Tori Dunlap and Taylor Price trail Yang with 26.9M and 21.9M followers, respectively.
A CySEC study recently found that only 31% of retail investors rely on 'finfluencers'.
Online
trading expert InvestinGoal conducted a study ranking 50 financial influencers,
often referred to as 'finfluencers', by analyzing their combined follower,
like, and subscriber count on various social media platforms. Humprey Yang and
Tori Dunlap take the top spot with a cumulative number of more than 81 million
followers, showing social media's great importance in modern finance.
Finfluencers Create
Personal Finance Trends
In recent
years, finfluencers have taken social media by storm. They have transformed the
way people approach money management and their personal investment. A recent
study shows that this is an extremely profitable AND lucrative branch of social
media.
Yang, who
has been crowned the most popular finance influencer, has accumulated 54,317,401
followers, likes and subscribers across social media, with 501,000 Instagram
followers, 3,300,000 TikTok and 49,500,000 likes on TikTok.
Financial
influencers like Yang, Dunlap and Price have gained massive followings by
providing financial advice and insights through various social media platforms.
They are breaking down complex financial concepts into easily digestible
content, making personal finance more approachable for the average individual.
Many
finfluencers cater to younger generations, focusing on financial topics that
resonate with Millennials and Gen Z. Poku Banks, for instance, is on a mission
to help young people make the most out of their money. Influencers like Josh
Rincon and Taylor Price also create content on digital money, discount hacks,
and analyzing celebrity investments.
31% of Retail Investors
Trust Financial Influencers
The younger
generation of investors is increasingly relying on advice from influencers,
including when it comes to investing their funds. As shown by a survey
conducted by the Cypriot financial markets regulator, CySEC, one in three
retail investors trusts the advice of financial influencers.
French
individuals are the most likely to seek help from self-taught advisors on
social media, with 42% of respondents admitting that they have made an
investment decision based on the tips and advice of finfluencers at least once
in their life. The lowest percentage of those interested in this form of
investment advice was found in Germany (24% of respondents). However, this
still suggests that one in four investors invested in something because a
famous person on the internet advised them to do so.
Although
such behavior is becoming more common, they are not always entirely safe and
may carry additional risks. Finfluencers derive financial benefits from
promoting various products and services, so they may accidentally (or
deliberately) encourage the use of dishonest companies' offerings or those with
signs of potential fraud, including 'get rich quick' schemes.
CySEC
warned against financial influencers last year, reminding retail investors not
to base their decisions on emotions and pressure from people considered
authorities on the internet. Instead, they should rely on rational thinking and
their own market analysis.
Love Island Contestant
Educates Finfluencers in the UK
To
counteract potential harm to retail investors, the British FCA has decided to
educate domestic finfluencers by employing one of their peers. Love Island
contestant Sharon Gaffka, a prominent social media influencer in the country
and participant in the popular British reality TV show Love Island, became the
ambassador of the FCA among financial influencers in early April. Her task is to
encourage internet personalities and their agents to identify potential
financial schemes better.
"We've
seen more cases of influencers touting products that they shouldn't be. They
are often doing this without knowledge of the rules and without understanding
of the harm they could cause their followers," said Sarah Pritchard, the
FCA's Executive Director for Markets. "We want to work with influencers so
they keep on the right side of the law, as this will also help protect people
from being shown scams or investments that are too risky."
Australia conducted a separate analysis of the financial influencer market. According to
ASIC research, 28% of young people follow at least one finfluencer on social
media, and two-thirds of them change their investment decisions based on their
content. As a result, the Australian regulator wants to introduce separate
licenses that financial influencers will need to obtain to provide their services
on social media.
Online
trading expert InvestinGoal conducted a study ranking 50 financial influencers,
often referred to as 'finfluencers', by analyzing their combined follower,
like, and subscriber count on various social media platforms. Humprey Yang and
Tori Dunlap take the top spot with a cumulative number of more than 81 million
followers, showing social media's great importance in modern finance.
Finfluencers Create
Personal Finance Trends
In recent
years, finfluencers have taken social media by storm. They have transformed the
way people approach money management and their personal investment. A recent
study shows that this is an extremely profitable AND lucrative branch of social
media.
Yang, who
has been crowned the most popular finance influencer, has accumulated 54,317,401
followers, likes and subscribers across social media, with 501,000 Instagram
followers, 3,300,000 TikTok and 49,500,000 likes on TikTok.
Financial
influencers like Yang, Dunlap and Price have gained massive followings by
providing financial advice and insights through various social media platforms.
They are breaking down complex financial concepts into easily digestible
content, making personal finance more approachable for the average individual.
Many
finfluencers cater to younger generations, focusing on financial topics that
resonate with Millennials and Gen Z. Poku Banks, for instance, is on a mission
to help young people make the most out of their money. Influencers like Josh
Rincon and Taylor Price also create content on digital money, discount hacks,
and analyzing celebrity investments.
31% of Retail Investors
Trust Financial Influencers
The younger
generation of investors is increasingly relying on advice from influencers,
including when it comes to investing their funds. As shown by a survey
conducted by the Cypriot financial markets regulator, CySEC, one in three
retail investors trusts the advice of financial influencers.
French
individuals are the most likely to seek help from self-taught advisors on
social media, with 42% of respondents admitting that they have made an
investment decision based on the tips and advice of finfluencers at least once
in their life. The lowest percentage of those interested in this form of
investment advice was found in Germany (24% of respondents). However, this
still suggests that one in four investors invested in something because a
famous person on the internet advised them to do so.
Although
such behavior is becoming more common, they are not always entirely safe and
may carry additional risks. Finfluencers derive financial benefits from
promoting various products and services, so they may accidentally (or
deliberately) encourage the use of dishonest companies' offerings or those with
signs of potential fraud, including 'get rich quick' schemes.
CySEC
warned against financial influencers last year, reminding retail investors not
to base their decisions on emotions and pressure from people considered
authorities on the internet. Instead, they should rely on rational thinking and
their own market analysis.
Love Island Contestant
Educates Finfluencers in the UK
To
counteract potential harm to retail investors, the British FCA has decided to
educate domestic finfluencers by employing one of their peers. Love Island
contestant Sharon Gaffka, a prominent social media influencer in the country
and participant in the popular British reality TV show Love Island, became the
ambassador of the FCA among financial influencers in early April. Her task is to
encourage internet personalities and their agents to identify potential
financial schemes better.
"We've
seen more cases of influencers touting products that they shouldn't be. They
are often doing this without knowledge of the rules and without understanding
of the harm they could cause their followers," said Sarah Pritchard, the
FCA's Executive Director for Markets. "We want to work with influencers so
they keep on the right side of the law, as this will also help protect people
from being shown scams or investments that are too risky."
Australia conducted a separate analysis of the financial influencer market. According to
ASIC research, 28% of young people follow at least one finfluencer on social
media, and two-thirds of them change their investment decisions based on their
content. As a result, the Australian regulator wants to introduce separate
licenses that financial influencers will need to obtain to provide their services
on social media.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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