Charter Prime Guide – Read our In-Depth Charter Prime Review
Charter Prime Rating: 5.92 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Charter Prime review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Charter Prime review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you have to select the right agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program will generate hefty returns. Charter Prime is just one such platform which will take you and your investment to great heights. It is important that you know about Charter Prime before you trust them with your money.
Charter Prime Guide – Brief Summary
Charter Prime Telephone Number:
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Charter Prime Address:
Financial Conduct Authority (FCA)
Number Of Clients:
10,000+ Charter Prime users and traders
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Your capital is at risk
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|Number Of Clients:||10,000+ Charter Prime users and traders|
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Your capital is at risk
Our entire Charter Prime Review covers everything you will need to learn about trading with Charter Prime. A good agent can multiply your first investments and provide you favourable profits. If you would like to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully assess your broker before you select them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
Charter Prime is a broker which has paved its way successfully to the broker world. In this review, we've tried to collate a number of the important facets of Charter Prime. This review can allow you to understand whether Charter Prime is a good fit for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Charter Prime Review, Table Of Contents
- Who are Charter Prime?
- Benefits Of Trading With Charter Prime
- Everything you should know about trading with Charter Prime
- Is Charter Prime Safe To Trade With?
- Charter Prime Risk Disclaimer
- Pro's & Con's Of Trading With Charter Prime
- Compare Brokers Similar To Charter Prime
- Regulation And Licencing In More Detail
- Charter Prime Awards
- Minimum Deposit Required For A Live Account With Charter Prime
- Charter Prime Commission And Fees Explained
- Compare broker fees against Charter Prime
- Charter Prime Withdrawal Fees Explained
- Charter Prime Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Charter Prime?
- Alternatives To Charter Prime
- Frequently Asked Questions About Charter Prime
Who are Charter Prime?
Charter Prime is a forex broker headquartered in Australia and provides a range of instruments for trading. Since its beginning in 2012, Charter Prime has emerged as a top player in the industry of online brokerage. Charter Prime has an extremely competitive and full-featured trading website that's focused on forex, indices, metals, stocks and commodities.
Over the past 9 years, Charter Prime has grown into one of the leading online brokers.
After launching in 2012, their consumer base has become as large as 10,000+ clients.
Charter Prime is a favourite of many traders.. Our Charter Prime review discovered that they're an excellent choice for automated trading solutions. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading solutions are the core at Charter Prime.
Technology plays a substantial role in Charter Prime. Charter Prime offers trading on MetaTrader 4. Charter Prime is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource department at Charter Prime is quite enlightening for new dealers as it allows them to have a closer look in the financial markets. Charter Prime caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
Charter Prime Videos
If you feel that Charter Prime is not right for you then at the bottom of this Charter Prime review you wil find a lot of alternatives to Charter Prime.
Everything you should know about trading using Charter Prime
Charter Prime is a lively platform that offers various methods of online trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms offer less approaches than Charter Prime
If you want to exchange with Charter Prime, you will need a minimum deposit of $200. This deposit is required if you wish to start trading using Charter Prime. This 2021 Charter Prime review will direct you safely about trading with them.
Charter Prime is as flexible as any other broker platform. Charter Prime is excellent for traders that want a manageable variety of low-cost services. The platforms provided by Charter Prime are third-party, white-label offerings. All traders can select from MetaTrader 4.
Together with everything, Charter Prime has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept open. The brokers provide premium client service that rewards customers with advantages.
Many unprofessional brokers try to pressurise consumers into bigger financing for superior services. Charter Prime, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
Charter Prime accounts are available globally and provides quality service wherever they have customers. There are only a select few countries where Charter Prime accounts are not available. Traders in the following countries cannot open or use a Charter Prime account:
BR, KR, IR, IQ, SY, JP, US
Is Charter Prime Safe To Trade With?
Launched in 2012, Charter Prime has been in operation for 9 years, they are headquarted in Australia.
Charter Prime is regulated by Financial Conduct Authority (FCA). These bodies have rules that mandate that trading platforms have steps in place to keep investor's assets procured. This means that Charter Prime users do not need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's personal information as well.
You can make use of a choice for Two Factor Authentications (2FA) with Charter Prime for increased security. An SMS for the verification code will be sent to your phone. You will be required to input this code to log into your account.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is much more prevalent in the case of Market Maker brokers who compete with users on the platform.
Charter Prime Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Charter Prime
Every online trading platform has some ups and downs, and no Charter Prime review would be complete without having a balanced approach. This Charter Prime review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Charter Prime Pro's
- Charter Prime is trusted by 10,000+ clients
- Charter Prime has low minimum deposit requirements
- Charter Prime doesn't charge withdrawal fees
- Charter Prime doesn't charge inactivity fees
- Charter Prime offers social trading
- Charter Prime offers copy trading
- Charter Prime offers trailing stop
- Charter Prime offer trading on MetaTrader 4
- Charter Prime offer 71 trading instruments
- Charter Prime trades major forex pairs
- Charter Prime trades exotic forex pairs
- Charter Prime offers trading on cryptocurrencies
- Charter Prime can communicate in English, and Chinese
Charter Prime Con's
- Charter Prime does not offer Negative Balance Protection
- Charter Prime does not offer Guaranteed Stop Loss
- Charter Prime charge deposit fees
- Charter Prime doesn't trade minor forex pairs
- Charter Prime charge CFD fees
Charter Prime Review - Compare Brokers Similar To Charter Prime
|Charter Prime||tastyworks||Abshire Smith||HDFC Securities|
|Rating||5.92 / 10||4.75 / 10||2.96 / 10||5.83 / 10|
|Regulated By||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317||Financial Conduct Authority (FCA)||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Charter Prime Review - Regulation And Licencing In More Detail
Charter Prime is regulated by Financial Conduct Authority (FCA).
Charter Prime, as a company, has a powerful collection of rules for ensuring fair trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
Charter Prime Review - AwardsAt the time of writing this Charter Prime review, and despite Charter Prime’s impressive offering, the company has surprisingly not garnered any other awards to date.
Charter Prime Trading Platforms
Charter Prime are a reputable trading platform that has been trading for over 9 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any reputable online trading platform and compare Charter Prime against tastyworks, Abshire Smith, and HDFC Securities
Charter Prime Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on Charter Prime is $200. This is a decent amount for people just starting out. You can make more advanced residue as you go along. However, make certain that you understand how to make the most of your cash before investing in larger sums.
Charter Prime Review - Commission And Fees Explained
Charter Prime is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, Charter Prime does not charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often exchange, for example weekly or daily trading.
But, non-trading fees billed by Charter Prime are comparatively higher. As a result, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This Charter Prime review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Charter Prime
Charter Prime Review - Withdrawal Fees ExplainedCharter Prime doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your Charter Prime account. It's possible to draw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't always need to have any cash on your account.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the card. Charter Prime will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are opting to withdraw in.
Charter Prime Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind while open an account with Charter Prime. An inactivity fee is an amount charged to registered dealers that have not engaged in buying or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee differs from one broker to another and isn't generalized. If a traders account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity charge. The traders need to pay this commission under terms and conditions they had agreed while registering.
Charter Prime doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges are indicated by Charter Prime, it is better that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to a lot of circumstances and needs to be disclosed clearly by the agent beforehand.
Charter Prime Review - Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular operation.
Charter Prime charges a deposit fee for transferring money into your trading account.
Depositing cash on the Charter Prime trading platform is easy. You simply need to complete a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit large sums.
Charter Prime Review - Compare Broker Deposit Methods
What Can You Trade With Charter Prime?
Note: Charter Prime offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending on the country of residence of the client.
Charter Prime has a wide variety of over 71 instruments available for you to trade with.
If trading forex pairs is of interest to you then Charter Prime offer over forex pairs.
Compare Charter Prime, tastyworks, Abshire Smith & HDFC Securities below.
Reviewing The Charter Prime Mobile App
Note: Charter Prime's mobile app has many functions and is being constantly developed. The below information was accurate at the time of compiling this Charter Prime review.
Understand the capabilities of the mobile apps of Charter Prime, tastyworks, Abshire Smith & HDFC Securities below.
Alternatives To Charter Prime
If, after studying this Charter Prime review, they do not quite fulfill your requirements check out these Charter Prime alternatives.
We've scoured the internet to find the best alternatives to Charter Prime. Click the hyperlinks below to find out more.
Frequently Asked Questions about Charter Prime
Can I try Charter Prime before I buy?
Yes, you can most definitely try Charter Prime before you buy. Charter Prime provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on Charter Prime, you may set out with a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you decide to invest your own money.
With this virtual Charter Primedemo account, you are able to experiment at all, to whatever period you wish. You can also open positions, test different trading approaches, and much more.
Charter Prime specifies on its official website which you are able to exchange real time stocks in a demo account.
Is Charter Prime safe?
It is possible to drop all your worries since we believe that Charter Prime is totally safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA).
Nevertheless, Charter Prime doesn't provide assured stop-loss protection.
Why does Charter Prime ask for my passport?
The reason that Charter Prime asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Charter Prime has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Charter Prime must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Charter Prime?
The process to start trading withCharter Prime is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Charter Prime website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Charter Prime is $200. You should have a good understanding of the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Charter Prime.
The best way to kickstart your trading career with Charter Prime is to open a demo account facility before risking any real money
What funding methods do Charter Prime accept?
There are multiple ways to finance your accounts with Charter Prime. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal is not available in every place. The monies Charter Prime
Is my money safe with Charter Prime?
Yes, your money is safe and protected with Charter Prime. As you know, Charter Prime works with good conformation to. It has established plenty of measures to guard all of its investors.
Charter Prime safeguards its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can empower Two-Step Verification also. It takes an SMS confirmation that you get your account.
Is Charter Prime trading good?
Yes, trading via Charter Prime is a nice and good experience indeed. It's a great and intuitive platform with helpful features for your simplicity. Moreover, you could also obtain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does Charter Prime support?
Charter Prime operates around the globe. However, due to regulations there are some countries that Charter Prime do accept clients from BR, KR, IR, IQ, SY, JP, US
Is Charter Prime legit?
Charter Prime is a legit company headquarted in Australia since 2012. They are regulated by Financial Conduct Authority (FCA). Charter Prime is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Charter Prime a good broker?
Charter Prime is an excellent broker, and its users may vouch for it. The highlight of this platform is its quick order execution on transactions.
You'll discover the clean design of this platform along with the commendable features a pleasure to work with.
Is Charter Prime a trustworthy broker?
Yes, Charter Prime is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Charter Prime?
The minimum deposit to open a live account with Charter Prime is $200
How long do Charter Prime withdrawals take?
Normally, withdrawal of money from Charter Prime is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Charter Prime to show in your bank account.
Are Charter Prime regulated?
Charter Prime are regulated by Financial Conduct Authority (FCA)
Is Charter Prime a market leading broker?
Charter Prime is currently one of the industry leaders. It supports over 10,000+ registered users and over 9 years of experience on its record. They are among the world's top trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide selection of tools plus resources so you may invest in capital markets.
Is Charter Prime a con?
No, Charter Prime is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Charter Prime is not a scam.
Can you make money with Charter Prime?
Using Charter Prime, several traders make a lot of cash. But on average, through consistent trading, you also can create between 2% - 10% profit a month.
This can look like a little number, but over the entire year, this adds to a substantial amount of gains. While Charter Prime provide you all of the tools to make money, they can't guarantee that you will profit.
Does Charter Prime have fees?
Yes. To begin trading using Charter Prime, you need to deposit $200. Certain commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.
When was Charter Prime founded?
Charter Prime was founded in 2012 in Australia. Charter Prime is regulated by Financial Conduct Authority (FCA).
How many people use Charter Prime?
Charter Prime is a worldwide recognised broker with 10,000+ customers.
Where is the Charter Prime head office?
Charter Prime has its head office in Australia
Does Charter Prime offer negative balance protection?
No. Charter Prime doesn't provide negative balance protection. If your balance is unfavorable, Charter Prime indicates that you promptly contact customer services. For this, you can fix any imbalances within your own account.
Does Charter Prime offer guaranteed stop loss?Charter Prime unfortunately, does not provide guaranteed stop loss. Charter Prime provides an opportunity to its dealers to close their trades in their specified price. Aside from this, Charter Prime does not offer guaranteed stop loss.
Does Charter Prime allow scalping?Yes, Charter Prime do permit scalping. Many traders across the world select Charter Prime for their services that are trading. They offer trading on MetaTrader 4 which let this.
Does Charter Prime allow hedging?
Yes, Charter Prime does allow hedging.
Can you trade energies with Charter Prime?
Yes, you can trade energy stocks with Charter Prime
Can you trade agricultural shares with Charter Prime?
Yes, you can trade agricultural stocks with Charter Prime
Can you trade cryptocurrency with Charter Prime?
Yes, you can trade cryptocurrency with Charter Prime
Can you trade metals with Charter Prime?
Yes, you can trade metals with Charter Prime
Can you trade UK Shares with Charter Prime?
No, unfortunately you cannot trade UK shares with Charter Prime
Can you trade US Shares with Charter Prime?
Yes, you can trade US shares with Charter Prime
Can you trade Japanese Shares with Charter Prime?
No, unfortunately you cannot trade Japanese shares with Charter Prime
Can you trade German Shares with Charter Prime?
No, unfortunately you cannot trade German shares with Charter Prime
Does Charter Prime accept bank transfers?
Yes, Charter Prime accepts bank transfers for depositing money.
Does Charter Prime accept credit cards?
Yes, Charter Prime accepts credit cards for depositing money.
Does Charter Prime accept PayPal?
No, Charter Prime does not accept PayPal.
Does Charter Prime accept Skrill?
No, Charter Prime does not accept Skrill.
Does Charter Prime accept Payoneer?
Yes, Charter Prime accepts Payoneer for depositing money.
Does Charter Prime accept Neteller?
No, Charter Prime does not accept Neteller.
Does Charter Prime offer Live Chat customer support?
Yes, Charter Prime offers customer support through live chat.
Does Charter Prime offer phone customer support?
Yes, Charter Prime offers customer support over the telephone.
Does Charter Prime offer email customer support?
Yes, Charter Prime offers customer support through email.
What languages can Charter Prime communicate in?
Charter Prime has the ability to communicate and support customers who speak: English, and Chinese
Does Charter Prime have a wikipedia page?
No, Charter Prime does not have an official wikipedia page.
Does Charter Prime offer demo accounts?
Yes, Charter Prime offers virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.