registering an account with broker

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registering an account with broker

Post  ilearn2t on Sat Oct 05, 2013 12:22 am

Hello Everyone

When you have found the broker your requirements meet, the next stage is registering an account with them.

Most brokers will require you to send at least two documents to accept you as a client.

1. A High-Resolution Color Government Issued ID card, Passport, or Driver's License.

2. A utility bill or a bank statement that has been issued within the last 3 months, with the address matching the address in your trading account.

You'll need to scan your documents and forward them to your broker, usually this is all done through the brokers "Live Account Application" website in about 5 minutes. Your documents will be checked by the verifications department usually within 24-48 business hours and you will receive an e-mail if excepted or not.

If you choose a MT4 or MT5 platform broker, you'll need to download and setup your platform from which you'll do most, if not all your trading from.

Most "newbies" begin their journey into this business starting with a "Demo" account this gives you an opportunity to get experience of real trading with virtual money without risking your own real money.

Once you have mastered trading on demo-account, you can make a deposit to your real account and start earning real money.

It is very important that you read and understand the "Terms & Conditions" of the broker before investing any money.

Good luck
ilearn2t
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