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

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

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

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

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

The process of opening a real 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 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, client's place & 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 & confirming your registered address.

You can use your mobile phone to take pictures of these documents & 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'll not get validated until you have completed uploading these supporting documents.

Why is a Copy of ID & 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 & Residence with your name so that as to verify that you're 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 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 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 Indices trading account opening application forms plus the above documents, your application will be processed & you will be assigned a login number and a login password for the live 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 & try to do everything to know who their client is, in order to safeguard against any money laundering activity.

You can use your details to log into your MT4 platform & begin trading on this validated account. You can also use the same login details to login to your trader cabinet on the Indices broker website. On the trader cabinet you can deposit money, withdraw money & view trading reports of your Stock Indices broker account.

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

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

The process of opening a real 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 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, client's place & 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 & confirming your registered address.

You can use your mobile phone to take pictures of these documents & 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'll not get validated until you have completed uploading these supporting documents.

Please note if you do not upload the above documents your account won't 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 & you can begin trading with your account within 5 minutes. Just take a color picture of these two documents with your smart phone & upload these directly to your Stock Indices broker website using your mobile phone browser.

Why is a Copy of ID & 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 & Residence with your name so that as to verify that you're 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 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 & you will be assigned a login number and a password for the live 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 & try to do everything to know who their client is, in order to safeguard against any money laundering activity.

You can use your details to log into your MT4 platform & begin trading on this validated account. You can also use the same login details to login to your trader cabinet on the Indices broker website. On the trader cabinet you can deposit money, withdraw money & view trading reports of your Stock Indices broker account.

1. Australia ASX 200

   Symbol - AUS200Cash

   Pip(1 Point) - 0.1

   Pips Value - AUD 0.1

   Margin Per Lot - AUD 70

2. EU EURO STOXX

   Symbol - EU50Cash

   Pip(1 Point) - 0.1

   Pips Value - EUR 0.1

   Margin Per Lot - EUR 40

3. France CAC 40

   Symbol - FRA40Cash

   Pip(1 Point) - 0.1

   Pips Value - EUR 0.1

   Margin Per Lot - EUR 40

4. Germany DAX 30

   Symbol - GER30Cash

   Pip(1 Point) - 0.1

   Pips Value - EUR 0.1

   Margin Per Lot - EUR 85

5. Hong Kong Hang Seng 50

   Symbol - HK50Cash

   Pip(1 Point) - 1

   Pips Value - HKD 1

   Margin Per Lot - HKD 450

6. Italy FTSE MIB 40

   Symbol - IT40Cash

   Pip(1 Point) - 1

   Pips Value - EUR 1

   Margin Per Lot - EUR 250

7. Japan Nikkei 225

   Symbol - JP225Cash

   Pip(1 Point) - 1

   Pips Value - JPY 1

   Margin Per Lot - JPY 90

8. Netherlands AEX 25

   Symbol - NETH25Cash

   Pip(1 Point) - 0.1

   Pips Value - EUR 0.1

   Margin Per Lot - EUR 5

9. Spain IBEX 35

   Symbol - SPAIN35Cash

   Pip(1 Point) - 1

   Pips Value - EUR 1

   Margin Per Lot - EUR 140

10. Switzerland SMI 20

    Symbol - SWI20Cash

    Pip(1 Point) - 0.5

    Pips Value - CHF 0.5

    Margin Per Lot - CHF 100

11. UK FTSE 100

    Symbol - UK100Cash

    Pip(1 Point) - 0.1

    Pips Value - GBP 0.1

    Margin Per Lot - GBP 70

12. USA S&5 500

    Symbol - US100Cash

    Pip(1 Point) - 0.1

    Pips Value - $ 0.1

    Margin Per Lot - $30

13. USA NASDAQ 100

    Symbol - US30Cash

    Pip(1 Point) - 0.5

    Pips Value - $ 0.5

    Margin Per Lot - $150

14. USA Dow Jones 30

    Symbol - US500Cash

    Pip(1 Point) - 0.1

    Pips Value - $ 0.1

    Margin Per Lot - $12

Stock Indexes Trading Market Hours

Stock Indexes Market Hours

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