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target Growth Investment

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Operating status: SCAM

Website: https://targetgrowthinvestment.com/

Broker violations and abnormal records
  • 2023-05-03 BrokersView has Reviewed that target Growth Investment is an Unregulated Broker

    According to its website, target Growth Investment claims to be regulated by the National Futures Association (NFA), the License Number is 560000,and it claims to be authorized and regulated by MFSA as a MiFID firm and holds a Category 3 Investment Services License (License No.:IS/56519). However, there is no matching information was found in the two regulatory authorities. The truth is that target Growth Investment is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    According to its website, target Growth Investment claims to be regulated by the National Futures Association (NFA), the License Number is 560000,and it claims to be authorized and regulated by MFSA as a MiFID firm and holds a Category 3 Investment Services License (License No.:IS/56519). However, there is no matching information was found in the two regulatory authorities. The truth is that target Growth Investment is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Should I believe in this broker?

Murray Franklin
Romania
2023-06-08
ANSWER The target Growth Investment is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.The target Growth Investment gives a confusing statement on its regulatory status: on the one hand, it displays two different license numbers purportedly issued by the Malta Financial Services Authority (MFSA), and on the other hand it mistakenly claims that the MFSA is in the US. This contradictory situation casts doubts on this broker's authenticity and reliability. This is a red flag. Furthermore, no entries matching target Growth Investment can be found in the MFSA registry, which means this broker is falsely claiming to be regulated to deceive unsuspecting investors.Regarding your question, target Growth Investment is an untrustworthy broker and you are advised against dealing with it. This trading platform comes with significant risks including loss of funds and identity theft, as there are no rules in place to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like target Growth Investment and opt for fully regulated ones instead.
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