Indices Procedure of Account Opening
Account Examples - To open a Live Account as a trader you can go to a online stock broker website & open Account. Once you go to the broker of your choice and choose this option of opening a Real Account, you will then have to fill some online trading account opening forms, the trading step by step guide of filling these trading account opening forms is explained in this Open Live Account Lesson Tutorial Guide - Trading Account Example.
With this online trading account you can trade the following: Indices, Indices, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open Account
To open this live account, a has to fill some online trading account opening form provided by a trading broker. The account opening online form can be obtained from your online trading broker.
Process of opening a real indices trading account is one where your stock broker will also need you to upload following required docs:
What Documents Are Needed To Sign Up An Stock Account?
1. Proof of ID - Color copy of Identity card or Passport - A color copy of official identification card or valid passport document or other document that's issued by authorities (example. Driver's license, identity card, etc). The Identity document must have the trader's full name, an issue or expiry date, the customer's place and the date of birth or tax identification number and the customer's signature.
2. Proof of Residence Location - Color copy of a utility bill - A recent bill (e.g. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within last Three months and validating your registered address.
You can utilize your phone to take photos of these docs and upload directly from your phone(this the best option when opening a account). Alternatively, use digital camera, upload the pictures to your desktop computer then upload these supporting documents on to your account
To Get where to upload these accompanying docs search for option 'Upload Documents'. Please note that after registering your account it won't get to be verified til you've completed uploading these supporting document copies.
Why are Copies of My ID & Utility Bill with My Name Needed?
These docs are required by your online broker to guard against money laundry activities. AML, or Anti Money Laundering Rules necessitate that all brokers ask proof of Identity & Residence with your full name so as to validate that you're a resident citizen of the particular country you claim your'e from as well as Copy of a Utility Bill that displays your exact location where you reside, this way you cannot create a fake identity or a fake residence to use for money laundry.
All regulated brokers must comply with this requirement prior to opening a account for a new client.
Now once you have scanned or taken pictures of these account opening forms:
2.Proof of ID - Color copy of ID or Passport
3. Proof of Residence - Colored copy of a utility bill, electricity bill etc. (bill with a recent date, dated within the last Three months).
Up-load above account sign up application forms plus above accompanying required document colour copies, you can use your camera phone to take colour pictures of above documents, then download the photos from your phone to your PC computer and then upload these photos from your Desktop PC computer.
Once your online broker gets the online trading account opening application forms plus the above docs, your application will be processed & you will be assigned a log in number & a sign in password for the real account.
Once you upload these accompanying docs your trading account will then get verified. Your sign in details will be sent to your e-mail address.
This is KYC - Knowing Your Customer, it is more of a legal requirement than mere formality, your online broker must adhere to this policy guideline and try to do everything to know details of who their customer is, in order to guard against money laundering activities.
You can then use your details to log into your MetaTrader 4 platform and begin trading on this verified account. You also can use same log in credentials to sign in to your myaccount trader cabin area on broker site. On the my-account area trader cabin you can deposit money, withdraw money & view trading reports of your online broker account.
How to Register Account
To open this trading account, a has to fill some online trading account opening form provided by a trading broker. The account opening online form can be obtained from your online trading broker.
Process of opening a real indices trading account is one where your online broker will also require you upload following supporting documents:
What Docs Are Needed To Sign Up An Stock Account?
1. Proof of ID - Color copy of Identity card or Passport - A color copy of official identification card or valid passport document or other document that's issued by authorities (example. Driver's license, identity card, etc). The Identity document must have the trader's full name, an issue or expiry date, the customer's place and the date of birth or tax identification number and the customer's signature.
2. Proof of Residence Location - Color copy of a utility bill - A recent bill (e.g. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within last Three months and validating your registered address.
You can utilize your phone to take photos of these documents & upload directly from your phone(this the best option when opening a account). Alternatively, use digital camera, upload pictures to your PC computer then upload these saved documents on to your account log in clients area on the site of your broker
To Get where to upload these accompanying docs search for option 'Upload Documents'. Please note that after signing up your trading account it won't get to be verified until you've completed uploading these accompanying document copies.
Please note if you don't upload above documents your account won't be verified - Make sure you upload above documents to get your account validated. More than 50 % of all the new traders do not succeed in opening their account because of failure to upload the required supporting documents. If you correctly upload all the required supporting documents then your account will be verified & you as a trader can use start trading with your account within 5 minutes. Just take colour picture of these 2 documents with your smartphone & upload these direct to your stocks broker website using your phone browser.
Where to Upload Copies of Docs on the Account
Once you've filled & Submitted account registration form that your stocks trade broker will have given you, you'll get access to the trader cabin: This will then now be your trading account.
'Upload Docs' Button Key can then be accessed within this myaccount area client cabin area and as a trader you can upload your supporting documents using this button.
Once you finish uploading required documents on 'Account Validation' on your account shall display as Validated and you as a trader can use then begin trading on this account.
This process might seem simple but more than 50 percent of all new beginners don't succeed in opening their account due to the reason that they fail to upload the required accompanying docs.
Why is are Copies of My Identity Card & a Copy of a Utility Bill which Has My Names Required?
These documents are required by your broker to guard against money laundering activities. AML, or Anti Money Laundry Guidelines necessitate that all online brokers request proof of ID & Residence with your names on so that to confirm that you are a resident of the specific country which you say you are from and also a Utility Bill which shows the exact location of where you stay, this way you cannot create a fake Identity or a fake residence to use for money laundering.
All regulated brokers must comply with this requirement prior to opening a account for a new client.
Once your broker gets the online trading account opening application forms plus the above documents, your application will be processed & you will be assigned a log in number & a password for the live account.
Once your uploaded documents are approved by your broker - your trading account will then get validated. Your sign-in details will be sent to your e mail address. Example of a verified account is illustrated & shown below:
This is KYC - Knowing Your Customer, it is more of a legal requirement than mere formality, your broker must adhere to this policy guideline & try to do everything to know details of who their customer is, in order to guard against money laundry activities.
You can then use your details to log into your MT4 platform and begin trading on this verified account. You also can use same log in credentials to sign in to your myaccount trader cabin area on broker site. On the my-account area trader cabin you can deposit money, withdraw money & view trading reports of your online broker account.
Stock Traders Cabinet Members Area for Making Account Deposit & Withdraw Request
Withdraw & deposit options provided from within the traders cabinet area where traders can deposit & make withdraws from the various options provided, for examples: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer techniques as illustrated below.
Open a live account - As you complete this learn course, open a trading account early as it only takes a few minutes to open and validate your trading account early.
How Do I Register Account - How Do I Register Account - How to Open Live Account - Trading Account Example
