Top Forex Trading Facebook Groups

Although Twitter and LinkedIn remain the most widely used social networks for forex traders, there are many communities on Facebook that could be of great interest to online traders. The format of this platform makes it easy to share different kinds of information, particularly the fact that graphics can be displayed so prominently, lending itself well to the publishing of charts, for example. Among the Facebook pages that have the largest numbers of ‘likes’, most fall into one of the following categories: brokers, signals providers, online academies, and community forums.

facebookWhile the primary purpose of these pages is promotional, in order to draw traffic towards the main site, they are often good sources of content in themselves. By connecting with the most relevant ones, you can gather together a lot of useful information and links to content that you might otherwise miss out on with a traditional news feed. Due to the lack of size limitations, Facebook doesn’t lend itself as well to being tucked away in a corner of a trading layout as Twitter, but it can be a useful source of information and ideas nonetheless, particularly if you are browsing your news feed on a smartphone for example.

XForex – 1,167,513 likes

This company page for forex broker and platform provider Xforex has over a million likes, a remarkable tally for a page of this type, and is reflective of their reach into the fast-growing market for online trading in Asia. Although much of the content on the page is of a promotional nature, there are also daily discussions of the hot forex topics of the day that see a high level of engagement from the page’s many followers.

eToro – 426,569

etoroAs the largest social trading network in the world, eToro has been quicker than most to see the possibilities of social media, and Facebook in particular. Their posts often take the form of conversation-starters, rather than promotional announcements, and while there is plenty of content that is specific to forex trading, there are a lot of more general business and social media-related post here too. This makes it one of the more entertaining and useful pages for forex traders to connect with.

Instaforex – 415,367 likes

Instaforex are one of the biggest forex brokers in Asia, a market that seems to have adopted social media, and particularly Facebook, in greater numbers than any other. Unlike Xforex, instaforex largely steers clear of purely promotional posts, veering more towards conversation-starters and infographics related to online trading.

MT5 Forum – 282,107 likes

This Facebook page is an offshoot of the popular MT5 forum, which we covered in an earlier article. It largely exists as a social layer for this community for sharing pictures, infographics, and charts, rather than as a replacement for the forum itself.

Profit Forex Signal – 277,972 likes

As the name suggests, Profit Forex Signal is a signals provider for online forex traders, providing tradable suggestions in exchange for a monthly subscription fee. The Facebook page largely seems to exist to share information about the success of their recent trade suggestions, giving an indicator of what customers might expect if they sign up.

Free Forex Signal – 235,517 likes

Free Forex Signal offers actionable trade suggestions for free, and reports their successes via Facebook. At present, Facebook is too slow and inflexible to allow for copy trading within the platform, although it can form a useful adjunct to these services as a way of drawing traffic and building community.

indianIndian Forex – 125,734 likes

The Indian Forex Forum is the go-to place on the web for information and insight on currency pairs involving the Indian rupee (INR), particularly USD/INR. Their Facebook page largely consists of shareable memes, currency news, and forum highlights.

Forex Fund International – 109,940 likes

Forex Fund International is a fund management firm specialising in forex. Therefore, their Facebook page doesn’t contain much in the way of content to interest online traders, aside from regular posts containing “words of wisdom” from some of the biggest names in the history of finance, economics, and philosophy.

Butapips – 96,109 likes

Another forex signals provider, the vast majority of Butapips’ posts are large price charts demonstrating the recent successes of their trade suggestions, although it also serves as a customer service point where users can discuss, for example, how to set up their trade copier to adhere to these signals correctly.

Easy Forex – 93,028 likes

This company page for online forex broker Easy Forex provides regular news updates and discussions in a wide range of languages. Of particular interest is the ‘daily outlook’, which gives the lowdown on the previous day’s trading activity and the things to look out for in the day ahead in bite-size, shareable form.

Pip Maker Forex – 80,750 likes

This forex signals provider mainly seems to use its page to promote its services by publishing retrospective charts of successful signals and other generic promotional materials. Despite a high number of likes, the level of engagement on this page from followers seems to be quite low.

artForex Art Of War – 70,006 likes

As a promotional vehicle for Vance Williams’ Forex Art of War training programme, this is a surprisingly useful page for traders, offering daily insights, videos and analysis from the author himself. It is also a good resource for links to useful articles and discussions of the economic events that are affecting price movements.

Forex School Online – 65,214 likes

Forex School Online is a training programme with a specific focus on the study of price action. The Facebook page is a very active community, and a deep resource of insights and discussions regarding trading strategy and analysis, with charts demonstrating the efficacy of the strategies espoused by the programme.

Forex Count – 61,712 likes

This page is primarily used by FX broker Forex Count to share news, analysis, and forecasts regarding the currency market, with abundant links to reports and articles from the company itself and the web as a whole.

FXCM US – 12,825 likes

The page for leading US broker FXCM has quite an educational bias, with plenty of tips for making better use of their platforms, links to online tutorials, and a liberal application of price charts to accompany their sometimes quite detailed posts about market-moving events.

OANDA – 12,442 likes

OANDA’s company page is primarily a vehicle to drive traffic towards their blog, which hosts content such as daily and weekly market analysis, strategy guides, and opinion pieces. They also use it, in combination with their Twitter account, to make announcements about upcoming events, host online discussions, and act as a customer service channel.

alpari

Alpari UK – 12,007 likes

Forex broker Alpari’s UK page contains a lot of promotional material, but is also populated with quite a lot of useful content, such as daily market report videos and links to articles on their website, such as morning bulletins, expert analysis, and weekly market previews.

Forex.com – 9,319 likes

Unlike the more broad-based approach of many brokers, Forex.com use their page almost exclusively to post technical analysis charts pertaining to recent market events, which makes it a useful page for any forex trader to have in their news feed.

Saxo Bank – 7,945 likes

Basic CMYKDanish investment bank Saxo Bank, which offers online trading in a wide range of financial instruments including forex and CFDs, has a very active Facebook presence that is employed for a number of purposes. These include drawing traffic towards market analysis articles and opinion pieces on their TradingFloor website, and spreading the word about the wider activities of the company, its employees, and the Tinkoff-Saxo cycling team.

 

6 thoughts on “Top Forex Trading Facebook Groups

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