Is fbs copy trade legit

Although I’ve mentioned a few red flags, I’d still say FBS is legit and here’s why: want more idea about what forex is?

Huge forex bonuses

FBS Review: Is FBS A Scam? No, But It; s Not Worth It, is fbs copy trade legit.

Here's a helpful explainer video:

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:

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

What I don’t like about FBS

No info on who runs it

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

Wanna make money anywhere in the world?

Get started with your FREE step-by-step beginners course here >>

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.

How I make A living online?

After years of working in call centres I finally figured out how to create a 5-figure monthly passive income stream and become financially free.

Thanks to the right training and a lot of hard work I kissed my old boss goodbye and booked a one way ticket to thailand.

So if you're serious about building a thriving online business, click here for the exact step-by-step formula I follow.

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 and tutorial 2021

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.

History & headlines

FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.

FBS leverage

The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.

FBS mobile app

MT4 & MT5 apps

Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS metatrader mobile trading

Payments

The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.

Demo account review

FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.

Trading bonuses

FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.

Licensing

FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar

Copy trading

The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.

Trading accounts

New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.

FBS verdict

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted countries

FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

FBS is scam

Davidnguyen

Recruit

I made a money on FBS. When I'm profitable but they do not want to send money to me.

It's funny when they say they do not have enough money.

I made withdrawal 36$, but till today I have not any funds on my bank account.

FBS official rep

FBS representative

I made a money on FBS. When I'm profitable but they do not want to send money to me.

It's funny when they say they do not have enough money.

I made withdrawal 36$, but till today I have not any funds on my bank account.

We would like to clarify the situation here.
First, we would like to draw your attention to the fact that your bespoken account is 50$ bonus account.

Please, kindly be reminded that according to the 50$ bonus promotion conditions:
each client/computer/IP can open only one “bonus 50” account. It is prohibited to work through proxies or using any IP-address modifying software. Opening the second bonus $50 account is impossible even after bonus funds are charged off.
Upon suspecting fraudulent activity on the bonus account, the company reserves the right to deduct the entire bonus amount and profit made with the bonus account without notice. In this case, the decision is beyond contestation.
Unfortunately, it has been found out, that your bonus account has violated the bespoken promotion conditions, that is why your bonus account has been blocked.
Also, we would like to inform you that each account is submitted to a very thorough examination, which includes more that just searching for the matching ips.
However, you are still eligible for our other bonuses, such as the bonus 100% on deposit, for example, where you may receive a 100% bonus of your deposit amount, for every deposit you make.

Thank you for your kind understanding!

Davidnguyen

Recruit

FBS official rep

FBS representative

Can you kindly clarify, what you feel is a lie? I'll be happy to explain.

Davidnguyen

Recruit

FBS official rep

FBS representative

If there is anything else I may help you with, please let me know.

@fxmaster since the client clearly violated the promotional conditions and is unable to provide further information for his case, I ask you to resolve this discussion.

Davidnguyen

Recruit

I have two questions hopefully you will be able to help me:

1- where your policy on the promotion conditions page?
- I only see this reason: "FBS reserves the right to refuse a client in bonus granting with no reasons given or without prior notification;"

2- even my real money account can not be withdrawal

Note: I do not want to give scamer my visa card information

FBS official rep

FBS representative

I have two questions hopefully you will be able to help me:

1- where your policy on the promotion conditions page?
- I only see this reason: "FBS reserves the right to refuse a client in bonus granting with no reasons given or without prior notification;"

2- even my real money account can not be withdrawal

Note: I do not want to give scamer my visa card information

Of course, I will be happy to help.

1. You may view the full list of promotional conditions in your personal area, by following this link: https://my.Fbs.Com/bonus/bonus50 and I am also attaching the screenshots of the conditions. For your convenience, I also highlighted the promotional clause that you violated.

2. In regards to your funds' withdrawal. Please refer to the customer agreement. Https://fbs.Com/docs/agreement_en.Pdf clause 5.2.7 states:

5.2.7. If an account was funded via debit or credit card, a card copy is required to process a withdrawal. The copy must contain the first 6 digits and the last 4 digits of the card number, cardholder’s name, expiry date and cardholder’s signature.

We would like to remind you, that visa/mastercard is a payment system, that allows only a refund of the deposited funds.
This means that you may withdraw back to your card, up to 100% of the initial deposited amount via credit card.
The amount over the initial deposit (profit) can be withdrawn to other payment system.

Kindly note, that you can cover your CVC/CVV code on the back side of the card, on the back side of your card we need to see only your signature since without it the card is considered invalid.

We hope we have managed to clarify all misunderstandings.
Please let us know if you need additional support.
FBS official

Attachments

4evermaat

2nd lieutenant

This is exactly why ESMA and similar jurisdictions ban or discourage bonuses. They are designed to confuse or trick traders into making deposits and create a confusing environment in which they can issue withdrawals.

Bonus aside, the client should still be entitled with withdraw of all deposits +/- profits or losses. Why some brokers go out of their way to have confusing conditions for their clients is beyond me. But then again, I try to avoid bucketshops.

Edit: why would you accept a deposit without making sure it was fully cleared first? That is AML 101. There should be 0 problems with withdrawal, because all of this information was supposed to be requested upfront.

FBS official rep

FBS representative

We are happy to hear out your opinion on this matter. Though we beg to disagree. Please, kindly take into consideration, that 50$ bonus doesn’t require any deposits. The profit from this bonus can be withdrawn after 2 lots are traded, and profit reaches over $25. Depositing to the bonus account is available, but not obligatory.
Also, all conditions are available for review before opening bonus account, i.E. A client can read them beforehand and decide if they fit his/her criteria or not. Also, we may assure you that we never tried to “confuse conditions” and bespoken condition was from the very beginning of the bonus launching.

As for withdrawal, you are absolutely right - a client should be able to withdraw his/her deposited funds, and as you may see, the customer was not prohibited to withdraw his deposit, we just asked him to provide the documents for security reasons and withdraw to the payment system, which was used for deposit. Again, we beg to disagree with your point of view that the company must request card scans upfront. The company must give notice to the customer, that the documents will be required, and in our case any client can find such notice in the customer agreement. Upon reading which he/she can decide if he/she wants to provide such documents and, therefore, deposit by card or not.

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.

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 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.

Best copy trading brokers in 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

The ascent of forex copy trading – also known as social trading, mirror trading, or auto trading – has been ongoing for over a decade. Thanks to social media and an increasingly faster web, financial news and market analysis propagate at lightning speed.

What is copy trading?

The idea of copy trading is simple: use technology to copy the real-time forex trades (forex signals) of other live investors (forex trading system providers) you want to follow. This way, every time they trade, you can automatically replicate (copy) their trades in your brokerage account.

Based on over 105 different variables, here are the best forex brokers for copy trading.

Etoro - best overall platform for copy trading

Avatrade - metatrader suite, zulutrade and duplitrade

Pepperstone - metatrader and ctrader platform suites

Vantage FX - metatrader, zulutrade, duplitrade, and myfxbook

IC markets - metatrader, ctrader, myfxbook, and zulutrade

Octafx - metatrader and ctrader platform suites

XM group - metatrader with custom indicators

Best overall platform for copy trading - visit site

Etoro is a winner for its easy-to-use copy-trading platform where traders can duplicate the trades of investors across over 2300 instruments, including exchange-traded securities, forex, cfds, and popular cryptocurrencies. (75% of retail investor accounts lose money) read full review

Metatrader suite, zulutrade and duplitrade - visit site

Avatrade is a trusted global brand best known for offering traders an extensive selection of trading platform options. Our testing found avatrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and a winner for investor education. (73% of retail investor accounts lose money) read full review

Metatrader and ctrader platform suites - visit site

While pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options. (between 74-89% of retail investor accounts lose money) read full review

Metatrader suite, zulutrade and duplitrade

While offering forex and CFD traders the metatrader platform suite, multiple social trading platforms, and a proprietary mobile app, vantage FX trails industry leaders in key areas, including mobile apps, research, and education. (74-89% of retail investor accounts lose money) read full review

Metatrader, ctrader, myfxbook, and zulutrade - visit site

IC markets caters exceptionally-well to algorithmic traders through its commission-based accounts. Third-party research and trading tool plugins are part of the IC markets metatrader platforms offering, making it our number one metatrader broker in 2021. (74-89% of retail investor accounts lose money) read full review

Metatrader and ctrader platform suites

From among its account offerings, including metatrader and ctrader platforms, the metatrader 5 (MT5) pro account stands out but still trails industry leaders in terms of low-cost forex trading and range of markets. (74-89% of retail investor accounts lose money) read full review

Metatrader with custom indicators

XM group is a vanilla metatrader broker that offers the complete metatrader suite, along with a few notable upgrades to enhance the experience, in addition to custom indicators. Trading tools aside, XM group’s research offering is rich with depth and variety, challenging industry leaders such as IG and saxo bank. (77.55% of retail investor accounts lose money) read full review

Copy trading history

Thanks to precise legal terms and ever-evolving trading technology, many regulators consider copy trading self-directed. In almost every jurisdiction, copy-trading is self-directed because the client must decide who to copy, even if the copying happens automatically (for each signal).

It’s important to note that not all trading platforms with social features provide copy trading.

Fun fact: many of the early pioneers in social trading technology started out first as third-party platform developers, such as tradency, zulutrade, and etoro. While some of these firms are still independent service providers (isps), etoro became a broker, for example.

Forex copy trading platforms comparison

Using our forex brokers comparison tool, here's a summary of the trading platforms offered by the best copy trading brokers.

Feature	etoro visit site	avatrade visit site	pepperstone visit site	vantage FX
proprietary platform	yes	yes	no	no
desktop platform (windows)	no	yes	yes	yes
web platform	yes	yes	yes	yes
social trading / copy-trading	yes	yes	yes	yes
metatrader 4 (MT4)	no	yes	yes	yes
metatrader 5 (MT5)	no	yes	yes	yes
ctrader	no	no	yes	no
duplitrade	no	yes	yes	yes
zulutrade	no	yes	no	yes

What is the best copy trading platform?

Our testing found etoro to have the best copy trading platform for 2021. Etoro is excellent for social copy trading and cryptocurrency trading, and is our top pick for both categories in 2021. Furthermore, etoro offers a user-friendly web platform and mobile app that is great for casual investors, including beginners.

Is copy trading legal?

Copy trading is legal in most countries, pending the broker itself is properly regulated. When investing in the financial markets through a regulated-broker, procedures during the account opening process help ensure it is legal for you to trade, depending on your country of residence.

How does copy trading work?

With copy trading, a trader (signal provider) shares their real-time trades with other traders (users). Using a copy trading platform, the users can, in real-time, automatically copy the trades of the signal provider. Each copy trading platform provides optional controls to protect investors. For example, traders can customize the amount of capital they are risking and which signals to copy.

Can you make money from copy trading?

Like any investment, you can make money or lose money copy trading. The idea with copy trading is that you can assess the profitability of each trader before choosing which signal provider you want to follow. However, as the market adage goes, "past performance is not indicative of future results." copy trading is risky, and many traders lose money. Only invest what you are willing to lose, start with a small amount of capital, and do thorough research before committing to a strategy.

How do I choose the best trading system to forex copy trade?

The best trading system to copy isn't necessarily the most profitable. It is crucial to align your risk-parameters with the strategy that best suits your investment goals. For example, a more conservative investor may choose a system with a lower average loss per trade, relative to the average profit. On the other hand, a more aggressive investor may choose a strategy which has higher volatility, which means higher risk for losses.

Many modern copy trading forex platforms contain hundreds or even thousands of signal providers. As a result, it can be difficult for traders to decide who to follow. Thus, it is always important to do research, start with a small amount, and never risk more than you are willing to lose.

Is copy trading a good idea?

Copy trading requires active account management, as it is considered self-directed, compared to a set-it and forget-it investment fund or other passive investments. Therefore, only you can determine whether copy trading is a good idea and if it should be included in your portfolio. If used correctly, copy trading can help you diversify your existing portfolio, and the best copy trade brokers offer the most tools.

How do you copy a trade?

First, use the platform's filters to narrow strategies and traders to copy. Next, compare strategies side by side to review historical returns and performance. Finally, enter an amount you are willing to risk and initiate the copy trade.

Copy trade tip 1: besides choosing a trader with good historical results, it’s important to look at the performance statistics for each system, such as the amount of risk taken (maximum draw down) and average trade size, duration, and frequency of trades.

Copy trade tip 2: some investors select more than one strategy, but having enough capital and choosing the right risk parameters, if any, are crucial when you copy trade forex strategies. Remember, copy trading is risky. Never invest more money than you are willing to lose.

Other thoughts on copy trading

Understanding how social copy trading networks calculate trading performance is an essential aspect as it affects the ordering of trader rankings. The method used to measure and track profit and loss also influences trade copiers.

Instant backfill bias is just one example of the challenges social trading technology developers face if they permit traders to instantly upload their entire trading history at the click of a button.

Such challenges have been known for years, and thanks to broker procedures, regulation, and robust technology, these concerns are mostly non-issues, especially for top-rated fx brokers. Nonetheless, if in doubt, it’s always prudent to check and ask questions.

Winner: etoro

Etoro is a winner for its easy-to-use copy-trading platform where traders can duplicate the trades of investors across over 2300 instruments, including exchange-traded securities, forex, cfds, and popular cryptocurrencies.

Trust: etoro was founded in 2007 and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (low-risk) for trading forex and cfds.

Commissions: for trading forex and cfds, etoro is slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for US stock trading.

Copy trading platforms: etoro's main innovation is merging self-directed trading and copy trading under a unified trading experience. It is a winning combination.

Runner-up: avatrade

Avatrade is a trusted global brand best known for offering traders an extensive selection of trading platform options. Our testing found avatrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and a winner for investor education.

Trust: founded in 2006, avatrade is regulated in three tier-1 jurisdictions and three tier-2 jurisdictions, making it a safe broker (low-risk) for forex and cfds trading.

Commissions: compared to pricing leaders such as IG and saxo bank, avatrade does not rank among the best brokers for low-cost trading, except for clients designated as professional traders in the EU.

Copy trading platforms: alongside metatrader, avatrade offers its proprietary platforms, as well as zulutrade and duplitrade, for social copy trading. The variety of platform options makes avatrade competitive in this area.

AvaTrade ZuluTrade platform social copy trading

Summary

Here's a summary of the best forex brokers for social copy trading.

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While forexbrokers.Com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by forexbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.

FBS reviews and comments 2021

How long take for withdrawing complete?

Joel 19 january, 2021 reply

Please, note that withdrawal process and time mostly depends on the payment system you choose, but all withdrawals are processed manually for security reasons. After being accepted by FBS, it's further processed by the payment system. If withdrawal takes more than average, please, contact us via support@fbs.Com!

FBS 22 january, 2021

I'm on xau/USD trade. The spreads are very high that I burned my $300 account.

Ricardo III 18 january, 2021 reply

Sorry to hear that. Please be noted that trading is related to risk.We obviously have no interest in making you lose your money. Please note that the spread value depends on market volatility. It can be wider during economic news releases or when there is low liquidity in the market. You can find the average spread on our website FBS.Com
may we suggest that you make use of the training videos, ebooks on the web to learn more about trading. We also provide regular webinars that can be very helpful.
Please contact us via live chat or support@fbs.Com for more details.

FBS 20 january, 2021

I'm on the FBS for some time now - lost more that I gained, but that is just the way I was trading. The only part I've got a problem with right now is the debit/credit deposit/withdrawal issue. At the moment ony way to deposit from a CC is through perfect money or bitcoin - which is just not working for me. I do understand regulations and all but this issue is almost 2 months old and still no resolution for it.

Aljosa 14 january, 2021 reply

Unfortunately you didn't leave any details so its hard to take a look what options are available for you.
Please be informed that different countries have different options of payment systems.
At the moment we are trying to add as many other convenient payment systems as possible but of course it might take some time.
In case you would like to see some payment systems, we would highly appreciate if you send your feedback to our e-mail support@fbs.Com.

FBS 20 january, 2021

I need more details on the level up program for FBS.

Sahl 9 january, 2021 reply

Dear sahl, please find information on our website https://fbs.Com/promo/levelupbonus. For more details you can also contact us via email support@fbs.Com

FBS 14 january, 2021

I'm a trader and decided to try the level up promotion and not only are their regulations bad by forcing people to trade but FBS also manipulates price to hit your SL if you are in profit. I have screenshots on my phone of the real chart on trading view vs the chart on FBS MT5 screen. Anybody who wants to use this broker should think twice. Like they say anybody who wishes to help you for no reason has hidden intentions.

Emmanuel 1 january, 2021 reply

I am a newbie, please give me details of FBS copy trading platform.

Muhammad 10 december, 2020 reply

FBS is a scam broker. I can prove it. I am watching market in monday morning because friday night open sell option on gold I am try to close trade but unable. I contact support and asking that gold trade not close and asking working on that some issue find fbs side. I note market crash after some my trade closing live just open ticket. You can refund it?

Umer 7 december, 2020 reply

Dear sir! We bring our sincere apologies for this situation. Please, kindly contact us via support@fbs.Com and provide the details of your account, so we could check the situation and help you.

FBS 23 december, 2020

I am a bit confused, I really wanted to understand that if I succeed with the trade 100 account, the profit will be automatically transferred to my trading account, that's understood, but do i have to deposit again to be able to trade and withdraw my profit?

Adamu ibrahim 7 december, 2020 reply

Hello, sir!
No, no additional deposit is needed with trade 100 bonus. All you need to do is fulfill the conditions and get 100$ profit.
You can check the full list of terms and conditions in your personal area (https://fbs.Com/cabinet/promotions/trade100).

FBS 23 december, 2020

Can advise me once I trade will I be getting the money I trade with plus my profit?

Sue 2 december, 2020 reply

Thank you for contacting us! Yes everything that you deposit and plus your profit belong to you. You can withdraw your funds in any moment without any restrictions.

FBS 7 december, 2020

I just want to know two things: 1. How do I get my profits when trading with the $100 trading bonus. 2. I am a namibian trader and want to find out if FBS allows banking deposit/withdrawal with nedbank.

Chester 2 december, 2020 reply

Thank you for contacting us! For trade $100 bonus, if you have met all the conditions, your $100 profit will be automatically transferred to your trading account. Please, kindly make sure that you have read the promotion conditions which you can find on the bonus page in your personal area. Unfortunately, we don't work with nedbank, but the list of available payment systems, you can find within your personal area menu withdrawal.

FBS 7 december, 2020

I deposited with a master card and tried withdrawing first to know how quick is that but still yet to receive since 4hours late. But my question is that if I deposited with bitcoin after my first transaction with card can I still withdraw with bitcoin? Trying to avoid expiring or blockage of my card in the future.

Adepoju adewale 25 november, 2020 reply

Please be informed that withdrawal with card takes from 5 days about. We would like to draw your attention that with bitcoin you can only make deposits, unfortunately you can't withdraw to bitcoin. To know more information please contact us via live chat or messengers on FBS.Com

FBS 1 december, 2020

I am actually having a very terrible experience with FBS. I initiated a withdrawal and I was asked to present the detail of a card that I had blocked when I lost it, whereas a new card which was issued as a replacement for the lost card which is linked to the same account from the same bank which I had used for both deposit and withdrawal was rejected. And there is no other means of making withdrawal from my account. This is quite unfortunate.

Olatubo adebayo 24 november, 2020 reply

Did you finally got helped withdrawing later on?

Adepoju adewale 25 november, 2020

So, did you later got a withdrawal?

Wilson 10 january, 2021

For me personally. FBS promises, all problems can be resolved quickly, with an easy deposit without taking a long time. And the telegram service at FBS allows me to have discussions with other traders. I am happy to join the FBS broker

Mustopa 23 november, 2020 reply

I have a cent account here. But I never got any profit. I lost 30k INR in 6 months. Is it possible to earn money in forex trading?

Satyalakshmi 21 november, 2020 reply

Sorry to hear that. We obviously have no interest in making you lose your money. You need a bit stronger theoretical bases like: learn more about money management, risk management, and try new strategies. May we suggest that you make use at the training videos, ebooks on the web: fbs.Com, we also provide regular webinars that can be very helpful.

FBS 23 november, 2020

FBS is a broker that offers a chance to grow up as a professional broker. Pro trader is a status that grants you a right to set your own commission rates. With this, you can trade and attract investors more stractigically.

Chris 16 november, 2020 reply

FBS copystar is the a interesting contest for traders. It intantion is help us to attract more copiers and win brand-new devices by apple. Moreover, all the winners get a PRO status that allows the traders to set a commission they see fit. I think it's really interesting.

Vladistag rojas 15 november, 2020 reply

FBS league provides attractive prizes for me to trade with demo accounts only without withdrawing capital for deposits, while honing my trading skills my demo account has a chance to win cash prizes.

Hairul 14 november, 2020 reply

I opened an account with FBS more than a year ago and till now everything is going fine. The errors are mine. But, seriously, FBS is the only broker I know that offers a promo contest with real money prizes in a demo account. It is a game they named FBS league and, yes, real money in a demo account contest. Just check for yourself.

Francisco jorge 9 november, 2020 reply

The FBS copytrade application really has two great advantages: it's really comfortable if your intention is to operate with your mobile device and it is additionally a vital tool if you want to start in the world of trading without experience, by allowing you to copy the trader you like the most, with what you could even learn too. It seems to me a great bet of said platform.

Vladimir rojas 9 november, 2020 reply

If I deposit $25 and make a profit of $50, will I be able to withdraw all of money from FBS, or I can only withdraw profits?

Abolokeng pitse 8 november, 2020 reply

I love promos from this broker, especially dreams come true program. They helped a lot of people around the world fulfill the meaningful wishes.

Nick dinh 8 november, 2020 reply

I think one of the greatest features of FBS is their admin app FBS trader that allows me to trade mobile, anywhere, anytime. It is very well designed and responsive. This gives me some sense of safety while operating mobile. I like and recommend their app.

Francisco jorge 2 november, 2020 reply

If I make profit from free bonus I can easily withdraw my profit without depositing any money into the account?

Elliot 28 october, 2020 reply

Withdrawal very bad service.

Jukiy 26 october, 2020 reply

FBS is a reliable and trusted forex broker for me since 2009. I like their FBS trader, not only help me manage, trade and others activities when I mobile but also they provide quick start bonus for use it. Quick start bonus give us $100 to explore FBS trade and we can learn and get free money with that promo.

Sunny 21 october, 2020 reply

I appreciated most of the offers given by this broker and i learned a lot during my practice. Am from philippines, i saw some local banks listed from our country in my personal area, am ready to epen live account and deposit fund. However before doing so, my question is, is this local bank listed ready for online banking in terms of deposit and withdrawal if ever there is a profit?

Foxer 21 october, 2020 reply

The most difficut broker I have encountered so far to withdraw money, as though I am begging to withdraw my own money, to deposit it is so easy, they don't for any verification, but to withdraw, they give a lot of conditions, some of which are just nonsense.

Qawi 20 october, 2020 reply

Unfortunately you didn't leave any information about your account so we could check. Please, note that withdrawal process and time mostly depends on the payment system you choose, but all withdrawals are processed manually for security reasons. After being accepted by FBS, it's further processed by the payment system. If withdrawal takes more than average, please, contact us via live chat or messengers we will be happy to help.

FBS 23 october, 2020

@qawi, did you get your money in the end? Because im about to deposit them the money just to get my own money. It doesn't make sense at all. Like why should we pay to get our own money?

Daniel 27 october, 2020

I can't log in on my mt5, I have made a deposit but cannot trade.

Karabo 14 october, 2020 reply

It seems you're entering an invalid password. Type it manually or copy-paste without any extra symbols, or try to recover it.

You can recover/access your trading password and details in your personal area.

1. Log in to your personal area: my.Fbs.Com
2. Click on the account number.
3. You will be able to see the "generate new MT5 password " question http://prntscr.Com/v4hpsw
4. Please, click on "create new" next to it.

After that, the new trading password will be generated for you and all the necessary information to log in provided

FBS 23 october, 2020

Taking part in a webinar from FBS allows me to get trading lessons for free. This really helps me to get the basics of forex properly. So that I can immediately start trading well. I hope the webinars on fbs will continue to go on to help newbies like me.

Yura 12 october, 2020 reply

It is so easy to deposit funds but its harder to withdraw funds. I just want a simple bank wire. Not all that skrill and mettler. Why is it not possible to receive funds the same way I deposit?

We make withdrawal for clients as fast and simple as possible: our financial dep. Is working 24/5, you can see the status of your withdrawal in transaction history. For security reasons withdrawals are processed manually by our financial dep. - usually it takes 10-15 min, in some cases this time may be increased. Unfortunately you can't withdraw with card, with card you can only make deposits and return them back. To withdraw profit you can use local banks, E-wallets, exchangers. At the moment we are trying to add as many other convenient payment systems as possible. For more questions, please, contact us in chat or via support@fbs.Com.

FBS 14 october, 2020

At times forex newbies get lost facing myriads of offers from various brokers, with only prime and positive information and prognoses bunched up on their sites. How to choose a broker that won't snatch all your hope away? Communicating with more experienced currency traders and reading reviews about forex brokers will help you gain insight into the subject and to understand how much trust this or that broker deserves.

FBS section is dedicated to the comments and reviews of the traders who either currently trade with this broker, or have had such an experience in the past, or are about to open a trading account with the broker soon.

Positive estimates about the broker do not give an absolute guarantee of successful trading with them; at the same time, negative statements do not necessarily mean that you are to remain in discontent after you become their client.

Each trader eventually has to make an individual decision, whereas other clients' reviews just help to get an overall picture. Judgments on FBS can be favorable or opposed to the company, they comprise various issues related to trading operations or customer services; only the authors of these reviews are responsible for what they write about and in which manner they do it.

It has to be clearly understood that comments and reviews reflect only the subjective opinions of their authors. However, in any case forex beginners should pay proper attention to the views and evaluations of their 'cunning fellows' and to be very careful in choosing a broker.

FBS is a reliable forex broker trusted by millions of traders around the world. The company has been in business since 2009 and now is present in over 190 countries. FBS is regulated be IFSC, cysec. Besides currency pairs FBS offers trading gold, silver, platinum, palladium, BRN, DAX30.

So, let's see, what we have: find out if FBS is A scam or not by checking out this review. By the time you're done reading you'll know the answer and A lot more about forex at is fbs copy trade legit