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've collected thousands of datapoints and written a guide to help you find the best Forex Trading South Africa Instagram for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best forex trading south africa instagram below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex Trading South Africa Instagram trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex Trading South Africa Instagram.
Compare Forex Trading South Africa Instagram min deposits, regulation, headquarters, benefits, funding methods and fees 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 |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
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.
We also have an indepth Top Forex Trading South Africa Instagram for 2021 article further below. You can see it now by clicking here
We have listed top Forex trading south africa instagram below.