TargetFX Review — Overview
TargetFX is a forex & CFD broker based in Australia, established in 2019. On Trust Broker Hub it holds a Trust Score of 2.9 out of 10, which we rate as Poor — below the 4.9/10 average for brokers that hold a verified licence. High-risk profile — proceed only with caution and small amounts.
We could not verify any regulatory licence for TargetFX. Trading with an unregulated broker is high-risk — your funds are not protected by any authority, and there is no official body to turn to if withdrawals are blocked or the broker disappears. We strongly recommend a regulated alternative from the list on this page.
TargetFX provides access to CFDs on Currency Pairs, Spot Metals, Cryptocurrencies, Spot Energies. Published conditions include a minimum deposit of $50 and leverage up to 1:500. No complaints are currently on record. Overall, TargetFX carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.
Trust score breakdown
How is this calculated?Trust Score history
TargetFX currently scores 2.9/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- No unresolved complaints on record
- Live website and reachable support channels
- Listed in our verified broker directory
Cons
- No verified regulatory licence on record
- Always verify the licence directly before depositing
Regulation
No regulatory licence on record for TargetFX. Treat with caution and verify before depositing.
MetaQuotes registry
- Registration number
- 2024-00168
- Registered address
- Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
- Offices
- Saint Lucia
- Status (per MetaQuotes)
- Non-regulated
- Website
- www.targetfx.com
- support@targetfx.com
- Abuse reports
- support@targetfx.com
- Phone
- +1 7584857529
Company details come from the broker's listing in MetaQuotes' MetaTrader 5 directory. A MetaQuotes listing is not a regulatory licence; see the Regulation section above for verified licences.
Trading conditions
| Instruments | CFDs on Currency Pairs, Spot Metals, Cryptocurrencies, Spot Energies, Indices, and Shares |
| Minimum deposit | $50 |
| Maximum leverage | 1:500 |
| Typical spread | From 1.5 pips (Standard account) |
| Platforms | MT5 |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on TargetFX
High-risk profile
TargetFX does not hold a verified regulatory licence on record. Based in Australia, it has been operating for about 7 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 2.9/10 — a high-risk profile.
- Operating for 7 years
- No complaints on record with us
- Supports MT5 trading
- Accessible minimum deposit ($50)
- No verified regulatory licence on record — funds may lack protection
- Very high leverage available (1:500) — amplifies risk
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
TargetFX — Questions & Answers
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