Process to open an account
1. Firstly, you need to open a bank account like Barwa bank, Commercial Bank, Mashreq Bank, QNB Bank, Al-Rayyan Bank etc.
Barwa Bank
On 21 April 2019, Barwa Bank has announced the official completion of its legal merger with International Bank of Qatar (ibq). The merger, which brings two of Qatar’s leading and most dynamic financial players under one roof, will establish a powerhouse Shariah compliant financial institution in both local and regional markets, backed by robust liquidity and solvency levels.
QNB Bank, Qatar
Qatar National Bank (Q.P.S.C.) (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and the remaining (50%) held by members of the public. QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa region.
Doha Bank
Inaugurated in 1979, Doha Bank provides domestic and international banking services for individuals, commercial, corporate and institutional clients through four business groups – Wholesale Banking, Retail Banking, International Banking and Treasury & Investments. Doha Bank has established overseas branches in Kuwait, Dubai (UAE), Abu Dhabi (UAE), Mumbai, Chennai and Kochi (India) as well as representative offices in Japan, China, Singapore, Hong Kong, South Africa, South Korea, Australia, Turkey, the United Kingdom
Commercial B
Provides a full suite of conventional personal banking services and products to retail customers in Qatar, including current and deposit accounts, wealth management, mortgage lending, personal loans, vehicle loans, credit cards and other card services.
2. Secondly, you need to open an account at International bank or broker like IC Markets, Pepperstone, AXI trader, Hotforex, Tickmill, SAXO Bank, Dukascopy Bank, Swissquote Bank, CMS Market. Its you own choice!
IC Markets mission is to create the best trading experience for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service.
Our trading services are suitable for people of all backgrounds and levels of knowledge, from those who have never traded before through to experienced industry professionals. We've built our brokerage on trust, technology and service which give our clients every opportunity to perform and profit from financial markets.
Swissquote Group Holding Ltd is Switzerland's leading provider of online financial and trading services. Listed on the SIX Swiss Exchange (symbol: SQN) since May 29, 2000, the Swissquote Group has its headquarters in Gland (VD) and offices in Zürich, Bern, London, Luxembourg, Malta, Dubai, Singapore and Hong Kong.
In 1998 we launched one of the first online trading platforms, making professional-grade tools and multi-asset market access available to everyone. We continue to break down barriers in global capital markets through our fintech expertise. By delivering premium service, competitive prices and intuitive platforms, we empower traders and investors to take control of their financial future.
Q8 Securities was established in 1985 as a financial services company. Initially, they were established as Al Arabi Brokerage but in the beginning of 2017 they were rebranded as Q8 Securities. Q8 Securities provides their clients with local and global equities and trade derivatives.
HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.
Dukascopy Bank is a Swiss online bank which provides online and mobile trading, banking and financial services. Headquartered in Geneva, Switzerland, it has offices in Riga, Kiev, Moscow, Kuala Lumpur, Hong Kong, Shanghai, Dubai and Tokyo, with over 300 employees
Pepperstone is a broker specializing in financial markets access. The company is headquartered in Melbourne, Australia. It provides access to more than 150 instruments including Forex, index, share, commodities, cryptocurrencies and currency index CFDs
Tickmill is an award-winning global ECN broker, authorized and regulated in the UK by the Financial Conduct Authority (FCA) and the FSA of Seychelles. Tickmill offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals.
3. Thirdly, You need to download 'Metatrader 4 or 5 platform' in your Desktop / laptop / Mobile / Tab / iPhone
Metatrader 4
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.
To download Metatrader 4 or 5 you may click here
4. What is the transaction process here?
There are many ways to transact your money. Here I have described about some popular method.
1. Wire transfer (Bank to Broker directly) 2. Visa Debit or Credit card (You may deposit or withdraw by your Visa Debit or Credit Card) 3. Besides, you can use below mentioned "Third Party's transaction"
Neteller is an e-money transfer service used to transfer money to and from merchants, such as forex trading firms, social networks firms. It can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts.
Skrill (formerly Moneybookers) is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. Since 2015, Skrill belongs to the Paysafe Group, along with former competitor Neteller and prepaid payment method paysafecard.
Paypal: It's is an online financial service that allows you to pay for items using a secure internet account. You simply add your bank account, credit card or debit card details and whenever you pay using PayPal, you can choose which of your cards or accounts it pays with
WebMoney users' funds are stored in a "purse", which holds electronic money corresponding to an underlying asset, such as a currency. ... Guarantors accept deposits in the underlying assets and issue the corresponding WebMoney units. WebMoney Transfer can be used for peer-to-peer payments, and includes an escrow system.
UnionPay is the largest card payment organization (debit and credit cards combined) in the world offering mobile and online payments based on total value of payment transactions, ahead of Visa and Mastercard.
I hope its presented here very nicely with pics and links so that everybody is able to understand.