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Target Trading, promoted as a gateway to online trading, is an unregulated offshore broker that may present more risks than opportunities for traders. Specifically aimed at beginner traders seeking low-cost entry points into forex, commodities, and indices, it entices clients with its promises of trading ease and variety. However, the proposed benefits are overshadowed by a high minimum deposit of $5,000, wide spreads, and a lack of transparency and regulatory oversight. This review outlines crucial risks associated with Target Trading, emphasizing that risk-averse investors and those prioritizing fund safety should steer clear. Before investing, potential clients must weigh the apparent benefits against significant hazards that could result in substantial financial loss.
Engaging with Target Trading poses substantial risks. Consider the following before proceeding:
If you are considering using Target Trading, here are steps to verify its legitimacy:
| Dimension | Rating | Justification |
|---|---|---|
| Trustworthiness | 1/5 | Unregulated and lacks transparency. |
| Trading Costs | 2/5 | High minimum deposit and hidden fees. |
| Platforms & Tools | 1/5 | No reliable trading software available. |
| User Experience | 1/5 | Unprofessional interface with no demo accounts. |
| Customer Support | 2/5 | Limited support options and slow response times. |
| Account Conditions | 1/5 | High entry costs with no segregated accounts. |
Target Trading claims registration in Almere, Netherlands; however, this assertion is questionable. The Netherlands maintains strict regulations overseen by the AFM, which requires brokers operating within its territory to possess a license. Currently, there is no evidence confirming that Target Trading holds such permission, nor does it offer the level of safety and security that regulated entities must provide. This suggests that clients' funds may not be adequately safeguarded. Furthermore, the firm's claim of operating under the EU's regulatory umbrella is questionable, indicating it likely operates offshore, beyond the reach of stringent regulatory oversight.
Target Trading purports to present various trading options including forex, commodities, indices, and ETFs, claiming leverage of up to 1:50. However, these claims should be viewed with skepticism. No actual trading platform has been verifiably seen in action by reviewers. The brokers high spreads (various reports indicate spreads of up to 3 pips) suggest low profitability, diminishing the appeal of any asset categories offered.
| Key Detail | Information |
|---|---|
| Regulation | Unregulated |
| Minimum Deposit | $5,000 |
| Leverage | 1:50 |
| Major Fees | High withdrawal fees |
| Demo Account | Not available |
The trustworthiness of Target Trading is severely compromised due to its unregulated status. There are multiple reasons to question its legitimacy:
The cost structure at Target Trading can be described as having pitfalls hidden within its allure:
It's vital to be suspicious of high or obscure withdrawal fees, as these can serve as deterrents to clients attempting to reclaim their funds.
Target Trading lacks reliable platforms and essential trading tools:
The user experience reads as minimal and unprofessional:
Target Trading's customer support proves to be another area of concern:
Account conditions at Target Trading raise several alarm bells:
Investing with Target Trading presents ominous risks that far outweigh potential benefits. Given its unregulated status, high minimum deposit requirements, dubious claims concerning operating location and software reliability, it is evident that Target Trading is positioned more as a potential trap than an opportunity. Readers are strongly advised to conduct thorough research and exercise caution when considering any engagement with this broker. For those seeking a reputable trading environment, alternatives with verified regulatory oversight and positive user feedback should be prioritized.
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