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Zurich Prime Review вЂ“ is zurichprime.com scam or safe forex broker?
RECOMMENDED FOREX BROKERS
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average spreads|
|Standard||$500||0.01 lots||1:400||2.3 pips|
|Silver||$2000||0.01 lots||1:400||2 pips|
|Gold||$10 000||0.1 lots||1:400||1.5 pips|
|Platinum||$50 000||0.1 lots||1:400||1 pips|
|Islamic||$500||0.01 lots||1:400||1 pips|
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
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 2020) and the Ontario Securities Commission (in 2020) 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.
|High initial deposit.|
Best For Beginners!
Free Trading Education!
Free Demo Account!
Get Your Sign-Up Bonus Now:
Only For Experienced Traders.
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Traders` reviews for Zurich Prime
I have been trading with These guys for around 3 months, they have conned me out of trades 3/4 times. The main reason being is the ASK price and the Actual price are not anywhere near close (at certain hours of trading) this meaning Friday night a few hours before the market closes (already a challenging time in the FX market) They adjust the spread fee very high mid trade, meaning my analysis of the charts were spot on and SL was in perfect place but when they stupidly increase their commission/spread fee MID TRADE I get kicked out just before price moves back in favour of my trade but I get stopped out. Their reply to this is вЂњThe spreads are wider during the night sir because there is low liquidity of the marketвЂќ If only I could load a screen shot you would see just how far I was stop lossed out the trade at 1.10564 when my stop was placed at 1.10579! Any trader knows this is small but can make all the difference. On top of this when I place an Order to enter a trade at future price I go back to check my order and they have doubled my risk from my request. I had to tell a friend at work who referred me to Recoveryexperts0 at gmail who were just able to recover some part of the money I lost. this is most definitely in my opinion a dodgy business and likely the reason why 99% of retail traders wipe their account or get put off trading and give up. IвЂ™m not going to fall into either, I will simply take my business else where and cut my loss.
Zurich Prime Scam
I have recently been scammed by Frank Foreman from Zurich Prime. I have been asked to deposit funds but cannot withdraw. Until the last stages when he told me to open positions and then all the profits got taken out even my investment. Is there any way that we can recover our funds from this company?
Bastards. Worst company ever.
My husband start working in this company, ZURICH PRIME, in November and they din’t pay him.
He worked for 4 months with lies after lies and nothing. We went to the police 2 times and now we go to court for him to get paid.
Don’t trust a company who doesn’t pay his workers.
I’m also questioning the validity of this company as my initial investment deposit is all of a sudden not reflected in my account anymore. I need to know What can I do to trace the whereabouts of the money. Unfortunately we are residing in South Africa and do not know the laws from the European countries to take the necessary action against this company. Any suggestions?
broker using Sirix
Thanks guys, I was already opened and deposited money with them. I have another question for everyone is there every broker using Sirix station platform are scram.
Or do you know any broker using Sirix whir are not scram or licensed properly.
Complain with my money
On 2020 I lost R10000 it took with this Zurich prime they say I want to open the account now no reply
Scammed by Frank Foreman
Zurich prime z a big scam i lost $8000 within three months.My broker was Frank Foreman who calls himself senior broker yet he is the senior scammer. I think let’s team up and inform the British government about these crooks
Zurich Prime – Scammers
I am writing my review so others would not fall for tricks, contacts and all the data will be attached. There is a correspondence via Skype, mail, the results of transactions, I can throw off everything. Traded from 09/04/18 to 11/14/18.
In short, the fraudsters, but good specialists.
I saw the RFM-company advertisement, then I worked with the broker Andrey Smrnov through the Zurich Prime platform. Not the first, not the second, there are no trading licenses. Advertising who has no licenses is prohibited, bypassing it in two ways, the first under the guise of learning and the second word trading is written in English. I demanded a license, but they told me fairy tales, and lawyers didnвЂ™t want to get involved in everything. What the license gives, the licensing authority can control the company and, in the event of fraud, protect the investor, if there is no license, the brokerage company can set its own currency rates that differ a lot from the real ones. There are two bodies, the Central Bank of the Russian Federation, which has issued 8 licenses at the moment, and of course these two companies are not listed and compiled. They say they refused to international because of the sanctions, and in Russia there is a prolongation, I requested in early September 2020, there is still no license.
В For example, you threw $ 1000 opened a purchase transaction, for example, rubles, since the infa was received that the ruble would grow, but then the exchange rate was not expected to go the other way, you went into a minus, and the transaction was closed, but you will notice the ruble New Zealand dollar no. That is, no one controls them, and they can set the course at their discretion. The scheme is as follows. You drop $ 150 bargains, the broker shows amazing results, I gained 30% in almost 20 days, even though you would throw a lot of money. They say they say either themselves further, or they need to be increased to at least $ 1500-2000, I checked out $ 150 for checking and threw $ 800 further, the broker showed miraculously, showed his interest, they said% began to go more to him, call him more often The account grew to about $ 1250, which is also about 30%, I told him that more money would arrive soon and how I threw another $ 400, a couple of successful deals were opened, then everyone leaked 5 deals, the entire account is $ 1876. There were elections with the United States, and the next day the data came, and according to this data, my broker Andrey Smirnov, in my opinion, opened knowingly false transactions on the New Zealand Dollar NZD, the emphasis was that the currency would fall, but it was greatly strengthened and strengthened during two weeks. All this time, the currency was kept at a critical point, saying that it is necessary to throw more money to wait out the вЂњstormвЂќ, after the funds have not been received for almost two weeks, the deals were closed due to lack of funds.
I believe that I was deceived for three reasons. 1 I told the broker that IвЂ™m making another $ 400 and am not going to invest anymore until April. 2 The broker received information on elections in the USA and another, where he was able to make a forecast and advised to open false transactions. 3. In total there were 57 transactions over the course of 2 months, where 50 were successful and closed on average within an hour, income was more than 30% somewhere in 20-30 days, I opened one $ 13 $ transaction incorrectly, one broker incorrectly predicted, but for the week came in plus. And the last 5 deals drove the entire account in a minus. The result Broker received the information that I have nothing to take, as well as information about exchange rates, he decided to merge me. As I read on the Internet there is such a fraud, I do not really understand it, but the bottom line is that they merge an account on a platform, for example Zurich Prime, and the RFM-company partner gets 30%. By the way, the company Zurich Prime is not located in Zurich, but the UK and with Zurich does not have any connections. I also want to note that I didnвЂ™t have the desire to learn trading, but I wanted to use the Account Management service. They only teach technical analysis, but where am I and a specialist who uses data and news background, and sits with colleagues with a whole department of analytics. I strictly followed the instructions of my Broker.
My broker is Andrey Smirnov, my login is BullishDJ355 id 1561113 at Zurich Prime. Mail [email protected]
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Zurich Prime Reviews
At the end of the day, it doesn’t really matter what we say about ourselves.
Rabah Tariq Najjar: “I had no idea how to trade at the beginning but with great leadership by my account manager and
Andre Adams: “Zurich Prime is a great place to begin trading. They help to get you started and even after will help
Rasmus Pedersen: “Everything about this company is great! Great trading platform, great leverage, great education,
Trevor Palmer: “If you enjoy online trading, I want to recommend Zurich Prime. I’ve had lots of experience with
Ali al Majid: “I’m a local businessman so I’m always looking for newer and better ways to make money in the market.
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