On-line since: About the company: Zurich Prime positions itself as an NDD broker. About company. Security of funds Zurich Prime is a forex broker headquartered in Romania and owned by the U-Nix Solutions. It is registered in the offshore zone of the Marshall Islands. This broker is not regulated. Moreover, the British FCA (in 2015) and the Ontario Securities Commission (OSC) (in 2016) warned traders that Zurich Prime operated in their jurisdictions without appropriate licenses. Most often, such warnings indicate that the specified company is a fraud. Trading conditions Zurich Prime offers a wide range of live trading accounts including an Islamic account without swaps. Nevertheless, there is no demo account. The broker also provides its customers with a wide choice of trading assets such as currency pairs, CFD on various instruments, indexes, commodities, and stocks. Minimum deposit The minimum deposit is $ 500. Taking into consideration the fact that the broker does not have any licence, such amount of money is rather large to start trading. Traders should be aware that their investments are not protected. Spreads and commissions The size of the spreads depends on the type of account that traders open and their initial payment: the higher the deposit amount, the lower the spread. So, the owners of the Platinum account that requires the highest deposit ($50,000) are offered a spread of 1 pip. Those who have opened the Standard account ($500) can choose spreads that start from 2.3 pips.The broker does not charge fees: 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 increases not only profits but also losses. Therefore, many regulators start limiting controlled brokers with the leverage of up to 1:30 or 1:50. Trading platform Zurich Prime offers the Sirix trading platform for desktop, web, and mobile devices. It was developed a few years ago by Leverate. Its functions are similar to those of Metatrader. Additionally, the broker provides traders with the opportunity to copy transactions of other users of the platform. Relevant services Social trading with Sirix. The social trading platform helps traders make money by copying trade deals. This function is good for beginners or those who do not want to spend time on trading. Bonuses/Special offers A client can receive a bonus of up to 100% of the deposit. Yet it is not clear how the size of a bonus is defined and whether there are any additional bonuses. Customer service The customer service is based in Romania. Customers can contact a Zurich Prime representative by phone from 9:00 to 21:00 local time from Monday to Friday or by e-mail. Payment methods Zurich Prime offers several ways to make a deposit. Apart from credit cards and wire transfers, the broker also accepts deposits via Neteller, Ukash, Qiwi, WebMoney, WesternUnion, and MoneyGram. Feedback We have checked Zurich Prime's Facebook page and found out messages from clients who called the broker a scam and complained that their money had disappeared from their accounts or they were unable to withdraw their funds. There are also many complaints in the review section of the broker's trading app for Android on Google Play. Many clients warn that this broker is a scam. Traders should take these comments into account and think twice before investing in Zurich Prime. There are many other regulated brokers that offer similar or better trading conditions. Pros:
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Zurich Prime has given me confidence after a $300 profit from their platform. When I started forex trading then I got a huge loss and gave up hope. But when I saw Zurich Prime then I had invested $500 in a live account. My trading returns $300. I've withdrawn my first profit of $300 through my Skrill account. It’s cool, and I am happy that I got to choose the investing conditions that fit my needs. Thanks for providing a nice service.
I am comfortable in Social trading with Zurich Prime broker, As they have a wide range of trading assets on the Sirix platform. So I can do a copied deal from an expert trader at a live price quote and my deal is always profitable. I have earned $500 so far and withdraw this profit via Neteller within a day. So I say Zurich Prime broker is reliable and it is suitable for professional traders in the market.
Zurich Prime is not a recommended broker. I have been trading with them for 4 months, I still haven't found any improvement in their service. Their platform is always bad, spreads are high, and it just makes me lose my money. I don't want to keep losing my money and decide to withdraw the rest of the money in my trading account, but they delayed processing my withdrawal. I got the money after two weeks I made a withdrawal request. I thought they would change the way they serve clients, but they didn't. I closed my account at this broker already. Trading with them is awful.
Forex trading is tricky and risky, but Zurich Prime has made the forex trading so trouble-free. Fast withdrawal, truly polite spreads, excellent execution time. They accept electronic payment system and several funding option. I would recommend Zurich Prime.
For me, I will never take a risk to join Zurich Prime to invest my money. Beside they have a high minimum account, they are also not regulated broker. I'm too afraid to invest my money with an unregulated broker because it's not safe. I'm looking for a regulated broker, so I can trade safely and comfortably.
Zurich Prime does not release funds on time. I have made two withdrawals from this broker already and both transactions were delayed for almost a month. I still do not understand why it is taking them that long when depositing funds is completed only within a day. They have to do something about this.
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