Stock Indices Lesson for Opening Real Trading Account Stock Indices Trading Account
Opening Trading Account Indices Trading Account
How to Register Indices Trading Account
To open a Indices Trading Account you can go to a broker web site & open Indices Trading Account. Once you go to the broker of your choice & select this Indices Trading Account Opening option, you'll then have to fill some online forms, indices trading step by step process of filling these forms is described in this tutorial - Opening Indices Account - Opening Indices Account Opening Procedure.
With this Opening Indices Trading Account you can trade the following: Indices, Indices, Silver, Stock Indices, Oil, Futures and CFDs.
Stock Indices Trading Procedure of How to Open Indices Trading Account
To open this real stock indices trading account, a indices has to fill some indices account opening form provided by a stock indices trading broker. The indices trading account opening form can be obtained from your stock indices trading broker.
Process of opening a Indices Account is one where your stock indices broker will also require you to upload the following required documents:
What Documents Are Needed To Open A Stock Indices Trading Account?
1. Proof of ID - Color copy of ID card or Passport Document - A color copy of official identification document or valid passport or or another official document that is issued by the authorities (example. Driver's license, identity card, etc). The identification document must have the client's full name, an issue or expiry date, client's place and date of birth or tax identification number and client's signature.
2. Proof of Residence Address - Color copy of utility bill - A recent utility bill (example. Electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your signed up address location.
You can use your phone to take photos of these documents and upload them direct from your phone(this is the best option when opening a stock indices trading account). Alternatively, use digital camera, upload the pictures to your PC desktop computer then upload these supporting documents on to your account
To Get where to upload these supporting documents search for option "Upload Documents". Please note after opening your indices trading account it'll not get to be verified until you have completed uploading these accompanying document copies.
Why are Copies of My ID & Utility Bill Document with My Name On It Required?
These accompanying documents are required by your indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations necessitate that every online broker asks for proof of ID & Residence which has your name so that to verify and certify that you're a resident citizen of the country that you state that you come from as well as a Utility Bill copy that shows your particulars of exact place where you reside, this way you can not create a fake identity or fake residence to use for money laundering.
All regulated indices brokers must comply with this requirement prior to opening a stock indices account for a new client.
Now once you have scanned or taken pictures of these indices trading account opening forms:
2.Proof of ID - Color copy of ID card or Passport Document
3. Proof of Residence Details - A Color copy of utility bill, electricity bill etc. (bill with a recent date, dated within the last six months).
Upload the above trading account sign up application forms plus the above supporting required document color copies, you can use your mobile phone camera to take the color pictures of above accompanying documents, then download the photos from your mobile phone to your PC computer and then upload these pictures from your Desktop computer PC.
Once your indices broker receives the indices trading account opening application forms plus above documents, your application will be processed & you'll be given a login account number & a log in password for the Indices Trading Account.
Once you upload these required supporting documents your account will then get validated. Your login details will be sent to your email address. An example of a validated stock indices trading account is shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your index broker must follow and comply with this policy & try to do everything they can so as to know who their client is, in order to guard against money laundering activities.
You can then use your details to log into your MT4 stock indices software & begin trading on this verified indices trading account. You can also use the same indices login credentials to sign in to your trader cabinet on the broker website. On myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your stock indices trading broker account.
Indices Trading Procedure of How to Open Stock Indices Trading Account
To open this stock indices trading account, a indices has to fill some account opening form provided by a stock indices trading broker. The indices trading account opening form can be obtained from your indices broker.
Process of opening a Indices Account is one where your stock index broker will also require you to upload following required accompanying documents:
What Documents Are Needed To Open Indices Trading Account?
1. Proof of ID - Color copy of ID card or Passport Document - A color copy of official identification document or valid passport or or another official document that is issued by the authorities (example. Driver's license, identity card, etc). The identification document must have the client's full name, an issue or expiry date, client's place and date of birth or tax identification number and client's signature.
2. Proof of Residence Address - Color copy of utility bill - A recent utility bill (example. Electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your signed up address location.
You can use your phone to take photos of these documents and upload them direct from your phone(this is the best option when opening a stock indices trading account). Alternatively, use digital camera, upload the pictures to your PC desktop computer then upload these supporting documents on to your account
To Get where to upload these supporting documents search for option "Upload Documents". Please note after opening your indices trading account it'll not get to be verified until you have completed uploading these accompanying document copies.
Please note if you do not upload above documents your indices trading account will not be verified - Make sure you upload above required accompanying documents to get your account verified. More than 50% of all new traders don't succeed in opening their indices trading account due to the reason that they fail to upload required supporting documents. If you correctly upload all the required accompanying documents then your trading account will be verified & you as a trader can use begin trading with your trading account within five minutes. Just take a color picture of these 2 documents with your smartphone and upload these directly to your stock indices broker site using your phone browser.
Where to Upload Copies of Documents on the Stock Indices Trading Account
Once you have filled & Submitted account registration form that your stock index broker will have provided you with, you will get access to the client cabinet: This will then now be your stock indices trading account.
The "Upload Documents" Button can then be accessed from within this client cabinet & as a trader you can upload your documents using this button key.
Once you complete uploading correct documents on the "Account Verification" on your trading account will reflect as Validated and you can then start trading on this stock indices trading account.
This process might seem simple but more than 50% of all new beginners do not succeed in opening their indices trading account due to the reason that they fail to upload required supporting documents.
Why is a Copy of My ID and Utility Bill Document that Has My Name Required?
These documents are required by your indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations necessitate that every online broker asks for proof of ID & Residence which has your name so that to verify and certify that you're a resident citizen of the country that you state that you come from as well as a Utility Bill copy that shows your particulars of exact place where you reside, this way you can not create a fake identity or fake residence to use for money laundering.
All regulated indices brokers must comply with this requirement prior to opening a account for a new client.
Once your indices broker receives these indices trading account opening application forms plus above documents, your application will be processed and you'll be given a log in account number & a password for the real stock indices trading account.
Once your uploaded documents are approved by your indices broker - your indices trading account will then get verified. Your sign in credentials will be sent to your email address. Example of a verified account is illustrated & shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your index broker must follow and comply with this policy & try to do everything they can so as to know who their client is, in order to guard against money laundering activities.
You can then use your details to log into your MT4 platform and begin trading on this verified account. You can also use same login credentials to sign in to your trader cabinet on the broker website. On myaccount area trader cabinet you can deposit money, withdraw money & view trading reports of your stock indices trading broker account.
Indices Traders Cabinet Members Area for Making Stock Indices Account Deposits and Withdraws Request
Withdraw and deposit options provided from within the traders cabinet area where stock indices traders can deposit & make withdraws from various options provided, for examples: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller & Western Union money transfer methods as displayed below.
