Charter Prime vs First Trade, Who's Better?
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Charter Prime vs First Trade Guide |
Read our In-Depth Charter Prime vs First Trade Review - 2024 Update
This Charter Prime vs First Trade review has been refreshed to reflect any changes for 2024 from knowledgeable insiders with significant expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Charter Prime vs First Trade does not apply to all countries as follows:
Charter Prime Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Charter Prime vs First Trade
Every online trading platforms has some ups and downs, so a complete analysis of Charter Prime vs First Trade should not be complete without adopting a fair assessment.
Examine First Trade and Charter Prime in order to understand the way these platforms line up with one another before you choose to open an account. Conducting a comparative analysis helps to put things in perspective in order that you are cognizant of the expectations.
So you are looking for a broker and are choosing between Charter Prime or First Trade. Which one is best in 2024?
This Charter Prime vs First Trade comparison contains the latest information so you can easily compare First Trade against Charter Prime.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will get proficient at all the concepts of brokerage as you keep trading. For starters, you need to select the right broker who'll be clear with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. Charter Prime and First Trade are just two such platforms which will take you along with your investment into great heights. It's crucial to compare Charter Prime vs First Trade until you trust them with your cash.
Our Charter Prime vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Charter Prime and First Trade side by side.
Our entire Charter Prime vs First Trade Review covers everything you will need to know about trading with either Charter Prime or First Trade. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to ensure profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
Charter Prime and First Trade are both brokers which have paved their way successfully into the broker world. In this review, we have tried to collate a number of the important aspects of both Charter Prime and First Trade. This review can allow you to know whether either First Trade or Charter Prime is a fantastic fit for your own investments or not. We've tried to breakdown all the features and fees for your convenience.
Benefits of Charter Prime and First Trade Compared
Charter Prime offers a minimum deposit of $200 while First Trade offers a $5 minimum deposit.
Why smaller minimum deposits are good and how Charter Prime and First Trade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Charter Prime allows you to trade around 71 financial instruments whilst First Trade has around 71 available.
The more financial instruments you can trade on the Charter Prime and First Trade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Charter Prime or First Trade.
Charter Prime and First Trade Contact Details
Being able to contact your broker simply is important. Charter Prime and First Trade have the following contact details and social medias that you can use.
Broker | Charter Prime | First Trade |
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Charter Prime Twitter Account | First Trade Twitter Account | |
Charter Prime Facebook Page | First Trade Facebook Page | |
Charter Prime Instagram Account | First Trade Instagram Account | |
Charter Prime LinkedIn Page | First Trade LinkedIn Page | |
YouTube | Charter Prime YouTube Channel | First Trade YouTube Channel |
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First Trade and Charter Prime Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Charter Prime and First Trade will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Charter Prime vs First Trade - Awards
Charter Prime vs First Trade - Frequently Asked Questions
Charter Prime vs First Trade - Headquarters And Year Of Founding
Charter Prime was founded in 2012 and has its headquaters in Australia.
First Trade was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for First Trade or Charter Prime
The minimum deposit for Charter Prime is $200.
The minimum deposit for First Trade is $5.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Charter Prime and First Trade are a good option.
Charter Prime vs First Trade - Regulation And Licencing In More Detail
Charter Prime is regulated by Financial Conduct Authority (FCA).
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both Charter Prime and First Trade have a powerful set of rules for ensuring fair trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Charter Prime vs First Trade Commission And Fees
Charter Prime and First Trade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these cases, you're paying a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither Charter Prime or First Trade charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by Charter Prime and First Trade are relatively greater. Consequently, you are charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Charter Prime vs First Trade review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For Charter Prime And First Trade
What Languages Do Charter Prime And First Trade Support?
Being able to talk completely with your online broker is a key way of comparing brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.
Below you can find all the languages that both Charter Prime and First Trade support.
Broker | Charter Prime | First Trade |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do Charter Prime and First Trade Have?
Both Charter Prime and First Trade are well known and trusted. It is really important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers Charter Prime and First Trade have
Broker | Charter Prime | First Trade |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Charter Prime and First Trade Accept?
Charter Prime and First Trade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Charter Prime and First Trade
Broker | Charter Prime | First Trade |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
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What Can You Trade With Charter Prime and First Trade?
Charter Prime offers 71 trading instruments whilst First Trade offers 101.
Below you will find a full breakdown of what both Charter Prime and First Trade offer.
Charter Prime Review
Charter Prime vs First Trade:
Table Of Contents
- Compare Charter Prime vs First Trade
- Benefits of Charter Prime and First Trade Compared
- First Trade and Charter Prime Mobile App Comparison
- Charter Prime vs First Trade - Awards
- Charter Prime vs First Trade - Frequently Asked Questions
- What is the minimum deposit for First Trade or Charter Prime
- Charter Prime vs First Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For Charter Prime And First Trade
- What Languages Do Charter Prime And First Trade Support?
- How Many Clients Do Charter Prime and First Trade Have?
- What Payment Methods Do Charter Prime and First Trade Accept?
- What Can You Trade With Charter Prime and First Trade?