Forex

Zurich Prime Review – is it scam or safe?

Zurich Prime Review  – is zurichprime.com scam or safe forex broker?
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4 REVIEWS

 Trading accounts

 

 

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

 

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.

 

Trading Platforms

 

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.

 

Promotions

 

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.

 

 

Conclusion

 

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.  

 

 

Pros Cons
  Unregulated
  High initial deposit.
 

 

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Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

Pros

Cons

 

 

Traders` reviews for Zurich Prime

Zurich Prime Scam - I lost 85000$

This company is a total scam once you start to deposit small amount of money they will keep calling you to deposit more and Everytime you deposit more you see that you profit more but the can't withdraw the money and as soon as you tell them you don't want to invest more you start losing your money quickly in a matter of days, I lost 85000$ DO NOT DO NOT TRUST THIS COMPANY AND ITS SCAM BROOKER.

Hossein 05/06/2017

Zurich Prime: I want my money back

I was interested to invest money with this broker after I saw their adverts online saying to can trade with them and make money.
I invested 250$, I am a student and do a little job. I was hoping to make some more cash to sustain my bills. After I was contacted by one of their agent Natasha(fake name) convincing me to invest and that I will not lose because:
Zurich Prime has money management system: You cannot trade all your asset but just a portion of it per trade.
Besides, if I see that it is not for me, I can withdraw my money and the possibility to lose are very slim.
So I decided to invest the money. The following day i was contacted by the broker Franc(Fake name) to get training and start trading.
He guided me in a wrong direction, then I was that I was making loss. Then he aggressively asked me to add 1000$. I told him that I dont have. Then I decided to request for the refund, by then I lost already 8$ and had in my account 242$ as per below screen-short.
After that, I received a call from Franc saying I am going to authorize the refund and I am done with you, but it will take 5 working days. 10 minutes later, he gave me a call saying that he open a position(of which I did not ask him)and I made loss therefore I owe the company 128$. I felt like dying, and he hang up. I sent him a message requesting to pay my money back, he never contacted me. To my greatest surprise, I saw another transaction on Saturday morning of 250 $ off my bank account to Zurich prime as per below screen-short.
I never trusted anyone with my banking details, since I thought there are a serious organization then I did. Now Zurich prime owe me 492,20$.
I am not the only person who complains about them. I have done some research on them and find out that Zurich Prime is a scam broker.

I WANT MY MONEY BACK

Isaiah Tunga 05/01/2017

yes they are fraud company

Yes They are Fraud Company and Scam , they will call you and offer you and promise you with Return on investment , I used to have an account with an assigned professional account manager (as they call themselves ) I have lost all of my money more 55K in one go , I used to ask for withdrawals they used to promises me with more income , but all promises just to drag you to the Trap and take your money , I will sue them .

Abdulaziz 04/24/2017

Reply from Zurich Prime

Hello Forex Brokers,
We appreciate the time you took to review our service. With your permission, we would like to touch on a few points mentioned which we believe may be misleading to your readers:

Regulation: Although Zurich Prime is not formally regulated, Zurich Prime upholds all compliance requirements in each and every aspect of the company’s operations, in accordance with the strictest European regulation standards.

Withdrawals: We have a fully visible, clear and strict withdrawal policy upon the website which we follow to the letter. No client’s withdrawals are withheld when the client meets his agreed withdraw requirements.

Complaints: All customer complaints mentioned in your review were resolved at a later stage. Prior to trading, each and every client is openly advised on the risks of trading in the forex market and that it may not be suitable for everyone. We make sure all our clients are aware of the risky nature of investment that is forex, an investment vehicle that may result in either high profits or losses. Sadly, some of our clients lost their funds and in order to recollect the losses prefer to blame the system, often on public platforms in order to pressure the company.

Education: We offer a wide range of the latest educational materials and resources that can be found here: http://zurichprime.com/education/

Satisfaction: Our brand's success speaks for itself- Zurich Prime enjoys a huge number of content and satisfied clients, many of them earning profits daily.

Thank you for allowing us to clarify these issues.
Zurich Prime

Zurich Prime 03/05/2017
Forex