Hello People,
I'am writing about my case about this scam forex company called zurich prime.
STAY AWAY FROM THIS FRAUDULENT COMPANY.
Zurich Prime is not a licensed broker.
I have been defrauded by Zurich Prime Forex Trading.
I have been defrauded in excess of +$US 25,000.
Account No 720277 I lost $25,000 through bad positions , bad advice. Avoid them like the plaque.
At all times I was following instructions from Mr.Taiseera and occasionally Mr.Fahad (not sure these are real names).
All started good - a few small wins. I was encouraged to commit further capital and I did, progressively. agreement was they will match my initial dep of usd 250. and I could only be able to withdraw their portion after 1 month of trading.
At some stages I had to react within a very short timeframe (30 seconds or so) to directions of Taiseera . At several stages I was mentally exhausted keeping up with the directions provided ! keep pushing me to invest more money into Gold and other commodities and he said I would be able to earn double or more amount than I had invested.
Within 3 weeks my equity was standing at +USD 40000. Taiseera insisted I wait as he will build equity up to USD 65000 within next week!
I should have withdrawn full balance , but was stupid. I then placed withdrawal of USD25000, which they declined , based on Margin. then the following week Taiseera made some ludicrous trades, they seem to put you into opposite direction trades and all you do is lose even more this is of course after they make you a little profit and put it in more trades and can not get out.
As my commitment mounted up I began to what I now see as a continual pattern. I would always be advised to make a position which left my account exposed to automatic close. Hence i was aggressively encourage to commit more capital. It got to the stage that I was trapped - lose a significant amount or continue. In the face of losing around $US20,000 initially, I chose to continue to accept Taiseera directions.
with huge losses and my equity was down within two day to USD52100 , he stop may account , till to deposit .
Fahad systematically call me purposely freeze my money into their company hole for save not lose all money . Again the same pattern was apparent. At the end of each trading day, my account was in jeopardy and I was aggressively requested to commit more capital. Stupid me trusted them and I re-invested again, The same story applies. I was bit raise my mind when he told me that I would party on one month with big money returns.
than agean it got to the stage that I was trapped Fahad & Taiseera I am forced to deposit an amount so that I can recover money , i deposit 4700 USD after you make a deposit they stop call me Fahad .
This continued over a couple of months until I could not commit more capital and my account closed due to poor positions being advised by Zurich Prime.
than I try to call support to Help me ,, than Taiseera back for me they practically forced me to trade or else my withdrawal would be approve and then they misguided me into losing all my money.
Went into my account I order withdrawal my money ,He Agreed and sent me 1500 USD and removed USD3200 out of it leaving bal of Usd 87USD .
Having stated this, not only did Zurich Prime take commission on the Margins, but all my "real" money went straight into their pockets.
Zurich Prime. is an absolute fraud, i would never trust them with anything i am not even sure that they know how to trade. they just made me loose my money on purpose on the market because i wanted to withdraw it, they practically forced me to trade or else my withdrawal would be approve and then they misguided me into losing all my money.