Reported as a scam / unregulated
Why Schatz is on the register
Schatz claims to be incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 300 LLC 2020. However, we did not find any match results to the company name or the registration number in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, please be informed that SVG FSA is not a regulatory authority that issues licenses for forex trading or regulates entities offering forex activities. The truth is that Schatz is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.