Podcaster Chaxy has sparked conversation after questioning claims by popular forex trading mentors, including Onyango Tate, that they have helped people make millions through forex trading.
Speaking during a recent episode of the Mic Cheque podcast, Chaxy challenged the industry to produce successful students who could publicly testify about the wealth they had accumulated through the mentorship programmes.
“If by now Onyango Tate and other forex traders can actually show you how to make millions of money as they claim, there should be people coming forward to share their success stories. Have you ever seen even one?”
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The remarks quickly circulated across social media, where users debated whether the growing number of forex mentors had produced enough visible success stories to support the claims often made in promotional content.
Chaxy’s comments come as forex trading continues to attract thousands of young Kenyans through online courses, mentorship programmes and social media platforms.
Several traders have built large followings by showcasing luxury lifestyles, expensive vehicles and motivational content while encouraging others to learn the trade.
thatguychaxy // Instagram
Although forex trading is a legitimate financial market, financial regulators have consistently cautioned that it carries substantial risk and that profits are never guaranteed.
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The Capital Markets Authority (CMA) has repeatedly advised members of the public to carry out due diligence before paying for investment courses or responding to promises of high returns.
Mixed reactions online
The podcast clip generated hundreds of reactions, with many users appearing to agree with Chaxy’s observations.
User @munyion wrote:
“I second him.”
Another user, @badgirlcashina_, commented:
“Imagine having seen no one 😂😂”
Some users responded by referencing Onyango Tate’s popular catchphrase.
@iamgeraldkimath replied:
“Stay guided.”
thatguychaxy // Instagram
Others questioned how successful forex traders invest the wealth they claim to have accumulated.
User @ruth.bee wrote:
“Also, why are they not investing in lands, apartments, shares or bonds, just phones and cars 😯.”
Humour also featured prominently in the discussion.
@yob_.i joked:
“Wako kuanza ku script guys this is my successful student 😂😂😂.”
Meanwhile, @gabby_pokie added:
“What they are doing will make them ashamed to tell 😂😂.”
Debate continues
Chaxy’s remarks have added to the ongoing public conversation surrounding the credibility of online forex mentorship.
While some users defended professional trading as a legitimate financial activity that requires skill, discipline and experience, many who reacted to the podcast agreed with Chaxy’s central question: if the methods consistently produce millionaires, where are the people publicly sharing those success stories?
thatguychaxy // Instagram
The discussion continues to generate reactions online, with supporters and critics offering differing views on the realities of forex trading and mentorship.
