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    Home » Target Trading Review: Who Is Behind This Scam Broker
    Overview of scam broker Target Trading
    Fraudulent Brokers
    FinTopiAuthorBy FinTopiAuthorMarch 26, 2023Updated:June 14, 2023No Comments5 Mins Read

    Target Trading Review: Who Is Behind This Scam Broker

    Is Target Trading a scam? They operate completely offshore and follow just enough regulations to give the appearance of legitimacy. However, our Target Trading review reveals that this broker should be avoided. It is a scam and poses a significant risk.

    We were easily able to open an account but found a lackluster and unprofessional user interface that did not instill confidence. Sadly, this was not unexpected.

    The real shock came when we discovered that no trading software was available, not on the user portal or website. This renders the advertised trading conditions meaningless. 

    Leverage1:50
    RegulationNo
    Headquarters1314 CH Almere, Netherlands
    Minimum Deposit$5000
    Review Rating1/5
    Broker TypeFX
    Platformsweb trader
    Spread3

    Table of Contents

    • Security and Regulation at Target Trading
    • Trading Software Available at Target Trading
    • Target Trading Deposit and Withdrawal Options
    • How Do Offshore Brokers Execute the Scam?
    • The Best Brokers for Forex
    • Target Trading Summary
    • FAQs About Target Trading Broker

    Security and Regulation at Target Trading

    This fake company claims it is based in the Netherlands, but this is highly doubtful. The Netherlands, as a member of the EU, has strict market regulation administered by the AFM, which requires all firms operating on the Dutch markets to have a license. 

    There is no mention of a license from the AFM, so it is unlikely that Target Trading is a regulated company. Additionally, the advertised leverage of 1:50 exceeds the 1:30 limit set for EU retail clients.

    It is more likely that this firm is located in one of the numerous offshore territories with lax regulations. This makes it easy for anyone to set up and operate with almost no oversight. Dealing with such a company is extremely hazardous and not recommended.

    Trading Software Available at Target Trading

    Target Trading Overview

    No trading platform was found on this site. This is sad but true. The so-called firm claims to offer a web trader. 

    Yet, there was no way to access it from the site or through the user area after opening an account. Keep in mind that it is more likely that the broker does not have a platform. It is misrepresenting its offerings on the website.

    You should choose brokers that use MT5 trading software. MetaTrader 5 (MT5) is a widely used trading platform for FX and stock trading. Developed by MetaQuotes Software Corp, it’s the successor to the popular MetaTrader 4. Moreover, it offers a range of cool features for both beginner and professional traders.

    Target Trading Deposit and Withdrawal Options

    In the user area, the following payment methods were listed: cards, wire transfers, and cryptocurrency wallets. Still, the crypto wallet option led to an error page, and the other options only indicated that the request was being processed without providing further information. This vague and bogus payment process is a clear sign of a scam broker.

    Withdrawals were stated to use the same methods as investments, mentioning withdrawal fees without specifying specific values. This lack of transparency and details about fees and commissions is another reason to avoid this scam.

    Investing in this scam broker is a bad idea, as all funds are at risk of being lost and potentially stolen.

    How Do Offshore Brokers Execute the Scam?

    Scammers create fake broker websites to trick people into thinking they’ve invested money. If you give them your details, they’ll keep calling to convince you to let them handle your investments. However, you won’t make any profits. 

    Withdrawing money is often impossible, and the terms and conditions are confusing, with high minimum trading volumes and hidden addresses and names. They often operate through offshore firms and vanish into thin air once withdrawal conditions are met. You should know that scams can happen to anyone, so don’t be embarrassed to report them.

    Note: You should be aware of one thing. Leverage is a double-edged sword that can amplify potential profits and increase potential losses in trading. It’s critical to know that there are many risks associated with it. This is the unwritten rule. 

    The Best Brokers for Forex

    Take a look at the following table that we created for you. It has some details about the most reliable forex brokers in the industry. Make sure to take a look at them now! 

    BrokerCountryRatingMin. DepositWebsite
    FXTM BrokerCyprus, UK, Mauritius4.5$10Forextime.Com
    OctaFX BrokerCyprus, SVG4.4$100OctaFX.Com
    FP Markets BrokerAustralia, Cyprus4.7$100FpMarkets.Com
    XM BrokerCyprus, Belize, Australia4.7$5XM.Com
    HFM HF Markets BrokerCyprus, UK, South Africa, UAE, Kenya4.3$5HFM.Com
    FBS BrokerCyprus, Belize, Marshall Islands4.85$100FBS.Com

    Target Trading Summary

    So, here comes the end of our Target Trading review. We had just one goal in mind: to save as many investors as possible from losing their funds. It is critical to avoid fake companies such as Target Trading. These bogus firms have many tricks to fool you.

    They will trick you into losing time, money, and nerves. Please be cautious and choose to trade with a reputable financial company. 

    FAQs About Target Trading Broker

    Is Target Trading Trustworthy Broker?

    No. This broker is not trustworthy at all. It has all the characteristics of a trading scam.

    Is my Money Safe with Target Trading?

    Since this is a broker scam, your money is not safe with this company. Stay away from it. 

    How Long Does it Take to Withdraw From Target Trading?

    It is uncertain how long it takes to withdraw your funds as nobody was able to do so.

    Scam Broker Target Trading Target Trading Reviews Target Trading Scam Trading Scam

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    FinTopiAuthor
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    The FinTopiAuthor, who prefers to remain anonymous for now due to privacy reasons, has a bachelor’s degree in finance and over 10 years of experience in financial planning and bank loans. For the last 3 years, they’ve been working as a freelance copywriter in the niche of financial products, investing, and money lending, with the special attention to pros and cons of different loan types. Besides an interest in financial topics, they’re keen on traveling and various adventures.

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    Table of Contents

    Table of Contents

    • Security and Regulation at Target Trading
    • Trading Software Available at Target Trading
    • Target Trading Deposit and Withdrawal Options
    • How Do Offshore Brokers Execute the Scam?
    • The Best Brokers for Forex
    • Target Trading Summary
    • FAQs About Target Trading Broker

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