Tag foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.tagmarkets.com/auth/register, about the company's legal and temporary regulatory information, the company's address 3 Emerald Park, Trianon Quatres Bornes, 72257, Republic of Maritius.
Tag Forex Broker
Basic information
Mauritius
1-2 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
Tag Information
Tag Markets LTD is a trading company registered in Saint Lucia in 2024. Despite the fact that the company is newly established, it boasts one of the fastest growing brokers.
Pros and Cons
| Pros | Cons |
| Various trading instruments | Lack of regulation |
| Demo accounts | Lack experience |
| Zero commisions for the Zero Prime account and the Islamic account | |
| MT5 supported | |
| Low minimum deposit | |
| 24/7 live chat support |
Is Tag Legit?
Tag Markets LTD is not regulated by the financial services regulatory authority in Saint Lucia, which means that the company lacks regulation from its registration site. Moreover, the current status shows that transfer is prohibited.
What Can I Trade on Tag?
Tag claims to offer 6 types of trading products, including forex, crypto, metals, commodities, indices, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Tag provides 4 types of accounts: Professional account, Zero Prime account, Islamic account, and Tag X10 account. Different types of accounts are tailored to various experience levels, and clients can create a free demo account. Besides, it's rather easy to register a Tag account and the process won't cost much time.
| Account Type | Minimum Deposit | Feature |
| Professional account | $50 | Raw spreads |
| Zero Prime account | Zero commissions | |
| Islamic account | Swap free | |
| Tag X10 account | Leveraged accounts |
Leverage
The leverage is up to 1:500 for the Professional account, Zero Prime account, and Islamic account, and it is up to 1:33 for the Tag X10 account. Risks obviously exist, and clients need to think before being involved in high-risk investment.
Spreads & Commissions
| Account Type | Spreads | Commissions |
| Professional account | From 1.0 Pips | $0 |
| Zero Prime account | From 0.1 Pips | $5 |
| Islamic account | From 1.0 Pips | $0 |
| Tag X10 account | From 1.9 Pips | From $5 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader5 | ✔ | Desktop, mobile, web | Who prefers automated trading |
| DXTrade | ✔ | Desktop, mobile | Who prefers customized services |
| cTrader | ✔ | Desktop, mobile, web | Advanced traders |
Deposit and Withdrawal
Tag does not reveal too much info on deposits and withdrawals, but from the icons shown on the homepage, we found that it seems to support cryptos, Visa, MasterCard, and Apple Pay.
Customer Service
| Contact Options | Details |
| Phone | +91 86677 93224 |
| help@tagmarkets.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Supported Language | English, Spanish |
| Website Language | English, Spanish |
| Company Address | Tag Markets LTD Ground Floor, The Sotheby Building Rodney Village, Gros-Islet Rodney Bay, Saint Lucia LC01401; |
| Main Office | No 9, Ramji Flats, Karikalan 2nd ST, Nanganallur, Jeevan Nagar, Adambakkam, Chennai Tamilnadu, India - 600088 |
The Bottom Line
To sum up, Tag is a fast growing trading company in spite of the fact that it was newly founded. It offers various kinds of trading products, and no deposit or withdrawal fees are needed. In view of that, clients can have a try in this platform. However, risks still exist. Since it is not regulated and the leverage is not low, clients should think before investing.
FAQs
Is Tag safe?
Not really. It lacks regulation from authorities, and certain risks may exist.
Is Tag good for beginners?
Yes, it is designed for both novice and expert traders. Beginners can find a suitable account in this platform.
What trading platforms does Tag have?
Tag has 3 types of platforms: MetaTrader5, DXTrade, and CTrader. Clients can use them in different devices like desktops, mobile phones, and web pages.
Does Tag have regional restriction?
Yes, it refrains from offering services to residents of Syria, North Korea, Iran, Iraq, Mauritius, USA, Canada, Sudan, Myanmar, Yemen, Afghanistan, Vanuatu, and EEA countries.
Rating Index
X10
Swap Free
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Latest Reviews
traders__
Colombia
I love TAG, gradually adding profits, a broker with very competitive spreads in leveraged accounts and withdrawals are really very fast, Recommended 100000%
Positive
2024-08-30
FX2989160441
Colombia
I highly recommend TAG. Their support is quite fast and their FAQ section is one of the most comprehensive. They clarified all the doubts I had.
Positive
2024-08-26
MiltonM16
Ecuador
I registered with this broker, purchased a leveraged account, and traded for a few days. Now, when I try to log into my account on the broker's website, it won't let me in. It says my password is incorrect, but everything is fine. I've also tried to recover my password, but I can't. I enter my email and it doesn't arrive in my inbox. I don't know what's happening with this broker.
Exposure
01-31