Compare forex brokers GFTrade VS Charterprime

If you're choosing between GFTrade and Charterprime forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is GFTrade better than Charterprime? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GFTRADE VS CHARTERPRIME

Charterprime
Charterprime Overview

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.

GFTrade
GFTrade Overview

GFTrade is a global Forex and CFD broker that is primarily based in Singapore as well as St.Vincent and Grenadines. It is regulated by the FSA and offers low entry for minimum capital requirements, as well as low spreads on the trading of 60 assets across currencies, metals, cryptos, indices, energies and stocks.

# Broker's Features GFTRADE Availability CHARTERPRIME Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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 compare GFTrade vs 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. GFTrade offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, while Charterprime offers Currencies, Commodities, Indices, Stocks, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GFTrade is DMA, ECN, No dealing desk, STP, while Charterprime is ECN, No dealing desk, STP.

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. GFTrade is regulated by FSA, while Charterprime 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.

Languages Available: Next lets have a look at each broker's different Language options. GFTrade offers Chinese, English, German, Hindi, Indonesian, Itali, while Charterprime offers Arabic, Chinese, Croatian, Czech, Danish, English, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. GFTrade offers bitcoin, Credit/Debit Cards, FasaPay, Neteller, Skrill, Union Pay different payment methods for each account types, while Charterprime offers China UnionPay, Neteller, Skrill, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, GFTrade makes MT4 available to clients, while Charterprime offers MT4.

The Verdict: GFTrade or Charterprime?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Charterprime is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Charterprime broker is regulated in more major hubs. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Charterprime has a wider range of languages in which customer service is offered making the broker more accessible.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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