TAG Markets’ $1,000,000 Insurance: What It Really Covers

What the certificate actually says

The Certificate of Currency, dated 29 April 2026, states:

Open the certificate itself (PDF) — read it rather than this summary.

And the limit of indemnity, word for word: "The maximum amount payable by the Insurer to the Insured hereunder in respect of the Net Loss of any one Claimant shall be USD 1,000,000. (Shared Aggregate with another group entity)"

"Any one Claimant" — and the bracket after it

Read the two halves separately, because they pull in opposite directions.

"Any one Claimant" is a per-claimant limit. The cap applies to each claimant’s net loss, not to everybody added together. That is the stronger of the two readings and it is what the governing document says.

"Shared Aggregate with another group entity" is the qualifier. The pot behind that limit is shared with a sister company in the same group. So the per-claimant cap sits inside a shared pool rather than a dedicated one — meaning a large simultaneous event affecting both entities could exhaust the pool before every claimant reaches their individual cap. It is disclosed on the face of the certificate rather than buried, which is the honest way to do it.

One inconsistency worth knowing: TAG’s public insurance web page summarises the cover as "up to US$1,000,000 for all claimants", which reads as an aggregate-only limit and is more restrictive than the certificate’s own wording. The certificate is the governing document — it says so itself: "In the event of any inconsistency between this certificate and the policy, the policy prevails." If this figure is decisive for you, ask TAG for the full policy wording, not just the certificate, and ask them to align the website text.

Check the date before you rely on it

The certificate runs to 28 April 2027. Insurance is renewed annually, and a certificate that has lapsed is worth nothing regardless of how impressive it looked. Whenever you are reading a certificate — this one or any other — the period of insurance is the second field to check, right after the name of the insured. Ask for the current certificate at renewal time rather than assuming.

What it does not cover

• Trading losses. If your copied trades lose money, that is a market outcome, not an insured event. No policy anywhere covers this.
• Bad decisions. Over-leveraging, depositing money you need, ignoring drawdown — uninsurable.
• Anything outside insolvency. The policy type is literally "Insolvency Event". A dispute over a fill, a platform outage, a withdrawal delay: those go to the broker and then to the FSC, not to the insurer.

How to verify the policy yourself

1. Open the insurance page on the broker’s own domain and open the certificate document — not a screenshot forwarded to you.
2. Read three fields on the certificate: the named insured (T.M. Financials Ltd — the entity you actually contract with), the limit and whether it is per claimant or in the aggregate, and the policy period.
3. Look up CBC UK Limited, FCA Firm Reference No. 145164, on the FCA Financial Services Register. The register tells you what that firm is actually permitted to do, and it is a check nobody promoting this has ever asked you to run.
4. Ask TAG support directly, in writing, whether the limit is per claimant or aggregate, and keep the reply.

How it compares

Context, fairly stated: an FCA-regulated broker gives you FSCS cover up to £85,000 per person, backed by statute and funded by an industry levy that does not run out. A private policy — even a per-claimant one — depends on an insurer, a renewal date and a shared pool, so it is weaker than that. But most offshore brokers offer nothing — no scheme, no policy, no backstop. Compared to the realistic alternative set in this jurisdiction, a real published policy plus a real licence puts TAG at the stronger end of offshore, and still well below tier-1 protection. Both halves of that sentence are true and you should size your deposit accordingly.