Is Zerich broker a scam or not? Real reviews from traders

Good afternoon, friends, today I suggest you familiarize yourself in detail with the pretty good broker Zerich. Those who are interested in the stock market have probably heard about this company. After a quick look at it, I have only positive impressions, but I prefer not to make hasty decisions . That’s why I suggest you join the review, because if you evaluate Zerich, reviews are not the best way to get an idea about the company; it’s better to figure it out yourself.

The company can be called a real heavyweight - it has been operating for more than 20 years , and the start date of its activities can be considered 1995 . It was then that the purchase of a controlling stake in the Stoilensky mining and processing plant and the Tver excavator plant was made. In addition, at the same time, the company actively invested in the Lebedinsky Mining and Processing Plant, the Magnitogorsk Iron and Steel Works, and the Sredneuralsk Copper Smelter class=”aligncenter” width=”1024″ height=”565″[/img]

In the same year, Zerich began to actively work with blue chips, that is, with shares of companies such as Lukoil, Rostelecom, Mosenergo, and UES of Russia. So the start turned out to be quite fast.

Details

Detailed review

OJSC IC "

ZERICH

Capital Management is a professional participant in the financial market, providing a wide range of services for private and institutional investors for more than 20 years.

Stock broker

has been operating since 1993, belongs to the ZERICH group. During its existence, the company has managed to gain valuable professional experience, as well as an impeccable reputation.

Is Zerich a scam or a company you can trust with your money and time? We will answer this question in a detailed review of the broker.

Trading and Investment Tools

Zerich broker offers the following trading and investment instruments:

• currency pairs;
• stock;
• American and global depositary receipts ADR/GDR;
• bonds and eurobonds;
• options contracts, options on futures, indices, currencies and commodities are available;
• securities of foreign exchange-traded investment funds – ETF;
• commodity and financial futures contracts.

All of the listed instruments can be traded from one account on the Zerich Trade Station trading platform.

International markets

As noted earlier, Zerich clients have the opportunity to invest their funds in 25 countries around the world on 100 sites. These include NASDAQ, New York, Frankfurt, Tokyo, Hong Kong and other exchanges in the USA, Canada, China, Mexico, Germany, Britain and many other countries.

Traders have access to transactions not only with any individual futures, stocks and options, but also with entire portfolios of various securities - all this is equally offered by . Customer reviews often affect the conditions for transactions.

As for tariffs:

— as noted above, the minimum amount required to open an account is from $5,000,

- brokerage fee - $0.005 per share if there is a turnover of more than 3 million shares per month or $0.5 per contract for 100,000 or more contracts per month (these rates are valid for US exchanges).

Platform zerich.com

Brokers try to provide their clients with the most advanced and convenient platforms for trading. On the website zerich.com you can find several platforms that can be used in web versions or installed as software on your computer or smartphone:

• QUIK is a powerful trading terminal that is a standard on the Russian market. Provides access to more than thirty global trading platforms. Version available for both computer and phone.
• Qscalp is a terminal that was designed specifically for intraday trading and the needs of scalpers. Users have the opportunity to use a unique mechanism for trading operations, a graphical feed of transactions, as well as tools for performing cluster analysis and much more.
• StockSharp is a platform that, unlike others, is free. Allows traders to create trading robots, as well as automate the full cycle of algorithmic trading.
• XTick Extreme is a professional system for performing technical analysis on the stock, derivatives and foreign exchange markets of the Moscow Exchange. Analysis can be performed in real time.

Various training materials are provided for inexperienced clients. For example, the company has a separate website called “School of Stock Exchange Skills,” where the client can find video lessons on topics of interest. The broker offers professional training in trading and working with the stock market, which is based on a combination of theory and practice, consultations with experienced traders.

Broker quotes

The company's website zerich.com states that the broker provides clients with the opportunity to view international market quotes in real time in the QUIK trading terminal. This section also indicates that the information is provided under the CERICH Capital Management agreement, and the data provider is Information Service Group LLC.

Zerich Sites

A website is a showcase of any company and it largely determines whether it will be possible to interest a potential client or whether he will pass by. In this sense, the official website of the Zerich broker, zerich.com, seemed extremely inconvenient to me. It is designed in the popular news blog format; it is not displayed correctly in all browsers, and it is difficult to find the necessary information. The most important information is not available online and can be viewed only after downloading about 80 files in doc and pdf format. For convenience, it is recommended not to use the main menu at all, but to open the “Site Map” section: zerich.com/site/sitemap.html.

The website of Zerich Securities Limited - zerich.eu/ru/ at first glance makes a much more solid impression. But there are some surprises there. For example, when you try to get acquainted with the specifications of trading instruments, you are redirected to the English-language website of the American broker Interactive Brokers. There is no explanation as to why this was done on the Zerich portal.

Savings account

An interesting investment instrument, unique in terms of the ratio of profitability and accessibility. This combines the advantages of an individual investment account, which must first be opened, and trust management by a broker. A savings account is offered as an alternative to a bank deposit for creating pension capital. The minimum initial investment amount, like the IIS, is 10 thousand rubles, the same tax deductions remain. Profitability depends on the chosen investment strategy, but it is certainly higher than that of bank deposits. Unfortunately, there is no way to see the yield curve in real time, which reduces the credibility of the figures.

And besides, the website shows profitability for 2021; there is no information for 2021 yet. Questions also arise from a risk perspective. On the one hand, the funds are stored in the National Settlement Depository, which virtually eliminates their loss as a result of the bankruptcy of the broker. On the other hand, nothing is said about the risks associated with the volatility of investment instruments. Unfortunately, this approach is also typical for other brokers: when promoting the “Kopilka” service, Finam does not provide detailed information on profitability and risk. KIT Finance does not have such a tool.

How is trust management organized?

The possibility of trust management appeared a long time ago, back in 1997. So if independent stock trading seems too difficult for beginners, you can always invest in more experienced colleagues.

It’s worth mentioning right away about the cost of the service:

• 1.9% per year will have to be paid directly for management
• if income exceeds 8% per year, the company will additionally withhold 19% of income from the difference. For example, the profitability for the year was 40%, in which case Zerich will deduct 19% from the remaining 32% of the annual profit

The site has several strategies depending on the tools used and working style. Accordingly, the potential income changes:

1. balanced strategy – expected income of about 10-15% per year
2. rotation – profit increases to 20-30%. Greater income is ensured due to the fact that the portfolio includes only those instruments that show much better dynamics than the market average. There is constant rotation, hence the name

   

3. hedge fund – this strategy can bring up to 30-40% profit per year. Work is carried out with derivatives market instruments and securities of Russian companies
4. favorite – profit up to 40-50% in 1 year. The work is carried out according to the trend, the risk is higher than in other strategies

In all of these cases, an investment portfolio of securities is collected, which allows flexible risk management .

Zerich demo account

The broker provides clients with the opportunity to try the functionality of the service using a demo account. A demo account allows traders to develop existing skills or try themselves in this area. The trading terminal has all the available functionality. The only difference is that trading is carried out using virtual funds, which means the client risks absolutely nothing. To gain access to a demo account, the user must leave a request on the zerich.com website using the appropriate form, contact the specified phone number, or send a written request to the organization’s email.

Complaints about Zerich

Zerich has a variety of reviews online, but it is worth noting that most of them are positive. For the most part, traders praise the broker for the opportunity to make real money, reliable and favorable trading conditions, minimal commissions, promotions, and a convenient website. And yet, there are also negative reviews; some of the company’s clients complain about not the lowest tariffs, the presence of commissions, a complex website, and delays in reporting. To avoid negativity when working with a broker, check with your personal manager about the specifics of working with a broker.

It should be noted that Zerich has been successfully operating in the financial services market for a long time, and has managed to win recognition from traders by providing high-quality service, a trading terminal, and convenient withdrawal options - all this speaks to its success and stability.

If there are complaints about Zerich, we will definitely publish information on social networks. Subscribe so you don't miss anything!

Autofollowing EasyMANi

Another investment tool. It consists of connecting the terminal to trading signals to copy other people's transactions. As stated in the description of the service, these are transactions of experienced traders working according to proprietary strategies. What kind of traders are these, whether they are related to the Zerich company and whether they are people at all or trading robots - such questions are not answered. To use autofollow, you need to pay a commission consisting of 3 parts:

• Success commission;
• Commission on turnover;
• Service fee.

The main cost comes from the success fee. It works like this. Let’s assume that a share has risen in price by 10 rubles. A commission is paid from this amount. Then the share fell in price by 5 rubles. No commission is charged. Finally, the share rose in price again by 10 rubles, but since taking into account the previous fall, the increase was only 5 rubles, and it is from this that the commission is paid.

Zerich broker regulator

The activities of this broker are transparent, there is regulation in several countries around the world, including Russia. Thus, a company can conduct banking, dealer and investment activities, having regulation of the Central Bank, this inspires confidence. The company is a member of NAUFOR (National Association of Stock Market Participants). At the moment the broker has licenses:

• for carrying out securities management activities N045-04091-001000 dated December 21, 2000;
• for brokerage activities N045-03996-100000 dated December 21, 2000;
• for dealer activities N045-04046-010000 dated December 21, 2000;
• for carrying out depository activities N045-04359-000100 dated December 27, 2000;
• permanent registration of the Moscow Registration Chamber, No. 166.656; CySEC license (115/10).

Information about licenses is presented on the broker's website.

Check Zerich license on the CySEC website Check Zerich broker rating on the National Rating Agency website

User agreement zerich.com

“Regulations for the provision of services in the securities markets and derivatives market” is the main document for clients, which every trader should familiarize themselves with before registering on the project. The agreement contains information about the rules for the provision of services by the company, as well as the responsibilities of users and organizers. Let's look at some points in more detail. The document contains information that the regulations are not a public offer and the organization has the right, at its own discretion, to refuse the user to enter into an agreement without giving reasons.

The Client understands and accepts the fact that during the performance of its obligations, the organization has the right to carry out trading and non-trading operations at the expense and in the interests of users. Operations can be carried out either by the company itself or using the services of third parties, which are independently selected by the organization. In turn, the service takes responsibility for the actions of these individuals as if it were its own. The exception is those cases if the company does not act as a verified candidate and the candidacy has not been agreed upon with the user.

The User understands and accepts all risks that may be associated with submitting and accepting messages via telephone or email. The organizer disclaims responsibility for possible losses of clients that could arise as a result of the fulfillment of obligations by the organization, which were received by e-mail, including for losses associated with the activities of third parties.

During the execution of an application for a transaction, the organization acts as a commission agent. This means that the company acts at the expense of the client and on its own behalf. In this case, the actions of both parties are subject to the requirements of the legislation of the Russian Federation, namely:

• the order is executed on the most favorable terms for the user;
• securities purchased by the service at the expense of the trader become the property of the client;
• the organization declines responsibility for the counterparty’s failure to fulfill its obligations under the transaction;
• the company undertakes to immediately notify the client if the counterparty fails to fulfill its obligations.

When using the company's services, the client fully understands and accepts that the company declines responsibility for the following:

• losses of clients that arose as a result of the actions or inaction of the service, reasonable requests of the user himself, as well as for information that has lost its authenticity due to the fact that the client did not timely communicate it to the organization itself;
• failure to execute a trader’s order due to a failure of the computer network and other networks used for messaging or other incidents that were not the fault of the company;
• safety of funds and securities in the event of bankruptcy of credit institutions and vehicles, including companies that provide depository, settlement and clearing procedures in these vehicles;
• the results of investment decisions that were made by the user himself based on analytical information provided by the organization.

In turn, the user assumes responsibility for possible losses that were caused to the organization through his fault, as well as for losses that arose as a result of the untimely provision of documents that were necessary for carrying out transactions. The client is also responsible for losses to the company due to distortion of information in documents, as well as as a result of disclosure of confidential information and unauthorized access of third parties to the website.

If the user has a delay in making settlement transactions, the guilty party undertakes to pay interest to the other party for each subsequent day of delay:

• in case of late payment, which must be in Russian currency, the interest rate is determined directly by the organizer. It is worth considering that the rate cannot exceed the current double rate;
• when making a payment in foreign currency, the rate is 9% per annum, if the payment can be made in accordance with the law.

The document also describes in detail the responsibilities of the parties in the event of force majeure. In this case, both parties are released from liability for partial or complete failure to fulfill their own obligations. These force majeure circumstances include military actions, riots, natural disasters and strikes, decisions of state and local authorities and management, decisions of the management bodies of the Customs Union, changes in the legislation of the Russian Federation, which do not make it possible to fulfill obligations.

The party that cannot fulfill its obligations undertakes to notify the other party of these circumstances, as well as of their termination, within three working days. You can notify a party in any way provided for by the regulations. If these methods are difficult, provision is possible in any other way.

Pros and cons of the company

Broker advantages:

1. The tariff for beginners is 0.2% of turnover, there are no additional commissions.
2. Loyal commissions for high-frequency and algorithmic trading on the Moscow Exchange derivatives market.
3. Your personal account is convenient and easy to use.
4. The broker offers access to the world's major exchanges.
5. The commission decreases as the turnover and money in the account grow.

Disadvantages of Zerich:

1. The broker's own funds have dropped significantly over the past few years.
2. High commissions if there are small amounts on the account and the turnover is small.
3. Additional fees for minor functions, such as reports, transfers of tax documents, requests.

Stock store

You can invest in Russian stocks without a trading terminal, by analogy with a regular online store. In this case, you can pay for the purchased shares using a payment card. A similar service also allows you to buy shares in Finam. It turns out to be slightly more expensive than when purchasing through a terminal (the full commission is approximately 3%), but for long-term ownership this is not very significant. In addition to shares, you can purchase Finex ETFs through the store. In the future, it is planned to expand the range of instruments to include foreign shares traded on the St. Petersburg Stock Exchange. Finam has a similar service, the commission is almost the same.

Analytics and training

Analytics on the company’s websites are presented on a “so to speak” basis. In addition to very brief reviews of current news in text format, assessments and forecasts of the situation with selected instruments are periodically published (this could be oil, shares of one or more companies, etc.), but they do not have a systematic approach. On the Zerich TV yotube channel, the company’s analysts post short videos that can be called “reflections on a current topic.” This approach is almost similar to the KIT Finance broker. Most likely, the point of such analytics is to show the level of qualifications of experts, and not to gather a large audience of novice traders and investors. Some food for thought can be found in the “Investment Ideas” section. It contains recommendations for buying stocks that are promising from a dividend point of view. But in a rapidly changing environment, outdated recommendations can be more harmful than helpful.

The company organizes training much more seriously. The Russian website contains many video courses designed for both beginners and more experienced investors. These courses cover most topics related to the stock market: fundamental and technical analysis, trading strategies, principles of forming an investment portfolio, etc. Unfortunately, the ability to view even free courses opens only after registering a client’s personal account. In addition, the company conducts webinars and paid face-to-face courses. We can say that the learning process is implemented quite systematically.

The educational center

There are 2 types of training in Zerich - paid and free . Those lessons that can be found in the public domain, of course, will not turn you into a trading guru, but at least you will have a general impression of the work. In addition, free courses are structured so that it is easier for a beginner to absorb the information.

As for the organization of training, the materials are presented in the form:

• webinars . Seminars in Zerich are useful, without water
• courses , the completion of which is designed for several days (distance learning is possible)
• Full-time classes – can be conducted both in group and individual form. It all depends on the thickness of your wallet

What is important is that teachers are not theorists, but practitioners , that is, all the material presented can be applied in practice.

In addition to training, there is also a good analytical section . Of course, no one is going to give out specific signals to enter the market, but in general Zerich’s analytics are useful . You can get an idea of ​​what is happening in the markets.