Ikhtisar:ZurichFX Limited is a forex and CFD broker based in China. It was founded in 2010 and is unregulated. ZurichFX offers a range of trading platforms, including MetaTrader 4 and MetaTrader 5. The minimum deposit is 100 USD and the maximum leverage is 1:500. ZurichFX offers a variety of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The company also offers a demo account and 24/5 live chat and email support. ZurichFX Limited is not regulated by any financial authority, which means that your funds are not protected in case the broker goes bankrupt. It is important to only trade with regulated brokers, as this ensures that your funds are safe and that the broker is subject to oversight. ZurichFX Limited offers a range of trading platforms and tradable assets, which is comparable to other forex and CFD brokers. However, the fact that it is unregulated is a major concern. I would recommend that you consider trading with a regulated broker inst
Aspect | Information |
Company Name | ZurichFX Limited |
Registered Country/Area | China |
Founded year | 2010 |
Regulation | Unregulated |
Minimum Deposit | 100 USD |
Maximum Leverage | 1:500 |
Spreads | From 0.1 pips |
Trading Platforms | MetaTrader 4, MetaTrader 5 |
Tradable assets | Forex, CFDs on stocks, indices, commodities, and cryptocurrencies |
Account Types | Standard, ECN |
Demo Account | Yes |
Customer Support | 24/5 live chat and email support |
Deposit & Withdrawal | Credit/debit cards, bank transfers, e-wallets |
Educational Resources | Webinars, e-books, video tutorials |
ZurichFX Limited is a forex and CFD broker based in China. It was founded in 2010 and is unregulated. ZurichFX offers a range of trading platforms, including MetaTrader 4 and MetaTrader 5. The minimum deposit is 100 USD and the maximum leverage is 1:500. ZurichFX offers a variety of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The company also offers a demo account and 24/5 live chat and email support.
ZurichFX Limited is not regulated by any financial authority, which means that your funds are not protected in case the broker goes bankrupt. It is important to only trade with regulated brokers, as this ensures that your funds are safe and that the broker is subject to oversight.
ZurichFX Limited offers a range of trading platforms and tradable assets, which is comparable to other forex and CFD brokers. However, the fact that it is unregulated is a major concern. I would recommend that you consider trading with a regulated broker instead.
Pros | Cons |
Range of trading platforms | Not regulated |
Variety of tradable assets | Unprotected funds in case of bankruptcy |
Demo account | Lack of oversight |
24/5 live chat and email support |
Pros of ZurichFX Limited
Range of trading platforms: ZurichFX Limited offers a range of trading platforms, including MetaTrader 4 and MetaTrader 5. These are two of the most popular trading platforms in the world, and they offer a wide range of features and tools for traders of all levels of experience.
Variety of tradable assets: ZurichFX Limited offers a variety of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. This gives traders a lot of flexibility to choose the assets that they want to trade and to diversify their portfolios.
Demo account: ZurichFX Limited offers a demo account. This allows traders to test out the company's trading platforms and to practice trading with virtual money before they risk any real money.
24/5 live chat and email support: ZurichFX Limited offers 24/5 live chat and email support. This means that traders can get help with their accounts or with their trading whenever they need it.
Cons of ZurichFX Limited
Not regulated: ZurichFX Limited is not regulated by any financial authority. This means that your funds are not protected in case the broker goes bankrupt. It is important to only trade with regulated brokers, as this ensures that your funds are safe and that the broker is subject to oversight.
Unprotected funds in case of bankruptcy: If ZurichFX Limited goes bankrupt, your funds may not be protected. This is because the company is not regulated by any financial authority.
Lack of oversight: Because ZurichFX Limited is not regulated, there is no oversight of its activities. This means that there is no guarantee that the company is operating in a fair and honest manner.
Overall, ZurichFX Limited has a number of advantages, such as its range of trading platforms, variety of tradable assets, demo account, and 24/5 live chat and email support. However, the fact that it is unregulated is a major disadvantage. It is important to only trade with regulated brokers, as this ensures that your funds are safe and that the broker is subject to oversight.
ZurichFX Limited is not regulated by any financial authority. This means that the company is not subject to any oversight or regulation from any government agency. This is a major concern, as it means that there is no guarantee that the company is operating in a fair and honest manner.
There are a number of risks associated with trading with an unregulated broker, including:
Risk of fraud: Unregulated brokers may be more likely to engage in fraudulent activities, such as manipulating prices or refusing to withdraw funds.
Risk of bankruptcy: Unregulated brokers are not required to hold any minimum capital reserves, so they are at a higher risk of bankruptcy. If a broker goes bankrupt, your funds may not be protected.
Lack of dispute resolution: If you have a dispute with an unregulated broker, there is no independent body that can help you to resolve it.
It is important to only trade with regulated brokers. Regulated brokers are subject to oversight from government agencies, and they are required to comply with a number of rules and regulations. This helps to protect traders from fraud and bankruptcy.
ZurichFX Limited offers a variety of market instruments for trading, including:
Forex: Forex trading involves buying and selling currencies in pairs. ZurichFX Limited offers a wide range of forex pairs, including major, minor, and exotic currencies.
CFDs: CFDs are contracts for difference that allow traders to speculate on the price movements of assets without owning the underlying asset. ZurichFX Limited offers CFDs on a variety of assets, including stocks, indices, commodities, and cryptocurrencies.
Stocks: Stock trading involves buying and selling shares of companies. ZurichFX Limited offers CFDs on a wide range of stocks, including US stocks, European stocks, and Asian stocks.
Indices: Index trading involves buying and selling contracts that track the performance of a basket of stocks. ZurichFX Limited offers CFDs on a variety of indices, including the S&P 500, the Dow Jones Industrial Average, and the NASDAQ 100.
Commodities: Commodity trading involves buying and selling contracts that track the price movements of raw materials, such as oil, gold, and wheat. ZurichFX Limited offers CFDs on a variety of commodities.
Cryptocurrencies: Cryptocurrency trading involves buying and selling digital currencies, such as Bitcoin and Ethereum. ZurichFX Limited offers CFDs on a variety of cryptocurrencies.
It is important to note that ZurichFX Limited is not regulated by any financial authority. This means that there is no guarantee that the company is operating in a fair and honest manner. It is important to only trade with regulated brokers, as this ensures that your funds are safe and that the broker is subject to oversight.
ZurichFX Limited offers two types of accounts: Standard and ECN.
The Standard account is the most basic account type and is suitable for beginners and experienced traders alike. The Standard account has a minimum deposit of 100 USD and a maximum leverage of 1:500. Spreads start from 0.1 pips.
The ECN account is a more advanced account type that is suitable for experienced traders. The ECN account has a minimum deposit of 500 USD and a maximum leverage of 1:500. Spreads start from 0 pips, but there is a commission of 7 USD per round turn.
Here is a table summarizing the two account types:
Account Type | Minimum Deposit | Maximum Leverage | Spreads | Commission |
Standard | 100 USD | 1:500 | From 0.1 pips | None |
ECN | 500 USD | 1:500 | From 0 pips | 7 USD per round turn |
To open an account with ZurichFX Limited, you can follow these steps:
Go to the ZurichFX Limited website and click on the “Open Account” button.
Fill out the account opening form with your personal information and trading preferences.
Deposit funds into your account. ZurichFX Limited accepts a variety of deposit methods, including credit/debit cards, bank transfers, and e-wallets.
Once your funds have been deposited, you can start trading with ZurichFX Limited.
The maximum leverage offered by ZurichFX Limited is 1:500. This means that for every $1 you deposit into your account, ZurichFX Limited will lend you $500 to trade.
High leverage can be a very risky tool, as it can amplify both your profits and losses. It is important to only use leverage that you are comfortable with and to understand the risks involved.
If you are considering trading with high leverage, it is important to weigh the risks and rewards carefully. Make sure that you understand the risks involved and that you are comfortable using high leverage. You should also have a sound risk management plan in place.
ZurichFX Limited offers spreads from 0.1 pips for the major currency pairs, such as EUR/USD and GBP/USD. For minor and exotic currency pairs, the spreads are typically wider.
ZurichFX Limited also charges a commission of $7 per round turn for all trades on the ECN account. There is no commission on the Standard account.
Here is a table summarizing the spreads and commissions offered by ZurichFX Limited:
Account Type | Spreads | Commission |
Standard | From 0.1 pips | None |
ECN | From 0 pips | $7 per round turn |
ZurichFX Limited offers two trading platforms: MetaTrader 4 and MetaTrader 5.
MetaTrader 4 is the most popular forex trading platform in the world. It is known for its user-friendly interface and its wide range of features. MetaTrader 4 offers a variety of charting tools, technical indicators, and order types. It also offers a variety of tools for automated trading.
MetaTrader 5 is the newer version of MetaTrader 4. It offers all of the features of MetaTrader 4, plus a number of additional features, such as a built-in economic calendar and a wider range of technical indicators.
Both MetaTrader 4 and MetaTrader 5 are available for desktop computers, mobile devices, and web browsers.
Here is a more detailed comparison of MetaTrader 4 and MetaTrader 5:
Feature | MetaTrader 4 | MetaTrader 5 |
User interface | User-friendly | User-friendly |
Features | Wide range of features, including charting tools, technical indicators, order types, and automated trading | All of the features of MetaTrader 4, plus a built-in economic calendar and a wider range of technical indicators |
Availability | Available for desktop computers, mobile devices, and web browsers | Available for desktop computers, mobile devices, and web browsers |
Overall, both MetaTrader 4 and MetaTrader 5 are excellent trading platforms. They offer a wide range of features and are easy to use.
ZurichFX Limited accepts a variety of deposit and withdrawal methods, including:
Credit/debit cards
Bank transfers
E-wallets, such as PayPal and Skrill
The minimum deposit for a Standard account is 100 USD and the minimum deposit for an ECN account is 500 USD.
There are no fees for deposits or withdrawals.
ZurichFX Limited offers 24/5 customer support via live chat and email. The company also has a FAQ section on its website where customers can find answers to common questions.
Based on my research, ZurichFX Limited has a mixed reputation when it comes to customer support. Some customers have reported that they were able to get help quickly and easily, while others have reported that they had difficulty getting in touch with customer support or that they did not receive satisfactory responses to their inquiries.
It is important to note that ZurichFX Limited is not regulated by any financial authority. This means that there is no guarantee that the company will be able to resolve customer disputes fairly and impartially.
ZurichFX Limited offers a variety of educational resources, including:
Webinars: ZurichFX Limited offers regular webinars on a variety of topics, such as forex trading basics, technical analysis, and risk management.
E-books: ZurichFX Limited offers a number of free e-books on a variety of topics, such as forex trading beginners guide, how to read forex charts, and how to develop a trading strategy.
Video tutorials: ZurichFX Limited offers a number of video tutorials on a variety of topics, such as how to use the MetaTrader 4 trading platform, how to open and close trades, and how to use technical indicators.
The educational resources offered by ZurichFX Limited are comprehensive and informative. They are suitable for both beginners and experienced traders.
In summary, ZurichFX Limited offers a diversified array of trading platforms and tradable assets, bolstering its position as a viable option for traders. The firm also provides a demo account and extended customer support through live chat and email, ensuring that traders are able to practice and receive help when required. However, the lack of regulation can't be overlooked, posing a substantial risk to traders due to the lack of guarantee over the company's operation ethics and fund security. Therefore, while ZurichFX Limited offers appealing features, the risks associated with an unregulated broker should be heavily considered before deciding to trade with them.
Q: What is ZurichFX Limited?
A: ZurichFX Limited is a forex and CFD broker that offers a variety of trading platforms, a wide range of tradable assets, a demo account, and 24/5 live chat and email support.
Q: Is ZurichFX Limited regulated?
A: No, ZurichFX Limited is not regulated by any financial authority. This means that there is no guarantee that the company is operating in a fair and honest manner, and that your funds are safe.
Q: Should I trade with ZurichFX Limited?
A: I would not recommend trading with ZurichFX Limited. There are many regulated forex and CFD brokers available, so you should be able to find one that meets your needs and offers good customer support.
Q: What are some alternatives to ZurichFX Limited?
A: Some alternatives to ZurichFX Limited include regulated forex and CFD brokers such as Oanda, FXCM, and Pepperstone.
Q: What are some things I should look for when choosing a forex broker?
A: When choosing a forex broker, you should consider factors such as regulation, customer support, and trading fees. You should also choose a broker that offers a variety of trading platforms and a wide range of tradable assets.