Charterprime is a Forex and CFD broker working on an STP model, that is based in New Zealand and Sydney Australia. They are regulated by ASIC and FSP and offer trading across currencies, precious metals, commodities and CFD indices.
|#||Broker's Features||CHARTERPRIME Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Charterprime.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Charterprime offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Futures.
Tradable Products: Offers a modest selection of currency pairs and CFDs across 4 asset classes; currencies, commodities, indices and metals.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Charterprime is ECN, No dealing desk, STP.
Features: Leverage offered is as high as 1:500. Broker also offers money managers the ability to open multi accounts through MAM.
As Charterprime offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Charterprime recommended minimum capital is $100.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Charterprime is regulated by ASIC, FSP. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Charterprime are registered with the New Zealand Financial Services Providers and Register and regulated by ASIC in Australia to offer a protective environment to traders. Charterprime keeps their funds segregated from clients funds. This is a multi award winning broker since 2016.
Languages Available: Next lets have a look at each broker's different Language options. Charterprime offers Arabic, Chinese, Croatian, Czech, Danish, English,.
Payment methods: Next lets have a look at each broker's payment options. Charterprime offers China UnionPay, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types.
Deposit and withdrawal: Have support for popular payment methods such as Wire transfer, credit cards and e-wallets such as Skrill and Neteller. Charterprime processes transactions within one working day. The broker does not charge for withdrawals.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Charterprime makes MT4 available to clients.
Web & Desktop Trading Platforms: Uses the popular and proven MetaTrader 4 platform as its main trading platform.
Mobile Trading Platforms: Free mobile MT4 apps are available on Google Playstore and Apple App Store. You can use these to monitor markets, trade and manage your account.
Lack of trading education resources apart for FAQ and glossary.
Lack of bonuses and promotional offers due to regulatory restrictions.
There is limited support channels for communicating with the support staff. The broker claims they respond to all emails within 24 hours. Live chat on Skype (Charterprime Support) and Facebook (Charterprime) are available.
Unless you have prior online trading experience, Charterprime might not be able to cater for the trading needs of novices. None guidance on this broker’s trading platform as there are no educational materials provided.
From our observation, we noted that Charterprime is meant more for experienced traders. While there are limited assets to trade which may not appeal to more experienced traders, beginner traders will find themselves lost without any guidance on this broker’s trading platform as there are no educational materials provided.
Broker’s services are geared more toward seasoned traders rather than more beginner traders.