are forex traders on instagram legit for 2025

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Are Forex traders on Instagram legit Guide

Analysis by Andrew Blumer, Updated Last updated - January 15, 2025

Are Forex Traders on Instagram Legit?

With the rise of social media, especially platforms like Instagram, Forex trading has become a popular topic among young people and aspiring investors. Scrolling through your feed, you may often come across influencers or traders flaunting their success displaying pictures of luxury cars, private jets, expensive watches, and even multimillion-dollar homes. These traders claim that their success in the foreign exchange (Forex) market has enabled them to live such lavish lifestyles, and they invite others to join them by following their trading strategies or buying their 'exclusive' guides.

But how do you know if these Instagram Forex traders are truly successful, or if they are just using flashy visuals and bold claims to lure followers into potentially harmful scams? Are these traders actually making money, or is their wealth just a facade designed to sell courses and trading signals?

While there are certainly legitimate Forex traders on Instagram who share valuable insights and tips, the platform is also rife with scams and self-proclaimed experts who are more focused on making money from their followers than genuinely helping them achieve success in Forex trading. In this article, we'll explore the truth behind the Instagram Forex trading craze, how to identify the signs of a scam, and what steps you can take to protect yourself from falling victim to fraudulent traders.

Be Wary of Everything You See On Instagram

Instagram Forex scams

Its important to remember that not everything you see on Instagram is true. While some traders may be genuinely successful, many self-proclaimed Forex experts use the platform to exploit followers for their own gain. These traders often prey on younger audiences who may be looking for ways to make money quickly. They show off their flashy lifestyles and luxury cars, celebrity friendships, and exotic holidays with cliams that these successes are the result of their trading prowess.

In reality, these Instagram traders may not be as successful as they appear. They promise that their followers can achieve similar results by following their 'proven' strategies and tutorials. However, there is often a catch while the promises of free guides or tips may seem enticing, these offerings are usually designed to lead followers into paying for expensive courses, trading signals, or even joining 'exclusive' investment groups.

Always approach such claims with skepticism. Success in Forex trading requires skill, experience, and risk management not just following a series of tips from an Instagram post. There are no shortcuts to becoming a profitable trader.

Example Of A Real Forex Scam

In a notable case of Forex trading fraud on Instagram, a 19-year-old named Max Greenhalgh from Chorley, Lancashire, was deceived by a scammer who exploited his vulnerability following his father's death.

The fraudster posed as a mentor and friend, promising high returns through Forex trading. Over two weeks, Max invested GBP 4,750 into what he believed was a legitimate trading account, only to discover it was a fake set up by the scammer.

The fraudster's confession via text devastated Max, leaving him embarrassed and financially drained. Max is now working with Richardson Hartley Law to recover his lost funds, highlighting the cruel nature of scams that exploit people's most vulnerable moments.

This incident underscores the importance of vigilance when engaging with financial opportunities on social media platforms. Users should be cautious of unsolicited offers, thoroughly research any investment opportunities, and verify the credentials of individuals offering financial advice. Reporting suspicious activities to authorities can help prevent others from falling victim to similar scams.

Read More About the Scam

Signs of Instagram Forex Scams

One of the red flags of a potential Forex scam on Instagram is the high initial investment that some traders ask for in exchange for their guides, signals, or trading strategies. For example, a scammer might claim you can start with an initial investment of GBP 500 in the UK, EUR 600 in Europe, or AUD 900 in Australia and quickly turn it into GBP 5,000, EUR 6,000, or AUD 9,000. They may promise that this only requires 10 minutes of effort a day. However, in reality, successful trading requires more than just a small investment, it takes time, effort, and careful analysis.

Many Instagram Forex traders fail to provide any verifiable credentials or proof of their expertise. If you ask for their qualifications or professional accreditation, they may ignore your requests or avoid giving you a direct answer. For instance, some may claim to be affiliated with regulated institutions like the FCA in the UK or ASIC in Australia, but attempts to verify their credentials may reveal no such ties exist.

Here are some key signs to look out for when trying to determine if an Instagram Forex trader is legitimate or a scam:

Examples of Losses

Scammers often promise unrealistic profits without warning you of the potential for losses. Here are examples of what could happen:

Always be cautious when dealing with promises of quick returns on Instagram. Verify credentials, ensure the platform is regulated, and avoid making any investments without proper research.

How to Check if Something is a Scam

If you're ever in doubt about the legitimacy of a Forex trader or investment opportunity promoted on Instagram, its best to do your due diligence. Contact the official brokerages or financial institutions that the trader claims to be affiliated with. Reputable institutions will be happy to verify whether the person you're dealing with is truly associated with them.

In addition, always check for the official registration of financial professionals before taking financial advice. In most countries, only licensed or registered financial advisors are legally permitted to offer investment advice. If someone is offering such services without proper registration, they may be operating illegally.

Another important point to remember is that while some unauthorized Forex traders may offer legitimate services, they often fail to disclose the risks involved in trading. Forex trading is inherently risky, and anyone claiming to offer 'guaranteed' returns is likely being dishonest. If you lose money or face difficulties with unauthorized traders, its always a better idea to consult an expert from a regulated financial institution to guide you through the process.

Instagram Forex scam

Types of Forex Scams on Instagram

Forex trading scams on Instagram are becoming increasingly sophisticated, and they often involve luring followers with promises of quick wealth, exclusive trading strategies, or guaranteed returns. Scammers use various tactics to manipulate potential victims into paying for fake services or engaging in risky activities that benefit the fraudsters. Below, we'll explore some of the most common types of Forex scams on Instagram and provide examples of what scammers might ask you to do.

1. Fake 'Get-Rich-Quick' Promises

One prevalent Forex scam on Instagram involves promises of substantial profits with minimal effort. Scammers showcase luxurious lifestyles, claiming that their trading strategies can generate significant earnings quickly. However, successful Forex trading requires a deep understanding of markets, strategies, and risk management elements often absent in these 'get-rich-quick' schemes.

What scammers might ask you to do:
- Purchase a 'secret' trading strategy or guide for substantial amounts, promising rapid success.
- Enroll in a 'free' Forex course that ultimately pitches expensive services or trading signals.

Example: In 2019, UK Instagram users were defrauded of over GBP 3 million in five months through fraudulent investment schemes promising high returns within 24 hours after an initial GBP 600 investment. Read more here.

2. Fake Trading Signals and Copy Trading Scams

Scammers offer 'trading signals' or promote 'copy trading' services, claiming these will lead to profitable trades without personal research. Often, these signals are unverified or fabricated, resulting in significant losses for those who follow them.

What scammers might ask you to do:
- Pay subscription fees for 'exclusive' trading signals or access to a copy trading platform.
- Share brokerage account information, allowing them to trade on your behalf, which can lead to fund theft.

Example: In 2020, Gurvin Singh used Instagram to promote a fraudulent Forex investment scheme, leading to substantial losses for investors. Read more here.

3. Investment Group Scams

Some scammers claim to operate exclusive investment groups or 'VIP trading rooms,' offering profitable strategies and personalized support for a fee. After payment, victims often receive little to no valuable information, and the scammers may disappear.

What scammers might ask you to do:
- Pay to join a 'VIP' trading group or 'elite' trading community.
- Invest in 'personalized' mentorship or coaching that provides minimal value or nothing at all.

Example: In 2024, UK regulators charged former reality TV stars for promoting high-risk Forex schemes on Instagram, leading to significant financial losses for participants. Read more here.

4. Account Management Scams

Fraudsters offer to manage your Forex trading account for a fee or profit percentage, claiming to have insider knowledge or guaranteed strategies. They may drain your funds and disappear, especially if given access to your trading account or login information.

What scammers might ask you to do:
- Share brokerage login credentials so they can 'trade for you.'
- Deposit funds into a fraudulent or unauthorized trading account with promises of high returns.

Example: In 2021, a UK individual lost life savings after trusting an Instagram Forex trader who promised high returns but disappeared after draining the victim's funds. Read more here.

5. Phishing and Identity Theft Scams

Scammers impersonate legitimate Forex traders or brokers, sending fake emails or direct messages on Instagram to steal personal information. They direct victims to counterfeit websites resembling real trading platforms to capture login credentials and personal data, leading to unauthorized trades, fund withdrawals, or identity theft.

What scammers might ask you to do:
- Click on links to fake login pages and enter credentials.
- Provide personal details like ID or financial information to 'verify your account.'

Example: In 2024, Meta removed approximately 63,000 Instagram accounts in Nigeria involved in 'sextortion' scams targeting users, highlighting the prevalence of such fraudulent activities on the platform. Read more here.

How to Protect Yourself from Forex Scams on Instagram

To avoid falling victim to these scams, always be cautious of anyone making extravagant claims about easy money or offering services without proper credentials. Here are some important tips to protect yourself:

Remember, legitimate Forex traders and brokers will never promise guaranteed returns or ask for personal information in unsafe ways. Always stay vigilant, and trust your instincts when something seems too good to be true.

Scam protection

Examples of Losses from Forex Scams

Understanding the risks and real-world examples of Forex scams can help you identify warning signs. Here are some examples:

How to Choose a Legitimate Forex Broker

When it comes to Forex trading, selecting a trustworthy broker is crucial for ensuring your trades are secure and that you have access to reliable tools and resources. The Forex market is vast, and while many brokers advertise their services online, including on platforms like Instagram, not all of them are legitimate. Its essential to know how to differentiate between trustworthy brokers and potentially fraudulent ones to protect your funds and ensure a smooth trading experience.

One of the first things to check when choosing a Forex broker is whether they are regulated by a recognized financial authority. Regulation is a key indicator of a brokers legitimacy, as it ensures they adhere to strict rules designed to protect consumers and maintain market integrity. Trusted regulatory bodies include the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) in Europe. These regulators require brokers to maintain a high level of transparency and to keep clients funds in segregated accounts, separate from the companys own funds. If a broker is not regulated, or if they are vague about their regulatory status, this should raise a red flag.

In addition to regulation, it is important to assess a brokers reputation and user feedback. Before committing to any broker, take the time to research their track record and gather feedback from other traders. For instance, if a broker consistently receives complaints about high spreads (e.g., 3 pips on EUR/USD versus the industry average of 0.5 pip) or delays in processing withdrawals, it is better to avoid them. Independent reviews from credible sources, such as Forex forums and third-party websites, can help you make an informed decision.

Instagram Forex Traders Verdict

While some Forex traders on Instagram may be legitimate, the majority of them fall into the category of self-promoters who are more interested in gaining followers and selling products than actually helping people succeed in Forex trading. Always approach these traders with caution, and never invest in any program without thoroughly verifying its legitimacy.

Remember, there are no shortcuts to wealth especially in the high-risk world of Forex trading. Success requires education, careful planning, and a commitment to learning the ins and outs of the market. If you're serious about trading, make sure you're working with certified professionals and always be cautious of flashy promises of quick riches.

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Selecting a reliable and reputable online Are Forex Traders On Instagram Legit Trading Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Are Forex Traders On Instagram Legit Trading Platforms more confidently.

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Top 15 Are Forex Traders On Instagram Legit Trading Platforms of 2025 compared

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Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
Regulation Seychelles Financial Services Authority (FSA) (SD018) RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)
Min Deposit 200 10 50 No minimum deposit 5 No minimum deposit 100 100 25 No minimum deposit 100
Funding
  • Bank transfer
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Used By 200,000+ 730,000+ 35,000,000+ 1,000,000+ 10,000,000+ 400,000+ 400,000+ 200,000+ 250,000+ 60,000+ 7,800,000+
Benefits
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  • Low min deposit
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  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
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  • Low min deposit
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  • Allows scalping
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Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


All Are Forex Traders On Instagram Legit Trading Platforms in more detail

You can compare Are Forex Traders On Instagram Legit Trading Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Are Forex Traders On Instagram Legit Trading Platforms for 2025 article further below. You can see it now by clicking here

We have listed top Are Forex Traders On Instagram Legit Trading Platforms below.

Are Forex traders on Instagram legit List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 200000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Seychelles Financial Services Authority (FSA) (SD018)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 730000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 35000000+ traders. 51% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd
Pepperstone
(4/5)
Min deposit : 0
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 7800000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)

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Losses can exceed deposits
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Losses can exceed deposits