Tattvam
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, commodities, stocks, and cryptocurrencies
- Multiple account types catering to different trader levels
- Trading platforms: MT4/MT5 for advanced trading features
- Low minimum deposit requirement for account opening
- Customer support available via email and telephone
Cons
- No valid forex trading license
- Not regulated by major financial authorities
- Limited market presence and operating history
- Potential risks associated with unregulated trading
- Withdrawal processing may take up to 5 days
Basic Information
User Reviews
Tattvam Overview
Tattvam is a forex broker established in Mauritius, operating under the name Tattvam Capital Markets Ltd for a period of 2-5 years. While it has a presence in the market, it is important to note that it does not hold a valid forex trading license, which may raise concerns for potential traders regarding regulatory oversight and protection.
Is Tattvam Safe? Regulation Analysis
Regulatory Information
Tattvam is not regulated by any recognized financial authority. As a result, potential traders should be aware of the associated risks when considering trading with this broker. The absence of regulatory oversight can lead to a lack of investor protection, making it crucial for traders to conduct thorough research before engaging with unregulated platforms. Trading with an unregulated broker often increases the potential for fraud and other risks.
Is Tattvam Regulated and How Are Client Funds Protected?
Trading Products and Services
What Trading Instruments Does Tattvam Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | UAE, US | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Tattvam provides a diverse range of trading instruments, covering essential asset categories such as Forex, commodities, indices, stocks, and cryptocurrencies. This variety ensures that traders can engage with multiple markets and adapt their strategies according to their trading preferences and goals. Whether you are a beginner exploring Forex or a professional seeking to diversify your portfolio with commodities and stocks, Tattvam’s offerings cater to a wide audience. The inclusion of various asset types facilitates flexible trading strategies, allowing traders to navigate different market conditions effectively and enhance their investment potential.
Account Types and Trading Conditions
What Account Types and Fees Does Tattvam Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Low spreads | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services | Requires corporate documentation |
| Islamic Account | Traders requiring swap-free options | Swap-free | Eligibility based on religious compliance |
| Demo Account | All traders | Practice trading | For beginners to practice without risk |
Account Opening Process
The account opening process with Tattvam involves submitting personal, employment, and financial information. Traders are required to verify their identity, which includes providing a form of ID and proof of address. Additionally, there is flexibility to upgrade to a professional account at a later stage, depending on the trader’s evolving needs and qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.3 | $0 | Tight spreads for major currency pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Competitive pricing across various assets |
| Cryptocurrencies | Varies | Varies | Dependent on market conditions |
Other Fees
Traders should be aware of several potential fees, including deposit and withdrawal fees, inactivity fees, and overnight interest (swap rates). Additionally, currency conversion fees may apply based on the account’s currency and the transaction type.
Trading Platforms and Apps
What Trading Platforms and Apps Does Tattvam Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Secure login, multiple order types, technical indicators | Demo account, API interface |
| Web Version | All browsers | Price alerts, symbol lookup, encryption | None |
| Mobile App | iOS, Android | Push notifications, one-click trading, market search | None |
The MT4/MT5 platforms are well-suited for traders seeking advanced tools and features, including a variety of order types and technical analysis options. The web version offers convenience for users who prefer browser-based trading, while the mobile app allows for trading on the go with real-time alerts and quick access to market data. Tattvam ensures that all platforms maintain secure logins and support efficient trading operations, catering to a wide range of trader needs.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/transaction | USD, EUR |
| Cryptocurrency | Instant | 1.5% transaction fee | Min $50, Max $20,000/day | BTC, ETH |
| E-wallets | Instant | 1.5% e-wallet charge | Min $20, Max $10,000/transaction | USD, EUR |
Minimum Deposit
Tattvam requires a minimum deposit of $50 for most account types, although this may vary depending on the payment method used. For bank transfers, the minimum deposit is set at $100, while deposits via cryptocurrency or e-wallets can start as low as $20.
How to Withdraw
To withdraw funds from your Tattvam account, follow these steps:
- Log into your Tattvam account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw and confirm your details.
- Submit your request and wait for processing, which may take up to 5 days for bank transfers.
Customer Support
Tattvam Customer Support Overview
Support Channels
Tattvam offers a range of contact methods for customer support, ensuring that traders can easily reach out for assistance. The main channels include:
- Email: Traders can contact Tattvam’s support team via email at help@tattvammarkets.com.
- Telephone: Customers can reach Tattvam at +230 58278051 for immediate assistance.
Service Availability
Tattvam provides customer support during business hours, typically operating 24/5. Multilingual support is also available, catering to a diverse clientele with various language preferences.
Additional Resources
To enhance the trading experience, Tattvam may offer educational resources such as video tutorials and market analysis, allowing customers to improve their trading skills and stay informed about market trends.
Frequently Asked Questions
Tattvam is not regulated by any recognized financial authority. This lack of regulation means that there is limited investor protection, and potential traders should be aware of the risks associated with trading on an unregulated platform. It is crucial to conduct thorough research before engaging with Tattvam to understand the implications for fund security.
Tattvam offers a diverse range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to engage with multiple markets and adapt their trading strategies based on their preferences and goals.
Tattvam provides several account types tailored to different trader levels, including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for businesses, Islamic Accounts for those requiring swap-free options, and Demo Accounts for practice. Each account type has specific characteristics designed to meet the needs of various trading profiles.
Tattvam offers customer support through multiple channels. Traders can reach the support team via email at help@tattvammarkets.com or by calling +230 58278051. Customer support is available during business hours, typically operating 24/5, and multilingual support is also provided.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.