Zurich Prime Forex Trading Review

Updated on: May 25th, 2022

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.

Best Brokers That Are Better Than Zurich Prime

Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
FXCC

VFSC, CySEC

100% bonus

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
Your capital is at risk.
2.
Fusion Markets

ASIC, VFSC

N/A

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.
Avatrade

ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

up to 40% bonus

$100

400:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
easyMarkets

CySec, ASIC, BVI

up to 50% bonus

$100

400:1

Review Visit Site Visit Site
Terms & conditions apply
Your capital is at risk.
5.
Deriv

VFSC, FSC, IBFC

N/A

$5

1000:1

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Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
6.
Blackbull Markets

ASIC, VFSC

$10 000 demo

$50

500:1

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Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

up to 10% credit bonus

$100

500:1

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8.
Vantage FX

FCA, ASIC, CIMA, SIBL

up to 50% bonus

$100

500:1

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Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

Quick overview of Zurich prime forex trading

Headquarter Marshall Islands
Year of establishment 2007
Regulation No
Type of execution PDF (No Dealing Desk)
Trading platform Sirix
Minimum deposit limit $250
Segregated Account Yes
Islamic account availability Yes
Managed Accounts availability Yes
Signals Yes
Customer Support service Yes
Demo account Not available
Spreads Variable
Leverage Up to 1:400
Lot size (min) 0.01 lot
Payment options Electronic payment system,

Wire transfer,

Credit cards transfer
Institutional accounts Available

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:

  • FX
  • Commodities
  • Precious Metals
  • ETFs
  • Energies
  • CDFs
  • Stocks
  • Indices

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.

Minimum deposit

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.

Leverage

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.

Bonus offers

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.

Educational material

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.

Trading platforms

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.

Verdict

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.

Zurich Prime forex trading

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