Zurich Prime Review
Zurich Prime offers a rather wide selection of live trading accounts, including a swap-free Islamic account. Strangely, there is no demo account.
The broker also has a large portfolio of tradable assets. They include forex, CFDs on various instruments, as well as trading in indices, commodities and stocks.
The Company. Security of Funds
Company Country Regulation
U-Nex Solutions Romania No
Zurich Prime is a Romania-based forex broker owned by the company U-Nex Solutions. It is not regulated and several watchdogs – UK’s 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.
We checked the Facebook page of Zurich Prime and found posts from some upset clients who call the broker “crook company” and complain that their money has disappeared from their accounts or that they cannot withdraw their funds. There are also numerous complaints in the review section of the Android trading application of the broker in Google Play. Many clients there warn this broker is a “fraud”, “scam”, “fake” and “unprofessional”.
We suggest people have those things in mind when considering whether or not to invest with Zurich Prime. There are many other brokers, regulated at that, who offer similar and better trading conditions.
Zurich Prime offers the trading platform Sirix in its versions for desktop, web and mobile devices. It was developed a few years ago by Leverate and has features similar to those of the MetaTraders and also provides the option to copy trades of other platform users. Strangely, the broker does not offer the all-time favorite MetaTrader 4.
ZurichPrime offers welcome bonuses upon opening some of the types of accounts. They, of course, are granted on company discretion and have many conditions.
Methods of payment
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.
Zurich Prime is an unregulated broker and this should be enough of a red flag to exercise caution. Additionally, the regulator warnings that it operates without a license and the numerous complaints from clients and allegations they are a fraudulent company, should be an even bigger red flag.
Certainly there are other forex brokers with much better reputation and trading conditions, who are regulated to operate in Europe, by for example UK’s FCA, or the Cyprus Securites and Exchange Commission, and safer to do business with.
Zurich Prime Review Conclusion
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