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

To open a Live Account you as a trader can go to an online broker website & open one. Once you go to the broker of your choice & choose this option, you'll then have to fill some online forms, step by step guide of filling in these forms is explained in this tutorial.

With this online trading account you as a stock indices trader can trade the following: Index, Gold, Silver, Oil, CFDs, Futures & Index.

Step by Step Procedure of How to Open an Online Account

To register and sign up this live trading Index 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 broker.

Process of registering a real trading account is one which your broker will also require you to upload the following supporting documents:

What Docs Are Needed To Open An Online Account?

1. Proof of ID - Color copy of Identity card or Passport - A colour copy of valid passport or any other official identification document issued by the 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 & the client's signature.

2. Proof of Residence - A Recent utility bill (e.g. Electricity, gas, water, phone, oil, Internet and/or pay TV connection, bank account statement) dated within the last 6 months and validating your registered address location.

You can use your mobile phone to take pictures of these docs & upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the pictures to your PC computer then upload the saved docs to your trading account

To Find where to upload these docs look for the option "Upload Documents". Please note after signing up your trading account it will not find validated until you have completed uploading these accompanying docs.

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

These documents are required by your broker to safeguard against any money laundering. AML, or Anti Money Laundry Regulations require that all brokers ask proof of Identity and Residence with your name so that as to certify that you are a citizen of the country that you claim you're from and also a Copy of Utility Bill which shows your exact residence address of where you reside, that way you can't come up with a fake identity or a fake residence to use for funds laundry activity.

All regulated Stock Index brokers must comply and adhere with this requirement guideline before opening a trading account for a new client.

Now once you have scanned or taken images of these account opening forms:

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

3. Proof of Residency - Colored copy of utility bill, electricity bill etc. (bill with recent date, within the last six months).

Up-load above forms in addition to the above document colored copies, you as a Stock Index trader can use your mobile phone camera to take color pictures of above specified documents, then download the pictures from your phone to your computer and then upload these pictures from your computer.

Once your online currency broker gets the online trading account opening application forms plus the above documents, your application will be processed & you'll be assigned a login number and a login password for the live trading account.

Once you upload these documents your account will then be validated. Your login details will be sent to your email address. An illustration of a validated account is illustrated below:

This is KYC - Knowing Your Client, it's more of a legal obligation requirement than a mere formality, your online broker must adhere to this policy and try to do everything to know who their client is, so as to safeguard against any money laundering activity.

You can use your login credentials to log into your MetaTrader 4 platform & begin trading on this validated account. You also can use the same login details to login to your trader cabinet on the broker website. On the client cabin you as a Stock Index trader can deposit money, withdraw money & view reports of your online broker account.

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

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

Process of signing up a real trading account is one which your online broker also will require you to upload the following accompanying docs:

What Documents Are Needed To Sign Up An Online Account?

1. Proof of ID - Color copy of ID card or Passport - A colour copy of valid passport or any other official identification document issued by the 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 and date of birth or tax identification number and the client's signature.

2. Proof of Residence - Recent dated utility bill (e.g.. Electricity, gas, water, phone, oil, Internet and/or pay TV connection, bank account statement) dated within the last 6 months and validating/confirming your registered address.

To Find where to upload these docs look for the option/choice "Upload Documents". Please note after registering your account it will not find validated until you have completed uploading these accompanying docs.

Please note if you do not upload the above documents your account won't be validated/verified - Make sure you upload the above documents to get your account validated. More than 50% of all new traders don't succeed in opening their 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 as a stock indices trader can begin trading with your account within 5 minutes. Just take a color picture of these 2 documents with your smart phone & upload these directly to your broker website using your mobile phone browser.

Why is a Copy of ID Card and Utility Bill with My Names Needed?

These docs are required by your online broker to safeguard against any money laundry. AML, or Anti Money Laundry Regulations require that all online brokers request proof of ID & Residence with your name so that as to verify that you're a citizen of the country that you claim you are from and also a Copy of Utility Bill that shows your precise residence location of where you reside, that way you can't come up with a fake identity or a residence location to use for funds laundering activity.

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

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

Once your up-loaded documents are validated by your broker - your account will then be validated. Your login details will be sent to your email address. An illustration of a validated account is illustrated below:

You can use your login credentials to log into your MetaTrader 4 platform & start trading on this validated account. You also can use the same login details and particulars to login to your client cabinet on the broker website. On the client cabin you as a Stock Index trader can deposit money, withdraw money & view reports of your broker account.

Australia ASX200
Symbol - AUS200
Pip(1 Point) - 0.1
Pips Size - AUD 0.1
Margin Per Lot - AUD 70
EU EURO STOXX
Symbol - EU50
Pip(1 Point) - 0.1
Pips Size - EUR 0.1
Margin Per Lot - EUR 40
France CAC40
Symbol - FRA40Cash
Pip(1 Point) - 0.1
Pips Size - EUR 0.1
Margin Per Lot - EUR 40
Germany DAX30
Symbol - GER30Cash
Pip(1 Point) - 0.1
Pips Size - EUR 0.1
Margin Per Lot - EUR 85
Hong Kong HangSeng50
Symbol - HK50Cash
Pip(1 Point) - 1
Pips Size - HKD 1
Margin Per Lot - HKD 450
Italy FTSEMIB40
Symbol - IT40Cash
Pip(1 Point) - 1
Pips Size - EUR 1
Margin Per Lot - EUR 250
Japan Nikkei225
Symbol - JP225Cash
Pip(1 Point) - 1
Pips Size - JPY 1
Margin Per Lot - JPY 90
Netherlands AEX 25
Symbol - NETH25
Pip(1 Point) - 0.1
Pips Size - EUR 0.1
Margin Per Lot - EUR 5
Spain IBEX35
Symbol - SPAIN35Cash
Pip(1 Point) - 1
Pips Size - EUR 1
Margin Per Lot - EUR 140
Switzerland SMI20
Symbol - SWI20Cash
Pip(1 Point) - 0.5
Pips Size - CHF 0.5
Margin Per Lot - CHF 100
UK FTSE 100
Symbol - UK100
Pip(1 Point) - 0.1
Pips Value - GBP 0.1
Margin Per Lot - GBP 70
US S&5 500
Symbol - US100Cash
Pip(1 Point) - 0.1
Pips Size - $0.1
Margin Per Lot - $30 dollars
US NASDAQ 100
Symbol - US30
Pip(1 Point) - 0.5
Pips Size - $ 0.5 dollars
Margin Per Lot - $150
USA Dow Jones 30
Symbol - US500Cash
Pip(1 Point) - 0.1
Pips Size - $0.1 dollars
Margin Per Lot - $12

Trading Market Hours

Market Hours

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

INDICES Instrument	Monday Open	Friday Close
Australia 200	1:05	22:55
EU Stocks 50	9:05	22:55
France 40	1:05	23:00
Germany 30	1:05	23:00
Hong Kong 50	3:20	17:40
Italy 40	10:05	18:35
Japan 225	1:05	23:55
Netherlands 25	1:05	23:10
Spain 35	10:05	20:55
Switzerland 20	9:05	22:55
UK 100	1:05	23:10
USA 500	1:05	23:55
US Tec 100	1:05	23:55
WallStreet 30	1:05	23:55

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