FBS Copy Trade Review 2023 – Compare Best Copy Trading Platforms

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Below you will find a review of the FBS CopyTrade. We have reviewed selected copy trading services to assist you in making an informed choice.

FBS CopyTrade is an app-based social and copy trading platform that enables investors to trade on the financial markets, following the example of more experienced traders. This FBS CopyTrade review aims to examine the platform’s features, the registration process and the overall customer experience.

FBS CopyTrade Overview

FBS CopyTrade solution is developed by FBS Markets Inc, a Forex and CFDs broker established in 2009. The company is licensed and regulated by the International Financial Services Commission of Belize (IFSC).

It is available for download as an app from Google Play and Apple App Store. It enables you to register a profile and trade in over 30 currencies pairs and metals in one single tap. Let’s have a more detailed look at the platform.

FBS CopyTrade Tools and Features Review

This product is a classical social and copy trading platform, where less experienced traders can follow and automatically replicate the strategies and the experts’ trades.

If you are an investor with less or no experience, once you create your profile, the platform will provide you with a list of professional traders. You can monitor their profiles, review the success rate, how many followers and copiers they have, and what commission they charged on their strategies’ successful performance.

This way, you can make an informed decision even without having much trading experience. Once you find a trader’s style suitable for your requirements, you can follow and add them to your profile. FBS CopyTrade allows you to interact with them – you can ask them questions and exchange ideas.

Expert traders can directly set up their accounts to allow forex copy trading and set up the commission percentage they will receive. FBS Copy Trade enables them to select the percentage based on their previous performance.

A contrary to other platforms such as Hot Forex Copy, you can also upgrade from copier to Trader to be followed without making a separate account but simply share your account through Personal Area. Your account will automatically become visible to other investors searching for trades to copy.

Funding methods and withdrawal policy

FBS Broker offers several accounts to its customers. However, only the version “Micro” is available for FBS CopyTrade. The account has a minimum deposit of 5 USD. The platform support payments via cards or online systems (PayPal, Neteller etc.) The withdrawal policy is standard, and they don’t charge withdrawal fees. However, you should carefully read the little shrift as your payment system might impose fees.

Registration Process Review

As they don’t have a web or desktop version, the whole registration process goes through your phone or tablet. The standard procedure includes email verification through SMS and ID confirmation, so make sure you have enough free time to go through the whole process as it will be more than a few minutes.

Customer Experience Review

FBS CopyTrade is a standard forex social trading platform with clear roles. However, the lack of a desktop version could be a setback for many investors and traders who prefer the wider screen. Some customers testimonials also mentioned glitches while using the platform.

Advantages and Disadvantages

Advantages:

► Simple and easy to navigate

► Copiers can upgrade to Traders to be copy

Disadvantages:

► Available only as a mobile app

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