Global Target FX has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I joined Global Target FX after reading several online reviews and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Customizable dashboard|Multi-currency support
Cons: Help articles are sometimes vague|Cannot customize dashboard fully
I signed up with Global Target FX after doing extensive research and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Segregated accounts|Social trading features|Clear documentation
Cons: No fractional shares|No integrated tax optimization
The hidden fees at Global Target FX are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Automated trading options|Responsive team
Cons: Withdrawal takes 1-2 business days
Do not be fooled by the professional-looking website. Behind the scenes, Global Target FX is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Clean UI|Helpful community forum|Demo account available|No hidden fees
Cons: Cannot customize dashboard fully|Onboarding videos are outdated