Tag Markets is an online Forex and CFD broker, while Exfusion operates as an affiliate and copy-trading ecosystem connected to the broker through Exfusion.IBPortal.io. Promotional materials advertise automated trading, referral commissions and deposit-boosting programmes.
Several official warnings and inconsistencies in the claimed licence require careful attention.
Regulatory Warnings
The Bank of Russia lists Tag Markets, Exfusion, JetUp and Stratify as projects showing signs of an illegal professional securities-market participant. The warning specifically names TagMarkets.com, Exfusion.IBPortal.io and the Exfusion Russian-language Telegram channel.
Austria’s Financial Market Authority has also warned against transactions with Tag Markets, T.M. Financial Ltd and Tag Markets Ltd. Luxembourg’s CSSF separately states that these entities are not supervised or authorised to provide investment services in Luxembourg.
These notices are regulatory warnings rather than criminal court judgments, but they materially affect the platform’s risk profile.
Questions About the Mauritius Licence
Tag Markets states that it is operated by T.M. Financials Ltd and regulated in Mauritius under licence GB21026474.
However, an official Mauritius FSC notice identifies GB21026474 as a licence previously held by Pure North Markets Ltd. The regulator states that this licence was surrendered and terminated on March 18, 2024.
This creates a serious discrepancy. Users should request current confirmation directly from the Mauritius regulator before relying on the licence information displayed by Tag Markets.
How Exfusion Is Connected
Exfusion is promoted as a gateway to Tag Markets copy trading, trading signals, crypto services and an affiliate compensation structure. Registration materials direct participants through Exfusion.IBPortal.io before creating or connecting a Tag Markets account.
Promotional posts have advertised programmes capable of multiplying a participant’s deposit by 12 or 24 times. Such language should not be interpreted as a guaranteed return. Leveraged trading and broker-funded capital programmes may involve strict conditions, drawdown limits and substantial risk.
Users should also establish whether commissions are generated from genuine trading activity, broker referrals or deposits made by newly recruited members.
Tag Markets Reviews and Withdrawals
Public feedback is mixed. Some users report completed withdrawals and positive copy-trading results. Others allege delayed payments, closed accounts or loss of account access after requesting withdrawals.
Trustpilot states that it removed several fake reviews from the Tag Markets profile. This does not determine whether every remaining review is genuine, but it reduces the reliability of the overall rating as evidence of withdrawal performance.
Particular caution is necessary when a withdrawal requires another payment for:
- tax or compliance clearance;
- AML verification;
- account insurance;
- deposit-boost cancellation;
- liquidity confirmation;
- account unlocking.
A balance shown inside Tag Markets or the Exfusion portal does not independently prove that the funds can be withdrawn.
Final Assessment
Tag Markets and Exfusion present an interconnected broker, copy-trading and affiliate ecosystem. The main concerns are the warnings from several regulators, the conflict surrounding the claimed Mauritius licence and the use of high-multiple deposit promotions.
These findings do not prove that every account or withdrawal will encounter problems. However, users should not deposit additional money until the exact legal operator, active licence, trading conditions and source of affiliate commissions have been independently verified.
Problems With Tag Markets or Exfusion?
If your Tag Markets withdrawal is pending, your Exfusion account has been restricted or you are being asked to make another payment, preserve dashboard screenshots, referral information, messages, wallet addresses and transaction hashes.
You can submit these details for an initial review and ask which records may be useful when contacting your payment provider or financial regulator. No recovery outcome can be guaranteed.
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