Markettargets is a broker offering trading in forex, cryptocurrencies, commodities, and stocks. Its official website domain, www.markettargets.com, was initially registered on December 15, 2010, and was acquired by the current team and launched on October 26, 2024.
Company Entity Information
According to the website, Markettargets is operated by Markettargets Limited and Trading Point of Financial Instruments Limited, both belonging to the Trading Point Group.
- Markettargets Limited: Registered in Belize.
- Trading Point of Financial Instruments Limited: Registered in Cyprus.
Offered Trading Instruments
Markettargets offers users trading in a variety of financial products, including:
- Forex: Includes major currency pairs and some emerging market currencies, offering diverse options for forex investors.
- Cryptocurrencies: Covers major cryptocurrencies like Bitcoin, Ethereum, etc., suitable for digital asset enthusiasts.
- Commodities: Involves precious metals (e.g., gold, silver), energy products (e.g., crude oil, natural gas), providing diversified commodity investment opportunities.
- Stocks: Includes stocks of globally renowned companies, offering a variety of choices for stock market investors.
Website Slogan
"Start Trading with Bonus up to $5000"
Trading Software
The website claims to offer MetaTrader 5 (MT5) trading software. However, the download icon on the site does not link to any actual download, and there is no broker named Markettargets found on the MT5 platform.
Regulatory Information
Belize Regulation
- Markettargets Limited claims to be regulated by the Belize Financial Services Commission (FSC), with license number 000261/397.
- Upon verification on the Belize FSC website, there is no company named Markettargets Limited or corresponding license number found. Notably, this license number previously belonged to XM's company XM Global Limited, but it is now canceled.
Cyprus Regulation
- Trading Point of Financial Instruments Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 120/10.
- The CySEC website lists the registered websites for this entity as:
- www.trading-point.com
- www.xm.com
- www.pipaffiliates.com
- These websites all belong to broker XM and do not include www.markettargets.com.
Account Types, Spreads, and Leverage
- Account Types: The website does not disclose relevant information.
- Spreads: Spreads on major currency pairs are as low as 0.6 pips.
- Leverage: The website does not disclose relevant information.
- Trading Commissions: The website does not disclose relevant information.
Agency Policies
Markettargets offers various agency and reward programs, including referral bonus plans and agency plans.
Referral Bonus Plan
- Points System: Earn points for referring new clients and completing trades.
- Point Redemption: Points are valid for 13 months and can be redeemed for rewards.
- Point Multiplier: During special promotions, points may double; reaching new referral milestones increases point value.
Agency Plan
- Commission Income: Earn ongoing cash rewards through promoting the Markettargets platform.
- Additional Benefits:
- Traffic Generation Tools: Provides promotional tools to attract more clients.
- Free Points: Reward points for achievements.
- Lucky Draw: Enter a draw for every 100 points earned.
- Automatic Rebate: Automatically distribute rebates, reducing customer service time.
- First Deposit Bonus: New users receive a $25 bonus on their first deposit.
Educational Resources
The Markettargets website does not offer any investor education section.
Deposit/Withdrawal Channels
The website does not disclose any information about deposit or withdrawal channels.
Contact Information
- Online Contact Form on Website
- Telephone
- Telegram
Social Media
Markettargets is present on the following social media platforms:
User Reviews and Website Traffic
- User Reviews: Currently, there are no user reviews available online about Markettargets.
- Website Traffic: Data from Semrush and Ahrefs shows that Markettargets has zero average monthly visits, indicating few or no users are currently using the platform.
Brand Exposure
There are no news reports or brand exposure related to Markettargets found on the open web.
Summary
The regulatory information provided on the Markettargets website is directly copied from the well-known broker XM. The claimed regulatory licenses and company entities are highly consistent with those of XM, but official regulatory bodies' websites do not associate Markettargets with these licenses, suggesting that Markettargets may have serious fraudulent indications and that its regulatory information lacks credibility.
Additionally, the lack of user reviews and website traffic data indicates that the platform's recognition and usage are extremely low. The official website does not provide complete trading information, such as account types, leverage, and deposit/withdrawal channels, nor does it offer investor education resources.
