Many Forex traders who wish to trade copy on FBS struggle with account opening. Our FBS Review gives more insight about this broker and why knowing how to open an account on the platform isn’t a bad idea.
Before you proceed with opening an FBS copy trade account, note that the account is strictly for copy traders. If you want other traders to copy you, you can proceed to the next section. You should also know that the account isn’t available for European traders.
Now, let’s cut to the chase.
FBS Copy Trade App: Account Opening Tutorial
This is a step-by-step guide to opening an FBS Copy Trade App:
Go to FBS Website
The first step is always to visit the FBS website (74-89% of retail CFD accounts lose money). The website is as shown below:
Go to the FBS Copy Trade Page
From the Home page, click “Trading”. Then, select “Copy Trade for Investors”.
Download the FBS Copy Trade App
Select the appropriate Operating System for your device.
Provide the basic information required by FBS.
Choose your preferred registration method from the available options which are Facebook, Mail, and Google. FBS will automatically generate your login details which is a combination of your username and password.
If you see the need to, you can edit some of the personal information such as your name, password, or country. They will also require you to register a 4-digit Personal Identification Number (PIN).
Log into the FBS App
After providing the necessary information, log into your FBS account with the password that the broker provided for you during the registration. Insert the 4-digit PIN into the appropriate place as well.
Deposit the Minimum Amount Needed
FBS doesn’t offer a demo account for Copy Trade. Simply deposit the minimum amount of $100 or its equivalent via any of the supported methods.
|FBS Copy Trade Deposit Methods
||Up to 3 h
|Crypto (BTC, USDT, ETH, LTC, BCH)
||Up to 24 h
How does the FBS Copy Trade App Work?
On the app, you can copy other traders, interact with them, and earn money along the line. Browse top traders and see their individual statistics.
Note that you can be a dual account holder because you can hold a copy trading account and a normal FBS trading account simultaneously.
When you’re confident enough, you can switch to an FBS Copy Trade Account for Traders so that other traders can copy you as well.
FBS Copy Trading App Layout Explained
The app has 5 main sections from left to right.
- Investments:This is where you can deposit money and see how the traders you’ve copied so far are doing.
- Traders’ List: This section is full of traders. You can filter them and see the best ones. Alternatively, choose the traders suggested by FBS itself.
- Finances: If you wish to see the account’s transactions history as well as the withdrawals and deposits made, check the Finances section. You can withdraw your money from the section too.
- Promo: From this section, you can see and activate the available bonuses on FBS. Before applying for a bonus, though, read the Terms and Conditions.
- More: In this section are Platform Tutorial, Customer Support, and Account Management.
FBS Copy Trade: How to be Copied and Earn Commissions
The process of earning a commission while being copied is simple. To start the process, visit the FBS website and open an FBS Standard of FBS Micro Account.
Once you are done creating the account, deposit a minimum of $100 and verify the trading account.
Go to the Personal Area and select the account you want to give access to other traders to copy. Click “Share to Copy Trade” so others can see it.
Some of the benefits of making your account copiable are:
- You will get a fixed 5% commission from all your closed trades.
- If you are a pro trader, you can choose your commission.
Tips for FBS Copy Trade Masters
The first thing is to fill your account’s bio. Make it clear and easy to follow to attract more traders.
Then, balance the risk of your portfolio. An account with a steady growth instead of peaks and potential high losses usually attract more traders and build trust.
And finally, try to copy other traders so you’ll have an idea of how the community reacts to certain trades and strategies.
FBS Copy Trade Final review: Is it worth it?
Copy Trade isn’t the FBS’ primary service. Although FBS offers good service, it isn’t among the best copy trading platforms.
It’s noteworthy that FBS is doing a good job. The app is easy to open and learning how it works is pretty cool as well.
Unlike their standard services where they offer a demo account to learn the ropes before trading on a Live Account with your money, FBS doesn’t offer demo trials on copy trading. More so, the deposit of $100 may be high for some traders.
The platform doesn’t offer a desktop version, only mobile is available. At present, FBS is a good platform for old FBS customers but new prospective may consider better alternatives.
FBS Copy Trade App FAQs
Here are some frequently asked questions about the FBS Copy Trade App:
What is the minimum deposit for the FBS copy trade?
The minimum deposit for a copy trading account is $100 or its equivalent.
Is the FBS Copy Trade App Good?
The app is well built and easy to open. You can learn how to use it pretty quickly. However, there are better alternatives.
If you want a comprehensive list of the best platforms to trade copy, read our Top 10 Best Copy Trading Brokers.
How Much do FBS Copy Traders Earn?
FBS traders can earn up to 5% for each closed trade. If they classify as PROs, they can set up their commissions.
While FBS is a great broker, it isn’t the best for the copy trade. You can consider other alternatives that offer better services and incentives.