Beware! Tattvam Markets is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Tattvam Markets is an offshore broker that misrepresents itself as regulated and provides incomplete or false information about trading conditions. In this review, we’ll take a detailed look at why it’s in your best interest to opt for a more trustworthy financial services provider.

Tattvam Markets Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Tattvam Markets
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The first thing to look for in a forex broker’s website is which legal entity runs it, where it is based and what regulatory oversight it is subject to. Licensed companies are also required to provide a comprehensive set of legal documentation.

Tattvam Markets is a brand name of the Tattvam Capital Markets Limited. This company is incorporated in Mauritius.

Tattvam Markets claims that this registration makes it an authorised and regulated broker. But Mauritius is an offshore zone that does not apply regulatory oversight to companies engaged in brokerage activities.

Agreement to the Terms and Conditions is required when registering an account, but nowhere do we find the contents of this document.

If you have decided to invest in financial instruments, and especially if you are a novice trader, you should use the services of a licensed broker based in a jurisdiction with strong regulations.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent.

These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Tattvam MarketsTrading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
XYZ MT5Android
MT430+ indicatorsAndroid
MT550+ indicatorsAndroid
cTrader40+ indicatorsAndroid and iOS

Tattvam Markets claims to offer two leading advanced trading platforms – Metatrader 5 (MT5) and cTrader. But after registering an account we only get access to MT5. Such a discrepancy between advertising and reality does not speak well for Tattvam Markets’s credibility.

It should be noted that the presence of some kind of trading software is no guarantee that this is a genuine broker. Financial scammers often use rigged trading platforms to fool their victims that their money is actually being invested. However, this trading is entirely fictitious and the money goes directly into the scammers’ pockets.

It is advisable to contact one of the many legitimate brokers that offer MT5 or the still very popular MT4. These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Tattvam Markets Trading instruments

Tattvam Markets

Tattvam Markets claims to offer trading in forex, indices, commodities, shares and cryptocurrencies, but does not provide details on the parameters of this trading.

When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc.

Tattvam Markets Spreads and cost of trading

Tattvam MarketsXMFBSFXTM
Spread EURUSD1.20.611.1
Spread GBPUSD1.
Spread USDJPY1.

In the trading platform we see a spread of 1.2 pips, which in theory is a competitive level. But as noted, we have no guarantee that this trade is not fictitious.

Tattvam Markets Maximum leverage

Tattvam Markets500:1100:110:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

One of the few parameters indicated on the Tattvam Markets website is a leverage of 1:500.

Regulated brokers do not offer such levels to retail traders as trading with high leverage carries risks of sudden and excessive losses. A maximum leverage of 1:30 is allowed in the European Union and the United Kingdom and 1:50 in the United States.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Tattvam Markets Deposit and withdrawal methods


Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursNot specified
Fasapay1 hour24 hoursNot specified

Tattvam Markets claims to allow deposits and withdrawals via wire transfer, credit cards and FasaPay. But the deposit menu is not available if the account is not verified.

Nowhere do we find information on transaction fees, minimum withdrawal amount, etc.

Tattvam Markets Minimum deposit

Tattvam MarketsXMFBSFXTM
Minimum depositN/A$5$10$5

Tattvam Markets does not specify a minimum deposit. But on the dashboard we see a strange message that the web-based version of the trading platform is only available for accounts depositing at least 10,000 USD.

For an amount like 10 USD, you could open a starter account with some of the leading brands in the industry.

Tattvam Markets Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Tattvam MarketsNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Since Tattvam Markets does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.

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