Tag Markets Exposed: Withdrawal Issues, Inflated Spreads & Market Manipulation Concerns

Did you encounter the sudden disappearance of Tag Markets MT5 one-click button? Did it result in wiping out your forex trading account balance? Does the broker disallow you profit withdrawals? Do you frequently witness price mismatches on the Tag Markets login? Has this piled on your capital losses? These experiences sum up the below-standard forex trading journey many traders have had with the broker. Some of them discussed such experiences while sharing the Tag Markets review. Take a look!

Explaining the Top Forex Trading Complaints Against Tag Markets

The Suspicious MT5 Platform Disappearance Issue

This complaint talks about a peculiar case where a trader had a good experience initially. However, one day, the one-click MT5 button suddenly disappeared without any email notification. The trader, inevitably, got nervous and applied for fund withdrawals. However, the funds did not come to the traders account. Later, the trader found cross-market abuse on the MT5 platform, wiping out all his trading account balance. Despite reaching out to the Tag Markets customer support service, the trader could not find a solution to this mess. As a result, the trader shared the Tag Markets review online. Check out the complaint below.

Withdrawals Allowed Only from the Initial Capital, Not Earnings

This is also a complaint that needed attention. A trader, who deposited $1,200 to begin his trading journey with Tag Markets, took his account balance to $14,000 later. However, as the trader looked to withdraw funds, Tag Markets did not allow him to do so from his earnings. The trader could withdraw from his initial capital only. Here is the full Tag Markets review by the trader.

Inflated Spread and Manipulated Trade Execution Orders

Tag Markets is also accused of inflating spreads and executing trade orders at a price different from the market price, causing losses for traders. Traders, after witnessing these on the Tag Markets login, contact the customer support service, only to receive no response. Here are multiple screenshots capturing the essence of this critical trading issue.

The ‘FAKE’ Free Account Promise

A trader also complained about a fake free account, which he could not receive after a month. This left the trader sharing the Tag Markets review online. Find out the review below.

Tag Markets Review: The Score & Regulatory Status Update

The WikiFX team read the complaints thoroughly before conducting a detailed investigation into the brokers operations. The investigation revealed an offshore license for Tag Markets. Such a license does not indicate a thorough supervision of its trading activities. As a result, the team gave the broker a score of 5.66 out of 10.

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