Target Trading ‘s Key Features
- Account Minimum – $0.00
- Product Offerings: Stocks, ETFs, crypto, mutual funds, bonds, and commodities, among others.
- Fees and Commissions: This broker charges zero commissions on stock trades and subsidized margin interest rates.
Pros and Cons
- An intuitive mobile app
- Robust advanced trading tools and features
- A more comprehensive selection of product offerings
- Broader market access
- Low fees and commissions
- The web-based platform can be overwhelming to novices
- Services are inaccessible in some countries
A user-friendly mobile app
Target Trading has a mobile app with several easy-to-use tools and features that ensure seamless trading on the go. The app supports all the essential trading functions, with extras such as trading idea generators and research tools to help novices and casual traders to make informed financial decisions. Target Trading mobile app also boasts several customizable features and functions that allow users to personalize the trading experience to their needs and goals.
Sophisticated trading tools
Apart from the mobile app, Target Trading also has dedicated desktop and web-based platforms. The programs also offer a seamless experience to the mobile app but integrate robust advanced features, ideal for experienced investors and active traders.
Broader asset classes and market access
Unlike most brokers specializing in just a few products for specific traders, Target Trading has comprehensive offerings for both short-term and long-term investors. They offer vast investment alternatives to meet the unique demands of beginners, passive investors, and active traders. Besides, Target Trading allows its clients access to numerous global markets and trading systems.
Low fees and commissions
Target Trading does not charge an account minimum, domestic wire transfer, checking, and inactivity fees. Stock trades are also free across all Target Trading ‘s platforms. Different margin interest rates and fees apply to other trades but are relatively lower than what most brokers currently charge in the market.
What Do They Offer?
Target Trading has a broader selection of product offerings for different types of traders and investors. They have a streamlined approach to online investing, with unique asset classes and fixed income products for retail traders and institutional investors. The robust product offerings make Target Trading an excellent choice for beginner investors and active traders who demand more flexibility.
Here is a list of the tradeable products on Target Trading.
- Mutual Funds
Target Trading updates their portfolio regularly to allow clients more investment alternatives.
Target Trading supports desktop, web-based, and mobile trading platforms. The mobile app is the main highlight due to its user-friendly trading tools and features that facilitate trading on the go. It boasts a robust design incorporating all the essential trading functions and extra features such as trading idea generators and research tools. Target Trading is designed for beginners but also has a broader appeal to seasoned traders.
This broker’s desktop and web-based trading programs integrate several customizable tools with sophisticated features for active traders and experienced investors. For example, they support conditional orders and technical analysis tools unavailable on the mobile app.
However, several tools and features are common to all Target Trading ‘s trading platforms, including screeners, portfolio analysis, multi-leg options, charting, real-time data streaming, watchlists, and news. Overall, the trading experience on Target Trading is relatively seamless since its platforms have similar features.
About Fees and Commissions
Target Trading has a no commissions policy for stock trades and waivers minimum account deposits, checking fees, domestic wire transfers, and inactivity fees. Other asset classes and transactions attract different fees and margin interest rates. However, Target Trading ‘s fees and rates are below the industry average. Their fee calculator can help you to determine your trading costs before executing trades.
Who Target Trading Is Best For
Target Trading is an integrated online investing brokerage with an intuitive mobile app, robust trading tools, broader asset classes, market access, and low fees. The platform is ideal for novices and casual investors. However, active traders can leverage their vast product offerings and competitive rates to make the most of online investing.
Overall, Target Trading is an excellent choice for retail traders and institutional investors who demand flexibility. However, do a little more research to understand the ordinary risks of online trading before joining any platform.