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Zurich Prime

Romania|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://zurichprime.com/

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+447490871841
Sales@zurichprime.com
https://zurichprime.com/
https://twitter.com/ZurichPrime

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No valid regulatory information, please be aware of the risk!

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+447490871841

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Company Name

Zurich Prime

Company Abbreviation

Zurich Prime

Platform registered country and region

Romania

Company website
Twitter

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Zurich Prime · Company Summary

GENERAL INFORMATION AND REGULATION

Zurich Prime, launched in 2017, describes itself as a “no dealing desk” (NDD) Forex and CFD broker, headquartered in Romania, and domiciled in the Marshall Islands. Zurich Prime is not regulated. They provide a trading platform that offers traders a very wide range of assets for trading across Forex currency pairs, commodities, indices, and individual stocks wrapped as CFDs across both major and minor financial markets.

Zurich Prime is a Romania-based forex broker owned by the company U-Nex Solutions. It is not regulated and several watchdogs – UKs FCA (in 2015) and the Ontario Securities Commission (in 2016) have warned that it is operating in their respective jurisdiction without the proper license. Such warnings sometimes mean just that, as most countries require that the financial services providers are licensed and regulated, but more often than not, those warnings mean that said company is a scam.

TRADE SIZE

Micro lots are allowed on Standard, Silver, and Islamic accounts. A minimum trade size of 0.01 lots is required on the Gold and Platinum account types. We don‘t see any information about maximum trade sizes or stop out levels on the broker’s website.

MARKET INSTRUMENT

This brokers investment portfolio includes FX, Precious Metals, Commodities, Energies, Stocks, ETFs, Indices, and CFDs. FX options are made up of majors, minors, and exotics. Precious Metals include Gold, Silver, Platinum, and others. Commodities include Coffee, Wheat, Corn, Sugar, Cotton, and others. Energies are made up of Natural Gas, Oil, and others. Stocks include major options like Apple and Facebook as well as lesser-known options with a leverage of up to 1:25.

Four ETFs, Indices, such as the Dow Jones and NASDAQ, and CFDs on a large variety of instruments in all major markets are also available. The broker doesnt provide an entire list for each category, so it was impossible for us to count the exact amount that is available for each category. While we would have liked to see more transparency here, there is enough information to determine that the broker is offering a large variety of instruments.

SPREADS AND COMMISSIONS

The very best spreads are reserved for the most expensive Platinum and Islamic accounts, with starting spreads from 1-2 pips, when trading major currencies. The second-best option of 3-4 pips is exclusively offered on the Gold Account. At the bottom of the list, we see spreads from 4-5 pips on the Standard and Silver level accounts. Since the broker has built all of the trading costs into the spreads, it makes sense to see spreads that are a little higher than the industry average, although the spreads on the Standard and Silver account still seem to be higher than wed like to see, even with the lack of commission charges.

ACCOUNT AND LEVERAGE

There are four different account types to choose from with Zurich Prime. The Standard account can be opened with a deposit of as little as $250, and it offers a minimum Forex spread of 2.3 pips. The Silver account can be opened with a deposit of as little as $2,000, and it offers a minimum Forex spread of 2 pips, but also includes a free daily analysis and signals package, as well as advice by a trading expert. The Gold account requires a minimum deposit of $5,000, and offers a minimum Forex spread of 1.5 pips. The Platinum account requires a minimum deposit of $10,000, and offers a minimum Forex spread of 1 pip, as does the Islamic account which must be opened with a minimum deposit of $20,000. All accounts come with a few free perks, including a personal account manager, free signals for at least one month, and daily analysis, although the latter is not included in the Standard Account package. A total of 33 Forex currency pairs may be traded, as well as 7 spot commodities including gold, silver, and crude oil. As many as 43 leading individual global shares and 10 major share indices can also be traded, as well as 4 major ETFs (exchange traded funds).

A demo account is not available, which is unusual in the Forex / CFD trading industry.

There are no commission fees: Zurich Prime earns from its spreads, and from overnight financing charges.

TRADING PLATFORM AVAILABLE

Sirix Web Trader

Zurich Prime offers the advanced web-based SIRIX trading platform. SIRIX is becoming something of an industry standard and is offered by a wide range of Forex brokers. The platform is entirely web-based, requiring no download or software installation. The platform has a built-in, sophisticated charting package including the most popular technical indicators and one-click trading. Sirix also includes an innovative social trading element, where within the actual platform itself you can see what other traders are buying and selling, giving traders the chance to learn from other traders and share in real time as they trade.

Sirix Station

The Sirix Station trading platform is the most dynamic and popular platform throughout the financial industry. It is the downloadable program version of the web-based Sirix Web Trader. The platforms advanced functionality allows Zurich Prime traders to make accurate predictions and successful trades. Downloaded in one click and fully customized, the platform allows traders to trade a variety of assets all from one single interface, and is accessible anywhere, anytime. It is user-friendly, easy to operate, includes one-click order capabilities, and has a fully integrated live social/copy trading capability.

Sirix Mobile Trader

The Zurich Prime mobile platform consists of the Sirix platform application that is specially designed for iOS and Android powered phones and tablets. It enables traders to manage their trading portfolio and access live rates, open and close positions, view charts, and perform many more functions, enabling trading on the go. The Sirix Mobile Trader app includes the following features: a full-function trade platform, real time charts, instant execution of trades, free charts, and an execution and examination of pending trade orders.

Strangely, the broker does not offer the all-time favorite MetaTrader 4.

DEPOSIT AND WITHDRAWAL

Zurich Prime provides an impressive number of options to deposit with them. Besides the usual credit cards and bank transfers, the broker also accepts deposits through Neteller, CashU, Qiwi, WebMoney, WesternUnion and MoneyGram.

CUSTOMER SERVICE

Customer support is based in Romania. Clients can contact a Zurich Prime representative by telephone from 9am to 9pm Romanian time between Monday and Friday inclusive, and can use email anytime of the day.

But unfortunately we couldn't to confirm their contact details because their website is not going.

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FX1494013530
more than one year
Regrettably, my time with Zurich Prime has been less than stellar. The platform seemed to encourage a constant inflow of funds, which was a bit disconcerting. Additionally, I often found myself on the losing end of trades, largely due to advice that, in hindsight, was misleading. However, the most distressing issue was the withdrawal process - it was unreasonably complicated to access my own money! NOT RECOMMEND.
2024-02-23 15:13
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FX1199223524
more than one year
SCAM!! I paid the deposit, and they started trading and made me a couple of hundred.. Very rude financial consultant who wouldn’t allow me to close my account or withdraw my money.
2023-02-14 13:35
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