WikiFX Broker Assessment Series | Tattvam Markets: Is It Trustworthy?

Background:

Founded in 2012, Tattvam Markets operates as an online ECN brokerage specializing in the trading of exchange-traded CFDs.

Tattvam Markets provides a diverse range of over tradable assets, covering over 40 currency pairs, over 98 UAE shares, over 160 USA shares, over 8 CFDs on commodities, and over 10 global indices.

It is important to note that, at present, Tattvam Markets does not extend its services to American Samoa, the Central African Republic, the Democratic Republic of the Congo, Cuba, Côte dIvoire, Eritrea, Guam, Heard Island and McDonald Islands, Iran, Israel, Japan, Lebanon, Liberia, Libya, Mali, Northern Mariana Islands, Puerto Rico, Russia, Somalia, the Syrian Arab Republic, the United States Minor Outlying Islands, the United States of America, the Virgin Islands of the United States, or Yemen.

Types of Accounts:

Tattvam Markets offers three account options: the Tyro Account, the Standard Account and the Pro Account. Please refer to the attached images below for more detailed information on each corresponding account.

Deposits and Withdrawals:

Tattvam Markets offers a range of payment options, including bank transfers, Visa, Mastercard, Neteller, Skrill, Fasapay, and virtual pay.

While Tattvam Markets asserts a policy of not imposing any commission or fees for deposits and withdrawals, it is important to note that any fees levied by third-party providers shall be the responsibility of the trading client.

The timeframe for funds to reflect in the account is contingent upon the chosen withdrawal method. For specifications on each deposit and withdrawal method, please refer to the images below:

Trading Platforms:

Tattvam Markets only offers the MetaTrader 5 (MT5) trading platform to its clients.

Renowned for its technological sophistication, the MetaTrader 5 (MT5) trading platform is available on PC, mobile, and web, providing access to a depth of market and various advanced solutions. It features buy and sell flexibility with six types of pending orders, 38 technical indicators, 44 analytical objects, and 21 timeframes, offering a customizable platform with numerous online tools for integration. Quick order execution, an economic calendar for tracking global macro-economic news, one-click trading, mobile trading capabilities, and an intuitive market search and grouping functionality contribute to the platform's comprehensive and user-friendly trading experience.

Research and Education:

Tattvam Markets offers a range of educational resources to support traders at different levels. These resources are available in the form of both texts, quizzes and videos.

Customer Service:

Tattvam Markets only offers support in English, thus this broker might not be suitable for non-English savvy trading clients.

Clients can reach out to Tattvam Markets via email at contact@tattvammarkets.com or by submitting an inquiry via the broker's question form. Additionally, trading clients have the option to contact Tattvam Markets by phone at +23058278051 and +971 4 2228477.

Conclusion:

To summarize, here's WikiFX's final verdict:

WikiFX, a global forex broker regulatory platform, has assigned Tattvam Markets a WikiScore of 1.37 out of 10.

Upon scrutinizing Tattvam Markets' licenses, WikiFX discovered that Tattvam has been operating without a valid license.

Engaging with a highly regulated and reputable broker is crucial for ensuring a better level of safety and credibility in trading. Regulatory oversight provides assurance that the broker operates in compliance with established standards and protocols, protecting clients' funds and interests. A licensed broker is required to adhere to strict regulations, including segregation of client funds, maintaining adequate capital reserves, and implementing risk management measures. Additionally, reputable brokers often offer investor protection schemes and recourse mechanisms in case of disputes or malpractices. By selecting a broker with a proven track record of regulatory compliance and a strong reputation in the industry, traders can mitigate risks and trade with confidence, knowing that their investments are in safe hands.

Therefore, WikiFX would urge our users to opt for a broker that has a higher WikiScore for better protection.