Tag Markets (tagmarkets.com) is a forex and CFD broker that has attracted significant regulatory action across multiple jurisdictions. The Austrian Financial Market Authority (FMA) has issued a formal warning stating the platform is not authorised to conduct securities transactions in Austria and is not permitted to execute orders on behalf of clients . The platform is also listed on warning lists in Spain, the Netherlands, and Russia .
🚩 Official Regulatory Warnings
The FMA specifically warns that this provider is not allowed to execute orders on behalf of clients under the Securities Supervision Act 2018 .
🚩 Key Warning Signs & Scam Indicators
1. No Regulatory License
The platform claims to be regulated by the Mauritius FSC through TM Financial Ltd, but independent investigators at FX110 report that no matching company name exists in the Mauritius FSC register – the regulatory claim is false .
2. Low Trust Scores
| Evaluator | Score |
|---|---|
| Gridinsoft | 35/100 – blacklist warning |
| ScamAdviser | Low trust rating – “potential security risks” |
3. Hidden Ownership & Anonymous Registration
- Domain registered through DropCatch.com 1339 LLC in the United States
- Owner information is not publicly available
- Listed address: St. Lucia, Mauritius – appears to be a virtual office
4. High-Risk Business Practices
Watchlist Internet warns that the platform uses high-pressure tactics, then disappears when customers try to withdraw funds . The platform also collects personal data through registration forms without clear privacy protections .
5. Recent Domain
The domain was created in March 2024, just over 2 years old .
💬 Victim Testimonies
Withdrawal Denials & Account Suspension
“I had balance over $10,000 I am planning to withdraw but my account is suddenly disabled I am unable to login. Freezing capital without any explanation and response.”
“Scam broker with huge slippage & withdraw denials. Don’t invest your hard earned money here.”
“My account was restricted and later removed without proper notice. The lack of transparency and responsibility made this a very frustrating experience.”
“They scammed me by refusing my $500 withdrawal (they refused my withdrawal for some ridiculous reason).”
$13,000 Withdrawal Blocked
“I tried to make a significant withdrawal of my earnings $13,000. The process started fine but then my request was repeatedly put on hold for review. After my last attempt, I found I could no longer login – my account is suspended. I didn’t receive any formal email about this account suspension or where my funds would go.”
No-Deposit Bonus Scam
“I received an email telling me I would receive $1,200 without a need to deposit if I verified my account. I verified it in 5 minutes and contacted them. They started lying asking impossible things… they are big scammers and liars.”
Unauthorised Trading & Account Blowout
“They entered 8 large placements and left them there for 4 hours without a stop loss. This resulted with this trader blowing out my 2 accounts… all of my friends and associates have also had their accounts blown as well in the past 3 months. Tag traders are still promoting these AIBOTs and not taking any responsibility for the hundreds of investors that have had their accounts blown.”
Bonus Trap
“This website is so amazing with 100% bonus but if you grow your balance above 100% and if you want to withdraw it, this broker banned you and lost your account equity.”
Repetitive Withdrawal Cancellations
“Very bad experience. They cancel my Withdraw Requests always without a comment or reason. Withdraw is requested to same Bank Account from which I have done the Deposit. Support isn’t able to answer why.”
Ghosting Customers
“Once they have your payment, communication completely stops. I’ve sent multiple emails and messages with zero response.”
📋 Quick Summary of Risks
🛡️ What to Do If You Have Lost Money
Watchlist Internet and regulatory authorities recommend the following immediate actions
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