For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about Zurich Prime Review. This broker offers What Is Amazon Prime five different account types, including Standard, Silver, Gold, Platinum, or Islamic. Leverage options and trade sizes are shared by all accounts and the differences seem to come in the form of deposit requirements and spreads.

It is user-friendly, easy to operate, includes one-click order capabilities, and has a fully integrated live social/copy trading capability. 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. Apart from credit cards and wire transfers, the broker also accepts deposits via Neteller, Ukash, Qiwi, WebMoney, WesternUnion, and MoneyGram. Zurich Prime offers the Sirix trading platform for desktop, web, and mobile devices.

Since an entire portion of this section is devoted to a Beginner’s Course, one could defiantly say that this broker is doing their part to educate any novice traders that come their way. If you’re more interested in tools, you’ll be able to find an economic calendar, market news, financial news, summary news, and social trading available on the website as well. Zurich Prime offers a wide range of live trading accounts including an Islamic account without swaps. Fortunately, the broker has done away with commission fees altogether, which makes it easier to keep up with costs. The broker has a policy that is somewhat of a nuisance, where profits must be withdrawn through Wire Transfer for amounts of at least $100 USD. This could potentially restrict one from withdrawing their profits, even if they were very close to meeting that limit.

zurich prime forex trading

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.

  • Additionally, this minimum deposit limit is also comparatively very high.
  • For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about Zurich Prime Review.
  • The broker does mention that transfers may be subject to currency conversion charges, bank fees, or provider fees that are not reimbursable.
  • 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).

Many will be happy to see that this broker has created an entire account type for Islamic clients, although the cost may turn away some of the broker’s potential clients if they cannot meet the requirement. A minimum trade size of 0.01 lots is required on the Gold and Platinum account types. We don’t see any information about maximum trade sizes or stop out levels on the broker’s website. Zurich Prime trading platform allows its punters to deposit different resources.

We weren’t certain if the broker would actually make it impossible for clients in certain countries to register, so we did check out their registration page to double-check. We were happy to find that the United States, Canada, Japan, North Kora, and several options that are typically restricted can, in fact, open an account through the broker. Standard or Silver account holders will not qualify for any type of bonus opportunity. The Gold level account qualifies for a 10% Welcome Bonus, while the Platinum and Islamic accounts qualify for a 20% Welcome Bonus.

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. The foreign exchange component is an often neglected part of financial transactions, which can cause additional cost or even make transactions more difficult. With FX Prime your currency matters are no longer an uncertain byproduct.

The very best spreads are reserved for the most expensive Platinum and Islamic accounts, with starting spreads from 1-2 pips, when trading major currencies. The second-best option of 3-4 pips is exclusively offered on the Gold Account. At the bottom of the list, we see spreads from 4-5 pips on the Standard and Silver level accounts. This broker has done away with commission fees entirely, meaning that traders will only pay costs through spreads and swaps. Those that are looking to open a traditional Islamic account may be satisfied to see that the broker has tailored an attractive account for them specifically.

The social trading platform helps traders make money by copying trade deals. This function is good for beginners or those who do not want to spend time on trading. The broker also provides its customers with a wide choice of trading assets such as currency pairs, CFD on various instruments, indexes, commodities, and stocks. ZurichPrime offers welcome bonuses upon opening some of the types of accounts. They, of course, are granted on company discretion and have many conditions.

zurich prime forex trading

The primary drawback of Zurich prime is that the broker isn’t regulated.

zurich prime forex trading

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. However, foreign portfolio investors were net buyers on Friday, purchasing shares worth 43.91 billion rupees ($525.8 million), while domestic investors offloaded stocks worth 12.90 billion rupees, exchange data showed.

zurich prime forex trading

We look into foreign exchange matters directly, provide tailor-made strategies. At Fuchs&Langen we look for the best in class solution for every individual client. On our forex and precious metals matters we therefore work with FX Prime, who enables us to offer our clients the best liquidity and vast savings in execution cost. They are a very proactive partner, always reachable, even in difficult market situations.

In todays continuously evolving regulatory environment, pricing transparency and compliance become ever more important. We have developed a unique multibank FX execution model, which is a combination of prime brokerage and best execution. This solution goes beyond traditional bank execution and offers you the best liquidity and transparent pricing thanks to a network of 20 top execution banks for FX spot, forwards, and options. Taking into consideration the fact that the broker does not have any licence, such amount of money is rather large to start trading. The customer support services are accessible via live chat, phone call and email 24 hours a day and 5 days per week for any trading problem their clients face.

They include forex, CFDs on various instruments, as well as trading in indices, commodities and stocks. We don’t see the most popular options MetaTrader 4 or 5 available through this broker. Instead, the company supports the SIRIX platform, which is accessible through WebTrader, PC, or on mobile devices, including iOS and Android. The platform advertises advanced functionality that allows traders to make accurate predictions that lead to successful trades. 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. Depositing funds into a Zurich Prime account is an easy and secure process.

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