Below is a comprehensive analysis of Tattvam Capital Markets Limited (Mauritius), based on the requested criteria. The analysis draws from available information, including the provided search results, and critically evaluates potential risks, regulatory status, and other factors. Where specific data (e.g., WHOIS lookup, IP hosting details) is not directly available from the provided references, I will note the need for further investigation and provide guidance on how to proceed.

1. Online Complaint Information ¶

• Complaints Process: Tattvam Capital Markets provides a complaints email ([email protected]) with a promise to respond within 24 hours. The company claims to adhere to complaint-handling rules, allowing clients to file disputes. However, there is no public evidence of how effectively complaints are resolved.
• User Feedback:
• Negative Reviews: Multiple sources report serious concerns. A WikiFX review highlights unprofessional website content, language errors, and self-contradictory information, labeling Tattvam as a “100% scam.”
• Scamrecovery.net (2023) states Tattvam is not trustworthy, citing its lack of regulation by major authorities like the FCA and negative user feedback on social media and trading forums. Users report dissatisfaction with platform functionality and customer service.
• A former employee on BrokersView (2024) described shady operations, lack of transparency, and unfair treatment of employees, suggesting a focus on profit over client welfare.
• Forexbrokerz.com (2023) and Theforexreview.com (2023) note Tattvam misrepresents its regulatory status and provides incomplete trading condition information, raising credibility concerns.
• Positive Reviews: Some reviews praise Tattvam’s customer support, educational resources, and trade signals. However, these are outnumbered by negative feedback and may lack authenticity, as positive reviews can be manipulated.
• Lack of Reviews: Forex Peace Army (2025) notes no user reviews for Tattvam, which is unusual for a broker claiming significant market presence.
• Red Flag: The prevalence of negative reviews, especially from former employees and users alleging scams, combined with a lack of verified positive feedback, suggests significant operational and trustworthiness issues.

2. Risk Level Assessment ¶

• High-Risk Investment Warning: Tattvam’s website explicitly warns that trading Forex and CFDs involves a high risk of rapid losses due to leverage, noting that most investors lose money. This is standard but underscores the risky nature of their offerings.
• Leverage Concerns: Tattvam advertises leverage up to 1:500, which is far higher than regulated brokers in jurisdictions like the EU (1:30) or US (1:50). High leverage increases the risk of substantial losses, particularly for retail traders.
• No Demo Accounts: Unlike most reputable brokers, Tattvam reportedly does not offer demo accounts, preventing traders from testing strategies risk-free. This is a significant barrier for beginners and a potential risk indicator.
• High Minimum Deposit: A $1,000 minimum deposit is required, which is high compared to industry standards and may deter cautious or novice traders.
• Unregulated Status: Multiple sources confirm Tattvam lacks valid regulation from reputable authorities, increasing the risk of fund mismanagement or fraud.
• Risk Level: High. The combination of high leverage, lack of demo accounts, high minimum deposits, and questionable regulatory status indicates a high-risk broker, particularly for inexperienced traders.

3. Website Security Tools ¶

• SSL/TLS Encryption: The website (https://www.tattvammarkets.com/) uses HTTPS, indicating SSL/TLS encryption, which is standard for protecting data in transit. However, this alone does not guarantee overall security.
• Privacy Policy: Tattvam’s Privacy Policy claims compliance with the Mauritius Data Protection Act 2017, prioritizing client data protection. However, there is no evidence of third-party audits or certifications (e.g., ISO 27001) to verify security practices.
• Potential Vulnerabilities: Reviews note unprofessional website content and errors, suggesting poor maintenance. This could indicate vulnerabilities in website security, such as outdated software or inadequate cybersecurity measures.
• Recommendations: Use tools like Qualys SSL Labs (ssllabs.com) to verify SSL configuration and Sucuri SiteCheck (sitecheck.sucuri.net) to scan for malware or vulnerabilities. Without specific data, I cannot confirm the site’s security status.

4. WHOIS Lookup ¶

• Domain Information: No WHOIS data is provided in the references. A WHOIS lookup for tattvammarkets.com would reveal:
• Registrar: The entity managing the domain.
• Registration Date: How long the domain has been active (new domains may indicate higher risk).
• Registrant Details: Whether contact information is public or hidden (hidden details can be a red flag for offshore entities).
• WikiFX Note: Tattvam’s domain has not been verified, raising concerns about transparency.
• Recommendation: Perform a WHOIS lookup using tools like whois.domaintools.com or ICANN Lookup. If registrant details are anonymized or linked to Mauritius/Dubai addresses matching Tattvam’s claims, cross-check with regulatory records. Hidden WHOIS data or discrepancies would be a red flag.

5. IP and Hosting Analysis ¶

• Hosting Details: No specific IP or hosting information is provided in the references. Hosting analysis would reveal:
• Hosting Provider: Reputable providers (e.g., AWS, Cloudflare) suggest better infrastructure, while obscure providers may indicate cost-cutting or unreliability.
• Server Location: If servers are in high-risk jurisdictions or mismatch claimed business locations (Mauritius/Dubai), this could signal operational issues.
• Website Content: The website’s semi-detailed and updated status suggests functional hosting, but low visitor counts indicate limited reach or trust.
• Recommendation: Use tools like HostingChecker or SecurityTrails to identify the hosting provider, IP address, and server location. Cross-reference with Tattvam’s claimed addresses. Offshore or low-quality hosting would increase risk.

6. Social Media Analysis ¶

• Presence: Tattvam’s social media presence is not detailed in the references, but scamrecovery.net (2023) reports negative user feedback on platforms like Facebook, Twitter, and Instagram, indicating dissatisfaction with service and reliability.
• Engagement: Negative social media feedback suggests low trust. Lack of verified or active social media profiles could indicate a lack of transparency or legitimacy.
• Red Flag: Absence of robust, verified social media engagement, coupled with negative user sentiment, is concerning for a broker claiming global reach.
• Recommendation: Search for Tattvam’s official accounts on X, LinkedIn, or other platforms. Verify account authenticity, follower engagement, and response to complaints. Fake or inactive accounts are red flags.

7. Red Flags and Potential Risk Indicators ¶

• Regulatory Misrepresentation: Tattvam claims regulation by the Mauritius Financial Services Commission (FSC) with Investment Dealer License 183299GBC. However, multiple sources (e.g., Forexbrokerz, WikiFX) state Tattvam is not genuinely regulated, only registered, and Mauritius is a lax offshore jurisdiction with minimal oversight.
• SCA License Issue: Tattvam Financial Advisors LLC claims regulation by the UAE’s Securities and Commodities Authority (SCA, License 20200000185) but is flagged for operating beyond its licensed scope (investment advisory, not Forex trading). This suggests regulatory overrun and potential fraud.
• Website Discrepancies: The website advertises cTrader but only provides MetaTrader 5 (MT5), indicating false advertising. Language errors and contradictory content further erode credibility.
• Lack of Transparency: Missing legal documentation (e.g., Terms and Conditions) and unverified domain details reduce trust.
• High Leverage and Bonus Offers: Offering 1:500 leverage and a $50 sign-up bonus is aggressive and often used by scam brokers to lure inexperienced traders.
• Employee Allegations: Former employees report unethical practices, including misleading clients and prioritizing profits.
• Low WikiScore: WikiFX assigns Tattvam a score of 1.37/10, reflecting high risk due to lack of valid regulation and poor reputation.
• Overall Risk Indicators: Misleading regulatory claims, operational discrepancies, negative user and employee feedback, and aggressive marketing tactics strongly suggest Tattvam is unreliable.

8. Website Content Analysis ¶

• Professionalism: The website claims to streamline trading and financial management, offering MT5, Forex, commodities, and indices. However, reviews criticize unprofessional content, language mistakes, and contradictions (e.g., claiming cTrader availability but only offering MT5).
• Transparency: The site includes a Privacy Policy, AML/CFT compliance statements, and a risk warning, which are standard. However, missing legal documents (e.g., Client Agreement details) and unverified regulatory claims reduce transparency.
• Marketing Tactics: A $50 sign-up bonus and high leverage (1:500) are prominently advertised, which may appeal to novices but are common scam tactics.
• Red Flag: The discrepancy between advertised features (e.g., cTrader) and actual offerings, combined with unprofessional content, suggests a lack of credibility.

9. Regulatory Status ¶

• Mauritius FSC: Tattvam Capital Markets Ltd claims regulation by the Mauritius FSC (License 183299GBC). However:
• Mauritius is an offshore jurisdiction with lenient requirements (minimum capital €25,000–€250,000).
• Sources confirm Tattvam is registered but not regulated, meaning it lacks oversight for brokerage activities.
• UAE SCA: Tattvam Financial Advisors LLC holds an SCA license (20200000185) for investment advisory, not Forex trading. Operating beyond this scope is a regulatory violation.
• No Major Regulation: Tattvam is not regulated by reputable authorities like the FCA (UK), ASIC (Australia), or CFTC (US), increasing risk.
• Verification: The FSC Mauritius website (fscmauritius.org) can confirm license status. WikiFX reports no valid license, suggesting Tattvam misrepresents its status.
• Red Flag: Operating without valid regulation and misrepresenting offshore registration as regulation is a major concern.

10. User Precautions ¶

To protect against potential risks when considering Tattvam Markets, users should:

• Verify Regulation: Check Tattvam’s FSC license on fscmauritius.org and confirm SCA license scope on sca.gov.ae. Avoid brokers without major regulatory oversight.
• Research Reviews: Cross-reference user reviews on platforms like Forex Peace Army, BrokersView, and WikiFX. Be wary of overly positive reviews that may be fabricated.
• Test with Small Deposits: If engaging, start with the minimum deposit ($1,000) and test withdrawals to verify reliability.
• Use Chargeback Options: Deposit via credit card to enable chargeback claims if funds are withheld.
• Avoid High Leverage: Do not use high leverage (e.g., 1:500) unless experienced, as it amplifies losses.
• Conduct Due Diligence: Perform WHOIS and hosting analysis to verify domain legitimacy. Check social media for authentic engagement.
• Report Issues: If scammed, report to local authorities and file a chargeback with your bank. Contact MyChargeBack for assistance.
• Seek Regulated Alternatives: Choose brokers regulated by FCA, ASIC, or CySEC, which offer protections like segregated accounts and negative balance protection.

11. Potential Brand Confusion ¶

• Similar Entities:
• Tattvam Trading Pvt Ltd (tattvamtrading.com): An Indian wealth management firm with positive reviews for stock investing. It is unrelated to Tattvam Markets but shares a similar name, potentially causing confusion.
• Tattvam Capital Management Services LLP: A Delhi-based firm with no clear connection to Tattvam Markets. Its presence in financial services could confuse users.
• Tattvam Media Pvt Ltd: A Jaipur-based media company, unrelated but sharing the “Tattvam” brand, which may mislead users searching for financial services.
• Tattvam Industries Pvt Ltd: Referenced in AI and investment contexts, but no direct link to Tattvam Markets. Name similarity could cause confusion.
• Risk of Confusion: The “Tattvam” name appears across unrelated financial and non-financial entities, particularly in India. Users may mistake Tattvam Markets for a legitimate firm like Tattvam Trading Pvt Ltd, which has a better reputation.
• Red Flag: The lack of a unique brand identity and overlap with other “Tattvam” entities increases the risk of intentional or accidental misrepresentation.

12. Overall Assessment ¶

• Summary: Tattvam Capital Markets Limited (Mauritius) presents significant risks due to its lack of valid regulation, negative user and employee feedback, high-risk offerings (e.g., 1:500 leverage, $1,000 minimum deposit), and unprofessional website content. While it claims FSC Mauritius and SCA UAE regulation, evidence suggests it operates beyond its licensed scope and misrepresents its status. Negative reviews, including scam allegations, outweigh sparse positive feedback, and the absence of demo accounts and transparent legal documentation further erodes trust. Potential brand confusion with other “Tattvam” entities adds to the risk.
• Risk Level: High. Tattvam Markets is not recommended for trading due to its unregulated status, operational discrepancies, and scam allegations.
• Recommendations:
• Avoid engaging with Tattvam Markets until its regulatory status is verified and user feedback improves.
• Use regulated brokers in strict jurisdictions (e.g., EU, UK, Australia) with protections like segregated accounts and lower leverage.
• Conduct thorough due diligence, including WHOIS, hosting, and social media analysis, before investing.
• If already invested, attempt withdrawals immediately and pursue chargebacks if funds are withheld.

Sources ¶

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• General knowledge of forex broker analysis and regulatory standards. If you need specific tools (e.g., WHOIS lookup, IP analysis) or further investigation into Tattvam’s operations, let me know, and I can guide you on the next steps!