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.
After spending for close to eighteen months trying to make GlobalTargetFX work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Stable platform|Regular updates
Cons: No live chat on mobile|Minimum deposit could be lower
GlobalTargetFX locked my account without warning and demanded documents I had already submitted. for the past six months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Customizable dashboard|Fast support response
Cons: Wait times can be long during peak hours|Desktop app not available on Linux
Several red flags with GlobalTargetFX: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services and Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
GlobalTargetFX changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Demo account available|Good analytical tools|Comprehensive tools
Cons: Limited ETF selection
GlobalTargetFX offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Excellent charting|Fast deposits|Educational resources|Multi-device support
Cons: Spreads widen during volatile periods|Limited cryptocurrency options