Tattvam

Tattvam is an online broker registered in Mauritius, established in February 2022. It presents itself as a multi-asset broker offering trading in forex, commodities, indices, and shares (UAE and US) via the MetaTrader 5 platform. The broker operates under the domain tattvammarkets.cn and targets retail traders with high leverage options and low minimum deposits.

FXCanary's records indicate that Tattvam does not hold any known regulatory licence, though the broker's website claims to be regulated by the Securities and Commodities Authority (SCA) in the UAE and the Mauritius Financial Services Commission (FSC). This discrepancy is a key point for traders to investigate further before committing funds.

Tattvam was founded on 8 February 2022 and is registered at The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201, Ebene, Republic of Mauritius. The company has an active social media presence on Facebook, Instagram, LinkedIn, and YouTube, though the extent of its operational history is limited given its recent establishment.

From the known facts, the broker's corporate structure is based in Mauritius, a jurisdiction often used for offshore financial services. The broker's website emphasises a streamlined trading experience and efficient financial management, but independent public information about the company's management or financial statements is scarce.

According to FXCanary's internal records, Tattvam has no regulators on file. However, the broker's official website prominently displays logos and claims of regulation by the Securities and Commodities Authority (SCA) in the UAE and the Mauritius Financial Services Commission (FSC). This contradiction is significant: while the broker markets itself as regulated, we have not been able to independently verify these licences through public registers.

Traders should be aware that depositing funds with an unregulated entity carries substantial risk, including limited recourse in case of disputes. The broker's FXCanary Scam Risk Score of 49/100 (Guarded) reflects this regulatory uncertainty and low transparency.

Tattvam offers three account tiers: Tyro, Standard, and Pro. The Tyro account requires a minimum deposit of $100 and offers leverage up to 1:500, making it accessible for smaller traders. The Standard account requires $1,000 and provides leverage up to 1:300. The Pro account is for higher-volume traders with a $5,000 minimum deposit and leverage capped at 1:100.

All accounts are advertised with no commissions and spreads from 0 pips, though clearing fees may apply for share trading. The tiered structure allows traders to choose based on their capital and risk tolerance, but the high leverage on the lower tiers (up to 1:500) is particularly risky and could lead to significant losses.

The broker lists over 40 forex pairs, including major and minor crosses, with maximum leverage of 1:200 on forex. For shares, it offers 98+ UAE stocks (leverage up to 1:5) and 175+ US stocks (leverage up to 1:10). Commodities include 8+ CFDs on precious metals and energy, and indices encompass 10+ global indices CFDs.

Trading is available 24/5 on forex and during market hours for shares. The range of instruments is modest compared to larger brokers, but covers the most liquid asset classes. Spreads are advertised as tight, starting from 0.1 pips on forex and 0 pips on shares (though the latter may include additional fees).

Tattvam provides the MetaTrader 5 (MT5) platform for all trading. MT5 is a widely respected multi-asset platform offering advanced charting tools, technical indicators, algorithmic trading via Expert Advisors (EAs), and support for multiple order types.

The choice of MT5 is a positive point, as it is a standard in the industry and provides a familiar environment for experienced traders. However, the broker does not appear to offer any proprietary platform or mobile-specific apps beyond the standard MT5 options.