Global Target FX Review – Is Investing in globaltargetfx.io Safe?
Global Target FX can seem to provide legitimate trading options, but closer inspection raises significant doubts regarding the authenticity of the platform. Even if some traders might discover this broker advertised in online forums or social media, discretion is highly recommended. Our Global Target FX review discloses disturbing information that prospective investors cannot ignore.
About Global Target FX
Company Name – Global Target FX
Website – http://www.globaltargetfx.io/
Address – Quai de l’Ile 13, 1204 Geneva
Regulatory Warning – Swiss Financial Market Supervisory Authority (Switzerland) – (FINMA)
Domain Blacklisted Status –It seems there is no direct mention of this domain being on a blacklist.
Is Global Target FX Legit?
The short answer is no. According to available data and warnings released by regulatory bodies, Global Target FX does not seem to be a legitimate or reliable broker. The FINMA has officially warned against this firm. This indicates the broker is running without a valid license or regulation, so your investments are exposed and unprotected.
Key Red Flags to Consider
Here are some alarming issues found during our Global Target FX review:
- Website Down: The official site globaltargetfx.io is not operational.
- No Valid Regulation: It has been confirmed that the broker does not possess any legitimate regulation or license from reliable regulators.
- Low WikiFX Score: The broker has a WikiFX rating of 1.01/10, which is in the “Danger” category.
- Poor Trust Score: This platform has very little credibility with a TrustScore of just 1/100.
- Negative Reviews: The majority of reviews on Trustpilot (3.5 rating) are negative, indicating user dissatisfaction.
- No Trading Software: There is no confirmed trading platform or software offered, which is not typical of a genuine broker.
- WHOIS Info Hidden: The identity of the owner is concealed, and the domain is extremely young.
- Unusual Review Activity: The site has numerous reviews even though it was recently created — a typical characteristic of scam operations.
Final Verdict
In conclusion, Global Target FX lacks transparency, regulation, and trust — all of which are critical for a reliable broker. Based on this Global Target FX review, it is best to avoid investing any funds with this company. The risks far outweigh any potential rewards.
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About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
