Reported as a scam / unregulated
Why TargetFX is on the register
TargetFX claims to operate through TargetFX Limited, a company registered in Saint Lucia. Our search of the Saint Lucia International Financial Centre (IFC) registry shows that an identical company name is not currently registered. The name may be reserved, or the incorporation process may have been initiated but not yet completed. Besides, this registration only confers International Business Company (IBC) status. It is important to note that IBC status does not equate to a financial license. The IFC does not regulate or authorize entities for forex trading activities. Furthermore, TargetFX is not licensed or supervised by any reputable financial regulatory authority. This lack of proper regulation is a significant warning sign of potential fraudulent activity.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.