Over 80% of TikTok forex advice misleading – new study finds

A study by BrokerChooser found that up to 80% of forex trading advice on TikTok is potentially misleading, lacking transparency and proper trading context.
Only 6% of videos encouraged research and due diligence, while many promoted lavish lifestyles without explaining the risks or how wealth was attained.
One in five videos promoted products or services without clear disclosures, and most content came from creators without verifiable credentials.
The study warns retail traders against relying on TikTok for financial education and advises seeking regulated and accredited sources instead.