Not a day goes by without a new scam project appearing online, sometimes more than one. Against this background, companies that have been operating for several years look far more attractive and interesting. Our Tattvam Markets review focuses on a Forex/CFD broker with a fairly long history, several prestigious industry awards, and a couple of licenses. Do you think this firm can be trusted, that it operates honestly and has no intention of scamming its clients? We cannot guarantee that, which is why we plan to thoroughly verify all available information about the company and its trading offerings. We will definitely share the results with you.
Does Tattvam Markets Show Any Risk Factors?
On almost every page of its official website, the broker repeats a set of phrases like a mantra: Dubai office, license, full regulation. We believe that a company so persistently emphasizing its legal and compliant operations would not dare to distribute false information. However, our experience shows: “trust, but verify.” Therefore, we will carefully analyze each claim made by the firm.
What exactly does the broker claim? According to its statements, two entities operate under the Tattvam Markets brand:
- Tattvam Capital Markets Ltd, registered in Mauritius. The company also lists Investment Dealer license No. 183299GBC issued by the local regulator FSC Mauritius.
- Tattvam Financial Advisors LLC, registered in the UAE and licensed for the activity “Promoter and Introducer of Financial Products and Foreign Securities” under No. 20200000185 by the Securities and Commodities Authority (SCA) UAE.
- Tattvam Capital Markets Ltd, registered in Mauritius. The company also lists Investment Dealer license No. 183299GBC issued by the local regulator FSC Mauritius.
- Tattvam Financial Advisors LLC, registered in the UAE and licensed for the activity “Promoter and Introducer of Financial Products and Foreign Securities” under No. 20200000185 by the Securities and Commodities Authority (SCA) UAE.
It all looks rather solid: two jurisdictions, two licenses for different types of activities, well-known regulators. More than enough information for verification.
We begin with the main point, the Mauritius registration and the FSC license. In promotional materials and on the website, these documents are presented as the broker’s key argument for reliability.
The Mauritian business registry does indeed contain an entry for Tattvam Capital Markets Ltd, registered as a GBC (Global Business Company). The firm was incorporated on October 19, 2021, and received registration number 183299.
A search by company name in the FSC Register of Licensees confirmed that the firm holds an Investment Dealer license issued on the same date, October 19, 2021. According to the document, the company is authorized to provide a full range of financial market services, excluding underwriting.
There are, however, several nuances:
- The license register does not display the license number (this is the disclosure policy of the local regulator), nor does it show trading names or website addresses through which the company serves traders. Therefore, we cannot state with 100% certainty that the broker actually belongs to this company.
- According to snapshots from the Web Archive, the broker’s website in 2021 looked significantly different from what we see today. Its current appearance only emerged in May 2024, and before that, the snapshots show a long gap from March 2023 (more than a year). We would not have paid attention to this if not for one inconsistency. Since 2021, the website displayed the license number GB21026478, but in 2024 it magically changed to 183299GBC, which coincides with the company’s registration number. However, the FSC uses its own formats and numbering system, which is in no way linked to business registry data.
- The license register does not display the license number (this is the disclosure policy of the local regulator), nor does it show trading names or website addresses through which the company serves traders. Therefore, we cannot state with 100% certainty that the broker actually belongs to this company.
- According to snapshots from the Web Archive, the broker’s website in 2021 looked significantly different from what we see today. Its current appearance only emerged in May 2024, and before that, the snapshots show a long gap from March 2023 (more than a year). We would not have paid attention to this if not for one inconsistency. Since 2021, the website displayed the license number GB21026478, but in 2024 it magically changed to 183299GBC, which coincides with the company’s registration number. However, the FSC uses its own formats and numbering system, which is in no way linked to business registry data.
The latter assumption would perfectly explain all the inconsistencies. However, we have no solid evidence supporting this version.
As for the UAE, the Tattvam Markets website states that its activities are regulated by the local SCA UAE, even listing a license number. We checked this information and found that Tattvam Financial Advisors LLC does indeed hold a license.
It was issued on July 13, 2023, but it does not authorize any trading activity. Therefore, this document can confirm the company’s legal presence and the existence of an office in Dubai, but in terms of legally providing brokerage services, it is practically useless.
If we turn to independent sources, the picture is not impressive either. After several years of operation, hardly any Tattvam Markets review has appeared online, which is rather unusual.
On specialized platforms the picture is slightly different. Most experts acknowledge the existence of the official FSC Mauritius license, but this has little impact on the overall assessment of the broker — just like the information about MetaTrader 5, which the company provides to its clients. The rating remains quite low. For example, WikiFX experts rated the platform 3.15 out of 10, and advise users to be cautious when dealing with the company.
Let’s Break Down the Jurisdiction
The FSC Mauritius license is considered fairly reliable, yet it does not fully match the high regulatory standards offered by reputable authorities such as the UK’s FCA or Australia’s ASIC. There are several strong reasons for this:
- Reputation of an offshore jurisdiction. Mauritius is a popular offshore financial center with relatively soft legislation and low taxes. This attracts companies that cannot or do not want to meet the strict requirements imposed in the US, the UK, Europe, or Australia.
- Low capital requirements. The minimum capital needed to obtain a license is significantly lower than that required by Tier-1 regulators (such as the FCA or ASIC). For an investment dealer (without underwriting rights), as stated in the regulations, only about USD 21,000 is sufficient — an extremely small amount for a brokerage company.
- Limited investor protection. Although certain mechanisms exist, investor protection in cases of bankruptcy or fraud is generally not guaranteed at the same level as in developed countries. For example, FSC Mauritius does not require brokers to participate in compensation schemes and does not impose restrictions on maximum leverage.
- Lack of international recognition. The FSC Mauritius license does not provide any passporting rights, meaning it is not automatically recognized in other jurisdictions. This limits the broker’s capabilities and indicates a lower level of regulatory oversight.
- Reputation of an offshore jurisdiction. Mauritius is a popular offshore financial center with relatively soft legislation and low taxes. This attracts companies that cannot or do not want to meet the strict requirements imposed in the US, the UK, Europe, or Australia.
- Low capital requirements. The minimum capital needed to obtain a license is significantly lower than that required by Tier-1 regulators (such as the FCA or ASIC). For an investment dealer (without underwriting rights), as stated in the regulations, only about USD 21,000 is sufficient — an extremely small amount for a brokerage company.
- Limited investor protection. Although certain mechanisms exist, investor protection in cases of bankruptcy or fraud is generally not guaranteed at the same level as in developed countries. For example, FSC Mauritius does not require brokers to participate in compensation schemes and does not impose restrictions on maximum leverage.
- Lack of international recognition. The FSC Mauritius license does not provide any passporting rights, meaning it is not automatically recognized in other jurisdictions. This limits the broker’s capabilities and indicates a lower level of regulatory oversight.
What Does the Tattvammarkets.com Website Reveal?
The broker’s official website looks extremely eye-catching. However, there is a lingering impression that you are not on a trading platform’s webpage, but on a bright, polished advertising showcase. Large, bold content blocks with strong headlines look impressive and are clearly intended to provoke at least some curiosity. At the same time, certain design decisions are, to put it mildly, questionable — for example, the side menu that cannot be fixed in place and that partially overlaps the page content when zooming in.
But here’s the problem: behind all these bright visuals, there is almost no high-quality information a trader actually expects to see. This issue is typical for nearly all sections and pages of the site.
- Markets. On the main page of this section, you will find brief lists of features for each available market — content so minimal that it is unlikely to help beginners get familiar with them. Experienced traders will also hardly find value in such summaries and will instead turn to the other pages in this section. There, the broker has posted lists of popular assets along with certain trading characteristics. These details are quite extensive and can serve as substitutes for contract specifications. The only downside is that the asset lists are incomplete.
- Company. In this section, clients will find overly grandiose statements about the company’s mission and values, as well as information about its registration and licenses. However, no other useful corporate details are provided: no financial reports, no banking details, no company history, not even a presentation of the project’s team. It feels as though the main goal is to impress, not to inform. We even began to doubt whether any trader would find this appealing at all.
- Additional services. Unfortunately, this section simply does not exist. There is no news feed, no analytics, no calendars, no calculators — not even basic educational materials available to visitors. The only alternative is that the broker’s clients can access Acuity’s services. These tools can genuinely assist in trading, but why not offer at least part of them to website guests? Such a step would be far more useful than dozens of flashy slogans and banner texts. However, it seems the project owners do not share this view.
- Markets. On the main page of this section, you will find brief lists of features for each available market — content so minimal that it is unlikely to help beginners get familiar with them. Experienced traders will also hardly find value in such summaries and will instead turn to the other pages in this section. There, the broker has posted lists of popular assets along with certain trading characteristics. These details are quite extensive and can serve as substitutes for contract specifications. The only downside is that the asset lists are incomplete.
- Company. In this section, clients will find overly grandiose statements about the company’s mission and values, as well as information about its registration and licenses. However, no other useful corporate details are provided: no financial reports, no banking details, no company history, not even a presentation of the project’s team. It feels as though the main goal is to impress, not to inform. We even began to doubt whether any trader would find this appealing at all.
- Additional services. Unfortunately, this section simply does not exist. There is no news feed, no analytics, no calendars, no calculators — not even basic educational materials available to visitors. The only alternative is that the broker’s clients can access Acuity’s services. These tools can genuinely assist in trading, but why not offer at least part of them to website guests? Such a step would be far more useful than dozens of flashy slogans and banner texts. However, it seems the project owners do not share this view.
We could continue criticizing the content on the Tattvam Markets website. Unfortunately, it is difficult to treat it as a complete informational resource belonging to a licensed broker. Typically, regulated companies take far greater care when shaping their online identity. Perhaps the developers lacked professionalism, or the owners failed to provide a coherent technical brief. Either scenario reflects poorly on the company.
Is the Broker Offering Fair or Risky Terms for Traders?
We have already mentioned that the website includes certain characteristics of trades for individual instruments. Indeed, Tattvam Markets presents its trading conditions in far greater detail than most offshore brokers.
Part of this information appears on the account types page. The company offers three plans:
- Tyro. A swap-free account with a minimum deposit of USD 1,000, maximum leverage up to 1:500, and spreads starting from 1.8 pips.
- Standard. Requires at least USD 2,500 to trade, leverage up to 1:300, and a minimum spread of 1.3 pips.
- Pro. Minimum deposit USD 5,000. Leverage up to 1:100, spreads from 0.3 pips, and a commission of USD 3.5 per lot per side (USD 7 total per round trade).
- Tyro. A swap-free account with a minimum deposit of USD 1,000, maximum leverage up to 1:500, and spreads starting from 1.8 pips.
- Standard. Requires at least USD 2,500 to trade, leverage up to 1:300, and a minimum spread of 1.3 pips.
- Pro. Minimum deposit USD 5,000. Leverage up to 1:100, spreads from 0.3 pips, and a commission of USD 3.5 per lot per side (USD 7 total per round trade).
In the Markets section, the company specifies the leverage for each instrument and displays the swaps for them. We do not quite understand why this data is not consolidated in one place. Why should a trader have to gather information piece by piece across multiple pages?
If we put everything together, we get a rather curious picture. Tattvam Markets offers attractive promises and seemingly appealing parameters (tight spreads, high leverage). They even provide the real figures needed to properly assess risks (StopOut for all accounts is 30%).
Thus, Tattvam Markets creates an appearance of beneficial trading conditions. However, the company makes every effort to turn the client’s deposit into its own profit. And this is not an accident — it is a systemic approach.
Technical Support Analysis of Tattvam Markets
The broker’s contact information looks quite solid. On the Support page, it provides:
- A feedback form.
- The company’s registration address in Mauritius and the physical office address in Dubai, UAE.
- A customer support email.
- Phone numbers with Mauritius and Dubai country codes.
- A feedback form.
- The company’s registration address in Mauritius and the physical office address in Dubai, UAE.
- A customer support email.
- Phone numbers with Mauritius and Dubai country codes.
The company’s website also features an online chat. However, the chatbot is only capable of answering the simplest, most generic questions. Anything more complex forces it to redirect the conversation to a human operator. Response times can range from several minutes to several hours. This is far from ideal, especially when traders expect quick assistance.
Tattvam Markets has published links to its social media profiles. However, the situation looks rather strange. For instance, the YouTube channel was created in August 2023. Yet in two years, it has posted only 114 videos and gained merely 40 subscribers. The Telegram channel has slightly more users — 195 — also accumulated over more than two years. We are confident that the broker is building its social media communication strategy incorrectly.
Strengths and Weaknesses
- The information about the companies operating under the broker’s name has been verified.
- The trading conditions are presented quite comprehensively on the website.
- The information about the companies operating under the broker’s name has been verified.
- The trading conditions are presented quite comprehensively on the website.
- We have no evidence that both companies listed by the broker are actually related to it.
- Leverage up to 1:500 is excessively high, pushing client risks far beyond acceptable levels.
- There are almost no tattvammarkets.com reviews online, and thematic portals describe the company as a scam.
- The situation with the broker’s social media activity is difficult to explain: in two years, the firm has gained a negligible number of followers.
- We have no evidence that both companies listed by the broker are actually related to it.
- Leverage up to 1:500 is excessively high, pushing client risks far beyond acceptable levels.
- There are almost no tattvammarkets.com reviews online, and thematic portals describe the company as a scam.
- The situation with the broker’s social media activity is difficult to explain: in two years, the firm has gained a negligible number of followers.
