Zurich Corporation (ZurichCorporation.com) is a CFDs and Forex broker scam ready to rip off unsuspecting investors. ZurichCorporation is another scam to hit the lucrative trade world thanks to their empty promises. ZURICH CORPORATION is claiming to offer perfect trading solutions for users. Are all these claims true or is Zurichcorporation just another Forex scam? Read this detailed and honest Zurich Corporation review to find out what our investigators found out.
This broker has the audacity to claim that they offer the perfect trading solutions in perfect terms. What terms are these and how well do they offer these terms? Some of the online trading tools they have on their website include calculators and economic calendars. Anyone can download and get these tools, so what’s unique about ZurichCorporation? There’s nothing special with this broker, only notable feature is how well these scammers have set up their scam site.
Looking at the homepage, visitors are greeted with moving slides of this site’s best features. All this is meant to lure unsuspecting investors into signing up. If you haven’t noticed, that’s what scammers are all about. Making sure they grab your attention with fast moving images. And that’s the main problem with most scammers; they use the same bag of tricks. Zurich Corporation is no different as we will reveal all their dirty little tricks.
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Funding page reads that Isystems welcomes different kinds of depositing methods. Investors can choose to use Debit cards, credit cards and wire transfer. Depository channels listed on the homepage are MasterCard, Visa, Neteller, Perfect Money, and Web Money. Depositing money with Zurich Corporation is not the problem, issues start with making withdrawals.
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Most of the complaints revolve around the same issue, lack of access to withdraw funds. It’s clear that any investor who signs up with this broker will not be able to withdraw any funds. No matter how much profit you make, this broker adamantly refuses to allow withdrawals. And this is how most scam artists get away with investors funds, by refusing withdrawals.
A Registration number 00146087 can be seen posted on the disclaimer. Note that professional scam artists will do or say anything to make their platforms appear legit. Disclaimer also reads that this broker has offices in London, Switzerland, and Singapore. In order to operate in the UK, they have been registered by the FCA. This is not the case with Zurich Corporation.
A search done using the FCA register page reveals Zurich Corporation is NOT LICENSED. There are no results on the Register for “Zurich Corporation” is what the results indicate. It means we are dealing with a scam artist who is using fake credentials.
Looking at their homepage, there’s no documents to prove that this broker is registered. A real broker posts copies of registration certificates for all to see. This proves authenticity and promotes transparency.
There is doubt as to who actually is running the show with this platform. Scammers have done this for a reason, to make locating them a hard nut to crack. Disclaimer at the bottom reads Lexbond Systems LTD provides services on the website. Further down, another company LS Systems LTD from Bulgaria owns this site. It begs the question, among these two companies, who runs Zurich Corporation?
What seems to bother us even more is level of anonymity with this broker. There’s no mention of any real person who runs this website. Emails sent have not born any fruits as there has been no forthcoming answer.
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Zurich Corporation is offering four different account types to choose from. These accounts include Micro, Standard, Premium, and VIP account. A look at their accounts page will clearly help you see that we are dealing with unprofessional brokers. Their account comparison has numerous mistakes. Under trading products, Premium and VIP accounts apparently trade MT4 and mobile platforms. No professional broker would let this one slide.
Minimum opening deposit starts from $250, $5,000, $25,000, and $100,000. Telephone trading is allowed in all accounts except Micro account. Fund management is also offered in all accounts except Micro account.
And these two are the only visible differences with these accounts. Commissions are also available with Premium and VIP accounts. These are just marketing tactics to lure users to deposit with these two accounts.
Evidence clearly suggests that safety of funds is not a priority with this broker. It’s easier to make one million dollars playing the lottery than funds being safe with this broker. This broker conveniently fails to give details as to who their depository bank partner is. Where do they bank money deposited by users?
Zurich Corporation is disregarding the rules set by the financial regulatory bodies. Its possible users are depositing money straight to owner’s personal bank account.
Another disturbing feature with this broker is the fact that segregation of accounts is being disregarded. It means that Zurich Corporation is pooling funds in one account. In case of bankruptcy or insolvency, this broker will lose these funds. Zurich Corporation is not participating in a compensatory scheme. This means that members should not expect any compensation from this rogue broker.
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As it turns out, their demo account has been rigged in favor of users. Demo account will make over 90% successful trades in favor of users. Reason why these scammers are doing this is to fool investors into signing up with a real account. Investors are led to believe that the results will be mirrored with a real account. That’s never going to happen.
Without a shadow of doubt, Zurich Corporation is another scam that has hit the FOREX world. Make sure to warn your friends and relatives from signing up with this brokerage firm. Mark all their emails as Spam and never click on any links sent by these fraudsters. This is the only way to ensure that your funds stay safe from these professional scam artists. Remember that hackers use links to access personal details, refrain from accepting any links.
Adding this broker to our scam blacklist is the only option we have to protect investors. Closing the site will protect newbie traders from signing up with this broker. Stay away from brokers such as ZurichCorporation who don’t have the guts to offer real products. And now, you know the full details regarding this wannabe Forex broker.
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Finally, we wish you all the best in your Forex trading experience.
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