this requirement before opening a trading account for a new client.

Once your online currency broker receives these online account opening application forms plus the above documents, your application will be processed and you will be assigned a login number and a password for the live Stock Indices trading account.

Once your uploaded documents are approved by your broker - your 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 broker must follow this policy and try to do everything to know who their client is, in order 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 Stock Indices broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your Stock Indices broker account.

1. Australia ASX 200

   Symbol - AUS200Cash

   Pip(1 Point) - 0.1

   Pip Value - AUD 0.1

   Margin Per Lot - AUD 70

2. EU EURO STOXX

   Symbol - EU50Cash

   Pip(1 Point) - 0.1

   Pip Value - EUR 0.1

   Margin Per Lot - EUR 40

3. France CAC 40

   Symbol - FRA40Cash

   Pip(1 Point) - 0.1

   Pip Value - EUR 0.1

   Margin Per Lot - EUR 40

4. Germany DAX 30

   Symbol - GER30Cash

   Pip(1 Point) - 0.1

   Pip Value - EUR 0.1

   Margin Per Lot - EUR 85

5. Hong Kong Hang Seng 50

   Symbol - HK50Cash

   Pip(1 Point) - 1

   Pip Value - HKD 1

   Margin Per Lot - HKD 450

6. Italy FTSE MIB 40

   Symbol - IT40Cash

   Pip(1 Point) - 1

   Pip Value - EUR 1

   Margin Per Lot - EUR 250

7. Japan Nikkei 225

   Symbol - JP225Cash

   Pip(1 Point) - 1

   Pip Value - JPY 1

   Margin Per Lot - JPY 90

8. Netherlands AEX 25

   Symbol - NETH25Cash

   Pip(1 Point) - 0.1

   Pip Value - EUR 0.1

   Margin Per Lot - EUR 5

9. Spain IBEX 35

   Symbol - SPAIN35Cash

   Pip(1 Point) - 1

   Pip Value - EUR 1

   Margin Per Lot - EUR 140

10. Switzerland SMI 20

    Symbol - SWI20Cash

    Pip(1 Point) - 0.5

    Pip Value - CHF 0.5

    Margin Per Lot - CHF 100

11. UK FTSE 100

    Symbol - UK100Cash

    Pip(1 Point) - 0.1

    Pip Value - GBP 0.1

    Margin Per Lot - GBP 70

12. USA S&5 500

    Symbol - US100Cash

    Pip(1 Point) - 0.1

    Pip Value - $ 0.1

    Margin Per Lot - $30

13. USA NASDAQ 100

    Symbol - US30Cash

    Pip(1 Point) - 0.5

    Pip Value - $ 0.5

    Margin Per Lot - $150

14. USA Dow Jones 30

    Symbol - US500Cash

    Pip(1 Point) - 0.1

    Pip Value - $ 0.1

    Margin Per Lot - $12

Stock Indices Trading Market Hours

Stock Indices Market Hours

MT4 Server time - GMT +2 (All Times Below are GMT +2)