Is FBS Copy Trade Legit? FBS Copy Trading System Review - DigiTech Trading
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Is FBS Copy Trade Legit? FBS Copy Trading System Review

FBS was founded as an international broker serving clients from more than 150 countries since 2009 demonstrating its excellence with various prestigious awards and cutting-edge technology in the Forex Market. While at first the broker was only established in Belize, lately, FBS has also become a Cyprus Broker. It definitely helps and supports the expansion of its services to the European population for both novice and professional traders.

Regulated, regulated by European statutory environment brings greater capabilities to brokers with useful tools and full authorized trading services, which drives the development of even better FBS. Further in our FBS review, we will discuss the conditions of its trade proposals and see if they are competitive.

Advantages and Disadvantages of FBS

FBS operates for many years and provides a stable trading environment, there are good trading conditions including copy trading on MetaTrader4 and 5, spreads are considered low based on our research as well as extensive education section.

On the downside, trading instruments are limited to Forex and CFDs and trading conditions vary by entity, we recommend signing with a European entity for greater transparency.

Award

Over the years of its successful operation, FBS received more than 60 international awards recognizing them as a Transparent Broker with the Best Customer Service, which are actually some of the most appreciated Brands worldwide.

Is FBS safe or a scam

No, FBS is not a scam, FBS is a brand name used by Tradestone Limited, which is a Cyprus registered company, an EU regulated investment company and MiFID registered with CySEC.

Additional entities of FBS are located in the Marshall Islands and Belize, which are offshore zones that do not really attest to their reliable status on their own. Belize's local regulator International Financial Services Commission or IFSC primarily only registers companies rather than regulates them.

However, along with regulation from CySEC Europe, FBS makes FBS a broker that complies with regulatory requirements and therefore offers reliable trading conditions.

How are you protected?

Indeed, trading with a regulated broker that adheres to strict standards is the first and important step before you enter into any trading company. In this case, FBS with obtained license and compliance with MiFID directives, there are strict rules on money protection while FBS keeps merchant funds in segregated accounts, so that they cannot be reached for the use of other companies, as well as increasing the ability y Negative Balance protection.

In addition, being a Cyprus Investment Company FBS comes under the Compensation Scheme, which protects the client's investment in case of a broker bankruptcy issue.

Therefore and due to the compliance of the obtained license to the MiFID directive, there are strict rules against money protection while FBS keeps merchant funds in segregated accounts, making them unreachable for the use of other companies, as well as enhancing y Negative Balance protection capabilities. In addition, being a Cyprus Investment Company FBS comes under the Compensation Scheme, which protects the client's investment in case of a broker bankruptcy issue.