Once you’ve chosen your preferred CFD broker, you’ll need to open a trading account. You’ll need to provide your broker with 100 points of ID, just as if you were opening a new bank account. The information required by your broker will include:
Your name and address
Your phone number and email address
At least two forms of ID, including your passport and drivers’ licence
Details of a bank account to link to your trading account
You may be asked to provide further details to enable the broker to carry out a credit check on you, as the leverage that comes with CFDs is considered to be a form of credit.