10 Best Forex Traders to Follow on Instagram

Instagram has become a big part of South Africa's retail trading scene. Open the app during a trading day, and you'll find chart breakdowns, market calls, trade recaps, psychology posts, and plenty of lifestyle content mixed in.

Some accounts are useful. Some are mostly selling something. Often, it's a bit of both.

The traders on this list have built sizeable audiences around forex, indices, technical analysis and trading education. That doesn't mean they're profitable, and it doesn't mean we're recommending their courses, signals, investment offers or account-management services.

Use the content for ideas. Pay attention to how they read the market. But check the claims, test the setups, and do your own homework before putting money behind anything.

Why Should I Follow Forex Traders on Instagram?

Following legit forex traders gives you real-time market insights. You see their analysis, trade setups, and market perspective. It's not about copying trades blindly; it's learning how professionals think. You pick up patterns, risk management tips, and discipline habits. Most importantly, you avoid costly beginner mistakes others have already made. Education accelerates your own trading journey.

🏆10 Best Forex Brokers in South Africa

Who Are the Best Forex Traders to Follow on Instagram?

There isn't one forex trader on Instagram who will suit everyone. It depends on what you actually want to get from the content.

If you're interested in day trading, Jason Noah is one of the better-known South African names to follow. If you spend more time trading NASDAQ, US30 or gold, Nkateko Roshny Mathebula may be a better fit.

Lesiba Mothupi takes a different angle. His content focuses more on trading education, psychology, and what it actually takes to improve as a trader over time.

Ashirus Monhla also has a large audience in the South African trading space. His Instagram account, @leadership_monhla, is widely associated with forex trading and mentorship content.

Follower count shouldn't be the deciding factor, though. A trader with 500,000 followers isn't automatically more useful than someone with 20,000. What matters is whether their charts, explanations, and trade reviews actually help you understand why a market moved and how they approached it.

Follow for ideas, not signals to copy.

10 Best Forex Traders to Follow on Instagram

 

10 Best Forex Traders to Follow on Instagram - A Quick Overview

1. Ashirus Monhla — Best for forex education and trading mindset.
2. Jason Noah — Best for day-trading setups and technical analysis.
3. Kgopotso Mmutlane — Best for beginner-friendly forex education.
4. Mkokeli Mampofu — Best for engaging forex content and funded trading.
5. Lesiba Mothupi — Best for practical chart analysis and trading psychology.
6. Nkateko Roshny Mathebula — Best for gold, NASDAQ, and US30.
7. Isaak Sunda — Best for day-trading education and market breakdowns.
8. Thabani Ngcobo — Best for technical chart setups and market structure.
9. Andrew Ndalo — Best for practical trade insights and market education.
10. Ref Wayne — Best for forex education and financial literacy.

1. Ashirus Monhla (@leadership_monhla)

Ashirus Monhla is one of the more visible finance and trading personalities on South African Instagram.

His profile is currently listed as @leadership_monhla, and third-party influencer databases describe him as a forex trader and mentor. He also appears in recent 2026 lists covering South African finance influencers.

His feed isn't purely about charts. Trading sits alongside entrepreneurship, motivation, and leadership content.

Why Follow Ashirus Monhla?

Ashirus may be worth following if you're interested in the business and mindset side of trading as well as the markets themselves.

A lot of his public content deals with discipline, entrepreneurship, and the lifestyle built around trading. That's a different experience from following an account that posts nothing but EUR/USD charts and entry levels.

If that wider side of South Africa's forex scene interests you, his account may be useful.

Important FSCA Disclosure

There is some regulatory history readers should know about.

In March 2021, the Financial Sector Conduct Authority warned the public to exercise caution when dealing with FLF Global and Ashirus Tebatso Monhla.

According to the FSCA notice at the time, neither FLF Global nor Monhla was authorised under the FAIS Act to provide financial advice or intermediary services. The notice also referred to allegations involving deposits from members of the public and forex trading on their behalf.

That warning needs to be separated from simply following someone's public Instagram content. Following an account is one thing. Handing over money, taking financial advice or allowing someone to trade on your behalf is another.

Best for: Forex-related content, trading mindset, entrepreneurship and motivation.

  

Pros and Cons

 

What type of content does Ashirus Monhla post?

He shares a combination of forex education, motivational insights, trading mindset advice, and occasional market commentary. His content often emphasizes discipline, financial independence, and structured growth for aspiring traders looking to improve both psychologically and technically.  

Is Ashirus Monhla suitable for beginner traders?

Yes, beginners may benefit from his motivational approach and general trading principles. However, new traders should supplement their content with structured technical education and risk management training before making independent trading decisions in live markets.  

2. Jason Noah (@jasonnoah_sa)

Jason Noah is one of the more recognisable South African trading personalities on Instagram.

His current profile is @jasonnoah_sa, where he describes himself as a long-term day trader. Current influencer tracking puts his audience at well above half a million followers.

He is also associated with Forex Kings, a trading-education brand linked to him for several years.

What Does Jason Noah Post?

His feed mixes several types of content, including:

• day-trading setups
• forex charts
• market commentary
• trading education
• personal development
• lifestyle posts

The account makes more sense for someone interested in shorter-term market moves than an investor researching company earnings or building a retirement portfolio.

Why Follow Jason Noah?

The day-trading focus is what makes his account interesting.

You're more likely to see active setups, technical ideas, and market commentary than long-term investment analysis.

The useful part isn't whether every setup wins. Watch how the idea is built. Where was the entry? Where was the trade wrong? What was the trader looking for before taking it?

And don't copy a trade simply because it appeared on Instagram. Use it as another trader's view of the market, then do your own analysis.

Best for: Day traders, technical-analysis followers and traders who want regular market-focused content.

   

Pros and Cons

 

Does Jason Noah provide live trading signals?

His Instagram primarily showcases trade setups and educational insights rather than regulated signal services. Followers should verify any strategies independently and avoid relying solely on social media content when making financial trading decisions.  

Why is Jason Noah popular among South African traders?

He combines relatable local success themes with forex trading content, which resonates strongly with young South African traders aiming for financial independence through online trading opportunities and entrepreneurial ventures.  

3. Kgopotso Mmutlane (@forexbrokerkiller)

Kgopotso Mmutlane, also known online as Forex Broker Killer or DJ Coach, has been a visible name in South Africa's retail forex community for years.

His Instagram account is currently listed as @forexbrokerkiller, with 2026 influencer data showing an audience in the hundreds of thousands.

Mmutlane has also publicly connected himself with Forex Broker Killer and financial analysis.

What Does Kgopotso Mmutlane Cover?

His content usually centres on:

• forex trading
• market direction
• trading education
• entrepreneurship
• motivation
• trading lifestyle

Some of his public posts also cover NASDAQ and other markets popular with short-term traders.

Why Follow Kgopotso Mmutlane?

His content is relatively easy to follow.

New traders can get lost quickly when every chart has six indicators, three oscillators, and enough jargon to make a simple setup look like a physics exam. His style tends to be more direct.

That can make the content easier for beginners to digest.

Simple doesn't mean safe, though. A setup can look obvious in a 30-second clip and still lose money. Forex remains risky regardless of how clean the chart looks on Instagram.

Best for: Newer traders interested in introductory forex ideas, South African trading culture and motivation.

 

 

Pros and Cons

 

Is his content beginner-friendly?

Yes, his posts are generally simplified and motivational, making them approachable for beginners. However, traders should still study structured technical analysis and proper risk management beyond Instagram summaries.  

Does he focus only on forex markets?

Primarily forex, although some broader financial topics may appear. His educational branding centers on currency trading concepts and retail trading empowerment within the South African trading community.  

4. Mkokeli Mampofu (@princemampofu)

Mkokeli Mampofu has built a sizeable South African audience around trading and entrepreneurship.

Current 2026 influencer data lists his Instagram account as @princemampofu and describes him publicly as a funded trader.

His feed goes beyond the usual screenshots of forex charts.

What Can Traders Expect?

You'll likely see a mix of:

• trading
• funded-account content
• market discussions
• mindset
• entrepreneurship
• lifestyle posts

That makes the page more of a trader-personality account than a technical-analysis feed.

Why Follow Mkokeli Mampofu?

Funded trading has become a major part of the retail trading conversation.

For traders interested in proprietary trading firms, evaluation accounts and performance targets, Mampofu's content may be worth following.

There is still a big difference between watching someone discuss funded trading and paying for a challenge yourself.

Before paying an evaluation, subscription or other fee to a proprietary trading company, check the rules carefully. Look at drawdown limits, payout conditions, prohibited strategies and what actually happens if the company changes its terms.

Best for: Traders interested in funded accounts, forex culture and trading lifestyle content.

  

Pros and Cons

 

Does he provide structured trading education?

Most of his Instagram content focuses on inspiration and general trading discussions. Traders seeking detailed curriculum-style learning may need additional structured courses or technical materials elsewhere.  

Is his account suitable for advanced traders?

Advanced traders may find limited technical depth. His content tends to focus more on motivation and general trading awareness rather than advanced institutional-level analysis.  

5. Lesiba Mothupi (@lesiba_steez)

Lesiba Mothupi is closely associated with Forex Chasers and has built a substantial following around forex and index trading.

Current influencer data lists his Instagram account as @lesiba_steez, while Forex Chasers identifies him as the person behind its trading-education platform.

He also has an established YouTube presence covering his trading journey and market education.

What Does Lesiba Mothupi Post?

His content has a strong educational angle.

Expect posts about:

• technical analysis
• execution
• trading discipline
• common mistakes
• forex
• NASDAQ
• trading psychology
• lessons from experience

Some of his more recent public content has focused on execution and simplifying the trading process instead of constantly adding another indicator or strategy.

Why Follow Lesiba Mothupi?

If you're following traders because you actually want to learn something, Lesiba is one of the more useful names on this list.

A lot of his content deals with the process behind trading rather than presenting the feed as a collection of winning screenshots.

That matters.

The entry is only one part of a trade. How you manage risk, react when the market moves against you, and review mistakes afterwards usually tells you much more about the trader.

Best for: Trading psychology, chart analysis, practical development and forex education.

  

Pros and Cons

 

What markets does he mainly discuss?

He primarily focuses on forex pairs and occasionally indices, sharing chart-based technical setups and trade perspectives aimed at retail traders following price action strategies.  

Can beginners follow his analysis easily?

Intermediate traders may benefit most. Beginners might require foundational knowledge of support, resistance, and risk management before fully understanding his shared setups.  

6. Nkateko Roshny Mathebula (@nasdaq_ninja)

Nkateko Roshny Mathebula is better known online as Nasdaq Ninja.

His current Instagram account, @nasdaq_ninja, has more than 200,000 followers according to recent social-media tracking. His public profile focuses on forex, gold, NASDAQ, and US30.

That's a fairly clear market niche compared with accounts that jump between dozens of instruments.

What Does Nasdaq Ninja Cover?

His content includes:

• XAU/USD
• NASDAQ
• US30
• forex
• technical analysis
• trading education
• market setups

His wider public profile also connects him with trading education and market-analysis businesses.

Why Follow Nkateko Roshny Mathebula?

This account makes the most sense if you already spend a lot of time watching fast-moving markets.

Gold, NASDAQ and US30 can move sharply around US inflation numbers, employment data, Federal Reserve decisions and sudden changes in risk sentiment.

Following someone who concentrates on those markets may be more useful than an account that covers gold in the morning, crypto at lunch and an unrelated currency pair an hour later.

You still need to make your own call. The value is in seeing how someone who watches these markets regularly reads them.

Best for: Gold traders, NASDAQ traders, US30 traders and technical-analysis followers.

 

Pros and Cons

 

What type of trading content does Nasdaq Ninja share?

She shares a mix of forex and indices-related content, motivational trading posts, and mindset-focused messages aimed at helping traders stay disciplined, confident, and consistent in volatile market conditions.  

Is her content suitable for beginner traders?

Yes, beginners may find her content motivating and accessible, but they should combine it with structured technical education and risk management resources to build solid trading foundations.  

7. Isaak Sunda (@cashcowforex)

Isaak Sunda is included for his trading-focused educational content and shorter-term market analysis.

His material is most relevant to traders who want to study the practical side of day trading: reading price movement, spotting possible setups and seeing how another trader structures an idea during an active session.

Why Follow Isaak Sunda?

The useful part is seeing the thought process behind the chart.

Don't just scroll to the final screenshot and check whether the target was hit.

Look at:

• why the trade was considered
• where the risk was placed
• what would have invalidated the setup
• whether the risk-to-reward made sense
• what happened when price didn't behave as expected

That's where a social-media post starts becoming a useful trading exercise instead of another winning-chart screenshot.

Best for: Day traders and traders studying short-term market analysis.

 

 

Pros and Cons

 

What markets does Isaak Sunda focus on?

He mainly focuses on forex markets, sharing day trading analysis, chart observations, and educational insights aimed at helping traders improve their technical understanding and execution skills.  

Is Isaak Sunda suitable for intermediate traders?

Yes, intermediate traders may benefit most from his analytical approach, as his content assumes some prior knowledge of trading concepts, price action, and risk management principles.  

8. Thabani Ngcobo (@djthaniba)

Thabani Ngcobo is included mainly for chart-focused trading content.

If you would rather study setups than scroll through long motivational posts, that style of account can be useful.

Why Follow Thabani Ngcobo?

A chart post can be a good exercise even when you have no intention of taking the trade.

Before looking at the person's conclusion, study the chart yourself.

Was price trending or ranging?

Where were the obvious support and resistance areas?

What would have triggered an entry?

At what point would the setup have been wrong?

Answer those questions first, then compare your view with the trader's.

That's much more useful than simply checking whether the trade ended in profit.

Best for: Technical traders and people who prefer chart-based content.

 

Pros and Cons

 

What kind of analysis does Thabani Ngcobo post?

He posts chart-based technical analysis, including support and resistance, trend direction, and trade setups designed to help traders refine their decision-making process.  

Is his content beginner-friendly?

While educational, some content may be better suited for traders with basic technical knowledge. Beginners should first learn foundational chart concepts to benefit from his analysis fully.  

9. Andrew Ndalo (@andrew__fx)

Andrew Ndalo is included for traders who prefer straightforward market ideas and educational trading content.

The point of following an account like this shouldn't be to turn another trader into your signal service. It's more useful as a way to compare different approaches to the same market.

Why Follow Andrew Ndalo?

Put three traders in front of the same chart, and you may get three completely different answers.

One sees a breakout. Another sees resistance.

The third decides the setup isn't worth trading at all. That's useful.

Learning to compare those views can help you build your own decision-making process instead of waiting for someone else to tell you when to click buy or sell.

Best for: Developing traders looking for practical ideas and different approaches to market analysis

   

Pros and Cons

 

What makes Andrew Ndalo’s content useful?

His content focuses on simplifying trading concepts and sharing practical insights, making it easier for traders to understand how market setups work in real trading scenarios.

Who should follow Andrew Ndalo?

Beginner and intermediate traders looking for straightforward explanations, basic trade ideas, and learning-focused content may find his Instagram account especially useful.  

10. Ref Wayne (@refwayne)

Ref Wayne is one of the longest-established names on this list and has been a visible figure in South Africa's retail forex scene for years.

He is associated with forex education, entrepreneurship, public speaking, and trading-related books.

SA Shares' own 2026 review of prominent South African forex traders identifies him as an educator and founder associated with the African Forex Institute.

That review also points out something worth keeping in mind: there is no publicly available, independently audited trading record confirming many of the performance claims commonly linked to his reputation.

That's an important distinction when you're assessing any public trading personality.

Why Follow Ref Wayne?

Part of the interest here is historical.

Ref Wayne became prominent during the period when online forex trading took off among younger South Africans. His public profile helped shape some of the local conversation around trading, entrepreneurship and financial independence.

He has also published trading-focused educational material and promoted forex education for a number of years.

That makes his account relevant if you're interested in where South Africa's retail forex culture came from, as well as the trading content itself.

Best for: Forex education, trading motivation, entrepreneurship and the history of South Africa's retail trading scene.

   

 

Pros and Cons

 

What makes Ref Wayne stand out among South African traders?

Ref Wayne is known for his leadership in the local forex community. He blends trading advice with motivational speeches, promoting entrepreneurship and financial freedom.

What kind of followers benefit from Ref Wayne’s page?

Aspiring traders and entrepreneurs looking for mindset shifts, self-belief, and motivational content rooted in the forex world gain value from his posts.

Should You Copy Forex Trades From Instagram?

No. Following a forex trader on Instagram is very different from having a complete trading plan. Blindly copying someone's entry can cost you money, even when the original trader makes a profit.

A screenshot leaves out a lot. You usually don't know:

• exactly when the position was opened
• how much money was at risk
• whether part of the position was closed earlier
• whether losing trades were deleted
• how many other setups failed that week
• whether the account shown is demo or live
• whether the result can be independently verified

You might also enter five minutes later at a completely different price. On gold or NASDAQ, five minutes can be a very long time.

Instagram works much better as a place to find trading ideas and study other people's analysis than as a trading system.

How to Spot a Good Forex Instagram Account

Follower count is a poor place to start.

Look for people who explain why they're considering a trade.

Useful accounts tend to talk about things such as market structure, entries, stops, risk, invalidation, and what happened when an idea failed.

Be cautious when almost every post is about:

• luxury cars
• huge profit screenshots
• guaranteed returns
• extremely high win rates
• pressure to deposit money immediately
• account-management offers
• promises of getting rich quickly
• expensive signals with no clear methodology

Losses are normal in trading.

Someone who can show you a losing setup and explain what went wrong may teach you more than a feed where every trade somehow hits take-profit.

Are Instagram Forex Traders Regulated?

Posting forex content on Instagram doesn't automatically make someone a regulated financial adviser.

A person can trade their own money, discuss charts, or share general educational content without necessarily providing a regulated financial service.

The situation becomes more serious when someone starts giving regulated financial advice, acting as an intermediary or handling other people's money.

In South Africa, the Financial Sector Conduct Authority (FSCA) oversees regulated financial-services activities.

If someone wants you to hand over money, let them manage your account or act on financial advice they're giving you, check their regulatory status first.

A blue tick, 300,000 followers and an expensive car do not amount to a financial-services licence.

Forex Influencer vs Forex Trader

A forex trader and a forex influencer aren't necessarily the same thing.

A trader participates in the currency market.

An influencer creates content around trading.

Someone can obviously do both, but one doesn't prove the other.

An Instagram account with 500,000 followers tells you that the person has built an audience. It doesn't tell you whether their trading has been profitable over the last three years.

The reverse is also true. A very good trader may have 400 followers and no interest in making Reels.

 

Trading and content creation are different skills.

Conclusion

South Africa has a large and very visible forex community on Instagram, and there are some useful accounts if you know what you're looking for.

Jason Noah is a good fit if you prefer active day-trading content.

Lesiba Mothupi is one of the stronger choices if you want education and more discussion about the process behind trading.

Nkateko Roshny Mathebula makes more sense if you spend most of your time watching gold, NASDAQ or US30.

Kgopotso Mmutlane, Mkokeli Mampofu and Ref Wayne offer different views of South Africa's trading and entrepreneurship scene.

Ashirus Monhla remains highly visible as well, although readers should be aware of the FSCA's historical 2021 warning rather than seeing his profile without that context.

The main point is simple: don't make Instagram your trading strategy.

Follow traders to see how they think. Study the charts. Question the setups. Pay attention when they're wrong as well as when they're right.

Then make your own decision.

Editorial note: Instagram handles, follower counts, and posting activity can change quickly. Check each account again immediately before publication.

Risk warning: Forex and CFD trading carries substantial risk and can result in the loss of your capital. Social-media content isn't a replacement for your own research or appropriately regulated financial advice.

You might also like:

• Best Forex Traders to follow on Twitter
• Best Forex Traders to Follow on Facebook
• How to Start Online Trading
• Best Ways to Make Money Online Right Now in South Africa
• Forex Trading in South Africa – For Beginners

Frequently Asked Questions

 

Can You Trust Forex Traders on Instagram?

Some are legitimate. Real traders share education, losses, strategies. Scams everywhere though. Watch for red flags—guaranteed profits, pressure to buy courses, vague credentials. Research their history. Check if they're regulated. Avoid sending money to random DMs. The legit ones don't need your upfront cash. They make money from trading, not selling hype to beginners.

Why Is Instagram So Popular for Forex Traders?

Visual platform. Quick updates. Charts look good. Easy to build community. Traders share wins, motivation, daily analysis. It's casual, personal, relatable. People scroll Instagram more than they read blogs. Hashtags work. Engagement is high. Instagram stories, reels—all perfect for showing trading content without fancy production. That's why everyone's there hustling.

What Are the Rules of Forex Trading?

Rule one: never lose money you can't afford to lose. Rule two: don't forget rule one. Protect capital first. Profit second. Manage risk obsessively. Use stop losses. Never overleverage. Test strategies before going live. Keep emotions out. Document your trades. Most traders lose because they ignore discipline. Boring rules beat excitement every single time.

Can You Make a Living From Forex Trading?

Yes, but it's hard. Takes years. Requires discipline, skill, emotional control. Most traders lose money first. Consistency beats luck. You need proper risk management, proven systems, realistic expectations. It's not gambling—it's a business. Some traders do it full-time and succeed. Most burn out. Start part-time while learning. Build slowly. Prove profitability first.

Should I Copy Trades from Instagram Traders?

No. Don't copy blindly. That's dangerous. What worked for them might not work for you. Markets change. Your risk tolerance differs. Leverage varies. Timing matters. Instead of copying, learn their logic. Understand why they entered, where they exit, how they manage losses. Use their education as foundation. Build your own system. Your account, your responsibility.

How Do Forex Traders Make Money on Instagram?

Multiple streams. They trade themselves—that's main income. They also sell courses, mentorships, signal services. Some get sponsorships from brokers. Affiliate links. Coaching packages. But real traders? They make money from trading, not primarily from selling stuff to followers. Instagram is secondary. If someone's main income is selling courses, that's a yellow flag. Trading pays the bills.

What Should I Look for in a Forex Trader to Follow?

Track record matters. Years of consistency. They show both wins and losses. No guarantees. They explain their reasoning. Engagement with followers—real answers, not generic responses. Credentials visible. Regulated or backed by real brokers. Community feedback. Do other traders respect them? Stay away from hype, promises, pump language. Good traders speak realistically about markets being unpredictable.

Is Following Forex Traders a Shortcut to Profits?

No. It's education at best. Following traders helps you learn concepts, avoid mistakes, understand mindset. But watching someone trade isn't trading yourself. You still need practice. Still need losses to learn. Still need discipline. Following good traders accelerates learning—maybe saves you money on bad early trades. But shortcuts don't exist. Put in the work. Practice. Demo accounts first.

How Often Should I Check Instagram Forex Accounts?

Daily? Probably overkill. Few times weekly works. Check enough to stay informed, not obsessed. Social media addiction kills trading. You need focus, not distraction. Set schedule—maybe check every few days. Read their analysis. Learn the concepts. But don't get caught in endless scrolling or FOMO. Real traders spend more time analyzing charts than scrolling Instagram. Balance is crucial.

Are South African Forex Traders Better to Follow?

Being local helps—they understand ZAR, local brokers, your market challenges. But skill trumps location. A great trader from anywhere beats a mediocre local trader. Follow whoever teaches best, shows real results, speaks honestly. South African traders offer relatability. But don't follow someone just because they're local. Check their actual credibility, education quality, community respect first.

 

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