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TAG markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-09 16:35

Abstract：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.

TagReview Summary
Founded	2024
Registered Country/Region	Saint Lucia
Regulation	No regulation
Market Instruments	Forex, Crypto, Metals, Commodities, Indices, Stocks
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.1 pips
Trading Platform	MetaTrader5, cTrader, DX Trade
Min Deposit	$50
Customer Support	24/7 multilingual online chat
	Contact form
	+91 86677 93224
	help@tagmarkets.com

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
Email	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.