Each person has different reasons for using specific platforms when it comes to social media. Facebook offers many benefits for users, businesses and influencers, so we recommend checking out these 15 Best Forex Traders to Follow on Facebook.
In 2004, Mark Zuckerberg launched Facebook. It now has more than 1 billion international users and it was primarily used by people to connect with friends and family.
However, over the last decade, Facebook has evolved into a platform where businesses can reach a wider, more specific target audience and it offers paid advertising, the option to create groups and pages, and this platform now also offers traffic analytics and unique advertising tools that can be used by anyone.
With Facebook, there is no limit on the number of people that can join a group or like a page, as opposed to the 5,000 limit on friends that individual profiles are allowed to have.
This platform is also a great alternative for people who don’t have the time or money to make websites for their businesses or brands, and it is extremely easy to use.
Forex traders and brokers have utilized the tools and features offered by Facebook to offer trading tips to their followers, to post articles and news updates, to give trading signals and advice, and to share their success stories. The use cases for Facebook are limitless and with advances in technology, it’s always good to have a Facebook profile to refer to if you want to reach a larger audience or be part of a much bigger community.
FBS
16,000,000+ Traders Overall Rating USD 1 CySEC, IFSC, FSCA, ASIC 📱 Platfroms MT4, MT5, FBS trader, CopyTrade ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:30 🛒 Instruments Forex, Indices, Stocks, Metals, Energies, Crypto Welcome bonus 🏛️ Visit Broker FBS has launched a new type of account specifically for trading cryptocurrencies. The new Crypto account has over 100 instruments with digital currencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.
4.7/5
Minimum Deposit
Regulators
Islamic Account
Leverage
FBS has more than 17 million clients and this broker offers a Cent account, which is the recommended option for beginners and strategy testing.
FBS is a great option for social traders and copy trading and this broker offers spreads from -1 pip.
FBS accounts are designed for different styles of trading and there is also a dedicated account for crypto trading.
FBS Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | Limited product offering |
| Copy trader-friendly | Only 2 base currencies supported |
| Compatible with MetaTrader platforms | Swap Free option is not available for trading on “Forex Exotic” |
| Plenty of promotions and bonuses |
Advantage: 100% deposit bonus & other promotions
Tickmill
Overall Rating USD 100 FCA, FSCS, FSA, CYSEC, MiFID, ESMA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD Yes 1:500 🛒 Instruments Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs, Forex, Commodities 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
Tickmill is an award-winning broker and is available in 200+ countries.
Tickmills platforms and accounts are beginner-friendly, but the Classic account has a high minimum deposit and could be risky for new traders.
Tickmill does, however, provide plenty of useful educational material that you can use to learn the basics whilst practising on a demo account if you are a beginner.
Pros and Cons of Tickmill:
| ✔️Pros | ❌Cons |
| No funding fees | No USA clients |
| No inactivity fees | No fixed spreads |
| Commission-free trading | 3 account currencies |
| VPS hosting |
Advantage: $30 Welcome Bonus
OvalX
Overall Rating USD 100 FCA, FSCA 📱 Platforms ETX TraderPro, MT4 ₿ Crypto Yes 💵 Account Currency GBP, USD, EUR No 1:30 🛒 Instruments Forex, Indices, Shares, Commodities, Crypto 🏛️ Visit Broker
3.4/5
Minimum Deposit Regulators Islamic Account Leverage
OvalX (formerly ETX Capital) is a London-based broker that offers more than 5,000 CFDs and 60+ forex pairs.
OvalX is a popular spread betting broker and the customer support team is available 24/7.
OvalX offers one type of account that seems to be designed for more experienced traders but you can use a demo account if you are interested in trading with this broker.
OvalX Pros and Cons:
| ✔️Pros | ❌Cons |
| Free deposits and withdrawals | 3 account currencies |
| No inactivity fees | Limited account info on website |
| 24/7 support | No swap-free accounts |
| Tight spreads | No trading bonuses |
Advantage: Premium Account services (deposits of $10.000+)
Forex.com
Overall Rating USD 100 FCA, IIROC, ASIC, CFTC 📱 Platforms MT4, MT5, Forex.com apps ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD No 📊 Leverage 1:40 🛒 Instruments Forex, Indices, Stocks, Commodities, Metals, Crypto 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account
Forex.com offers 4,500+ Shares and commission-free trading.
Forex.com is a beginner-friendly broker that provides trading courses and educational material, but the high minimum deposit requirements make it a risky option for beginners.
If you are new to trading and you want to trade with Forex.com, we recommend trading on a demo account in the meantime.
Forex.com Pros and Cons:
| ✔️Pros | ❌Cons |
| 3 levels of trading courses | DMA account can only be used to trade Forex |
| 80+ currency pairs | Inactivity fees |
| Beginner-friendly | Only the Standard account can be used with MT4 and 5 |
| No USA clients |
Advantage: Cashback rebates for active, high-volume traders
FP Markets
Overall Rating USD 100 ASIC, CySEC 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF Yes 1:500 🛒 Instruments Forex, Shares, Metals, Indices, Commodities, crypto 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
FP Market accounts are beginner-friendly and professional traders have access to competitive trading conditions.
The Standard account is commission-free but has higher spreads and the Raw account charges commission fees but offers the tightest spreads.
Both accounts require a minimum deposit of $100 and use ECN pricing execution.
FP Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 10 account currencies | Withdrawal fees |
| 10,000+ stocks | No fixed spreads |
| Tight spreads | No USA clients |
| No inactivity fees |
Advantage: Commission-free trading and raw spreads from 0 pips
Eightcap
Overall Rating USD 100 ASIC, SCB 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD No 1:500 (ASIC) 🛒 Instruments Forex, Commodities, Indices, Shares, Crypto 🏛️ Visit Broker
3.2/5
Minimum Deposit Regulators Islamic Account Leverage
1:30 (SCB)
The Eightcap community has over 30 million members and this broker offers 2 types of accounts and 1,000+ instruments.
The Standard account offers spreads from 1 pip but no commission fees are charged on this account.
The Raw account charges commission fees but the spreads on this account start from as low as 0 pips.
If you are new to trading or you’ve never used the MetaTrader platforms, guides are provided on the Eightcap website.
Eightcap Pros and Cons:
| ✔️Pros | ❌Cons |
| No inactivity fees | No swap-free accounts |
| Commission-free trading | No trading bonuses |
| No deposit or withdrawal fees | |
| EA trading allowed |
Advantage: Thriving community with more than 30 million users
BDSwiss
USD 200 CySec, FSC, FSA, BaFin, NFA 📱 Platforms MT4, MT5, BDSwiss app Yes 💵 Account Currency EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK Yes 1:500 🛒 Instruments Forex, Commodities, Shares, Indices, CryptocurrenciesMinimum Deposit Regulators Islamic Account Leverage
BDSwiss has more than 1.5 million clients and is a popular CFD trading broker.
BDSwiss offers 4 commission-free accounts with spreads from 1 pip and one account that charges commission fees but has spreads from 0 pips.
BDSwiss Pros and Cons:
| ✔️Pros | ❌Cons |
| Commission-free trading | No trading bonuses |
| 1,000+ CFDs | No USA clients |
| Instant withdrawals | Inactivity fees |
| Beginner-friendly | $5,000 deposit for zero spreads |
Advantage: 30% deposit bonus and referral rewards
Pepperstone
Overall Rating USD 200 ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency USD, GBP Yes Low 🛒 Instruments Forex, Crypto, Shares, ETFs, Indices, Commodities 🏛️ Visit Broker
4.0/5
Minimum Deposit Regulators Islamic Account Leverage
With Pepperstone’s referral program, you and your friend can earn up to $250 cash each. There is no limit to the number of friends you can invite.
Despite the relatively high minimum deposit, Pepperstone is a beginner-friendly broker and this broker provides plenty of trading guides and tutorials on trading CFDs, Forex and Shares.
Pepperstone Pros and Cons:
| ✔️Pros | ❌Cons |
| No withdrawal fee | No USA clients |
| Referral program | Low leverage cap |
| 1,200+ CFDs | 2 account currencies |
| No inactivity fees |
Advantage: Referral program rewards you AND the people you invite
ActivTrades
USD 500 FCA, CBS 📱 Platforms MT4, MT5, ActivTrader ₿ Crypto Yes 💵 Account Currency EUR, USD, GBP, CHF Yes 1:30 🛒 Instruments Indices, Forex, Commodities, Crypto, Shares 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
ActivTrades is one of our top-rated brokers for professional high-volume traders.
ActivTrades offers a proprietary trading platform for active traders. This platform can be used for hedging and it comes with advanced order types, chart styles and market sentiments.
ActivTrades provides customer support in 14 languages and although we recommend this broker to professionals, beginner-friendly educatioonal videos and guides are provided.
ActivTrades Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | No USA clients |
| Negative Balance Protection | High minimum deposit |
| No requotes | 4 base currencies |
| Plenty of trading tools | Inactivity fees |
Advantage: 30% Cashback, Referral Bonuses & ActivTrader program/platform
InstaForex
Overall Rating USD 1 FSC, BVI, CySEC 📱 Platforms MT4, MT5, InstaTick Trader ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:1000 🛒 Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
InstaForex was founded in 2007 and has more than 7 million clients.
InstaForex offers 2 types of accounts and is a great option for scalpers and beginners.
InstaForex provides a great selection of educational resources and offers a deposit bonus and more than 300 instruments.
InstaForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Beginner-friendly | 2 account currencies |
| Low minimum deposit | |
| Deposit bonus | |
| 100+ currency pairs |
FIBO Group
Overall Rating 0¢ (cent account ) or $50 FSC, CySEC 📱 Platforms MT4, MT5, cTrader, cTrader Copy ₿ Crypto Yes 💵 Account Currency EUR, USD, RUR, CHF, GBP Yes 1:1000 🛒 Instruments Forex, CFDs, Spot Metals, Crypto 🏛️ Visit Broker
4.5/5
Minimum Deposit Regulators Islamic Account Leverage
FIBO Group was founded in 1998 and has offices in 10 countries. Accounts can be funded using EUR and USD, and several payment options are accepted.
Both the website and the customer support team are available in multiple international languages and customer support can be reached via callback, email, phone, live chat or office visits.
For traders who deposit more than $5,000, FIBO Group offers advanced analytics and market news from reliable agencies.
Unfortunately, US traders cannot use FIBO group.
FIBO Group Pros and Cons:
| ✔️Pros | ❌Cons |
| Great selection of account types | Lack of educational resources |
| Multilingual customer support team | US clients not accepted |
| Tight spreads on all accounts | |
| Zero-commission accounts provided |
RoboForex
Overall Rating USD 10 IFSC, CySEC 📱 Platforms MT4, MT5, cTrader, R Stocks Trader ₿ Crypto Yes 💵 Account Currency USD, EUR, RUB, CNY, GOLD, BTC Yes 1:2000 🛒 Instruments Forex, Indices, Stocks, Metals, Commodities, ETFs 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
RoboForex was founded in 2009 and is a popular CFD broker in Belize.
RoboForex offers 5 types of accounts and each account can be used as a demo version.
RoboForex supports copy trading, EA trading and strategy building.
RoboForex offers several promotions and cashback rebates.
RoboForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | No crypto |
| Trading bonuses | |
| Beginner-friendly | |
| Negative Balance Protection |
FXOpen
Overall Rating USD 1 ASIC, FCA, FSCA 📱 Platforms MT4, MT5, TickTrader, FIX API, Myfxbook ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP, CAD, AUD, CHF, JPY, CNY Yes 1:500 🛒 Instruments Forex, Indices, Commodities, Shares, Crypto 🏛️ Visit Broker
4.6/5
Minimum Deposit Regulators Islamic Account Leverage
FXOpen was founded in 2003 and this broker has more than 1 million clients globally.
FXOpen offers 4 types of accounts, 600+ instruments and tight spreads.
We recommend trading with FXOpen if you’ll be scalping or automating your trading strategies.
FXOpen Pros and Cons:
| ✔️Pros | ❌Cons |
| Spreads from 0 pips | No fixed spreads |
| ECN/STP broker | |
| Cashback rewards | |
| PAMM accounts |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
XM is regulated by ASIC, ESMA, DFSA, FCA, CySEC and IFSC, and they offer more than 1,000 tradable instruments and trading bonuses.
XM has over 5 million clients and we recommend XM for beginners.
XM requires only a $5 minimum deposit and accounts can be funded using USD, HUF, PLN, CHF, JPY, EUR, GBP, RUB or AUD.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| 5mil+ clients | No fixed spreads |
| Many regulations | No US clients |
| Negative Balance Protection | Inactivity fees |
| Trading bonuses |
Axiory
USD 0 IFSC, MFSC, FCA 📱 Platforms MT4, MT5, cTrader, Axiory CopyTrade App ₿ Crypto No 💵 Account Currency EUR, USD Yes 1:777 🛒 Instruments Forex, Gold, Metals, Energies, Oil, CFD indices, CFD stocks, ETFs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Axiory is a MetaTrader 4 and cTrader broker that offers advanced trading tools, such as Autochartist and Strike Indicator, and more experienced traders can also use Expert Advisors and custom indicators.
Axiory is a member of the Financial Commission and provides Negative Balance Protection, which prevents trading accounts from going into overdraft and protects traders from unplanned price movements and debt.
Traders can choose from 3 types of flexible accounts at Axiory, with a $50 minimum deposit on Axiory Max Accounts. All accounts can be used on cTrader or MT$, and each account type can be converted to an Islamic account.
Axiory Pros and Cons:
| ✔️Pros | ❌Cons |
| Compatibility with MetaTrader4 and cTrader | No fixed spread accounts |
| Multilingual customer support | No tradeable crypto assets |
| Demo accounts offered | Not available to US citizens |
| regulated by IFSC |
Conclusion
There are thousands of Forex pages you can follow on Facebook.
Whether you need trading signals or market news updates every day, or you would just like to stay in touch with your favourite broker and be part of its community.
If you are interested in trading for the first time or trying a new broker, we recommend choosing one of the brokers listed in this article.
You can create a demo, live or swap-free account by visiting their official websites.
These are only some of the Forex Facebook pages you can follow. Let us know if you like any of the 15 Best Forex Pages to Follow on Facebook in this review!
Good luck with your trading!
Disclaimer
Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.
The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.
