Schatz's Official Website Cannot Be Accessed Properly At This Time. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Purposes Only.
2022-07-13 We Have Confirmed After Review That Schatz Is An Unregulated Foreign Exchange Dealer
Schatz Claims To Be An International Business Company Registered With The Saint Vincent And The Grenadines Financial Services Authority (SVG FSA) Under Registration Number 300 LLC 2020. However, We Have Found No Results In The SVG FSA That Match The Company Name Or Registration Number. Also, Please Note That The SVG FSA Is Not A Regulator That Issues Licenses To Operate Forex Trading Or Regulates Entities That Offer Forex Activities. In Fact, Schatz Is Not Regulated By Any Regulator. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That Schatz Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As A Phone Number Or Company Address.
Note: Schatz As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulatory Authority To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
