Overview of Zurich Prime
The broker Zurich Prime has four different trading accounts. An Islamic version of Standard account that is swap-free is also provided. However, the broker does not offer any demo trading account. The broker has a plethora of trading instruments and its product portfolio include instruments like foreign exchange, indices, commodities and shares. The broker is operational from Romania and received scam warning from several financial regulators. The broker provides higher maximum leverages and spreads on a non-MetaTrader trading platform. However, we have identified several issues of this broker. They are shown in details in this Zurich Prime review. Read full Zurich Prime review here.
About Zurich Prime:
The offered four trading accounts are Standard, Silver, Gold, and Platinum. It also offers Islamic swap-free version of Standard account. The required minimum investment of $500, $2000, $10000 and $50000 should be deposited to operate these accounts. The Islamic account also needs $500 of initial deposits. Mini and macro lots like 0.1 and 0.01 are facilitated on these four accounts. All four trading accounts offer 1:400 leverages. Spreads are ranging from 1 pip to 2.3 pips are provided from standard to premium trading accounts.
The company called U-Nex Solutions based in Romania is the owner of the brand Zurich Prime. Nevertheless, the broker is not regulated and has received scam warning against it by the Financial Conduct Authority of the United Kingdom and the Ontario Securities Commission in the year 2015 and 2016 respectively. Zurich Prime is allegedly called the crook company, fraud, scam, fake and unprofessional on several social media platform. The broker provides Sirix trading platform instead of MetaTrader. It is available on desktop, mobile and web platforms. It was developed by Leverate recently and has some features like MetaTrader. But it does not support advanced features present in MetaTrader. The broker also provides many trading bonuses. Also, many promotional offers can be seen. However, they are entitled to many unrealistic terms and conditions. The payments at Zurich Prime is performed via several ways like credit card and bank transfer. Also, many electronic wallets are supported.
Is Zurich Prime scam or legit?
Zurich Prime is situated in Romania and operates without a license. It has been blacklisted by FCA and OSC. MetaTrader is not supported and it requires high initial investments. Spreads and leverages provided are unacceptable. It also has received several complaints. All of this makes Zurich Prime a potential scam broker 2020.