FBS social trading: How to copy other traders – Review & tutorial

FBS copy trading is an effective and easiest way to access the competitive financial markets. It allows the users to copy the positions of professional traders to make a profit. Also known as social trading, by this trading, you can copy as well as execute different trading strategies of your peers. Well, there are some people who prefer to follow their own technical analysis for trading; some traders prefer to study and copy the trading patterns of others. While doing this, you can also interact with other traders and can understand their trading process. If you are looking for the best broker to begin your social trading journey, then you can always opt for FBS copy trading. Keep reading to explore more about this and understand how to copy trade with FBS. 

The rise of copy or social trading

In general, there are two types of traders. One who participates in different trade seminars tries out different strategies and enjoys attractive commissions or fees. Another group is those who want to make money through little effort, and copy trading was created for these types of traders. However, nowadays, both professional and new traders are doing copy trading.  Most traders trust this and have a feeling that they are trading along with others. FBS provides some of the most popular copy trading signal providers. Different studies have proved that more than 25 percent of new traders with less than a year of experience think forex trading is very complicated. And copy trading is one of the effective approaches for them. On the other hand, in 2020, the copy trading method managed to generate more than USD 50 billion in revenue. By the year 2025, it is projected to cross USD 80 million. So, this is the best time to get into FBS copy trading.

What is social trading with FBS?

Apart from regular trading facilities, FBS also offers copy trading or social trading options, and for this, the broker has introduced a separate app. FBS’s copy trading is quite popular among the traders and also has received the “Best Social Trading Application in the Middle East” by the Global Banking & Finance Review.

Besides, in 2020, the app managed to corner the “Best Application for Copy Trading” award by Capital Finance International Journal. The app comes with all the required features and tools to help the traders enjoy a smooth copy trading experience. 

Launched in 2018 till now, the app has more than 6 million traders. With this, less experienced traders have managed to increase their capital just by copying the trading methods of successful traders. 

Make profits just by copying other traders

With FBS Copy Trade, you will get an opportunity to join a team of smart traders. You can follow the trading strategies created by top market signal providers and copy them to make money. When they make a profit, you will enjoy a profit too. 

The platform is created to introduce new traders to the global financial market, and you will learn how to manage all your investments properly. Through FBS Copy Trading, you can: 

• Copy the best and successful traders and trade as well as earn like a pro.
• Trade along with the best traders while following in their footsteps.
• You will get detailed information about the traders. 
• You can browse the list of the best traders, view tier statistics, and choose the right ones for you. 

Copy trading has never been easier

Some of the major reasons behind this are: 

• Through copy trading, you can begin trading without any market and financial knowledge. 
• While dealing with your work, you can earn money. 
• Enjoy investing with just a few clicks. 
• Different payment systems to make hassle-free deposits and withdrawals. 

Get paid by sharing your skills

After developing sufficient skills, you can also become a professional trader in FBS to be followed. You can share your account from your Personal Area. Other investors will start following and copying your orders, and you will get a commission for that. 

Things to know before starting copy trading

Remember that copy trading is not perfect for all. Even though anyone can use it, you will still need sufficient market knowledge to make a successful negotiation. 

People think this method can eliminate the risks. But all types of trading have risks, and traders that you are following can also make a loss. So, always choose a trader after carefully analyzing the profiles. 

When doing copy trading, you are using another trader’s trading strategy. But your strategy should be unique to your aims. So, prefer to use the strategies of other players as guidance for your trading. 

And always choose a reliable broker to enjoy safe copy trading. And the FBS copy trading platform can be a good option for you. 

How to begin with copy trading on FBS?

There are different ways of doing copy trading or social trading. For instance, if you want, you can copy all the available transactions, like stop-loss orders, take-profit, or trade-entry. On the other hand, you can receive a notification from the traders and then manually copy the transactions. 

However, here are some easy steps that you can follow to get started with FBS copy trading. 

• First of all, you need to download the copy trading app from the Apple App Store or Google Play Store.
• Install the app and sign into that. 
• Now, you can go to the list of trading strategy providers. Click on the Trader List option that you can find in the application’s lower menu.
• You will see a list of traders with their return rate, statistics, number of subscribers, risk level, and more. 
• Choose one trader or multiple traders based on their performance, and you can start copying the traders. 
• You can see a Copy and Risk-Free option on the screen. If you select the Risk-Free option, then FBS would return the potential loss amount. 
• Once you click on the Copy option, the broker will ask you to set a parameter for copy trading. Here you need to choose the amount you want to use for copy trading. Besides, you will also have to set Stop Loss and commission. Then, click on the Start Copying option to begin the process. 

Top 4 traders that you can copy at FBS

#1 CH LEGENDA Fx

The trader has offered a 16.94 percent return record in 12 months and has 64 copiers. Besides, the activity percentage, i.e., 99.86 percent, is also quite impressive. 

#2 Stable daily profits without loss

With a 125.43 percent yearly return, this copy trader has 49 copiers and enjoys 94.72 percent of activity. 

#3 Oliver pineda

With a 99.97 percent of activity rate, this trader is quite active in FBS. He has a total of 66 copiers, and within the last 12 months, he has recorded a 226.16 percent return. 

#4 New life FX

Another popular copy trader to follow on FBS is New Life FX. The activity rate of this trader is 99.71 percent, and he has managed to attract 123 copiers. Well, the trader provides 468.65 percent of the yearly return. 

Some major advantages of doing copy trading

You will be able to learn from the best traders

Whether you are a veteran or beginner, by copy trading, you will get an opportunity to learn from different professional traders. 

Considering the copy trading’ nature, you can’t ignore the educational experience you can enjoy by using this platform when the right approach is followed. 

When you observe the working procedures of professional traders, you will learn how to identify the right time to initiate an operation on different assets or commodities. Well, this is something very useful, as it allows the less-experienced traders to learn trading outside of their demo trading account. 

A convenient way for new traders

As you don’t require global knowledge of the principles as well as nuances related to markets, copy trading can be a good option. You can develop your knowledge with lower risk. Otherwise, you may face bankruptcy or bead deals. 

The risk is low

Social trading is proved to be less risky than traditional trading. This is an effective way to increase your profits, and you can learn more about the ways to succeed. Within a few months, you can be a successful trader, and new traders will start following you. 

Social trading will also allow the traders to have control over the losses. For example, if the selected traders don’t meet your expectation, then you can opt for another copy trader. 

Easy access to statistics

When it comes to making a trade successful, the availability of data or statistics plays a great role. Besides, this element can also lead to better risk management. While using FBS, you will get access to real-time data and updated statistics. 

As a result, you can analyze the features and past performance of the traders before copying their methods. 

You will save time

This is a major benefit of doing copy trading. The users here don’t need to work as a trader. In general, the signal providers will create successful signals that will be replicated for the traders or followers. 

So, once you are done with creating your profile and choosing the best traders, you don’t have to constantly follow the graphs. Besides, FBS also offers automated tools that you can use to automate the process to save your time. 

With this, you can easily concentrate on your other work as the signal providers will invest in you. 

Some disadvantages of doing copy trading

There is no doubt that FBS Copy Trading has some crucial advantages, and you may find it as the best trading solution for beginners. However, before starting to use it, you should also understand the disadvantages of this trading.  

• Sometimes, in this form of trading, professional traders can make mistakes. So, if not carried out properly, copy trading can lead to a huge loss. Keep this in your mind. 
• If you are doing manual copy trading, then you will have to make sure that you have constant access to the exchange. Even though you are using automated tools, you also have to keep an eye on the network. 
• Professional traders may ask for a commission in exchange for their services. So, you need to earn more profit to cover up the cost, or else your profit will become smaller. 

Before getting into copy trading, it is advisable to understand the pros and cons of this. Then think:

• Whether the FBS copy trading will meet the expectations? 
• Is this method suitable for you based on your trading knowledge? 

If you are confident about this, then download the app and initiate your first copy trade now. 

FBS offers unique and advanced copy trading platforms

By opting for FBS Copy Trading, you can enjoy three different types of trading functionalities. These are Manual, Semi-Automated, and Fully Automated.  

As a leading forex and CFDs trading broker, FBS provides its users with the best MT4 and MT5 platforms that can be directly accessed on your mobile or tablet. So, you can copy trade wherever and whenever you want.  

The modern technology of MT combined with FBS professional social trading services offer a better user experience to all. 

Manual trading

It is just like your normal trading, and here you can decide who you want to follow and which copy traders to copy. Some people call this social trading. 

Semi-automate

This will allow you to check the selected trader’s position, and then you can choose which to copy. You can also choose a trader to follow automatically. Well, you can still control the activities. 

Automated

Automated copy trading is a complete package offered by FBS. Here, you need to choose the strategies and traders considering your risk profile. The trading and positions will be automatically replicated. 

Conclusion

Social trading or copy trading was first introduced during the 2000s. Initially, this trading was used to mimic successful trading strategies, especially forex trading strategies. However, with time, traders have started using it for different trades across various assets. This has made social trading for commodities, indices, and shares more popular. 

It can be said that FBS copy trading is new as it was launched in the year 2018. That’s why the audience is small, and you may get around 500 to 600 strategy providers. Besides, there are only two managers with above 1000 subscribers. 

The facility is only available on smartphones, and both Android and iOS users can use the app for copy trading. It is very simple to use and comes with some unique features and tools to make the process easier for you. 

If you don’t know much about trading and have just started exploring the market, then it is advisable to go for FBS Copy Trading, and while making a decent profit, you will be able to enhance your trading skills. So, go on and give this a try. 

FAQ – The most asked questions about FBS social trading :

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Last Updated on January 27, 2023 by Arkady Müller