Zurich Prime Forex Trading Review
Online trading is always a great way to make money. However, if you don’t have access to a reliable broker, this can also mean losing money. Therefore, it’s always important to understand every forex trading platform completely before investing your hard-earned money anywhere.
Today, we will indulge in Zurich prime forex trading review to see whether it’s the right choice.
In This Guide
- 1 Best Brokers That Are Better Than Zurich Prime
- 2 Quick overview of Zurich prime forex trading
- 3 What is the Zurich prime forex trading platform?
- 4 Assets portfolio of the company
- 5 Trading Accounts Zurich’s prime forex trading platform offers
- 6 Trading conditions for Zurich prime trading platform you must know
- 7 Other considerations about Zurich prime trading platform
- 8 Pros and cons of Zurich prime forex trading platform
- 9 Verdict
Best Brokers That Are Better Than Zurich Prime
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
$10 000 demo
FCA, ASIC, CIMA, SIBL
up to 50% bonus
VFSC, FSC, IBFC
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
up to $5000 bonus
Quick overview of Zurich prime forex trading
|Year of establishment||2007|
|Type of execution||PDF (No Dealing Desk)|
|Minimum deposit limit||$250|
|Islamic account availability||Yes|
|Managed Accounts availability||Yes|
|Customer Support service||Yes|
|Demo account||Not available|
|Leverage||Up to 1:400|
|Lot size (min)||0.01 lot|
|Payment options||Electronic payment system,
Credit cards transfer
What is the Zurich prime forex trading platform?
Zurich Prime is a forex broker based in Romania. U-Nex Solutions is the company that owns this trading platform. The company has launched this trading platform as a no dealing desk (NDD) CFD and forex broker. 2007 is the year of the establishment of Zurich Prime.
Even though the headquarter of this broker is in Romania, however, it has domiciled in the Marshall Islands. The primary drawback of Zurich prime is that the broker isn’t regulated.
Still, the trading platform offers an extensive platform that allows its punters to trade a lucrative range of assets. Most importantly, the platform ensures immediate execution at the best online price.
Assets portfolio of the company
Zurich prime forex broker has an extensive assets portfolio. The investment portfolio of this broker includes:
- Precious Metals
FX options at Zurich Prime consist of exotics, macros, and micros, just like other Top Forex Brokers For Micro Accounts.
- Precious metals at this broker include platinum, silver, gold, and others.
- Commodities include cotton, corn, sugar, wheat, coffee, etc.
- Energies include oil, natural gas, and others.
- However, the stock assets include Facebook and Apple and various other options.
Moreover, Indices, CFDs, and ETFs are also available in major markets.
Trading Accounts Zurich’s prime forex trading platform offers
Zurich prime trading platform has offered a lucrative range of live trading accounts. Fortunately, it also offers a swap-free Islamic account. However, this trading platform doesn’t offer any free trial or demo account to its punters.
Let’s have a look below to know more about each trading account type Zurich Prime offers:
|Account type||Minimum trade size||Minimum deposit||Average spreads||Maximum leverage|
|Standard||0.01 lots||$500||2.3 pips||1:400|
|Silver||0.01 lots||$2000||2 pips||1:400|
|Gold||0.1 lots||$10 000||1.5 pips||1:400|
|Platinum||0.1 lots||$50 000||1 pip||1:400|
|Islamic||0.01 lots||$500||1 pip||1:400|
Trading conditions for Zurich prime trading platform you must know
As mentioned above, Zurich Prime is offering a lucrative range of live trading accounts and trading assets. However, there are certain trading conditions that you must know before making any investment here.
Spreads and commissions
The spread size at Zurich Prime depends upon the type of live account you have and the initial payment you made. With a higher deposit amount, punters will get lower spreads. It means platinum account owners can have the lowest spread; that’s 1 pip.
Fortunately, the broker doesn’t charge any commission fee. However, it earns significantly from its spreads.
The minimum deposit limit on Zurich prime trading platform is $500. It seems too much, especially when you know the broker isn’t licensed and regulated. Additionally, this minimum deposit limit is also comparatively very high. Various brokers now offer a low minimum deposit limit of $10 for beginners.
1:400 is the maximum leverage you can get at Zurich prime. However, be aware of the fact that higher leverage doesn’t only increase your chances of making a profit but losses too. Therefore, it is always smart to limit your leverage to a bearable limit only.
Other considerations about Zurich prime trading platform
Social trading services
Sirix trading platform offers the consumers of Zurich Prime trading platform social trading services. Social trading at Zurich Prime allows traders to make money by copying transactions that other users of this platform have made. This service can make trading easier even for beginners.
Zurich Prime platform offers clients a 100% bonus for their initial deposits. However, the broker hasn’t been clear about how it will size the bonus. Moreover, no additional bonus offers are listed on the broker’s site.
Customer support service
As the company has its headquarters in Romania. Therefore, you can contact the customer support team from 9:00 to 21:00 Romanian local time. Moreover, customer support service through call is available for Monday to Friday only.
However, you can send the customer support team of Zurich Prime an email with your concern or query 24/7.
Acceptable payment methods
Zurich Prime trading platform allows its punters to deposit different resources. The broker accepts wire transfers, Neteller, credit card payments, MoneyGram, WebMoney, Qiwi, Ukash, and Western Union.
The broker has an academy section dedicated to educational material for beginners. This section has tutorials on trading tools, the Sirix platform, trading strategies, video on demand, and other resources for fundamental and technical analysis.
Zurich Prime has Sirix as its trading platform for desktop, mobile, and web users. This lucrative social trading platform allows users to copy deals to make money. This is a great feature, especially for beginners who can’t spend much time on trading.
Pros and cons of Zurich prime forex trading platform
Let’s have a look at the key pros and cons of the Zurich prime forex trading platform below:
Pros of Zurich Prime
- Allows social trading
- An extensive assets portfolio
- A lucrative collection of educational and training material
Cons of Zurich Prime
- Higher minimum deposit
- Unregulated and not licensed broker.
Overall, the Zurich Prime forex trading platform has well-rounded services for investors and traders with a mix of currency pairs. However, be aware that the broker isn’t regulated and licensed.