About SCHATZ
Who Is Schatz Markets?
Schatz Markets (schatzmarkets.com) is a retail forex and CFD broker registered in the United Kingdom. The company was founded on 14 May 2019 and is headquartered at 20-22 Wenlock Road, London, England, N1 7GU. According to publicly available corporate records, the broker does not hold any financial services license from the UK Financial Conduct Authority (FCA) or any other regulatory authority. This absence of regulation is a significant factor for potential clients to consider.
The broker presents itself as an online trading platform offering leveraged trading on currencies, bullions, and indices. It provides three standard account types—LITE, PRO, and PREMIUM—as well as an Islamic (swap-free) account. Maximum leverage ranges from 1:100 to 1:500, depending on the account type. The broker claims raw spreads from 0.2 pips.
Regulation and Safety
As of the time of this review, Schatz Markets is not regulated by any known financial authority. The company is registered as a private limited company in the UK (Companies House), but holding a company registration is not equivalent to being licensed as a financial services provider. The absence of regulation means that traders do not have access to compensation schemes (such as the FSCS) or independent dispute resolution services.
FXCanary's Scam Risk Score for Schatz Markets is 75 out of 100, indicating a severe risk. This score reflects the lack of regulatory oversight, limited public information, and the high leverage offered. Traders are strongly advised to exercise extreme caution and perform thorough due diligence before considering this broker.
Account Types and Features
Schatz Markets offers four account types to cater to different trader profiles. The SCHATZ LITE account requires a minimum deposit of 100 USD and provides leverage up to 1:100. The SCHATZ PRO account, with a minimum deposit of 1,000 USD, offers the highest leverage of 1:500. The SCHATZ PREMIUM account, also at a 2,000 USD minimum, returns to 1:100 leverage. For traders who require swap-free accounts due to religious beliefs, the SCHATZ ISLAMIC account is available with a 1,000 USD minimum deposit and 1:100 leverage.
All accounts are said to offer raw spreads from 0.2 pips, though the specific platforms or trading tools are not detailed on the website. The broker does not publicly list deposit or withdrawal methods, fees, or any specific trading platforms (such as MetaTrader). This lack of transparency is a red flag for traders seeking clear terms.
Trading Platforms and Instruments
Schatz Markets states that it offers trading in CURRENCIES, BULLIONS, and INDICES. The broker does not mention other popular asset classes such as commodities, equities, or cryptocurrencies. It is unclear whether the broker offers CFDs on these instruments or spot trading, though the provision of leverage implies CFD-style products.
The website does not specify which trading platform(s) are available. Common platforms in the industry include MetaTrader 4 or 5, cTrader, or proprietary web-based solutions. Without this information, traders cannot assess the usability, charting tools, or automation features of the broker's offering.
Customer Support and Service
Schatz Markets claims to provide 24/7 friendly customer support, but no specific contact details beyond a generic website form or social media links are provided. The broker maintains a presence on Facebook, Instagram, LinkedIn, Twitter/X, and YouTube, which may offer additional channels for inquiry. However, the responsiveness and quality of support remain untested due to the lack of independent user reviews.
Given the absence of regulatory oversight and the high-risk rating, traders should not expect recourse through regulatory bodies if disputes arise. FXCanary recommends verifying any broker's support responsiveness through independent channels before depositing funds.
Overview compiled by FXCanary from regulatory records and public data. full SCHATZ review