Do you want to trade with TargoSwiss.com? Before you do that, read review to find out if TargoSwiss.com is worth the cost.
About TargoSwiss Broker
TargoSwiss is an offshore brokerage company with a lot of offers for traders. This broker claims agreement with the Laws of Commonwealth of Dominica. Also, it promises different accounting types such as Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP.
More so, the broker presents a zero spread difference in Buy/Sell.
In spite the many trading instruments TargoSwiss promises to offer, traders must know they are dealing with an unknown broker whose regulation claims are false.
This review is for you to know if the broker is worth using or not. Further, it will expose all that is needed to know about this trading platform.
See section below:
Withdrawal and Deposit
TargoSwiss Withdrawal process:
Under withdrawal policy, TargoSwiss leaves us with no specific information on withdrawal fee nor processing days on withdrawal. Truly, this broker is not legit and its fraudulent schemes are clear.
TargoSwiss minimum deposit is indicated $100. Even though this broker shows what amount to deposit, that doesn’t make it legit for traders. Any broker can likely do the same.
The broker presents payment methods such as GameChangers and PayPound. Regrettably, these options are commonly used by fraudulent brokers. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
TargoSwiss offers web based trading platform which seems easy to use for beginners as well as MT4 (Industry standard trading platforms). The presence of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. However, the broker is already a red flag for traders.
More so, leverage can get up to 1000. Well, steer clear from this broker as it is a way to make traders put good amount of money expecting to get big profit.
Regardless of the attractive offers TargoSwiss broker claims to present, we can’t find a free account for traders to test the platform before considering a deposit.
More Reasons You Should Avoid TargoSwiss.com Broker
TargoSwiss.com is a platform with no financial authority overseeing its financial services. We believe this broker is not worth your money because Financial Services Authority SVG does not monitor or regulate brokers.
Another red flag we noticed in this broker is that there is no demo account for traders. If traders can’t test TargoSwiss broker on a free account, how then can we know its viability in the forex market.
Regrettably, the broker is a clear scam whose presentation of SVG governance and regulation cannot be proved. We know SVG financial authority is not known for regulating forex brokers. This is a big warning for traders to avoid losing money with this broker.
TargoSwiss Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Here, TargoSwiss.com claims to be a trusted broker is not genuine. From indications, we would advise users to steer clear from this broker. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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