Zurich Prime Forex Broker

Note: Zurich Prime's official website: https://zurichprime.com/ is currently inaccessible normal.Zurich PrimeReview SummaryFounded2014Registered Country/RegionRomaniaRegulationUnregulatedMarket InstrumentsFX, Precious Metals, Commodities, Energies, Stocks, ETFs, Indices, and CFDsDemo Account❌LeverageUp to 1:400Spread2.3 pips (Standard account)Trading PlatformMT4Min Deposit$500Customer SupportService time: 9 am - 9 pm Monday - Friday (Romanian time)Phone: +447490871841Email: Sales@zurichprime.comSocial Media: TwitterZurich Prime Information Zurich Prime, launched in 2014, describes itself as a “no dealing desk” (NDD) Forex and CFD broker, headquartered in Romania, and domiciled in the Marshall Islands. 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. Howeverm, it is not regulated and several watchdogs – UKs 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.Pros & ConsProsConsDiverse trading instrumentsLack of regulationMT4 supportedHigh minimum deposit requirementOfficial website unavailableWide spreadsIs Zurich Prime Legit? Zurich Prime has not been regulated by any authorities. You should stay away from this site to keep safe.What Can I Trade on Zurich Prime? This brokers investment portfolio includes FX, Precious Metals, Commodities, Energies, Stocks, ETFs, Indices, and CFDs. FX options are made up of majors, minors, and exotics. Precious Metals include Gold, Silver, Platinum, and others. Commodities include Coffee, Wheat, Corn, Sugar, Cotton, and others. Energies are made up of Natural Gas, Oil, and others. Stocks include major options like Apple and Facebook as well as lesser-known options with a leverage of up to 1:25. Four ETFs, Indices, such as the Dow Jones and NASDAQ, and CFDs on a large variety of instruments in all major markets are also available. The broker doesnt provide an entire list for each category, so it was impossible for us to count the exact amount that is available for each category. While we would have liked to see more transparency here, there is enough information to determine that the broker is offering a large variety of instruments.Trading AssetAvailableforex✔Precious metals✔commodities✔energies✔stocks ✔ETFs✔indices✔CFDs✔cryptocurrencies❌Account Type/Leverage/Fees The broker does not offer demo accounts, but there are five different account types. You can see account features in the table below:Account TypeMin DepositMin Trade SizeMin LeverageAverage SpreadStandard$5000.01 lots1:4002.3 pipsSilver$2 0000.01 lots1:4002 pipsGold$10 0000.1 lots1:4001.5 pipsPlatinum$50 0000.1 lots1:4001 pipIslamic$5000.01 lots1:4002 pip There are no commission fees: Zurich Prime earns from its spreads, and from overnight financing charges.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5❌Desktop, Mobile, WebExperienced tradersMT4✔Desktop, Mobile, WebBeginnersDeposit and Withdrawal 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.