We found 11 online brokers that are appropriate for Trading Forex Trading South Africa Instagram.
Social media platforms have had such huge impact in the South African Forex markets.
Instagram, for instance, has become a popular choice for Forex traders and enthusiasts.
It has now become usual to see self-proclaimed South African professional traders flex their luxury cars on Instagram and invite their followers to conduct the same thing.
Thanks to their posts, many beginners want to follow their path.
So, what makes the Forex trading in South Africa so popular on Instagram?
There are many reasons to see this phenomenon. But it can come down to the millenials and Generation Z users who actively use Instagram and other social networks.
The Instagram trend is quickly growing from year to year. Even boomers having embraced and gotten involved with trending social networks like instagram.
The other reason is the classic one.
As beginners, new traders want to learn everything about Forex before proceeding. It is always a great idea to follow experienced people to know more about how the Forex works and make money for them.
So, how do these "self-proclaimed" South African traders manage to influence their followers on Instagram?
Why are they using Instagram to gain exposure?
Originally, Instagram was only available for iPhone users. But then, it quickly gained a equally large audiences from Android users as well once the Android version was released.
Instagram is very easy to install and use. The users who have smartphones will be able to access it easily.
All users can take photos and edit them with a many of the free photo apps directly through their phone.
Some have been found to manipulate photos showing they are taking a picture in the front of a sports car that does not exist.
There is a chance that self-proclaimed Forex gurus use photo manipulation apps like Camera 360 which is able to fake photos with very little effort.
Instagram is one of the most popular social media networks available for newer generations of people growing up.
The easy user-interface and navigability are the most reasons why the users choose this over Facebook or Twitter. Instagram base activity is to show the photos.
Thats why self-proclaimed Forex traders pick this platform to flex their achievements and wealth.
It is easy to build a successful trader personality on Instagram and get many followers. The social community has been the next of the traders and people who have interests in the related topic.
If we are talking about Forex brokerages, we are also talking about their affiliate programs.
In some cases, some professional traders even make more money by relying on the affiliatie commission than they do on their market trades.
Thats why they aggressively market the brokerage with their referral links and invite as many people as they can to join with the same platform.
The Forex traders have been aware of the potential of Instagram as a free marketing tool.
Just like when conducting the other business, you will not want to trust 100%.
Not all that you see on Instagram is true. The Instagram community has been tarnished by scammers.
Although there are scammer you can still indeed find legitimate Forex traders on your favorite social media site.
They will share accurate and trustworthy information. The legitimate traders are usually vouched by the formal organizations. Or, if they are individual traders, you can easily see them in their office.
But what if you are overseas?
Your best chance is to find out if the brokerages that they offer are regulated by the official financial regulators in the country. Keep in mind that the regulators can be different from one country to another.
Not all Forex traders are legit on Instagram. The sad truth is that the number of scam artists are more frequent than legit ones.
Thats why you will need to be extra careful when running into them on Instagram.
Most of these Instagram accounts are made by amateur traders. They do not even know how the market works.
They mostly tell their followers that it is easy to make money in Forex trading and you will win everytime.
Therefore, they offer ebooks, paid videos, paid online courses, as well as signals.
It does not mean that using Instagram is bad for your Forex trading strategy.
If what they offer are trustworthy, reliable and regulated Forex brokerages, it means that they will not necessarily scam you.
You have to understand that your investing is your responsiblity. When you see the Forex offers on Instagram, you will want to cross-check the information with the particular company and check their regulation and details.
Then you can verify the information on your own before making a decision.
We have conducted extensive research and analysis on over multiple data points on Forex Trading South Africa Instagram to present you with a comprehensive guide that can help you find the most suitable Forex Trading South Africa Instagram. Below we shortlist what we think are the best forex trading south africa instagram after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Trading South Africa Instagram.
Selecting a reliable and reputable online Forex Trading South Africa Instagram 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 Forex Trading South Africa Instagram more confidently.
Selecting the right online Forex Trading South Africa Instagram trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for forex trading south africa instagram trading, it's essential to compare the different options available to you. Our forex trading south africa instagram brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a forex trading south africa instagram broker that best suits your needs and preferences for forex trading south africa instagram. Our forex trading south africa instagram broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Trading South Africa Instagram.
Compare forex trading south africa instagram brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a forex trading south africa instagram broker, it's crucial to compare several factors to choose the right one for your forex trading south africa instagram needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are forex trading south africa instagram. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more forex trading south africa instagram that accept forex trading south africa instagram clients.
Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Admiral
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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 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) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
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Accounts |
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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 | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | 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 | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 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. | 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
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 | 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 | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Forex Trading South Africa Instagram ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top Forex trading south africa instagram below.