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White Bay Group Review
White Bay Group is not a retail forex broker. It is a US Virgin Islands investment firm that backs broker dealers, hedge funds, and insurers with capital.
Min Deposit
N/A
Spreads From
Not applicable, this is an investment firm, not a retail broker
Max Leverage
Not applicable, this is an investment firm, not a retail broker
Platforms
N/A
Pros
- A real, currently active institutional investment firm since 2009
- Recent 2026 partnership activity confirms it is still operating
- Backs established categories like broker dealers, insurers, and hedge funds
- Transparent about its role as a capital partner, not a retail broker
Cons
- Not a retail forex or CFD broker, despite how some directories list it
- We found no ASIC registration matching the Australian retail claim
- No public minimum deposit, spreads, or leverage, since it serves no retail traders
- Retail sounding listings under this name should be verified independently
White Bay Group was founded in 2009 by Uriel Cohen and is based in St. Thomas, US Virgin Islands. It is a multi strategy investment firm that passively invests partner capital into trading companies, broker dealers, hedge funds, insurance companies, and asset managers, rather than opening retail trading accounts for individual clients itself.
It remains active today. In 2026, it partnered with insurance focused asset manager 42 Asset Management to support annuity focused insurers with fixed income investment capacity, part of a broader pattern of backing specialized financial firms rather than serving retail traders directly.
We could not verify the retail brokerage details some directories list for White Bay Group, including claims of an Australian base offering forex, equities, and derivatives trading. We found no matching ASIC registration for a retail brokerage under this name, so treat any such offer with caution and verify independently before depositing funds.
Max Leverage
Not applicable, this is an investment firm, not a retail broker
Spreads From
Not applicable, this is an investment firm, not a retail broker
