General Information
Schatz Markets is online forex broker, based in the United Kingdom, offering its clients multiple trading instruments with raw spreads from 0.2 pips, leverage up to 1:500 for forex trading. With the aim to providing dedicated and professional customer service, Schatz Markets offers 24/7 friendly customer support.
Market Instruments
With Schatz Markets, traders can get access to a wide range of trading instruments, including forex, spot metals, spot energies, indices, shares, commodities, crypto currencies, ETFs.
Account Types
Schatz Markets offers four trading accounts: Cent, Pro, Premium Islamic accounts, with the minimum deposit for each account ranges from $10 to $500. Basically, account balance determines spreads you are offered.
Leverage
Trading leverage varies depending on what trading accounts you are holding. With the Cent account, you are offered the maximum leverage up to 1:1000, which is considered super high. The Pro account offers the maximum leverage up to 1:500, and the other account holders can use the leverage up to 1:300. Since leverage can magnify gains as well as losses, traders should take care to choose the proper amount based on their trading style and risk tolerance.
Spreads & Commissions
Spreads is determined by trading accounts. As we mentioned before, the account balance significantly affects spreads you are offered. Accordingly, the more money in your account, the more competitive spreads you are offered. With the Cent account, you can get spreads from 2 pips, and Pro account holders are offered spreads from 0.8 pips, both with no commissions. The Premium account and Islamic account offer relatively lower spreads, from 0.3 pips and 0.4 pips, respectively, with a commission charged at $3 per lot.
Trading Platform
As for trading platform offered, Schatz Markets offers its client the choice between MT4 and MT5, both available on Desktop, Android, IPhone, Web Terminal.
Demo accounts
Demo accounts are available with the MT4 and MT5 trading platform, which is good news. Demo accounts allow new beginners to test the environment and practice their trading strategy without risking their real money.
Educational Resources
Schatz Markets offers some educational resources to help traders become an experienced trader, including basic class and advanced courses.
Customer Support
The Schatz Markets customer support can be reached through email: support@schatzmarkets.com, telephone at: +971543067128, and there is also a contact form for you fill out some problems you encounter during your trading. You can also follow this broker via some social media platforms including Facebook, Linkedin, Twitter, Instagram, and Youtube.
