Basic Information
Registered Region 
Saint Lucia
Saint LuciaOperating Period
1-2 years
Company Name
TargetFX Limited
Customer Service Email Address
support@targetfx.com
Contact Number
+443812382979
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
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9
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9
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1
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9
/10
TargetFX
Saint Lucia
|
1-2 years
|
ECN Account
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.targetfx.com/
Website
Rating Index
Influence
Influence
D
Influence index NO.1
India 2.60Surpassed 12.90% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+44 3812382979
support@targetfx.com
https://www.targetfx.com/
Ground Floor, La Place Creole Building, Rodney Village, Gros-Islet, Saint Lucia.
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Account
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
News
Wiki Q&A
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1:500
- SupportedEA
- Minimum Deposit$50
- Minimum Spread1.5
- Depositing Method--
- Withdrawal Method--
- Minimum Position--
- Commission--
- Products--
Updated：
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Official website
Website
targetfx.com
88.99.164.225Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
TARGETFX, INC.(Georgia (United States))
Deregistered
United States
Registration No. 0005916
Established
Related sources Website Announcement
Employees
Karla Startup
Agent
Address
143 Dawn St, Newnan, GA, 30263, United States
TARGETFX, INC.(Georgia (United States))
K STARTUP
Chief Executive Officer
Start date
Status
Employed
TARGETFX, INC.(Georgia (United States))
K STARTUP
Chief Financial Officer
Start date
Status
Employed
TARGETFX, INC.(Georgia (United States))
Company Summary
| 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 and Cons
| 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 |
Is TargetFX Legit?
No, TargetFX is not regulated by any reputable financial body. Please be aware of the risk!
What Can I Trade on TargetFX?
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 | ❌ |
Account Type
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.
Leverage
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.
Spread and Commission
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
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, Android and IOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
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 |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
Exposure Should You Invest in TargetFX? Let's know about it
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.
Wiki Q&A
sweetosh 
1-2 years
How much do I need to deposit to start trading with TargetFX?
TargetFX allows me to start trading with just $50 for a Standard account, which is low and great if I want to get my feet wet in the market without committing a large sum. However, if I choose the Pro or ECN accounts, the minimum deposit is much higher, at $2,000 and $5,000 respectively.
Broker Issues
Deposit
Withdrawal
08-07
United States
qirhost
1-2 years
How safe is it to trade with TargetFX?
In my opinion, trading with TargetFX isn't very safe. The lack of regulation exposes me to significant risks. As a trader, I prefer platforms with regulatory oversight to ensure that my funds are protected and that the broker follows strict financial standards.
Broker Issues
Regulation
08-05
United States
Razzie87
1-2 years
Are there any withdrawal fees at TargetFX?
TargetFX has unspecified withdrawal fees, which makes me cautious. While it’s great that they offer multiple withdrawal methods, the lack of transparency on fees could lead to unexpected costs when I decide to withdraw my funds. I would make sure to check the fees for my chosen withdrawal method beforehand.
Broker Issues
Fees and Spreads
07-26
United States
Mohammed Mazhar
1-2 years
How long does it take for TargetFX to process a withdrawal?
TargetFX processes withdrawals via bank transfer in 3-5 business days, which is typical for many brokers. However, if I use e-payment methods like Skrill or Neteller, my withdrawal will be processed instantly, which I find convenient for quicker access to my funds.
Broker Issues
Withdrawal
Deposit
07-26
United States
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