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TARGETFX

Moderate riskForex / CFD broker
🇱🇨 Saint Lucia · 2-5 years · since 2024-05-08 · TargetFX Limited
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
$50
Min. deposit ›
1:500
Max leverage ›
3
Account types ›
49/100
Scam risk ›
0
Clone sites ›
Accounts: Standard · $50Pro · $2000Ecn · $5000
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX2.03/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from TARGETFX? Our free assistant writes up your case and shows exactly what to do next →
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No sign that TARGETFX actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
49
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Lucia (offshore, light oversight)
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameTargetFX Limited
Headquarters🇱🇨 Saint Lucia
Founded2024-05-08
Years operating2-5 years
Employees0
Official websitetargetfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Ground Floor, La Place Creole Building, Rodney Village, Gros-Islet, Saint Lucia.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Standard1:500$501.5--✓
Pro1:500$20001--✓
Ecn1:500$5000--8$✓

Review analysis AI

TargetFX is an unregulated broker based in Saint Lucia, offering high-leverage retail forex and CFD trading. The absence of regulatory oversight presents significant risk, and traders should exercise extreme caution. With a guarded risk score of 49/100, we recommend only risk-tolerant, experienced traders consider this broker after thorough due diligence.

Best for
  • Traders seeking high leverage up to 1:500
  • Experienced traders comfortable with unregulated brokers
  • Those interested in ECN account structures with raw spreads
  • Partners and Introducing Brokers looking for commission programs
Not for
  • Beginners or traders who prioritize regulatory protection
  • Traders requiring low minimum deposits for Pro or ECN accounts
  • Investors in jurisdictions with strict forex regulations
  • Traders seeking a long-established broker with a track record
Period:

Real user reviews

Where TARGETFX operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇳 India

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What TARGETFX says about itself as stated by the broker · not independently verified by FXCanary

Company Background

According to its official website, TargetFX was founded in 2019 by a team of professionals with industry experience since 2005. The broker states it has 'successfully stamped our footprint in world of trading especially in IB Program.' It claims to provide a trusted and leading global brokerage service.

Account Types

The website lists three live account tiers: Standard (minimum deposit $50, spread 1.5 pips, zero commission), Pro (minimum deposit $2,000, spread 1 pip, zero commission), and ECN (minimum deposit $5,000, raw spreads, $8 commission per round turn). All accounts offer leverage up to 1:500 and use the MetaTrader 5 platform. Demo accounts are also available.

Trading Instruments and Platforms

TargetFX states it provides CFDs on forex, spot metals, cryptocurrencies, spot energies, indices, and shares. It supports both MetaTrader 5 and MetaTrader 4 platforms, which the broker describes as 'secure' and 'packed with a supreme set of features for trading Forex, stocks, and futures.'

About TARGETFX

Overview

TargetFX is a forex and CFD broker registered in Saint Lucia, claiming to have been established in 2019. The broker operates from physical addresses in Saint Lucia and Dubai, UAE. It is not regulated by any known financial authority, a fact that traders should carefully consider before opening an account.

TargetFX targets retail traders across different experience levels, offering three live account types with varying minimum deposit requirements. The broker's website highlights its Introducing Broker (IB) program, which may appeal to those looking for partnership opportunities.

Regulation and Safety

Our review found no evidence of active regulatory oversight. The broker is registered in Saint Lucia, which is not a jurisdiction with stringent forex regulations. The company's 'License & Certification' page (visible on the website) may contain claims, but no verified regulatory licences were identified in public registries.

Traders should be aware that dealing with an unregulated broker means limited recourse in case of disputes. FXCanary's Scam Risk Score of 49/100 (Guarded) reflects this lack of oversight, alongside the broker's recent establishment.

Account Types and Trading Conditions

TargetFX offers three main account types: Standard, Pro, and ECN. The Standard account requires a $50 minimum deposit and offers spreads from 1.5 pips with no commission. The Pro account requires $2,000 minimum deposit and spreads from 1 pip, also commission-free. The ECN account, designed for more experienced traders, requires $5,000 and charges $8 per round turn with raw spreads.

All accounts support maximum leverage of 1:500 and use MetaTrader 5 (or MetaTrader 4). Margin call is set at 100% and stop out at 30% across all tiers. These conditions are typical for high-risk retail brokers.

Platforms and Instruments

The broker provides the widely-used MetaTrader 5 and MetaTrader 4 platforms, offering advanced charting tools and automated trading via Expert Advisors. Trading instruments include CFDs on currency pairs, spot metals, cryptocurrencies, spot energies, indices, and shares.

This range covers major asset classes but is not exceptional compared to other retail brokers. The emphasis on MT5 suggests a focus on modern multi-asset trading.

Customer Support and Accessibility

TargetFX lists contact details including phone numbers (+44 151 528 9797 and +971 043 929 927) and email addresses (support@targetfx.com and license@targetfx.com). Physical offices are stated as Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and 407, Business Village, Port Saeed, Dubai, UAE.

The broker also has a presence on social media platforms such as Facebook, Instagram, LinkedIn, and YouTube. However, given the lack of regulatory scrutiny, the reliability of these support channels for dispute resolution remains uncertain.

Overview compiled by FXCanary from regulatory records and public data. full TARGETFX review