FBS trading exchange is a brokerage with a wide network of operations in 190 countries globally. With diverse participation from customers from different continents and countries, FBS copy trade becomes a notable point for traders who want to perform Copy Trade transactions. Let’s explore with Learn Forex Trading in detail how to trade Copy Trade on FBS.
What is FBS Copy Trade?
Let’s Learn Forex Self-study to learn more about FBS forex trading through the section below.
Basic information about the FBS platform
FBS is a financial exchange specializing in the foreign exchange (Forex) market and CFDs. FBS platform has met the financial trading needs of individuals around the globe.
FBS was born in 2009 and has become one of the leading foreign exchange exchanges. FBS has a total of 16,000,000 traders and more than 410,000 partners globally. Every day, FBS receives about 7,000 new accounts and the deposit amount of investors increases 8-10 times. Notably, 48% of investors consider profits from trading on FBS as their main source of income. In addition, every 20 seconds, customers on the exchange make a profit withdrawal request, showing positivity and vibrant activity on the exchange.
FBS products operate with high transparency. Ensure there is no dishonest behavior in transactions by investors. Create a safe and reliable trading environment for Traders on FBS.
See more: Detailed instructions for FBS registration account
Copy Trade on the FBS trading exchange
Copy Trade or Copy Trading is a simple concept in the financial sector. In which you copy the strategies and trades of other professional traders. This is a method widely applied in many different financial markets, including the Forex market
FBS Copy Trade is a simple social trading platform. On this platform, you can copy trading strategies from other experts. FBS provides a list of professional traders with information about their profile, success rate, number of copiers, and the commission costs they charge.
With FBS Copy Trading you can:
- Copy the best traders and earn with a 5% fixed commission
- Easily learn about Traders by viewing the list of top Traders.
- Build your portfolio by combining many top Traders and following their trading progress.
- Start and cancel copying whenever you want
In addition, there are some advantages when you participate in Copy Trade on FBS:
- Even if you have no financial knowledge you can start trading. All you need to do is copy experienced traders.
- You can still make money without spending too much time and effort learning. Professional traders will do that work for you.
- You can withdraw and deposit money easily through popular banks in the UK
Is FBS Copy Trading reputable?
Many traders wonder if FBS broker are reputable. So let’s find out information about the exchange and answer that question.
Why you can use the FBS Copy Trade function
The “win-win” principle between the three parties in the Copy Trade system is a great example of how each party can benefit without much risk
- The benefits are obvious for those who copy orders or follow other people’s orders. They can profit from the financial markets without in-depth knowledge and experience. This saves time and effort, helping them enter the market easily.
- For copied traders, trading is more than just a way to profit from the markets. It is also an opportunity for them to earn money from sharing their trading experiences and strategies. They are compensated for this by the exchange and may also receive fees from others copying their trades. This is especially beneficial when they have a large following and heavily copied trades.
- The trading platform also benefits from this Copy Trade system. They have a large number of members participating on the exchange. This creates many trading orders and transaction fees. The exchange collects fees from the transactions incurred and may also charge fees from the withdrawal process or account management. A portion of the trading fees is shared back to traders to encourage them to continue providing their trading strategies and experience.
Evaluate Copy Trade on FBS
FBS has created an excellent and user-friendly Copy Trade platform. It has removed complicated barriers and made it easy for both newbies and veteran traders to participate and benefit.
This corresponds to the fact that FBS Copy Trading is considered to have a good user experience. Not only does it help people with little experience in the field of foreign exchange have the opportunity to make money from copying the trades of experienced people. It also allows good traders to earn extra income by sharing their trading signals.
The focus on creating a simple, efficient, and fair environment makes FBS Copy Trade one of the exchanges with the best copy trading service today. Helps both newbies and experienced traders benefit and participate in the forex market with ease.
Instructions for performing Copy Trade on FBS
First, you need to have an account at FBS. You can register at: https://fbs.com/ to receive a 100% deposit bonus.
Download and install FSB Copy Trade software
After you have an account, you need to download and install the FBS Copy Trade application from CHplay or AppStore
Open the app and log in with your FBS account
Deposit money to FBS Copy Trading account
Fund your FBS Copy Trading account to start copying trades from professional traders.
Choose excellent Trader
In the “Trader List” section, you will see a list of highly profitable Traders. Select a Trader you want to copy.
Choose investment amount
Next step, you need to decide how much you want to invest. Consider carefully and determine your stop loss and take profit levels
You can track your transactions and manage your account through the app. No need to monitor the market 24/7, you can check profits/losses at appropriate times.
See more: Instructions for FBS account opening on phone
Things to note when performing Copy Trade on the FBS trading exchange
Below are some important notes when performing Copy Trade on the FBS trading exchange. To protect your account and ensure that you are copying from reputable experts and your performance is stable.
- Consider the risk level of the experts you choose to copy. It is recommended to choose those with a risk level below 5, preferably at levels 1 and 2. A lower risk level means that their transactions are usually more stable.
- Consider the commission the expert earns when you make a profit from copying. A commission rate of 5% – 10% is usually a reasonable fee and not too high.
- Check the expert’s trading history to make sure he or she has a large enough profit margin. Profit > 100% within 3 months is a good criterion to consider.
- Choose an expert who has been operating on the exchange for at least 3 months or more. A longer period of operation usually shows they are experienced and patient in the market.
- Make sure the amount you copy is not larger than your current assets. This will help you avoid the risk of putting too much money into one trade. Make sure you can sustainably manage copy trades.
Epilogue
Participating in the Forex market through FBS Copy Trade can bring financial profits. However, always remember that forex trading carries risks. You should invest thoughtfully and monitor your investments regularly. Learn Forex Trading will help you succeed in implementing FBS Copy Trading and achieving your investment goals.
Questions related to FBS Copy Trade
How to choose Traders to copy on FBS Copy trade?
To choose a Trader, you should consider factors such as their risk level, commission level, profit history, and uptime. Choosing a Trader that has a low-risk level, reasonable commissions, stable profits, and has been operating on the exchange for a long time will help you make smart decisions.
How to manage risks when participating in FBS Copy Trading?
To manage risk, you should choose a trade size appropriate to your current assets and set stop loss and take profit levels. Always follow the principles of safe capital management and only invest money you can afford to lose on your own.
How to create an account and start Copy trading on FBS?
To get started, you need to create an account on FBS. Then download and install the FBS Copy Trade application on your mobile device. After logging in, you deposit money into your Copy Trading account and select Trader to copy. This allows you to engage in copy trading easily and effectively.
