While we can not recommend any Broker, the creation and funding of a Broker Account should be similar for each Broker. Keep in mind that for some brokers, this may vary, but if you have any issues following this article, please contact our support team.
Creating a Demo or Live Broker Account
Before Getting Started
Choosing a broker is like shopping for shoes, it is very important that they fit. You don’t want any pain or discomfort when you are on the go.
You can have as many broker accounts as you want but it is important to do your research. If you have a friend who has been using a broker for a good amount of time, that is a good place to start. However, make sure your friend has been able to make a withdrawal without any issues. You want to know that your money is available when you want it. Unfortunately, this is not always the case with irresponsible or even unethical Forex brokers.
If you don't have a recommendation from someone you trust, go on the Internet and search for reviews of the broker. As mentioned, withdrawals are important. There are also reports of high spreads, slippage, and poor support in general. Some brokers only assist citizens from specific countries. To use the Auvoria Prime Expert Advisors, you do need to use a broker that offers support for MT4 for Flash and GearBox and MT5 for Kraitos, KraitosX, and Raidar.
You can always ask the AP Support Team for assistance.
Step 1 - Create an Account with a Broker
You can sign up with the broker(s) of your choice by going to their official website. There, you must fill in the necessary information to create an account. The image used may not look like the broker you have selected. All brokers collect similar information and have similar restrictions and compliance requirements
Step 2 - Email Verification
After you create your account, you may need to verify your email address. Check your email for a message from the broker in case there is a link for you to click on to verify the email and account. After doing that, you will be able to log into and access the Broker’s Dashboard. On the top menu or left side menu of the page, you will see multiple options, like Profile, Wallet, Accounts, Funding, etc…
Step 3 - Create a Demo or Live Trading Account
If this is your first time using an Expert Advisor or this Expert Advisor, we suggest starting with a Demo account. With a demo account, you can practice setting up the software and see the software taking trades without the risk of losing money. Once you are comfortable with the trading, switch over to a Live Trading Account.
To create the demo account, go to Accounts -> Create a Demo Account.
Step 4 - Create the Demo Account
Keep in mind that some of these steps may vary depending on the Broker.
When creating a Demo Account, there are a few settings that you will be asked to provide before having a demo account to start trading with. First, you need to know if you need an MT4 or MT5 account. From the AP products, Flash, and Gearbox use MT4. Kraitos, KraitosX, and Raidar use MT5.
Then, you need to choose the Account type and the desired Account Balance. You will often be asked to choose Leverage. 1:500 Is the recommended Leverage.
Step 5 - Your Trading Account Credentials
After you successfully create your Demo or Live Trading Account, you will receive an email with the login details. These login details will be used to connect this broker account with the trading software on the VPS provided to you by Auvoria Prime. Keep them in a safe place.
Step 6 - Add the Trading Account to the Auvoria Prime VPS
With the information from Step 5, you can add your trading account to the MetaTrader instance on the VPS provided to you by Auvoria Prime. Here is an article about adding the Broker Account on the VPS.
Step 7 - Create a Live or Real Broker Account
Creating a Live Account requires a few more steps than creating a Demo Account. Mainly, you will need to fill in some personal information and complete the KYC to confirm your identity.
In the KYC (know your customer) process, you will be asked to submit your ID and/or Proof of Address. This is an important step for AML laws and anti-terrorism. This process will differ from Broker to Broker, but it is generally the same. You will also be asked what leverage you want, the closer you can get to 1:500 the better. If you cannot get a leverage of at least 1:100, make sure the trading tool you want to use, will work with the leverage you can get. Different brokers may offer different types of accounts. It is important to ask about the types since the account type can affect the results of the software.
Step 8 - Funding the Account
You will need to fund your account before activating the trading tool. There is an option in the Broker to make a deposit. With most brokers, you can not deposit until you have your account successfully verified (Step 7).
Brokers accept various types of deposits. If a broker only accepts cryptocurrency, you should be cautious. A broker should be able to offer a credit card option, and some offer wire services. The more options they have, the better the sign that the broker is legitimate.
After you fund your Live Account, you will be able to Connect your Live Account to the VPS.