Charter Prime Guide – Read our In-Depth Charter Prime Review
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 US users.
If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you have to choose the ideal broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will generate hefty returns. Charter Prime is one such stage that will take you and your investment into great heights. It's important that you understand about Charter Prime before you trust them with your cash.
Our full Charter Prime Review covers everything you need to learn about trading using Charter Prime. A good broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you should carefully assess your broker before you choose them. It is a frequent misconception that all agents are exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
Charter Prime is a broker which has forged its way successfully to the brokerage world. Within this review, we've tried to collate a number of the important facets of Charter Prime. This review will help you to understand whether Charter Prime is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities 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?
- 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 variety of tools for online trading. Since its start in 2012, Charter Prime has emerged as a leading player in the industry of online broker. Charter Prime includes a highly competitive and full-featured trading website that is focused on forex, indices, metals, sharesand commodities.
Over the past 9 years, Charter Prime has grown into one of the leading online brokers.
After launching in 2012, their customer base has become as large as 10,000+ clients.
Charter Prime is the favorite of many dealers.. Our Charter Prime review found that they are an superb alternative for automated trading solutions. It's best suited for investors that are looking for a variety of assets. Social and automated trading solutions are the heart at Charter Prime.
Technology plays a substantial role at Charter Prime. Charter Prime offers trading on MetaTrader 4. Charter Prime is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The educational department at Charter Prime is quite enlightening for new traders as it permits them to have a closer look in the financial markets. Charter Prime caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
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.
What you should know about trading using Charter Prime
Charter Prime is a dynamic platform that offers various techniques of online trading. These instruments cover the financial markets considerably. The Majority of the broker platforms provide fewer approaches than Charter Prime
If you wish to exchange with Charter Prime, you will need a minimum deposit of $200. This deposit is required if you want to begin trading using Charter Prime. This 2021 Charter Prime review will guide you safely about trading with them.
Charter Prime is as versatile as any other brokerage platform. Charter Prime is great for traders that want a manageable assortment of low-cost services. The programs supplied by Charter Prime are third-party, white-label offerings. All traders may select from MetaTrader 4.
Together with everything, Charter Prime has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept open. The brokers offer premium customer service which rewards clients with advantages.
Many less reputable brokers attempt to pressurise users into bigger funding for superior services. Charter Prime, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further advantages will become available.
Charter Prime accounts are available globally and provides excellent service everywhere they have customers. There are a few countries where Charter Prime accounts are not available. Traders in the following countries cannot open or use a Charter Prime account:
Is Charter Prime Safe To Trade With?
Launched in 2012, Charter Prime has been in operation for 9 years, they have a head office in Australia.
Charter Prime is regulated by Financial Conduct Authority (FCA). These figures have rules that make sure that trading platforms have steps in place to keep investor's resources secured. This means that Charter Prime users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You can make use of an option for 2 Factor Authentications (2FA) with Charter Prime for heightened safety. An SMS for the confirmation code will be sent to your phone. You will be required to enter this code to log into your accounts.
Another concern with fiscal brokers is in respect to security may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more prevalent in the case of Market Maker brokers who compete with users on the platform.
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 doesn't charge withdrawal fees
- Charter Prime doesn't charge inactivity fees
- Charter Prime doesn't charge deposit fees
- Charter Prime doesn't charge CFD fees
- 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
Charter Prime Con's
- Charter Prime does not offer Negative Balance Protection
- Charter Prime does not offer Guaranteed Stop Loss
- Charter Prime doesn't trade minor forex pairs
Charter Prime Review - Compare Brokers Similar To Charter Prime
|Charter Prime||CIM Banque||XTB||Forex Financial Services|
|Regulated By||Financial Conduct Authority (FCA)||Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)||Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego||Australian Securities and investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.||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 business, has a strong collection of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
Charter Prime Review - Awards
- At the time of writing this Charter Prime review, they had not received any awards.
Charter Prime Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Charter Prime is $200. This is a decent amount for those just starting out. It's possible to create more advanced deposits as you go along. However, make certain that you understand how to make the most of your cash before investing in larger amounts.
Charter Prime Review - Commission And Fees Explained
Charter Prime is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of customers they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of fees for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are those who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, Charter Prime doesn't charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by Charter Prime are relatively higher. Consequently, you're billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Charter Prime review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against Charter Prime
|Charter Prime||CIM Banque||XTB||Forex Financial Services|
Charter Prime Review - Withdrawal Fees ExplainedCharter Prime doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your Charter Prime account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always need to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money will be sent to the card. Charter Prime will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're opting to draw in.
Charter Prime Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head while open an account with Charter Prime. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee differs from one agent to another and is not standardized. If a dealers account doesn't have a buying or selling trade, it's claimed by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms they had consented while registering.
Charter Prime doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees have been indicated by Charter Prime, it's better for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is exposed to a lot of circumstances and needs to be revealed clearly by the agent beforehand.
Charter Prime Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this operation.
Charter Prime doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Charter Prime trading platform is easy. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit large amounts.
Charter Prime Review - Compare Broker Deposit Methods
|Charter Prime||CIM Banque||XTB||Forex Financial Services|
What Can You trade With Charter Prime?
Note: Charter Prime provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may be different based 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 currency pairs is of interest to you then Charter Prime offer over currency pairs.
Compare Charter Prime, CIM Banque, XTB & Forex Financial Services below.
Alternatives To Charter Prime
If, after studying this Charter Prime review, Charter Prime doesn't quite meet your needs check out these Charter Prime alternatives.
We have scoured the web to find the best alternatives to Charter Prime. Click on the hyperlinks below to learn 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 new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demo account on Charter Prime, you may set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you until you choose to spend your own money.
With this digital Charter Primedemo account, you can experiment at all, to whatever length you desire. You might even open positions, test different trading approaches, and more.
Charter Prime specifies on its official site that you are able to trade 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).
Even so, 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 acocunt with Charter Prime is $200. You should have a good hold over the nuances 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 a number of methods to finance your account with Charter Prime. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal isn't available in all place. The currencies Charter Prime
Is my money safe with Charter Prime?
Yes, your cash is safe and protected with Charter Prime. As you already know, Charter Prime operates with good conformation to. It's established plenty of steps to protect all its own investors.
Charter Prime safeguards its clients' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS affirmation that you get your accounts.
Is Charter Prime trading good?
Yes, trading through Charter Prime is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you could also gain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Charter Prime support?
Charter Prime operates across the globe. However, due to regulations there are some countries that Charter Prime does not accept clients from
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 own users may vouch for this. The highlight of this platform is its quick order execution on transactions.
You will find the clean layout of this platform and the admirable features that 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 indisputably among the industry leaders. It has over 10,000+ registered users and over 9 years of experience on its own record. They are one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and broad range of resources plus tools so you can put money into 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?
Through Charter Prime, many traders earn a great deal of cash. However, on average, through continual trading, you also can create between 2% - 10% profit a month.
This can look like a small number, but over the entire year, this adds to a substantial amount of gains. Even though Charter Prime provide you all the tools to make money, they cannot guarantee you will gain.
Does Charter Prime have fees?
Yes. To start trading using Charter Prime, you need to deposit $200. Particular commissions while trading additionally applies. Any processing fees from your bank might have 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 globally 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 does not provide negative balance protection. If your balance is unfavorable, Charter Prime indicates you promptly contact customer services. With this, you are able to fix any imbalances within your own account.
Does Charter Prime offer guaranteed stop loss?Charter Prime regrettably, doesn't offer guaranteed stop loss. Charter Prime provides an opportunity to its dealers to close their trades in their given price. Apart from that, Charter Prime does not offer guaranteed stop loss.
Does Charter Prime allow scalping?Yes, Charter Prime do permit scalping. Several traders throughout the world select Charter Prime due to their services that are trading. They offer trading on MetaTrader 4 which allow 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?
No, Charter Prime does not accept bank transfers.
Does Charter Prime accept credit cards?
No, Charter Prime does not accept credit cards.
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?
No, Charter Prime does not accept Payoneer.
Does Charter Prime accept Neteller?
No, Charter Prime does not accept Neteller.
Does Charter Prime offer Live Chat customer support?
No, Charter Prime does not offer customer support through live chat.
Does Charter Prime offer phone customer support?
No, Charter Prime does not offer customer support over the telephone.
Does Charter Prime offer email customer support?
No, Charter Prime does not offer customer support through email.
What languages can Charter Prime communicate in?
Charter Prime has the ability to communicate and support customers who speak:
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 demo accounts so you can learn their systems before risking any real money.