Score
2-5 yearsQuestionable Regulatory License
White label MT5
Global Business
High Potential Risk
Influence
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Score
Regulatory Index0.00
Business Index5.65
Risk Management Index0.00
Software Index7.93
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
TargetFX Limited
Company Abbreviation
TARGETFX
Platform registered country and region
Saint Lucia
Company website
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YouTube
Company summary
Pyramid scheme complaint
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| TargetFXReview Summary | |
| Founded | 2019 |
| Registered Country/Region | Saint Lucia |
| Regulation | Unregulated |
| Market Instruments | CFDs on Currency Pairs, Spot Metals, Cryptocurrencies, Spot Energies, Indices, and Shares |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $50 |
| Customer Support | Tel: +44 151 528 9797 |
| Email: support@targetfx.com, sales@targetfx.com | |
| Address: Ground Floor, La Place Creole Building, Rodney Village, Gros-islet, Saint Lucia.407,Business Village, Port Saeed, Dubai, UAE | |
Based in Saint Lucia, TargetFX is an unregulated forex broker that was established in 2019. TargetFX provides various financial products to trade via the MT5 platform, including CFDs on Currency Pairs, Spot Metals, Cryptocurrencies, Spot Energies, Indices, and Shares. Demo accounts are available and the minimum deposit requirement to open a live account is as low as $50.
| Pros | Cons |
| Various trading options | Not regulated |
| Demo accounts | Unspecified withdrawal fees |
| Multiple account types | |
| Commission-free accounts offered | |
| MT5 supported | |
| Popular payment options | |
| Low minimum deposit |
No, TargetFX is not regulated by any reputable financial body. Please be aware of the risk!
TargetFX offers 270 trading instruments amongst 6 asset classes, including CFDs On Currency Pairs, Spot Metals, Cryptocurrencies, Spot Energies, Indices, and Shares.
Spot Metals: Gold, Silver, And Platinum.
Spot Energies: UK Brent Oil, US Crude Oil, US natural gas etc
Shares: Trading online in Malaysia on popular shares like Amazon, Apple, and Facebook.
Indices: The FTSE 100, Dow Jones, The DAX, NASDAQ 100, Nikkei 225, CAC 40, etc.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Currency Pairs | ✔ |
| Spot Metals | ✔ |
| Cryptocurrencies | ✔ |
| Spot Energies | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
TargetFX offers three accounts to choose from, including Standard, PRO and ECN accounts.
| Account Type | Min Deposit |
| Standard | $50 |
| Pro | $2,000 |
| ECN | $5,000 |
Besides, it also sets up demo accounts for traders to practice trading with virtual credit.
TargetFX provides leverage up to 1:500 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
TargetFX offers different spreads and commissions according to different account types.
| Account Type | Spread | Commission |
| Standard | From 1.5 pips | ❌ |
| Pro | From 1 pip | ❌ |
| ECN | Raw | $8 |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, Android and IOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
TargetFX accepts Bank transfer and e-payment like Skrill, Neteller and Cryptos as payment methods. TargetFX charges withdrawal fees based on the chosen method, but not specified.
| Payment Option | Processing Time |
| Bank transfer | 3-5 business days |
| e-payment | Instant |
Understand TargetFX regulation and safety. This broker is currently unregulated with a low WikiFX score, presenting a high potential risk for Forex traders.
WikiFX
TargetFX is a forex broker that appears almost perfect, attracting traders eager to invest with it. However, this is the real-life story of a user who ultimately became a victim. Let’s explore what happened to them and uncover the risks involved.
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