Opening Account

Procedure of Opening Account Explained

Opening Account

To open a Cryptocurrency Account you can go to a broker website & open a Account. Once you go to the broker of your choice & select this Account Registration option, you'll then have to fill some forms, the cryptocurrency step by step procedure of filling these forms is described in this tutorial - Opening Account - Signing-up Account Registration Procedure.

With this Opening Account you can transact the following: Crypto, Crypto, Silver, Indices, Oil, Futures and CFDs.

Crypto How to Open Account

To register this real account, one has to fill some account registration form provided by a broker. The account opening form can be obtained from your broker.

Process of opening a Account is one that your broker will also need you to upload following accompanying documents:

What Documents Are Needed To Open A Account?

1. Proof of ID - Color copy of ID document or Passport - A color copy of official identification card document or valid passport issued by authorities (e.g. Driver's license, identity card, etc). identification document must have client's full name, an issue or expiry date, the client's place & date of birth or tax identification number and client's signature.

2. Proof of Residence - Color copy of utility bill - A recent utility bill (example. Electricity, gas, water, oil, phone, bank account statement, Internet and/or cable TV connection) dated within last 6 months & validating your registered address.

You can use your phone to take the pictures of these documents and upload them directly from your mobile phone(this is best option when opening a account). Alternatively you can use a digi camera, upload the pictures to your PCDesktop computer & then upload these saved documents to your account

To Find where to upload the required accompanying documents look for the option 'Upload Documents'. Please note after signing up your account it won't get validated until you have completed uploading these supporting documents.

Why is a Copy of ID & Utility Bill Document that Has My Name Required?

These documents are required by your broker to safe-guard against equity laundering. AML, or Anti Money Laundering Rules require brokers request for proof of Identity and Residential with your full name so as to validate that you you are a resident citizen of the specific country you claim your'e from as well as a copy of Utility Bill that displays your exact current residential location, that way you can't create some fake identity or fake residence to use for money laundering.

All regulated brokers must comply with this requirement prior to opening a account for a new client.

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

2.Proof of ID - Colored copy of ID card or Passport

3. Proof of Residence Details - Color copy of a utility bill, electricity bill etc. (bill with recent date, dated within last 6 months).

Up-load above forms in addition to the above document coloured copies, you can use your phone-camera to take the colour snapshots of above documents, then download the pictures from your mobile phone to your PCDesktop computer and then upload these pictures from your computer.

Once your broker receives the account opening application forms plus the above documents, your application will be processed and you'll be assigned a login account number & a log in password for the Account.

Once you upload these supporting documents your account will then be validated. Your login details will be sent to your e mail address. An example of a validated account is pictured below:

This is K.Y.C - Knowing Your Customer, 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, so as to safeguard against any money laundering activity.

You can then use your credentials to sign into your MT4 platform and start trading on this validated account. You can also use the same cryptocurrency login credentials to sign in to your trader cabinet on the broker web site. On the trader cabinet you can deposit money, withdraw money and view reports of your broker account.

Crypto How to Open Account

To open this account, one has to fill some account registration form provided by a broker. The account opening form can be obtained from your trading broker.

Process of opening a Account is one that your broker will also need you to upload following accompanying documents:

What Are The Documents That Are Required To Sign Up Account?

1. Proof of ID - Color copy of ID document or Passport - A color copy of official identification card document or valid passport issued by authorities (e.g. Driver's license, identity card, etc). identification document must have client's full name, an issue or expiry date, the client's place & date of birth or tax identification number and client's signature.

2. Proof of Residence - Color copy of utility bill - A recent utility bill (example. Electricity, gas, water, oil, phone, bank account statement, Internet and/or cable TV connection) dated within last 6 months & validating your registered address.

You can use your phone to take the pictures of these documents and upload them directly from your mobile phone(this is best option when opening a account). Alternatively you can use a digi camera, upload the pictures to your PCDesktop computer & then upload these saved documents to your account

To Find where to upload the required accompanying documents look for the option 'Upload Documents'. Please note after signing up your account it won't get validated until you have completed uploading these supporting documents.

Please note if you do not upload the above required documents your account will not be validated - Make sure that you upload the above documents to get your account verified. More than 50% of all beginner traders do not 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 and you can begin trading with your account within five minutes. Take color photo of these 2 documents with your smart-phone & upload these docs direct to your broker website using your phone browser.

Where To Upload Copies of Documents on The Account

Once you've filled the account signup form that your broker will have provided you as a trader with, you'll get access to your myaccount area client cabinet: This will now then be your trading account.

'Upload Documents' Button Key can then be accessed from within this myaccount area trader cabinet and as a trader you can upload your documents using this button.

Once you complete uploading the correct documents on 'Account Verification' on your account will reflect as Validated & you can then start trading on this account.

This process may seem simple but more than 50 percent of all new traders do not succeed in opening their account because they fail to upload the required accompanying documents.

Why is a Copy of My ID and a Copy of Utility Bill Document that Has My Name Required?

These documents are required by your broker to safe-guard against equity laundering. AML, or Anti Money Laundering Rules require brokers request for proof of Identity and Residential with your full name so as to validate that you you are a resident citizen of the specific country you claim your'e from as well as a copy of Utility Bill that displays your exact current residential location, that way you can't create some fake identity or 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 receives these account opening application forms plus the above documents, your application will be processed and you'll be assigned a login number & a password for the real account.

Once the up-loaded documents are validated by your broker - your account will then be validated. Your login details will be sent to your e mail address. example of a validated account is pictured below:

This is K.Y.C - Knowing Your Customer, 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, so as to safeguard against any money laundering activity.

You can then use your credentials to sign into your MT4 platform and start trading on this validated account. You can also use the same login details to log in to your trader cabinet on the broker web site. On the trader cabinet you can deposit money, withdraw money and view reports of your broker account.

Traders Cabinet Members Area for Making Account Deposits & Withdraws Request

Withdraw and deposit options provided from within the traders client cabinet area where traders can deposit & make withdraws from various options provided, for example: Bank Wire Transfer, Credit Card, Debit Card, Skrill, WebMoney, MoneyGram, Neteller and Western Union money transfer methods as portrayed below.