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.
Olymp Trade is a Forex Binary Broker offering Forex Trading services via Mobile and Web trading platforms. Regarding orders execution model, Olymp Trade is a b-book broker (market maker). Olymp Trade offers trading of currencies, indices, shares and commodities - binary options only. Olymp Trade is regulated by the FinaCom (Hong Kong).
|#||Broker's Features||OLYMP TRADE Availability||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 compare Olymp Trade 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. Olymp Trade offers Online Financial Trading and Investment Services Such as Cryptocurrency-currencies, Currencies, Commodities, Indice, 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. Olymp Trade is Broker, while Charterprime is ECN, No dealing desk, STP.
Minimum Deposit Requirement: To compare these two FX brokers, 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. Olymp Trade recommended minimum capital is 10, while Charterprime has a Minimum Deposit Requirement of .
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. Olymp Trade is regulated by IFC, 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.
Account currencies: Next lets consider the Account currencies each broker offers. Olymp Trade offers dollar, euro, ruble, Brazilian real, Thai baht, Ch different account currencies for each account types, while Charterprime offers account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Olymp Trade offers English, Thai, Indonesian, Portuguese, Spanish, Tu, 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. Olymp Trade offers Credit/Debit Cards, QIWI, Skrill, Webmoney, Bitcoin, Yand 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, Olymp Trade makes Olymp Trade platform available to clients, while Charterprime offers MT4.
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. Charterprime has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. 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. Only Charterprime Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Charterprime offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. 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. As Charterprime offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
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.