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
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.
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.
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
Trading Platform
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
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.
2024-08-30 03:02
