TargetFX Forex Broker

TargetFXReview SummaryFounded2019Registered Country/RegionSaint LuciaRegulationUnregulatedMarket InstrumentsCFDs on Currency Pairs, Spot Metals, Cryptocurrencies, Spot Energies, Indices, and SharesDemo Account✅LeverageUp to 1:500SpreadFrom 1.5 pips (Standard account)Trading PlatformMT5Min Deposit$50Customer SupportTel: +44 151 528 9797Email: support@targetfx.com, sales@targetfx.comAddress: 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 ConsProsConsVarious trading optionsNot regulatedDemo accountsUnspecified withdrawal feesMultiple account typesCommission-free accounts offeredMT5 supportedPopular payment optionsLow minimum depositIs 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 TypeMin DepositStandard$50Pro$2,000ECN$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 TypeSpreadCommissionStandardFrom 1.5 pips❌ProFrom 1 pip❌ECNRaw$8Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Windows, Android and IOSExperienced tradersMT4❌/BeginnersDeposit 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 OptionProcessing TimeBank transfer3-5 business dayse-paymentInstant