Are Forex Traders on Instagram Legit?

Are Forex Traders on Instagram Legit or Scam Showing their Luxury Cars and Huge Forex Trading Profits to their Fans or Followers 

LOL. Many newbiew forex traders are getting lured by many forex traders in Instagram after they saw a luxury cars (Ferrari, Lamborghini) sports cars and proof of income or trading profits.

Are these forex traders only scammers or are they legitimate traders and they just want to prove that there are money in forex trading.

Forex Trading on Instagram

Forex traders are busy analyzing chart, reassess their performance and no time in posting or uploading photos on Instagram. We have some conclusions and we may think that forex traders on Instagram are legit if;

• the forex trader on Instagram know you personally or vice versa.
• the forex trader on Instagram is really professional, highly respected and reputable

What Do Forex Traders on Instagram Usually Do?

Forex traders shows photos of their luxury lifestyle including their branded clothes, luxury vacations, sports and luxury cars, (Bentley and Rolls Royce this time), huge amount of cash, fat stacks, file of cash, their Rolex watches, etc.

These does not mean their forex traders on Instagram are legit when they show off these things. They might backed up by the brokers and brokers just used people (fake traders, scammers) to join in their forex broker and once you join in their forex broker, they will earn commissions or the broker will only after your money.

Forex Traders on Instagram usually are not professional forex traders. They are just hardworking affiliates getting commissions once their followers or fans signed up in their forex broker affiliate link.

What do you think about the forex traders on social media? Are forex traders on Instagram legit or I am absolutely right on what I think about them? Leave a comment below.