However, having two forex licenses from financial commissions does not necessarily mean a broker can be trusted. What matters is not the number of licenses, but their quality. In addition, there must be other guarantees of reliability — something this broker clearly lacks. Should Tattvam Markets be trusted, or is it a scam? That is the key question we will try to answer.
At first glance, the Tattvam Markets website looks neat. The main menu is placed on the left side of the page — a non-standard decision for brokers, since most place navigation at the top. The top panel prominently displays licenses from the SCA (UAE) and the FSC (Mauritius). This move is clearly meant to create an impression of reliability. In the footer, the legal details, license numbers, and a standard risk warning are repeated — everything presented in a templated manner.
The main downside is the lack of substance. The website is available only in English, with no other language options. The “About Us” section contains just a couple of sentences about transparency and regulation. No specifics: no founding date, no names of owners or executives, and no company history. For a broker that claims to be serious, this is a glaring flaw.
Otherwise, the site is standard, with sections such as “Markets”, “Liquidity Provider”, “News”, and “Support”. There are no obvious bugs or suspicious elements at first sight, but it is striking that the entire structure and presentation are designed more for appearances than for actually informing traders. Clients are given the bare minimum of facts about Tattvam Markets, but a maximum of marketing slogans and pseudo-benefits.
Tattvam Markets lists two legal addresses: one in Mauritius (Ebene Cybercity) and one in Dubai (Aspin Commercial Tower). Two phone numbers are provided, a Mauritian and a Dubai one, along with an email address and live chat. At first glance, everything looks standard, giving traders the impression of full communication channels.
However, verification showed something very different. The listed email, contact@tattvammarkets.com, does not actually exist — it is fake. A check through an SMTP service returned a red warning: “e-mail doesn’t exist”.
As for social media, Tattvam Markets does have accounts, but they look dead: fewer than a hundred followers, posts getting only a couple of likes, and content that is templated and sparse. For a supposedly serious international broker, this is the level of a “garage startup”.
Next, let us take a look at the company’s trading conditions — perhaps there is something suspicious here. And indeed, there is. The first thing that stands out is the minimum deposit. Tattvam Markets requires at least $1,000 to get started. That is a lot, especially compared to more reputable firms, where you can begin trading with as little as $100. Moreover, there are three account tiers, with the second and third requiring even larger deposits: $2,500 and $5,000.
The account differences come down to trading conditions. First, spreads get lower with each subsequent account. By default, spreads are 1.6 pips. Second, commissions: on the first and second accounts, there are none, but on the third, there is a $3.50 fee, though spreads there drop to 0.3 pips. The difference is small but it exists. In this way, the company pushes clients to deposit as much money as possible.
As for the platform, Tattvam Markets uses MetaTrader 5, a well-known terminal that needs no introduction. Leverage goes up to 1:500 — a very high level of risk, typical of offshore brokers without strict regulation. Serious regulators, in fact, prohibit leverage higher than 1:30.
Other trading conditions at Tattvam Markets are the same for all traders, regardless of account:
On the website, the company prominently displays its licenses: SCA (UAE) and FSC (Mauritius). They even provide links to the regulators’ registries, and this is true. The company is indeed listed, and formally, its activities are authorized. At first glance, everything looks transparent. However, here is the catch.
These licenses do not belong to the category of strict regulators that genuinely protect clients. Among the top-tier regulators are the FCA (UK), ASIC (Australia), BaFin (Germany), and CySEC (Cyprus). They impose clear rules: segregated accounts, deposit insurance, compensation funds, strict reporting, and mandatory audits. In the case of a dispute, clients can file complaints and realistically expect compensation.
Now, let us look at the SCA and FSC. Yes, they are government agencies, but they do not provide full protection for traders. There are no guarantee funds. No compensation mechanisms. No strong transparency in reporting. In other words, the company has a license, but clients have no real “safety net”. Regulation here is used as a glossy marketing shield, not a tool of protection.
The next issue is the company’s lifespan. On its website, Tattvam Markets likes to claim “many years of experience”, but the facts say otherwise. In reality, the broker has been operating for only about four years. The domain tattvammarkets.com was registered in 2021. This means the firm’s entire history spans just the past few years. By comparison, licensed industry giants trace their roots back to the 1990s or even the 1970s. When a broker with such a short track record promises “reliability and transparency”, it simply does not sound convincing.
In conclusion, yes, the company has licenses, but they are weak, and both its operating history and domain age are far too short to entrust it with significant funds. Everything here looks more like a firm building the image of a “regulated broker”, but in reality, offering clients no real protection.
There are very few reviews of Tattvam Markets online. This is yet another confirmation that the firm lacks solid experience and is not popular. The comments are mixed — both positive and negative. As usual, the positive ones are clearly fake, consisting of generic praise like “great broker”, “reliable service”, and “everything is perfect”. The negative reviews, on the other hand, contain specific experiences, showing clearly that this platform is not to be trusted.
Trusting a broker with negative reviews and no reliability guarantees is a bad idea. We do not recommend Tattvam Markets because the company does not hold serious regulation, and its trading conditions are simply too poor to justify the risk.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
They have no serious regulation, fake reviews, no CEO, and no decent conditions. In short, this is a scam broker that somehow still exists. I doubt it will last long. If you do not want to bury your deposit, forget about this platform!
They work against traders. I lost more than 50% of my deposit with Tattvam Markets because they manipulate charts however they want. I strongly recommend staying away, because you will not make any money here. I tried, but it did not work. But once I switched to another company, I immediately started earning.
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