Updated on March 13, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Zeurcher Capital due to the issues we've identified.
Is Zeurcher Capital Scam or Legit Broker? ▲
Engaging with Zeurcher Capital for trading activities is highly discouraged, as substantial evidence suggests it operates as a scam. The broker fails to disclose critical information on its website, such as company address, location, registration, or even the legal entity name. This lack of transparency is a significant red flag, indicating that Zeurcher Capital is an unregulated and therefore illegal operation.
Registration and Licensing
Registered in: No Registration
Type of License: No License
Is Zeurcher Capital safe to trade: No
Recommended Licenses: FCA in UK & ASIC in Australia
Given the absence of any regulatory oversight, traders are left without the protections typically afforded by reputable regulatory bodies like the FCA in the UK and ASIC in Australia. This situation places traders at a high risk of fraudulent practices and financial losses.
Regulatory Warnings
The Austrian regulatory authority, FMA, issued a warning against Zeurcher Capital for conducting banking transactions without the necessary license. This unauthorized activity extends to trading financial futures contracts, including equivalent instruments settled in cash, as well as call and put options on said instruments. Following Austria's lead, other European regulators have also raised concerns about Zeurcher Capital's operations.
Zeurcher Capital advertises itself as a leading online trading provider, specializing in Cryptocurrency trading through cutting-edge online technology. It claims a global presence with offices in major cities like London, Germany, Spain, and France, positioning itself as the largest Cryptocurrency broker in Europe, Oceania, and the Middle East.
However, the broker's claims are marred by a conspicuous lack of official documentation or proof of registration, casting doubt on its legitimacy and trustworthiness. The absence of such fundamental information suggests that Zeurcher Capital may be operating as an unregulated or offshore company, which is generally considered unreliable and risky for traders.
Regulatory Concerns
The Austrian authority FMA's warning against Zeurcher Capital highlights the broker's illegal operations within Austria, further echoed by other European regulators. This regulatory scrutiny underscores the broker's questionable legal standing and the potential risks involved in dealing with it.
In summary, it is strongly advised to steer clear of Zeurcher Capital due to its unregulated status and the numerous red flags that suggest it might be a scam. For those seeking a reliable trading experience, it is recommended to opt for brokers regulated by reputable authorities like the CySEC or similar European entities that offer substantial trader protection measures.
Traders are encouraged to consider well-regulated brokers such as those in the UK, Australia.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.