Target Trading Review – Lower Costs and Diverse Product Offerings

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Target Trading Overview 

Target Trading is not an affiliated brokerage like so many of its immediate competitors. However, they have unique trading policies and practices that enable them to stand out in the industry. The following are Target Trading’s main pros and cons to keep in mind. 

Pros 

  • Lower fees and margin interest rates 
  • Access to diverse product offerings and markets 
  • Multiple trading platforms for all types of traders 
  • Rich educational resources 

Cons 

  • Services are not available in some countries 
  • The desktop platform can be overwhelming to beginner traders

Pros Explained 

Competitive trading fees and commissions 

Target Trading’s lower fees are one of the main reasons the platform increasingly attracts many traders. The broker has a zero commission trading policy for stocks. Besides, they have eliminated standard fees such as minimum account deposits, checking prices, domestic wire transfer fees, and account closure fees. Target Trading’s margin interest rates are also below the industry average. 

Access to a wide range of product offerings 

Target Trading is an excellent trading platform for investors and traders who need access to diverse asset classes and markets. Their portfolio comprises a vast selection of traditional assets, new asset classes, and other unique offerings. Besides, the broker has broader market access that covers more than 100 global markets and automated trading systems. 

Multiple trading platforms

Target Trading has a streamlined approach to online trading, with three dedicated platforms for different types of traders. While the trading platforms comprise nearly similar tools and features, they also have a few disparities. The mobile app has an easy-to-use design with intuitive tools for beginners and casual traders. The Target Trading desktop and web-based platforms have robust and advanced tools for active traders and seasoned investors. 

Are There Trading Risks with Target Trading?

Target Trading generally ranks highly regarding customer trust and security. They have not reported any significant security threats in recent times. Besides, Target Trading implements 2FA and biometric authentication on all their trading platforms. They also use security questions to authenticate user accounts in case of suspicious activities. However, online traders can still be subject to various threats unrelated to the trading platform, such as hacking and market volatility. So, observe the given security protocols and trade responsibly. 

Trading Fees and Commissions 

Like other trading platforms, Target Trading’s traders are also subjected to different fees and commissions. However, the broker allows free stock and mutual funds trading on all its platforms. Besides, they do not charge minimum account deposits, domestic wire transfer fees, checking, or account transfer fees. Target Trading also boasts some of the lowest margin interest rates in the industry. The competitive charges and margin interest rates create convenient avenues even for those who do not have a lot of capital to invest online. Check out their website for a comprehensive guide on their pricing schedule for different asset classes. 

What Do They Offer?

Target Trading features a vast selection of asset classes and investment products for different types of traders. The various product offerings make the platform ideal for beginners and active traders who demand access to unique investments. The broker’s portfolio caters to both short-term and long-term investors. Here are the tradeable products on Target Trading. 

  • Stocks 
  • Forex 
  • Cryptocurrency 
  • Mutual funds 
  • CFDs
  • ETFs
  • Commodities 

Target Trading provides both long and short stocks and a robust selection of mutual funds. Besides, traders can access all the leading virtual currencies, forex pairs, and commodities. 

Trading Experience 

Target Trading supports three trading platforms; a desktop program, a web-based platform, and a mobile app. Signing up and navigating the venues is relatively seamless since they integrate similar functions and tools. The typical trading features and amenities on all the platforms include charting, multi-leg options, watchlists, price alerts, portfolio reports, screeners, research, and news. Traders also have access to rich investor education programs in diverse formats. However, the desktop program has some advanced tools that beginners might find challenging. 

Who Target Trading Is Best For

Target Trading emphasizes low-cost trading and access to diverse asset classes. However, they also offer rich educational materials and intuitive trading platforms. The broker is ideal for active retail traders, but beginners and casual institutional investors can also leverage their unique offerings to gain a seamless entry into online trading. Nevertheless, invest cautiously. 

Disclaimer: This is a sponsored marketing content.

Last Updated on December 15th, 2023