GlobalTargetFX has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to GlobalTargetFX. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Easy to use platform|Portfolio tracking tools|Detailed reporting|Multi-device support
Cons: No live chat on mobile
What really bothers me about GlobalTargetFX is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Excellent charting|Stable platform
Cons: Would like more payment methods|Nothing significant
GlobalTargetFX has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Social trading features|Fast deposits
Cons: No dark mode on mobile
I am in a dispute with GlobalTargetFX over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Low minimum deposit|Demo account available
Cons: Onboarding videos are outdated|Spreads widen during volatile periods
The only good thing about GlobalTargetFX is that they remind you why regulation matters. I found them through word of mouth in my investment club. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Good analytical tools|Copy trading available|Fast support response
Cons: Desktop app not available on Linux|Currency conversion fee exists
My withdrawal from GlobalTargetFX was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a couple of months now of being strung along.
Pros: Intuitive for beginners|Educational resources|Segregated accounts
Cons: Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that GlobalTargetFX is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After using GlobalTargetFX for a few weeks now, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Dedicated account manager|Dividend tracking|Multi-currency support
Cons: Live chat only during business hours
Opened my account with GlobalTargetFX through a financial advisor and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multi-device support|Automated trading options|Competitive fees
Cons: Cannot customize dashboard fully
The spread at GlobalTargetFX is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Easy withdrawals|Regular updates|Clear documentation|Educational resources
Cons: No dark mode on mobile|Wish they had more educational resources