How does fbs copy trade works

Confusion and insecurity while trading are no more – now a huge professional community is by your side 24/7.

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FBS CopyTrade, how does fbs copy trade works.

Start today and let the selected experts work for you! Once confident enough, you can become a trader to be followed in FBS copytrade. Just share your FBS account from the personal area. Investors will get a chance to copy your orders, and you will get a commission from their trades. That’s it!

FBS copytrade

Profit by copying skilled traders

Join the league of smart investors with FBS copytrade. This social trading platform allows you to follow the strategies of the top market performers and copy them to earn money effortlessly. When professionals profit, you profit too!

Confusion and insecurity while trading are no more – now a huge professional community is by your side 24/7. Start today and let the selected experts work for you!

FBS copytrade introduces you to the financial market and helps to manage your investments wisely.

Copy the best traders and earn like a pro

Trade together with the best players by following in their footsteps

Get detailed trader information

Browse the list of top traders, check their profit statistics, and pick the most successful ones to copy

Create a unique portfolio

Favorite the best traders, track their progress, network with them, and make money

Start and stop copying anytime you want

Take action when traders are doing their best and alter the schedule depending on your needs

Copy pro traders with the app

Investing has never been easier!

Enter the market without any specific financial knowledge

Earn money effortlessly – chill while others work

Invest in just one tap!

Deposit and withdraw via a variety of payment systems

Track all your progress and manage risks

Increase your investment amount whenever needed

Share your skills and get paid!

Once confident enough, you can become a trader to be followed in FBS copytrade. Just share your FBS account from the personal area. Investors will get a chance to copy your orders, and you will get a commission from their trades. That’s it!

Copy pro traders with the app

Top 5 traders to copy

Return rate over the period

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Video tutorial for android

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What is copy trading, how it works and where to start

So you want to find out what is copy trading, how it works, and what are the best options to begin with?

And in particular, you want to find out what is copy trading in forex?

You couldn’t find a better post.

In this post you will find:

Explanation of what copy trade is

Who are the main players

How does signals replication work

Who is the signal provider

Who is the follower/investor

What are the risks

What are the best options and resources to start

79.67% of retail CFD accounts lose money

What is and how copy trading works

Copy trading is an innovative investment methodology.

Today you probably hear more about social trading, and the trend is to call everything with that name, creating also a bit of confusion (read here the differences between mirror-copy-social trading).

For precision sake, here we will discuss specifically copy trading.

With copy trading the investor has the option to automatically “copy” every operation executed by another trader, in order to replicate his performance on his own personal account.

With a copy trading service the investor does not give his funds in the hands of the fund manager, i.E. The other trader (as happens with the common investment methods).

In this case, the investor simply opens a personal trading account, which he keeps the property of, and then, via the copy trading platform, he connects his account to the designated trader one’s.

In practice, funds are always in possession of the investor, there is no delivery of money to a third party.

Simply, with copy trading the investor delegates the management of his account to another trader (or more then one) from whom he automatically copy the trades.

The main players

What are the essential components at the backbone of copy trading?

There are several versions and nuances in the multitude of services offered, but essentially these are the basic components of any copy trading service.

The market

Being a financial instrument, is obvious that the entire structure is developed on a financial market.

The main market on which copy trading was born and grew (due to its immense liquidity) was forex market, i.E. The foreign exchange market.

After that, with the advent of cfds, almost all the other markets and their instruments joined the arena, including stocks, indices, commodities, interest rates, etfs, and even bitcoin.

The broker

Another fundamental element is the broker, your ever-present companion. You can’t invest in almost any market without it.

With copy trading, you need a broker (usually forex brokers) to get a trading account on which to receive, via the copy trading platform, the operating signals of the traders you have decided to copy.

Some leading forex brokers, however, are also copy trading platform themselves. The concept is the same. In any case, you must choose a broker (among those which support these services) and open a trading account (even demo).

Soon we will show you what the best options for copy trading are.

The trader (or signal provider)

The signal provider is the trader you have decided to copy.

Obviously, you don’t choose which traders to follow sight unseen. Each platform allows you to observe and evaluate various data on the trader’s operating performance.

There are various modes.

Some platforms require an evaluation of the strategy before allowing it, while others simply record the performance of the signal providers from the moment they subscribe, thus creating statistical data records for the users to consult.

The visibility of these data and their depth and accuracy, as we shall see, are some of the most important elements for a correct selection of the best traders to follow.

The investor (or follower)

This is, of course, your role.

Copy trading is very flexible and can be used for many investment methodologies.

Each investor has his own objective and risk tolerance. Your job is to understand how to translate into practical and specific choices these two components: goals and risk management.

The investingoal’s mission instead is to explain you how to do it best.

The copy trading platform

Last component, of course, is the copy trading platform, without which this would not be possible obviously.

Before the advent of these platforms, investors who wanted to benefit from the experience of other successful traders were using mailing list or chat rooms services, but, clearly, they were not automatic.

As we shall see, there are different types of copy trading platforms, each with its own characteristics, each with its own pros and cons.

It is up to you to decide which one to choose according to your expectations.

Also in this case, investingoal is ready to help you in this choice.

What type of trader are you?

74-89% of retail CFD accounts lose money

The replication process

As mentioned before, there are brokers who are copy trading platforms themselves.

However, for convenience only, to explain the signals replication process, we will refer to the condition in which the brokerage and copy trading services are managed by separate entities.

The copy trading platform is primarily concerned with two things with regard to the actual signal replication tasks:

It acts as an intermediary between the signal provider broker and the investor broker (it’s a broker of brokers)

It handles the replication and propagation of signals from the signal providers to the multitude of investors who copy them, according to the particularities of each one.

Imagine you have a $ 1,000 account, but you want to replicate a signal provider with $ 100,000 account. His hypothetical 1% invested in a new trade is equivalent to your entire capital, and you obviously can’t afford to invest the same amount, otherwise one losing trade would be enough to burn your account.

For this reason, we need to proportionally replicate the trades of signal providers. The copy trading platform takes care of this.

Your job is to give them the necessary instructions, deciding the settings with which you want to replicate every trader.

When the signal provider opens a new trade, his broker sends the data of the same trade to the copy trading platform

The platform receives the data of the new trade

The platform verifies who are the investors who are copying the signal provider, and the personal replication settings of each

The platform sends to each investor’s broker the details for the opening of the new trade, but modified according to the client settings

Each investor’s broker opens the order on its customer’s trading account

And this is all automatic.

And it happens in a few tenths of a second.

Same thing for the closure of the trade, or for a change in the stop or profit parameters.

The signal provider

In copy trading you can consider signal providers like the assets in your portfolio, and that’s why it’s often called a “people based portfolio”.

Each trader has its own characteristics and peculiarities, but there are some common categories under which we can categorize them.

The first category refers to the techniques used for trading, and we have:

Those who use fundamental analysis

Those who use indicators

Those who use price action

Essentially, most of the time a trader specializes in one of these three categories, but he also has a basic understanding of the other two.

We can then group them according to the time horizons in which they operate:

Long-term traders (monthly or yearly horizon)

Swing trader (daily/weekly horizon)

Day trader (hourly/daily horizon)

Scalper (seconds/minutes horizon)

Then, there are various factors you will need to pay particular attention to, for studying the strategy and the performance of the signal providers. Among the most important there are:

How long he has been trading

How many instruments he trades with (is he specialized on one or does he diversify with many?)

How many positions he usually keeps open simultaneously

How many trades he executes on average (per day, week, etc.)

How long he keeps them open on average

What’s the winning percentage

What are the of risk/reward values

Did you know that thanks to social trading you don't have to be a trader to earn like one? OPEN AN NAGA ACCOUNT AND TRY!

79.67% of retail CFD accounts lose money

The follower

Investing in a copy trading strategy basically means to become a fund manager.

The fund is your, the capital is yours, and the manager is you.

You then have to decide what are the objectives of your fund, what risks you are willing to take, and then look for the best solutions to build it, i.E. The best assets.

In our case, your assets will be precisely the signal providers.

Many beginners make the mistake of thinking that the only important thing is finding the right traders, and that everything else doesn’t matter.

On the one hand, it is certainly true, but this is not enough.

Think at the above example, the signal provider with $ 100,000 account and you with $ 1,000. If you can’t reason properly, you risk of burning your account even by following the best traders.

The factors on which you need to focus on and to develop as an investor in copy trading are:

Declaration of (plausibile) goals

Recognition, analysis and management of risks

Search and selection of signal providers

Choosing each signals replication setting

Implementation of the strategy

Portfolio management and monitoring

What are the risks

Copy trading is a form of investment, we said that many times.

And as with any type of investment, you are putting your capital at risk.

Anyone who says the opposite, that there are no risks, is lying and is not in good faith.

Here are some of the risks you will be present with, and that you will be able to face.

Not knowing how the platform works

Let me tell you an episode actually happened to an investor.

Instead of taking the time to learn at least how the platform worked, an investor started immediately to replicate some signal providers.

The problem was that, because of the haste and inexperience, he thought he was replicating their trades with 10 micro lots, while in reality he was doing it with 10 standard lots.

This happened exclusively because he didn’t pay attention to the platform settings.

When he realized it, it was too late.

Not recognizing the risks of the signal provider’s strategy

I’m sure that many times you will encounter signal providers with stratospheric performance.

Perfect equity line, with no drawdown, winning percentages close to 100%, steady profits every day.

Let me tell you right away. The strategies behind this type of performance are a mirage, and they hide a sure recipe for failure.

Those are strategies based on techniques such as price averaging down or even worse the martingale. In the short term they may also give crazy results, but in the long run they are definitely not sustainable, and sooner or later they will face certain failure, and it will happen fast.

Not knowing how much capital to assign to each signal provider

You need to know how to allocate your capital on your different assets, i.E. On the signal providers, in order to maintain an optimal risk, minimize losses, and maximize profits.

Otherwise, you risk of giving too much capital to riskier entities, and less to the more virtuous ones.

Not controlling your portfolio

Copy trading is not an activity that you simply set once, then you forget it, and you remember of it only when you want to cash your profit.

Obviously, it should not become a full time job either, as the signal provider one, otherwise it would lose its convenience.

The important thing is to find a balance, in order to constantly monitor the evolution of your fund, and knowing how to deal with adversities and how to react to them.

What are the best options

Now it’s time to give you the best resources to deepen the topic.

We can say that this post is a brief summary of our guide what is social trading (we called so for the reason I said at the beginning, but in essence it’s an extensive guide to copy trading, with 12 lessons).

There you’ll find all these topics treated more thoroughly, point by point.

Here, instead, there’s the link to find out what are the best copy trading platforms.

Etoro (for which we have also an etoro for beginners guide and a detailed review where there’s also an etoro pros and cons section)

Zulutrade (for which we have also a zulutrade for beginners guide)

NAGA trader (for which we have also a NAGA trader review)

I hope I was helpful in this mini copy trading guide.

What do you think about it?

Do not hesitate to write in the comments for any questions, concerns or just to tell us what you think.

FBS copytrade launches A new card scanning feature!

The FBS copytrade team has created a new feature for a more convenient app use! To make financial transactions like deposits or withdrawals, users can now scan their cards with their phone cameras.

No need to squint at all those symbols and put them in manually one-by-one. Now to complete a financial transaction, users can tap the card icon in the card number field when filling in card information and let technology do all the dirty work. The app will fill in the card number, cardholder name, and the expiration date – the CVV2 code needs to be put in manually. The feature is available in the FBS copytrade app for both iphone and android users.

FBS copytrade app is the first of FBS products to introduce this feature. We will not stop here: our team is working relentlessly to make sure the investors have a great time using the FBS copytrade app. Our app has received awards as the most user-friendly social trading app – and we work hard to prove that we deserve these awards.

The FBS copytrade app is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The app was launched in 2018. It is used by more than 5 million investors. FBS copytrade allows people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.

FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC barcelona from january 2020.

FBS copy trade guide – discover how FBS works

Since there are a lot of websites sugar-coating social and especially copy-trading, we've decided to create these reviews and guides in order to dispel any illusions, you might have. We want you to know exactly what you're getting into.

One of the things you should know right from the start is how traders can inflate their numbers in order to appear more successful than they actually are. Some of the platforms, like FBS copytrade, but also zulutrade, myfxbook, etoro, or metatrader 5 (award winner in 2019) have a certain list of successful traders you can follow. However, following those traders isn't a guarantee at all. You need to be aware of the risks and that its quite possible for a trader to end up on the list even though he does not belong there. We will explain how that's possible and what you need to look at in order to avoid this sort of traders.

This complete guide will shed light on FBS copy trade: scam or legit? Can you withdraw the commission and how long it takes? Are "professional" traders real? Is execution manipulated?

About FBS

FBS markets inc. Is a forex and CFD broker that offers its services across the globe. The company was established in 2009 and since then, the brand has grown in size, capacity and technology. It offers currency pairs, cfds, stocks and metals on its modern platforms. The broker website is available in 18 languages.

Behind the brand is FBS markets inc., a company licensed and regulated by the international financial services commission of belize (IFSC).IFSC has very liberal control over forex brokers, but still, the regime in belize is better than those in other offshore jurisdictions.

The broker offers the suite of metatrader platforms, including metatrader 4 (MT4) and metatrader 5 (MT5), developed by metaquotes software corporation.

FBS offers only 48 instruments, including 37 currency pairs and 11 cfds, four of which are cryptocurrency cfds.

Arbitrage and scalping are not allowed.

The maximum leverage plays negatively to the company’s strength, the 1:3000 leverage is indeed the highest offered by any broker in the industry. Novice and even experienced traders are susceptible to the risks of higher leverage, as a huge margin of 1:3000 can wipe out the investment with just a 3 forex pip move. Considering that the starting bid-ask spread for the micro account is 3 pips, it is easy to understand how a trader can face a margin call copy trading someone with a larger amount in his account.

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Start earning with FBS copytrade app

Trade your best, be copied by thousands of investors, and get a reward for each person copying you!

1. Open a trading account or use an existing one

Choose an account type that suits your trading style or start right away with an existing account

2. Go to the account page

Go to your personal area and choose an account you’d like to allow for copying

3. Switch on the copy parameters

Click on “share to copytrade” in your trading account settings and set up your profile
to let people copy your deals, make sure the following is valid:
- your trading balance is $100 or more
- your account is verified

4. Get an additional profit from your trades

– get a fixed 5% commission from all your successfully closed trades
– or become a PRO trader and set the commission by yourself.
Click the “start” button and get your reward

Download the FBS copytrade app to check out other traders' progress or to copy them.
With FBS copytrade, you can make even more money from your daily trading sessions. Just allow your trading account for copying by FBS investors and get a reward for their profit. It’s a win-win! Other people gain knowledge, and you get paid!

You don’t need to install any additional software or take any further action. Enable this function in your personal area, trade in your usual style, allow people to follow your example, and get rewarded!

To attract more investors, create a clear and interesting description. Share your top trading instruments and strategies, show your trading style, and provide options how to contact you. The better your account performance is, the more investors choose your orders for copying, and the more profit you get.

Accounts that can be copied:

MT4 standard

MT4 micro

Get the most out of your trading skills with FBS copytrade app!

A huge community of investors is constantly looking for accounts to copy. Use this chance to increase your profit many times over with FBS copytrade app!

The top 5 traders to copy

Return rate over the period

Fxdailyreport.Com

People nowadays look for sources of extra income. Some sell online, work as freelancers, invest, and trade. Speaking of investing and trading, did you know that they are one of the most popular money-making schemes on the internet? With the evolution of technology comes the big changes in investing and trading. Before, stocks, indices, commodities, and forex can be bought over the phone, which is quite a hassle and a slow process. You have to talk to a human broker to buy the companies you want. But with new technology, you can now invest and trade with the tip of your fingers. If you want to learn more about trading and how you can earn passive income through it, read the rest of the blog.

How to earn passive income through trading and investing

Passive income can be easily earned through trading and investing. Unlike online selling or working as a freelancer, there is no need for you to think of your buyers or clients when you are working. With investing and trading, you are your own boss. You can earn as much as you want. If you are not yet convinced how trading or investing can make you money, here’s what you need to know.

1) trading or investing can make you millions.

This might be too good to be true but trading can actually make you millions of money if done correctly. There is a saying that you can’t make a lot overnight but if you let your money sit in a broker for a while, it can work for you ten times or more. All you have to do is be patient and wait for the right timing to enter and exit the market. It may be tough at first but believe it or not, your patience and discipline will pay off.

2) you can do it full time.

No one wants to be a corporate slave forever. If you are looking forward to quitting your full-time job soon and you want something more sustainable where you can earn more, then trading is the best alternative. What’s great about this money-making scheme is that you can do it full-time whenever you feel confident quitting your job. Just make sure you have enough knowledge and money to do trading continuously.

3) your money works for you.

Unlike any employment or online jobs, trading allows your money to work for you. You don’t need physical strength to grow your money. You can save your energy to travel and do the things that you love while your money does the work. But remember that you need other things such as knowledge, money, time to study, and confidence. In trading, you can win a lot but lose more. You need a plan and lots of strategies to take home more wins than losses.

The idea of copy trading

Now that you have a gist of what trading or investing can do for you, let’s jump to an easier way to earn passive income through trading. Indeed, the internet and technology have evolved in a way we can’t imagine. Instead of just using online platforms and brokers, you can now start trading even without enough knowledge of it. While you are studying the market and the fundamentals and technicals of companies, you can start investing money in stocks and other portfolios through copy trading.

Never heard of it? Here’s what you should know.

What is copy trading ?

Copy trading is a strategy that enables you to copy positions opened by individuals. With copy trading, it’s not necessary that you know the stocks you are investing in. There’s no hassle in this strategy because all you need is money and a good trader to copy. Today, a good number of brokers offer copy trading to millions of investors and traders. For as low as $200 as capital, you can already invest money and let it grow by copying someone’s portfolio. The secret to earning more is by looking for a good trader who knows what he’s doing.

How does copy trading work?

To start copy trading, you need a broker that allows this strategy. Not all online brokers have copy trading but a couple of them are keeping up with the trend. Some of the good brokers you will find online are octafx, FBS, etoro, and instaforex. You can choose any of them depending on your trading preference.

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FBS copytrade launches a new card scanning feature!

FBS copytrade app is launching a new feature to be even more convenient to use!

The FBS copytrade team has created a new feature for a more convenient app use! To make financial transactions like deposits or withdrawals, users can now scan their cards with their phone cameras.

The app will fill in the card number, cardholder name, and the expiration date – the CVV2 code needs to be put in manually. The feature is available in the FBS copytrade app for both iphone and android users.

Our app has received awards as the most user-friendly social trading app – and we work hard to prove that we deserve these awards.

About FBS copytrade

The FBS copytrade app is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.

FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC barcelona from january 2020.

Disclaimer: the content of this article is sponsored and does not represent the opinions of finance magnates.

FBS review: is FBS A scam? No, but it’s not worth it!

If you’re interested in the stock market and foreign exchange as a way to make money online then you’ve probably come across FBS and maybe you’re interested in trying the platform out or still on the fence because you’re unsure if it’s legit or just another scam.

So I did a lot of research and this review is about what I found out about FBS. I suggest you read on to know more about what you’re about to get yourself into. After this review, you’ll be able to make a better judgment about whether to try FBS out or not.

By the end of this review you’ll know:

A background on FBS

How it works

What tools FBS offer

The pros and cons

If it’s A scam

And lots more

FBS review in A nutshell

Product description: international brokerage company

FBS is a forex company that operates in more than 190 countries. It claims to have 410,000 partners and 15,000,000 traders. FBS offers seminars and events that provide training materials and trading technologies. They claim to cater to both beginner and professional traders.

Overall, I’d say FBS is legit but there are a few some red flags you should know about.

Overall

Lots of tools

Cheap capital

No info on who runs it

Doesn't operate in large markets because of legal restrictions

User review

Wanna make money online but sick of scams?

Here's my top recommended training >>

What is FBS exactly?

FBS prides itself to be an award-winning international forex broker since 2009. FBS started in belize and later on expanded to cyprus then to other parts of the world.

Want more idea about what forex is? Here's a helpful explainer video:

Most of the international awards they received are about recognizing them as a transparent broker with some of the best levels of customer service.

One thing I can tell you is that award committees do not easily give out recognition without doing a lot of research. I must say, FBS passed the legitimacy test with flying colours here.

FBS is also regulated by european financial authorities making them a legitimate forex trading company. (I’ll give you more details about these licenses later on)

Although the claim to be partnering with FC barcelona adds to their credibility, the lack of information on who runs it doesn’t sit well with me. I mean come on, if I join a company, I’d like to know who’s behind it to make sure he’s not just another scammer and that what I’ve read are not just hyped-up claims that will fail to materialise.

Sick and tired of hyped-up claims?

Discover a scam-free way to make money online instead >>

How does FBS work?

First, you make an account by clicking “open live account”. After entering your information, click the “open an account” button. A single mission password will then be emailed to you to verify.

Although FBS offers a total of 6 account types internationally, EU clients are only offered the standard account.

This tells me that the other account offers don’t go in line with EU financial regulations. So to avoid losing their license, they just offered that one account.

Here’s a list of the account types FBS offers:

Cent account – this is designed for tyro traders (beginners) who’d like to try their skills with live trading. This starts with a $1 opening balance.

Micro account – this is designed for traders who want to calculate their exact profit. This starts with a $5 opening balance.

Standard account – this is designed to be the regular account. This starts with a $100 opening balance, for EU clients thought the opening balance is €100.

Zero spread account – this is designed for fast speed traders.

ECN account – this is for traders who want to experience ECN technology.

To test the waters, FBS also offers a:

Demo account – this is designed to allow a trader to simulate the actual trading platforms minus the risks for free. This kind of account is filled with virtual funds of up to one million dollars.

In my opinion, they offer these various trading accounts to cater to the needs of different kinds of traders, so there’s an account for everyone and fewer reasons not to try it out.

FBS is an international company BUT is not available to traders in japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran. That’s a major red flag to me there. These countries have great market potential but FBS is not available for them.

Here’s what I think the reason is:

Japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran have tighter financial regulations and may have already seen this might create issues. The trouble could be in the system itself or in obtaining the necessary licenses.

Whatever the case, I think they are evading these countries for legal restrictions. And I know restrictions are made to prevent fraud.

FBS trading platforms

FBS uses MT4 and MT5, products of metaquotes software corporation, a company that specializes in developing trading systems.

MT4 was developed in 2004 and MT5, its updated version was developed in 2010. The 2 platforms basically look alike. The only difference is that because MT5 is more recent than MT4, so it offers more features.

Both these platforms can be accessed using windows and MAC computers.

How about for other gadgets?

This is also available as an app. That's a big thumbs up for FBS.

They also have an FBS copytrade platform; a social platform that allows traders to copy expert traders’ strategy for a commission. This will be really helpful for those who don’t know all the ins and outs of forex trading.

Other FBS tools

1. Personal area mobile app

It allows a trader to access his demo and real accounts, managing them all in one place. From this app, you can manage your personal profile and add or withdraw funds from those accounts.

Makes things more convenient, great to know!

2. Economic calendar

You can find this at the MT5 platform or on the FBS markets website. It shows the time and date of events that impact the forex market. You can then use this to make analyses and calculated forecasts.

3. Currency converter

This can help a trader who has a different currency from the trading instrument. You can then use this tool to convert currencies based on prevailing rates.

4. Trader’s calculator

This can help you estimate potential profits in a specific trade.

5. Forex news

The news is grouped into categories to help you check when the best time to trade is.

6. Forex TV

Allows you to access weekly marketing insights giving you a better picture of the trading status.

What I like about FBS

Lots of tools to help make a good trade

Low capital required to open an account

What I don’t like about FBS

No info on who runs it

It doesn't operate in large markets because of legal restrictions

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Is FBS A scam?

Although I’ve mentioned a few red flags, I’d still say FBS is legit and here’s why:

FBS market inc. Has the registration number: 119717

IFSC regulates it and gives it the authority to operate with the registration number: IFSC/60/230/TS/19

FBS.Eu is the european branch of the company. Trade stone ltd is its operator, an investment firm in limassol cyprus. Cysec regulates and gives it authority to operate with the registration number: 331/17

As a regulatory directive, FBS keeps the traders’ funds in a different bank account and claims that is it now used for company operations. The good thing with this is even if a broker becomes bankrupt, trader’s investments are safe.

EU clients are protected by the ICF. This means that if FBS collapses, investors can receive up to €20,000 as compensation.

As protection against fraudsters, FBS implemented standard digital security which involves encrypting its website and platforms with SSL.

When a company goes the extra mile to obtain these licenses and security measures, I’d say they’re legit, because if they were not, they’d be behind bars in an instant.

Other than that, they’ve been operating for 11 years, I’d say that much history won’t be possible if they were just scams.

But here’s the thing: even if I believe that they’re legit, I’d still not recommend it to you. Legitimacy doesn’t erase the inherent risk that comes with forex.

The bottom line

Overall I’m pretty impressed with FBS's platforms and history. Plus I put them in the legit list because of the licenses they obtained.

But like what I’ve said earlier, I still won’t recommend it to you.

If I’d give you a bit of advice on how to make money online the legit way, I’d avoid anything that comes with a lot of risk like forex.

As always with these programs, there's a lot of hype around how much you can make, but they don’t say anything about how much you could lose.

The risk warning down at the bottom of the website is just another way of saying there’s no guarantee you can earn from this.

Remember, forex’s last name is risk. Forisk.

A wayyyy better opportunity to make money online is through affiliate marketing.

It’s legit minus the risk forisk comes with. (I’m getting used to that word now!)

With affiliate marketing, you can start from scratch and learn from their training platforms. Not just that, affiliate experts will offer to coach you when needed.

Affiliate marketing also equips you with the tools to build a solid and legit business.

And you can test the waters out for free. If you want to know more about affiliate marketing, check out this link.

And if you want to start building your business, discover how wealthy affiliate can help you with that.

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Is copying traders a good way to earn passive income?

Blindly copying is dangerous: both in school and when you do trading.

With the growing popularity of sites like etoro, more lay investors in singapore are thinking about dabbling in trading. The prospect seems tempting: all you do is put some money down, and a program imitates an experienced trader in buying and selling (stocks, forex, commodities, etc.)

Here’s what total beginners should know before they attempt it.

How does copying traders work?

Copying trading is a tactic used by some newer investors, who don’t have the needed experience. This is as simple as putting down your money, choosing a trader, and then letting a website mimic the chosen trader’s buying and selling with your cash. The most famous of these are etoro, zulutrade, and currensee.

Most of the time, these sites give those traders an incentive to be copied. On etoro, for example, traders earn small commissions based on the number of people copying them. Note that people who copy other traders can also, in and of themselves, be copied and earn commissions.

On the surface, this seems like a straightforward way to earn passive income. However, there are risks that you need to look out for:

You are risking a capital loss

Picking traders is not easy

Not following trades proportionally is dangerous

Copy trading should be a learning tool, not a magic wand

You are risking a capital loss

There’s no way around the fact that trading is a high risk activity. You have to realise that, every day you trade, you’re risking a capital loss – it’s entirely possible to put in S$5,000 and walk away with nothing.

Copy trading should never be equated with financial products such as endowments, investment linked policies, unit trusts, and so forth. Unlike these products, the returns from copy trading will whipsaw, fluctuating significantly every day. You must be psychologically prepared to see huge losses on some days, and if you’re risk-averse this can keep you up at night.

You should never sink your savings or retirement fund in copy trading; only use money that you can afford to lose. And let’s be frank: if you’re the type who can afford to lose money, you’re probably savvy enough that you don’t need to copy other traders.

Choosing traders to follow is not easy

There can be thousands of traders for you to follow. Picking a “good” trader is not a simple process. You need to consider what they trade in (stocks, forex, or commodities?), and whether their approach suits you.

If you don’t have much money, for instance, copying an aggressive forex trader is likely to wipe you out in a matter of days. If you pick traders with 100 per cent win ratios, you may later learn it’s because those traders refuse to close losing positions, instead waiting for the price to go back up (this approach gives the trader a 100 per cent win ratio, while at the same time making them high risk. Those traders are not cutting losses).

Some sites encourage traders and their followers to talk to each other. But however nice and competent a trader might seem, remember those traders (1) get commissions for letting you copy them, and (2) may have little real interest in the welfare of their followers.

Your “trading guru” is not your financial adviser, and won’t avoid taking risks just because it puts followers like you in danger. If you can’t handle the same risks your trader can, that’s your problem – they’re not accountable to you.

(and if those traders happen to be multi-millionaires, their version of a “small risk” might be something that would financially destroy you.)

Not following trades proportionally is dangerous

Most websites let you follow trades proportionally. For example, the system may set your trades, dollar wise, at a proportion of 10 per cent of whatever your trader buys – so if your trader buys S$100,000 worth of gold, you would buy S$10,000 worth of gold.

A beginner should never, under any circumstance, copy the trader without staying in proportion. For example, if your trader buys S$100,000 in gold, don’t decide “gold must be good”, and then ignore the fixed proportion of 10 per cent and fork out S$50,000 for gold.

Established traders have good reason for vesting different amounts in different assets; the whole point of imitating them is because you don’t understand those reasons (yet). If you are going to copy trade, then make sure you stick to the “copy” part in all respects.

Copy trading should be a learning tool, not a magic wand

No matter what you may have heard, copy trading isn’t – and never was – designed to help lazy people magically make money. It isn’t a get rich quick scheme, and it will punish you if you try to treat it as one.

The purpose of copy trading – or social trading – is to help beginners who have a genuine interest in learning to trade. This ranges from finance students, to people who have decided on trading as a career path. Copy trading allows them to interact with experts, analyse various strategies, and develop a better understanding of different trading systems.

That’s the whole reason these sites organise web talks and co-ordinate forums. It’s not just a chatty diversion.

If you really want to educate yourself on trading, then copy trading is a revolutionary learning tool; previous generations of traders would have killed to have it. But if you think copy trading is an easy way to make passive income, then you’ve really got the wrong idea. That’s like mistaking a cooking school for mcdonald’s.

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FBS copytrade saves your time. ⏱

Do you want to get passive income, but you have little time to trade on your own? With FBS copytrade, you don’t have to learn all the stuff about trading and spend time analyzing the trading market. Entrust your investments to experienced traders and wait for the result! Copy-trading allows you to invest in any trader you like and repeat his actions in just a few clicks. How does it work?

1. Choose a trader to copy
2. Invest in him any sum you want if a trade closes successfully, you get a proportional amount of a profit. It means that the sum a trader gets is equal in percentage to what you get from the amount of your investment.

Let other traders do work for you, and save your time with FBS copytrade! ��

so, let's see, what we have: take your chance to increase your capital with FBS copytrade app! Copy the most profitable traders, use various tools to prevent yourself from loss, and don't hesitate to contact our 24/7 support team in your language! At how does fbs copy trade works