ZURICHPRIME

About company:

Zurich Prime positions itself as an NDD broker.

 

About company. Fund security

Zurich Prime is a Forex broker headquartered in Romania, owned by U-Nex Solutions. Zurich Prime is registered offshore in the Marshall Islands. The broker is not regulated, moreover, the British FCA (in 2015) and the Ontario Securities Commission (OSC) (in 2016) warned traders that the broker operates in their jurisdictions without the appropriate licenses. More often than not, these warnings mean that the specified company is a scam.

 

Trading conditions

Zurich Prime offers a fairly wide selection of live trading accounts including a swap-free Islamic account. But there is no demo account.

 

The broker's portfolio includes a large selection of traded assets. It includes currencies, CFDs on various instruments, indices, commodities and stocks.

 

Minimum deposit

The minimum deposit in the company is $ 500. Despite the fact that the broker is not licensed, this is a very large amount to start trading. Traders should remember that their investments are not protected in any way.

 

Spreads and commissions

The size of the spreads depends on the type of account the trader opens and the initial payment. The higher the deposit amount, the lower the spread. So holders of a platinum account with the highest deposit ($ 50,000) can count on a 1 pip spread. And for those who opened a standard account ($ 500), spreads start from 2.3 pips.

 

The broker does not charge any commissions: Zurich Prime earns on spreads and commissions per night.

 

Leverage

The maximum leverage offered by the broker is 1: 400. Traders should always remember that leverage not only increases profits but also losses. Therefore, many regulators began to limit the leverage of controlled brokers to 1:30 or 1:50.

 

Trading platforms

Zurich Prime offers Sirix trading platform for desktop, web and mobile devices. It was developed several years ago by Leverate and has functions similar to those of MetaTraders, and also provides the ability to copy trades of other platform users. Oddly enough, the broker does not offer everyone's favorite MetaTrader4.

 

Significant services

Social Trading from Sirix. The social trading platform helps traders make money by copying trades - this feature is great for beginners or those who do not want to waste time on trading.

 

Bonuses / Promotions

The client can receive a bonus up to 100% of the deposit. It is unclear what factors influence the size of the bonus and if there are any additional bonuses.

 

Support service

The support service is based in Romania. Customers can contact a Zurich Prime representative by phone between 9:00 am and 9:00 pm Romanian time, Monday through Friday, or use email.

 

Ways of payment

Zurich Prime offers several deposit options. In addition to regular credit cards and bank transfers, the broker also accepts deposits through Neteller, CashU, Qiwi, WebMoney, WesternUnion and MoneyGram.

 

Criticism of traders

We checked the Zurich Prime Facebook page and found messages from customers calling the broker a “scammer” and complaining that their money had disappeared from their accounts or they were unable to withdraw their funds. There are also many complaints in the broker's Android trading app review section on Google Play. Many clients there warn that this broker is a “scammer”, “fake” and “non-professional”.

 

Traders should take these reviews into account and consider whether to invest in Zurich Prime. There are many other regulated brokers that offer similar and better trading conditions.

 

Pros:

 

a large selection of trading assets.

 

Minuses:

 

unregulated offshore broker; high minimum deposit; regulators FCA and OSC warn traders that the broker operates in their jurisdictions without a license; no MetaTrader4.