ZurichPrime is a forex broker that is not regulated. Also, they accentuate how they prefer personal approach that encourages traders to reach their full potential. ZurichPrime also offers various types of bonuses, account types, perks and benefits that can allegedly help traders trade even better.
In the ZurichPrime review that follows, our readers can find out more about spreads, different trading platforms and accounts, as well as customer support and deposit and withdrawal methods.
ZurichPrime has 5 different account types that traders can choose from:
In the text that follows we will help you understand what every account has to offer.
It is available with $250 minimum deposit and includes video tutorials, spreads that range around 4-5 pips with most popular currency pairs, and online market news and reviews.
Silver Account is available with $500 minimum deposit, but the ZurichPrime failed to elaborate what makes it so special, as all features are already available with Standard Account. IF you want to open a Silver Account, make sure to ask customer support whether there are some other perks waiting for you as well.
This account type is available with $2,000 deposit. Users get spreads that range from 3-4 pips with most popular pairs, and 10% market bonus. For additional $10 per month, they can also receive all financial news to their mobile device.
Platinum account is available after $10,000 minimum deposit. Traders get 20% welcome bonus and spreads that range around 1-2 pips for popular pairs. All financial updates are sent to traders without additional fees and there is personal trading available.
Islamic Account is available only after $20,000 deposit. It gives traders the opportunity to trade according to Sharia law and all benefits of platinum account.
Please keep in mind that minimum deposit limits can be somewhat confusing, as different amounts are listed on the same page. Make sure to check all the limits before making a deposit.
ZurichPrime also offers a free demo account, but unfortunately, we were not able to open a demo account as we were always redirected to real trading account. That is something this broker should work on, as ZurichPrime demo would be an amazing addition to their portfolio.
ZurichPrime offers some interesting bonuses, so we checked their terms and conditions. Traders are eligible for bonus only after they make a deposit in the amount of $1,000. The bonus is removed from the trading account after 30 days. The trading volume on the website is described as “Profits accumulated in an Account that was grant with Bonuse(s) shall be eligible for withdrawal subject to 0.1 Standard Lot round turn transactions per $1 of Profit.”
Removal of the bonus from the trading account can have consequences on the margins and spreads in the future. Make sure to understand all terms and conditions before you accept any bonuses.
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ZurichPrime review showed how the main platform provider for this broker is Sirix. Traders can select:
All traders get a 10-minute trial to see what the trading platform looks like. On the left side, traders will find a list of assets. The assets are organized in categories so you can trade your favorites, forex majors, forex minors, major metals and commodities by few clicks of the mouse. You don’t have to scroll various times to find the asset you are interested in.
In the middle of the platform, there is a chart traders can use to follow market movements. Above it is a place for trading where you can place your trades. On the right side is a list of most successful traders. You can use it for social trading and simply copy trades from other users.
Sirix platforms enable traders to trade in the environment they find to be the most comfortable – on their mobile platform, in their browser, or directly on their PC via downloaded software.
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ZurichPrime customer support is available via live chat, email and an online form. Account managers can be reached via phone as well, but the phone numbers are not available to public.
We tested the live chat customer support. The agent was withi us within a second, but provided very little additional information. He pushed us towards opening an account instead and mentioned that personal managers can give us more info.
The academy section contains several very short videos that can give traders some info, but the overall impression is that this is no systematic in-depth education, but rather a quick guide.
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ZurichPrime gives traders a chance to trade forex with $250 deposit. Traders can use sevfelral e-wallets, including local ones, bank wire and credit cards and debit cards.
The minimum withdrawal is $100, and the amount that can be withdrawn via credit card cannot exceed the deposited amount. The amount that exceeds the deposited amount, must be withdrawn via bank wire. It usually takes 7-10 days for a withdrawal to be processed, which is longer than the industry average. It can take up to 30 days for the withdrawn amount to be visible on your bank account.
Also, in case of a bank wire, bank can charge you with additional fees. Withdrawals can’t be executed unless the trader verified account properly by delivering the passport number, driving license, photocopy of a valid identity document, utility bill or header of a recent bank or card statement.
ZurichPrime is a forex broker owned and operated by U-nex Global LTD, Marshall Islands.
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