We found 11 online brokers that are appropriate for Trading Instagram Platforms.
Instagram trading scams are fraudulent schemes that exploit the platform's vast user base and visually engaging format to deceive individuals into investing money in bogus trading opportunities. These scams often promise high returns with minimal risk, preying on the financial aspirations and naivety of potential victims.
In this article, we take a closer look at the nature of these scams and how they operate.
Type | Description | Tactic | How to Spot |
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Fake Trading Accounts | Fraudsters impersonate legitimate firms or successful traders. | Use fake screenshots of high returns to lure victims. | Look for verified badges, research background, and check user reviews. |
Investment Opportunities | Promise unrealistic returns with minimal risk. | Pressure victims into quick investments and disappear with the money. | Be wary of unsolicited offers, research the opportunity thoroughly. |
Signal Services | Sell supposedly profitable trading signals for a fee. | Signals are often worthless, and scammers may vanish after payment. | Don't rely on guaranteed profits, avoid services with upfront fees. |
Phishing Schemes | Send DMs or post links to fake trading websites. | Steal login credentials or financial information for identity theft or unauthorized transactions. | Never click on suspicious links, verify platform authenticity before entering information. |
Ponzi Schemes | Promise high returns by paying initial investors with funds from new recruits. | Scheme collapses when new recruits are insufficient, leading to significant losses. | Be skeptical of unrealistic returns, avoid investment structures focused on recruitment. |
Instagram trading scams are on the rise and investors, particularly beginners, are warned that they should be aware of such scams or scammers. A 24-year-old accountant, said he was scammed by a guy on the social platform who claimed to be rich, self-made and very young.
Sam said he discovered a Forex investment scheme and initially invested 1,000 pounds. He received returns soon. He deposited a little more and thereafter again little more. He continued increasing his investment and was finally scammed for 17,000 pounds.
He is one of the many Instagram users who have been scammed by fraudsters.
Sam alleged he was scammed by a man named William Clark, who claimed to have become rich through Forex trading and offered the opportunity for others to follow him on the social networking site to follow his strategy of getting rich quickly.
Clark promised his trade would be copied to the accounts of his followers after signing up. Here, Sam was promised to make a profit immediately and to get access to the Infinox trading platform where one can analyse the investment performances.
Initially, the profits did rise and Sam invested more money gradually when he felt secure. After a couple of months, things became suspicious and withdrawal failed. Clark explained that the profits had fallen due to Brexit. All the investments were thereafter lost.
According to cyber security specialist Jake Moore, the use of social media has increased several folds lately and young people are more prone to getting scammed.
A lot of young people are looking for various new ways to make money and they become the soft targets for scammers. Social media is not sophisticated enough to deal with billion of accounts equally. The algorithms cannot be relied upon.
Moore added scammers usually offer wonderful schemes like making the money double or triple through easy methods and in the shortest period. These are basically scams.
Fake Trading Accounts: Scammers create accounts that mimic legitimate trading firms or popular traders. They use these accounts to post impressive but fake trading results, often featuring screenshots of substantial profits.
Investment Opportunities: Fraudsters promote too-good-to-be-true investment opportunities, claiming that they can generate significant returns in a short period. They may ask for an initial investment and then disappear once the money is transferred.
Signal Services: Scammers offer trading signals for a fee, promising insider knowledge or algorithms that guarantee profitable trades. These signals are often worthless, and once the fee is paid, the scammers vanish or provide poor trading advice.
Phishing Schemes: Scammers send direct messages or post links that lead to phishing websites. These sites mimic legitimate trading platforms and ask for sensitive information, such as login credentials or financial details, which are then used for identity theft or unauthorized transactions.
Ponzi Schemes: Scammers recruit new investors by promising high returns. Initial investors are paid with the money from new recruits, creating the illusion of a successful operation. However, the scheme collapses when there are not enough new recruits to pay returns, leading to significant losses for most participants.
Unrealistic Promises: Any account promising high returns with little or no risk should be approached with caution. Legitimate investments always carry some level of risk.
Lack of Transparency: Scammers often avoid providing verifiable information about their identity, trading history, or the specifics of their investment strategy.
Pressure Tactics: Fraudsters use high-pressure tactics to rush individuals into making quick decisions without sufficient due diligence.
Unverified Success Stories: Posts featuring unverified testimonials or success stories, especially those that seem too good to be true, are often fabricated.
Requests for Personal Information: Be wary of any request for sensitive personal or financial information via direct messages or links to unfamiliar websites.
Verify Accounts: Check the legitimacy of trading accounts by looking for verified badges, researching their background, and reading reviews or feedback from other users.
Do Your Research: Before investing, thoroughly research the investment opportunity, including the people or firms behind it. Use reputable sources of information and consult with a financial advisor if needed.
Be Skeptical of Unsolicited Offers: Treat any unsolicited investment offers or messages with suspicion. Legitimate financial services typically do not approach potential clients this way.
Use Secure Platforms: Only engage in trading activities on well-known and secure trading platforms. Avoid clicking on suspicious links or providing personal information on unfamiliar sites.
Report Suspicious Activity: If you encounter a suspected scam, report it to Instagram and relevant financial regulatory authorities to help prevent others from falling victim.
With the rise in Instagram trading scams, it is suggested to only deal with authorised Forex brokers. Unauthorised brokers usually have the intention of cheating people and running away with the money. FCA authorised brokers are the safest in the UK. Also brokers regulated by major economies in Europe like CySEC are also well regulated.
Finding a perfect broker is not easy. The important factors to consider include verifying the regulatory license and checking whether the trading platform is one of the best in the industry. It is important to initially look for a low-cost broker in order to retain as many profits as possible.
Most brokers provide demo accounts to help beginners gain real trading experience without using real money. It is better to start with a demo account to gain confidence before opting for a live trading account.
Instagram trading scams have become increasingly common, especially amid the COVID-19 pandemic when many people are struggling with jobs and seeking new ways to make money. Young people are the most frequent targets of these scammers.
In this article, we examined a case involving a victim and a scammer, highlighting the rise in social media scams. We provided important information on various types of scams and offered safety tips to help individuals protect themselves.
It's crucial to stay vigilant and avoid ads that promise quick and easy ways to get rich or double or triple your investment. By following the safety tips mentioned earlier, such as verifying accounts, doing thorough research, being skeptical of unsolicited offers, using secure platforms, and reporting suspicious activity, you can protect yourself from falling victim to these scams.
We have conducted extensive research and analysis on over multiple data points on Instagram Trading Scams to present you with a comprehensive guide that can help you find the most suitable Instagram Trading Scams. Below we shortlist what we think are the best Instagram Trading Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Instagram Trading Scams.
Selecting a reliable and reputable online Instagram 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 Instagram Trading Platforms more confidently.
Selecting the right online Instagram Trading Platforms 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 Instagram Trading Platforms trading, it's essential to compare the different options available to you. Our Instagram Trading Platforms 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 Instagram Trading Platforms broker that best suits your needs and preferences for Instagram Trading Platforms. Our Instagram Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Instagram Trading Platforms.
Compare Instagram Trading Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Instagram Trading Platforms broker, it's crucial to compare several factors to choose the right one for your Instagram Trading Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Instagram Trading Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Instagram Trading Platforms that accept Instagram Trading Platforms clients.
Broker |
IC Markets
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Roboforex
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eToro
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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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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 |
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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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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 | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | 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) |
Support |
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Learn More |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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 | 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 |
You can compare Instagram 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 Instagram Trading Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Instagram Trading Platforms below.
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
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