Zurich Markets is a new offshore Crypto / Forex CFD Broker, that launched their website in June 2020.
They are actually owned and operated by a company in the Marshall Islands. They list a virtual address of: Dreikönigstrasse 36, Zürich, Switzerland. The contact phone number is: +41445514202, and email address is [email protected]. Official website is: ZurichMarkets.com. If you have a complaint or withdrawal problems at a broker, read this.
Zurich Markets Broker Review
Our review of the new brokers Zurich Markets shows that they offer their investor clients a web-based CFD trading app, made by Finantick. The trading software is 100% web based and it has CFD trading on the most common underlying assets. Their asset list included; Major & Minor Forex pairs, Crypto Currencies, Shares and Stock Market Indexes.
If you are a serious investor, you will quickly see that Zurich Markets does not have MetaTrader5, just a simple Android mobile trading app.
Four trading account types are offers, and they say that the minimum deposit requirement for a classic account is $5000. In reality, the system allows you to start trading with only $250. Most regulated brokers only have a minimum deposit requirement of $100, see here.
Fake News Trading Apps!
We signed up for a software called Bitcoin Code, and they promised that we will make a lot of money with their app, simply by turning it on. There are hundreds of these “Get Rich Quick” trading apps, which are promoted online via Fake News articles, and questionable Top 10 websites.
Don’t believe what the video said, or you will also lose your money, read why.
Is Zurich Markets Legit?
No, Zurich Markets is not a licensed or regulated broker.
The way that Scam Broker Investigator reviews a new Crypto or Forex broker, to see if they are legit or a scam broker is by checking the FCA for a license. All brokers in Switzerland must be licensed and regulated by FINMA. There are many websites proclaiming to be legitimate Forex brokers, but without a valid license, they cannot be trusted with your money.
Before investing with an online broker, it is incumbent upon you to do your due diligence, and check for an active license from FINMA.
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ForTrade is a fast growing CFD broker, that is licensed in the United Kingdom, Australia and Europe, read more.
You should signup for a free demo, and experience their user friendly trading app, signup here.
If you are already investing money at Zurich Markets, we ask that you share your experience in the comments section.