Zurich Prime Review

Review

Zurich Prime, launched in 2017, describes itself as a “no dealing desk” (NDD) Forex and CFD broker, headquartered in Romania, and domiciled in the Marshall Islands. Zurich Prime is not regulated. They provide a trading platform that offers traders a very wide range of assets for trading across Forex currency pairs, commodities, indices, and individual stocks wrapped as CFDs across both major and minor financial markets. Zurich Prime guarantee instant execution at the best available price.

Accounts

There are four different account types to choose from with Zurich Prime. The Standard account can be opened with a deposit of as little as $250, and it offers a minimum Forex spread of 2.3 pips. The Silver account can be opened with a deposit of as little as $2,000, and it offers a minimum Forex spread of 2 pips, but also includes a free daily analysis and signals package, as well as advice by a trading expert. The Gold account requires a minimum deposit of $5,000, and offers a minimum Forex spread of 1.5 pips.  The Platinum account requires a minimum deposit of $10,000, and offers a minimum Forex spread of 1 pip, as does the Islamic account which must be opened with a minimum deposit of $20,000. All accounts come with a few free perks, including a personal account manager, free signals for at least one month, and daily analysis, although the latter is not included in the Standard Account package.  A total of 33 Forex currency pairs may be traded, as well as 7 spot commodities including gold, silver, and crude oil. As many as 43 leading individual global shares and 10 major share indices can also be traded, as well as 4 major ETFs (exchange traded funds).

A demo account is not available, which is unusual in the Forex / CFD trading industry.

There are no commission fees: Zurich Prime earns from its spreads, and from overnight financing charges.

Features

Probably the most notable feature of this broker, in addition to the unusually wide range of assets offered for trading, is its mastery of the Sirix platform, which is a perfect vehicle for social traders.

Zurich Prime also offers an Academy containing educational content about trading in general and about Forex trading which can be useful to clients, particularly for beginners or less experienced traders concerned about their ability to navigate the market successfully.

The broker’s website also includes a well-tended Financial News section providing up to the minute overview about what is going on in the markets, as well as an economic calendar, market news, and graphical market summaries.

Education

Zurich Prime’s educational offering is centered on an Academy section contained within its website. The Academy includes a tutorial on the Sirix platform, trading tools, video on demand, material on trading strategies and a wide range of material about technical and fundamental analysis.

Bonuses and Promotions

A bonus equal to as much as 100% of the deposit may be awarded to clients. It is unclear what factors influence the determination of the allocation of the bonus, and whether there are any additional bonuses.

Deposits/Withdrawals

Depositing funds into a Zurich Prime account is an easy and secure process. Deposits may be made using a range of methods, including CashU, debit cards, credit cards, bank wire transfer, Neteller and Webmoney. Withdrawals can be made through the same methods.

Customer Support

Customer support is based in Romania. Clients can contact a Zurich Prime representative by telephone from 9am to 9pm Romanian time between Monday and Friday inclusive, and can use email anytime of the day.

Conclusion

Zurich Prime seems to have a very well-rounded offering for traders looking to trade a mixture of major and minor Forex currency pairs, as well as the most popular global individual shares, commodities, and indices.

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Features

Zurich Prime has many attractive features including the website itself which includes a simple set-out of crucial information regarding their offer and easy access to vital information. In terms of features, the stand-out strengths of this broker’s offerings are:

• A “no dealing desk” (NDD) dealing model.
• A wide choice of account types, plus an Islamic account option.
• A minimum deposit of $250.
• Very generous maximum leverage of 400 to 1.
• Provision of one of the most popular trading platforms in the industry: Sirix Station and its online equivalent, Sirix Web Trader. A smartphone application version of Sirix is also provided.
• A range of instruments available for trading: all the major and minor Forex currency pairs, as well as a few exotics; also, an unusually wide range of indices and commodities (including softs) as well as a large selection of major individual global shares.
• 4 major ETFs (exchange traded funds) are also offered for trading, which is an unusually broad provision by the standards of the Forex/CFD trading industry.
• A comprehensive educational offering through a dedicated Academy.
• Up to date summaries of market news, instrument outlooks, and an economic calendar.

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Platforms

Sirix Web Trader

Zurich Prime offers the advanced web-based SIRIX trading platform. SIRIX is becoming something of an industry standard and is offered by a wide range of Forex brokers. The platform is entirely web-based, requiring no download or software installation. The platform has a built-in, sophisticated charting package including the most popular technical indicators and one-click trading. Sirix also includes an innovative social trading element, where within the actual platform itself you can see what other traders are buying and selling, giving traders the chance to learn from other traders and share in real time as they trade.

Sirix Station

The Sirix Station trading platform is the most dynamic and popular platform throughout the financial industry. It is the downloadable program version of the web-based Sirix Web Trader. The platform’s advanced functionality allows Zurich Prime traders to make accurate predictions and successful trades. Downloaded in one click and fully customized, the platform allows traders to trade a variety of assets all from one single interface, and is accessible anywhere, anytime. It is user-friendly, easy to operate, includes one-click order capabilities, and has a fully integrated live social/copy trading capability.

Sirix Mobile Trader

The Zurich Prime mobile platform consists of the Sirix platform application that is specially designed for iOS and Android powered phones and tablets. It enables traders to manage their trading portfolio and access live rates, open and close positions, view charts, and perform many more functions, enabling trading on the go. The Sirix Mobile Trader app includes the following features: a full-function trade platform, real time charts, instant execution of trades, free charts, and an execution and examination of pending trade orders.

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User Reviews

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