Below is a comprehensive analysis of Tattvam Capital Markets based on the requested criteria, using available information and critical evaluation. The analysis covers online complaints, risk assessment, website security, WHOIS lookup, IP and hosting, social media presence, red flags, regulatory status, user precautions, and potential brand confusion, focusing on the official website https://www.tattvammarkets.com/.

1. Online Complaint Information ¶

Findings:

• User Reviews and Complaints:
• Multiple sources report significant dissatisfaction with Tattvam Markets. Reviews on platforms like WikiFX, BrokersView, and Forex Peace Army highlight issues such as poor customer service, high withdrawal fees, and an irritating deposit process. One user, claiming to be a former employee, alleged unfair treatment of employees and a profit-driven approach that raises concerns about customer treatment.
• A review on scamrecovery.net states that Tattvam Markets is not trustworthy, citing its lack of regulation by major authorities and difficulties in withdrawing funds. Users report that the broker may ignore withdrawal requests or suspend accounts for trivial reasons.
• Some positive reviews exist, praising the support team and educational resources, but these are overshadowed by negative feedback, raising suspicions of manipulated or incentivized reviews.
• Common Complaints:
• Lack of transparency in trading conditions and fees.
• High minimum deposit ($1,000), which is a barrier for new traders.
• No demo accounts, limiting risk-free practice for beginners.
• Allegations of unprofessional website content, including language mistakes and contradictory information. Analysis: The prevalence of negative reviews, especially concerning withdrawal issues and lack of transparency, suggests operational red flags. The absence of demo accounts and high minimum deposits are atypical for reputable brokers, potentially deterring cautious traders. Positive reviews appear inconsistent with the broader narrative, indicating possible bias or fake testimonials.

2. Risk Level Assessment ¶

Findings:

• Trading Risks:
• Tattvam Markets offers high-leverage trading (up to 1:500), which is significantly riskier than the 1:30 or 1:50 caps imposed by regulated jurisdictions like the EU, UK, or US. High leverage increases the potential for rapid losses, especially for retail traders.
• The broker deals in complex instruments like Forex and CFDs, which carry inherent risks due to volatility and leverage. The website acknowledges these risks but notes that not all risks can be disclosed due to the variety of situations.
• Operational Risks:
• The lack of regulation by a major authority (e.g., FCA, ASIC, CySEC) increases the risk of disputes going unresolved. Mauritius FSC, which regulates Tattvam, has less stringent requirements, with minimum capital as low as €25,000–€250,000, compared to €730,000 in the UK or $20 million in the US.
• WikiFX assigns Tattvam Markets a low trust score of 1.37/10, citing its operation without a valid license and medium potential risk.
• Financial Risks:
• Reports of high withdrawal fees (up to 20–30% in some cases with similar brokers) and unreachable turnover thresholds for withdrawals suggest potential financial entrapment.
• The source-to-source withdrawal policy (e.g., wire transfer deposits must be withdrawn via wire transfer) may limit flexibility and increase costs. Analysis: Tattvam Markets presents a high-risk profile due to its unregulated status, high-leverage offerings, and reported withdrawal issues. The lack of robust regulatory oversight and transparency in fee structures amplifies financial and operational risks for users.

3. Website Security Tools ¶

Findings:

• SSL/TLS Encryption:
• The website (https://www.tattvammarkets.com/) uses HTTPS, indicating SSL/TLS encryption, which secures data transmission between the user and the server.
• Security Policies:
• Tattvam’s privacy policy claims to protect non-public customer information with security procedures to prevent loss, theft, or unauthorized access. Personal data is destroyed via shredding or other methods when no longer needed. Access is restricted to authorized employees and service providers.
• Two-Factor Authentication (2FA):
• The login portal reportedly supports 2FA, adding an extra layer of security for user accounts.
• Potential Vulnerabilities:
• No specific information is provided about advanced security measures like intrusion detection systems, regular security audits, or third-party penetration testing.
• User reviews mention concerns about the overall security of funds, with one stating, “No security guaranteed.” Analysis: While basic security measures like HTTPS and 2FA are in place, the lack of detailed information about advanced cybersecurity protocols is concerning for a financial platform handling sensitive data. User skepticism about fund security further undermines confidence in the platform’s protective measures.

4. WHOIS Lookup ¶

Findings:

• Domain Information:
• Domain Name: tattvammarkets.com
• Registrar: NameCheap, Inc.
• Registration Date: Approximately 2022 (exact date not specified in sources, but reviews from 2023 suggest recent establishment).
• Registrant Information: Likely redacted for privacy, as is common with NameCheap registrations. No public WHOIS data reveals specific ownership details.
• Domain Status: Active, with no reported issues like suspension or expiration. Analysis: The domain’s recent registration (circa 2022) aligns with Tattvam’s emergence in reviews, suggesting a relatively new operation. The use of privacy protection via NameCheap is standard but limits transparency about ownership, which is a minor red flag for a financial broker. Established brokers often provide clear corporate details.

5. IP and Hosting Analysis ¶

Findings:

• Hosting Provider:
• The website is likely hosted by a third-party provider, but specific details (e.g., Cloudflare, AWS) are not disclosed in the provided sources.
• IP Address:
• No public IP address information is available from the sources. Tools like VirusTotal or SecurityTrails could reveal geolocation and hosting details, but this requires external lookup beyond the provided data.
• Server Location:
• The company’s registered office is in Mauritius (The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene), and its business address is in Dubai (Office 5103, 51st Floor, Aspin Commercial Tower, Sheikh Zayed Road). The server location is not specified but may be in a nearby region for latency optimization.
• Hosting Red Flags:
• No reports of suspicious hosting practices, but the lack of transparency about server infrastructure is notable. Analysis: Without specific IP or hosting data, it’s challenging to assess server security or reliability. The absence of reported hosting issues is neutral, but reputable brokers typically disclose partnerships with trusted providers (e.g., AWS, Google Cloud) to build confidence. The Mauritius and Dubai addresses suggest a distributed operation, which may complicate jurisdictional oversight.

6. Social Media Presence ¶

Findings:

• Presence:
• Tattvam Markets has limited social media visibility. Reviews mention checks on platforms like Facebook, Twitter, and Instagram, but no official accounts are prominently linked on the website.
• User Feedback:
• Social media feedback, as reported by scamrecovery.net, is largely negative, with users expressing dissatisfaction about reliability and trustworthiness.
• Engagement:
• No evidence of active engagement or marketing campaigns on social media, which is unusual for a broker aiming to attract clients. Analysis: The minimal social media presence is a red flag, as legitimate brokers typically maintain active profiles to engage with clients and share updates. The negative feedback on social platforms reinforces concerns about the broker’s reputation and operational integrity.

7. Red Flags and Potential Risk Indicators ¶

Findings:

• Regulatory Misrepresentation:
• Tattvam claims to be regulated by the Mauritius Financial Services Commission (FSC) with an Investment Dealer License (183299GBC). However, multiple sources (WikiFX, BrokersView) assert that this license is either invalid or insufficient, as Mauritius is an offshore jurisdiction with lax oversight.
• The UAE’s Securities and Commodities Authority (SCA) license (20200000185) for Tattvam Financial Advisors LLC is limited to acting as a Promoter and Introducer, not a full Forex broker, indicating a suspicious scope of business.
• Website Content Issues:
• Reviews criticize the website for unprofessional language, grammatical errors, and contradictory information, undermining credibility.
• The Terms and Conditions are not easily accessible, and users report being asked to agree to them without seeing the content.
• Lack of Transparency:
• Incomplete details on trading parameters (e.g., spreads, commissions, minimum deposit) and withdrawal requirements raise suspicions of hidden fees or restrictive policies.
• High Minimum Deposit:
• The $1,000 minimum deposit is high compared to industry standards, potentially deterring new traders and suggesting a focus on extracting large initial investments.
• No Demo Accounts:
• The absence of demo accounts prevents users from testing the platform risk-free, a feature offered by most reputable brokers.
• Withdrawal Issues:
• Reports of high withdrawal fees and difficulties accessing funds are consistent across reviews, indicating potential financial entrapment.
• Scam Allegations:
• Sources like scamrecovery.net and forexbrokerz.com label Tattvam as a potential scam, citing its unregulated status and user experiences. Analysis: The combination of an invalid or misrepresented regulatory status, unprofessional website content, lack of transparency, and reported withdrawal issues constitutes significant red flags. These indicators suggest that Tattvam Markets may prioritize profit over client welfare, aligning with characteristics of untrustworthy brokers.

8. Website Content Analysis ¶

Findings:

• Claims and Offerings:
• The website promotes a platform for trading Forex, CFDs, commodities, indices, shares, and cryptocurrencies, with MetaTrader 5 (MT5) as the primary platform. It claims ECN technology and tier-1 liquidity.
• Educational resources and trade signals are offered, along with a mobile app for on-the-go trading.
• Discrepancies:
• Tattvam advertises both MT5 and cTrader but reportedly only provides MT5 access, contradicting its claims.
• Leverage of 1:500 is highlighted, but no clear details on spreads, commissions, or account types are provided upfront.
• Professionalism:
• User reviews note unprofessional language, grammatical errors, and self-contradictory content, which detracts from the platform’s credibility.
• Accessibility:
• The Client Agreement and Terms and Conditions are not prominently displayed, requiring users to agree to undisclosed terms during registration. Analysis: The website’s content appears designed to attract traders with promises of advanced tools and low fees, but the lack of detailed trading conditions and reported discrepancies erode trust. The unprofessional presentation and inaccessible legal documents suggest a lack of commitment to transparency, a hallmark of dubious brokers.

9. Regulatory Status ¶

Findings:

• Mauritius FSC:
• Tattvam Capital Markets Ltd claims regulation by the Mauritius FSC with an Investment Dealer License (183299GBC). However, sources indicate this license is either not valid or insufficient for Forex brokerage, as Mauritius imposes minimal requirements (e.g., €25,000–€250,000 capital).
• UAE SCA:
• Tattvam Financial Advisors LLC holds an SCA license (20200000185) for promoting and introducing financial products, not for operating as a full Forex broker. WikiFX notes this as a “suspicious overrun” of business scope, increasing risk.
• Lack of Major Regulation:
• Tattvam is not regulated by reputable authorities like the FCA (UK), ASIC (Australia), or CySEC (Cyprus), which offer stronger investor protections like segregated accounts, negative balance protection, and insolvency guarantees (e.g., €20,000 in the EU, £85,000 in the UK).
• WikiFX Assessment:
• WikiFX labels Tattvam as operating without a valid license, assigning it a low trust score and warning of medium potential risk. Analysis: Tattvam’s regulatory status is a major concern. The Mauritius FSC license, even if valid, offers weak oversight, and the SCA license does not cover Forex brokerage activities. The absence of regulation by a Tier-1 authority leaves clients vulnerable to disputes and financial losses, as there is no credible recourse mechanism.

10. User Precautions ¶

Recommended Actions:

• Due Diligence:
• Verify the broker’s regulatory status directly with the Mauritius FSC and UAE SCA. Cross-check license numbers (183299GBC for FSC, 20200000185 for SCA) on official registries.
• Research user reviews on independent platforms like Forex Peace Army, WikiFX, and BrokersView, but be wary of overly positive reviews that may be fabricated.
• Financial Caution:
• Avoid depositing large sums initially. Start with the minimum ($1,000) only after thorough verification, and test withdrawals with small amounts to confirm reliability.
• Be cautious of high-leverage trading (1:500), which can lead to significant losses. Use risk management tools like stop-loss orders.
• Security Practices:
• Enable 2FA on your account and use strong, unique passwords. Avoid accessing the platform on public or unsecured networks.
• Be vigilant for phishing attempts and only use official links (https://www.tattvammarkets.com/).
• Documentation:
• Demand access to the Terms and Conditions and Client Agreement before registering. Scrutinize withdrawal policies and fee structures.
• Dispute Resolution:
• File complaints promptly via [email protected], as the broker claims to respond within 24 hours.
• If issues persist, report to local authorities and consider chargeback options through your bank or credit card provider.
• Alternative Brokers:
• Consider regulated brokers in strict jurisdictions (e.g., EU, UK, Australia) that offer demo accounts, lower minimum deposits, and investor protections. Analysis: Users must exercise extreme caution due to Tattvam’s questionable regulatory status and reported operational issues. Thorough research, minimal initial investment, and proactive security measures are essential to mitigate risks. Exploring regulated alternatives is advisable for safer trading.

11. Potential Brand Confusion ¶

Findings:

• Similar Entities:
• Tattvam Trading Pvt Ltd: A separate entity (tattvamtrading.com) focused on wealth management and stock investing, incorporated in India. Positive reviews suggest satisfaction with its services, but it is unrelated to Tattvam Capital Markets.
• Tattvam Enterprises LLP: An Indian LLP involved in unrelated business activities, with no connection to Forex trading.
• Tatvam Insights: A company offering voice-of-the-customer solutions, unrelated to financial trading.
• Website and Branding:
• The name “Tattvam” is used across multiple unrelated entities, potentially causing confusion. Tattvam Markets’ website does not clearly distinguish itself from these entities, which may mislead users.
• The domain tattvammarkets.com is distinct, but similar-sounding domains like demotattvam.7csoftware.com (a possible demo or clone site) could confuse users.
• Regional Focus:
• Tattvam Markets targets users in India (e.g., tat-forex.co.in provides India-specific login guidance), which may overlap with the Indian entities, increasing the risk of mistaken identity. Analysis: The shared “Tattvam” name across unrelated entities poses a risk of brand confusion, particularly in India, where Tattvam Markets appears to focus its marketing. Users may mistakenly associate the broker with more reputable or unrelated firms like Tattvam Trading Pvt Ltd. The lack of clear branding differentiation on the website exacerbates this issue, potentially exploiting the reputation of other entities.

12. Overall Risk Assessment and Recommendations ¶

Risk Level: High

• Key Risks:
• Lack of valid regulation by a reputable authority, with Mauritius FSC and UAE SCA licenses offering insufficient oversight.
• Numerous user complaints about withdrawal issues, high fees, and poor transparency.
• Unprofessional website content, inaccessible legal documents, and no demo accounts.
• High-leverage trading (1:500) and a $1,000 minimum deposit increase financial exposure.
• Limited social media presence and negative feedback on platforms.
• Potential brand confusion with unrelated entities. Recommendations:
• Avoid Trading with Tattvam Markets: Given the high risk profile, unregulated status, and consistent negative feedback, users should prioritize regulated brokers with transparent operations and strong investor protections.
• Conduct Thorough Research: If considering Tattvam, verify its licenses directly with regulators and test the platform with minimal funds. Demand full disclosure of terms and conditions.
• Explore Alternatives: Opt for brokers regulated by Tier-1 authorities (e.g., FCA, ASIC, CySEC) that offer demo accounts, low minimum deposits, and clear fee structures.
• Stay Vigilant: Monitor accounts closely, use secure practices, and be prepared to escalate disputes through chargebacks or regulatory bodies if issues arise. Conclusion: Tattvam Capital Markets exhibits multiple characteristics of an untrustworthy broker, including questionable regulatory claims, operational red flags, and a pattern of user dissatisfaction. While it offers some appealing features like MT5 and educational resources, the risks far outweigh the benefits. Traders are strongly advised to seek regulated alternatives to ensure safety and transparency in their investments.

Sources: -, Note: This analysis is based on available information as of April 24, 2025, and reflects a critical evaluation of Tattvam Capital Markets. Users should conduct their own due diligence and consult independent financial advisors before engaging with any broker.