CharterPrime Review 2020

CharterPrime Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CharterPrime Guide

CharterPrime are an online broker founded in 2012 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

CharterPrime are a global broker and have a head office in Australia.

CharterPrime have a listed stock symbol. This means that CharterPrime have publically listed and you can officially buy shares in CharterPrime on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of CharterPrime we break down the pros and cons. What CharterPrime are able to offer, what countries CharterPrime are available in. Who CharterPrime are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with CharterPrime

  • Regulated by: Financial Conduct Authority (FCA)
  • Headquarters Country : Australia
  • Foundation year 2012
  • Min Deposit : 200
  • Used by over 10,000 traders
  • CharterPrime is not available in the following countries :
Open CharterPrime's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to CharterPrime

With this review we hope to help you see if CharterPrime is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding CharterPrime that will help you get off to a good start in the world of online trading.

CharterPrime Review Table of Contents

CharterPrime what you should know

CharterPrime offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With CharterPrime you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with CharterPrime platform.

CharterPrime are able to accommodate various levels of traders whether you are experienced or a beginner.


Are CharterPrime safe?

When choosing a broker like CharterPrime the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2012, and in operation for 8 years CharterPrime have a head office in Australia.

CharterPrime is regulated. This means CharterPrime are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to CharterPrime, this will be honored. If CharterPrime violate any regulatory rules their regulated status could be stripped.

Any payments funded to CharterPrime accounts by traders are held in a segregated bank account.

For added security CharterPrime use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with CharterPrime. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit CharterPrime

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker charterprime eToro XTB Pepperstone
Year Established 2012 2006 2002 2010
Head Office Australia Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit CharterPrime Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

CharterPrime Pros and Cons

What we like about CharterPrime

  • Used by over 10,000 traders
  • Established in 2012
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $200

What we don't like about CharterPrime

CharterPrime Financial Regulation and Supervision in more detail

We have checked and CharterPrime is regulated and supervised by reputable organisations. You are able to check every CharterPrime supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with CharterPrime. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect CharterPrime traders and provide a safe trading environment.

CharterPrime is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as CharterPrime you should be sure they're legitimate online agent.

CharterPrime General Fees

  • CharterPrime withdrawal fees varies on payment method
  • CharterPrime does charge inactivity fees
  • CharterPrime does charge deposit fees
Broker charterprime eToro XTB Pepperstone
Min Deposit 200 200 0 200
Withdrawl Fees $30 Yes varies No
Inactivity Fees Yes No Yes
Deposit Fees No No No
CFD Commission Fees No Yes Yes

CharterPrime Commissions

  • CharterPrime does charge commission on CFD instruments.

What can you trade with CharterPrime?

You can trade a wide variety of instruments with CharterPrime over 71 instruments infact.

If you are looking at trading currency pairs CharterPrime offer over currency pairs.

Compare CharterPrime with eToro and XTB below.

Your capital is at risk

Broker charterprime eToro XTB Pepperstone
Instruments Available 71 100 1,500 100
Platforms MetaTrader 4 Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit CharterPrime Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit CharterPrime Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit CharterPrime Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares No Yes Yes No
US Shares Yes Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on CharterPrime web platforms and other applications

CharterPrime offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

CharterPrime also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See charterprime's platforms

CharterPrime Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit

CharterPrime Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try CharterPrime before I buy?

CharterPrime offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

CharterPrime withdrawl and funding methods.

CharterPrime offer the below funding payment methods. learn more about CharterPrime

  • Credit cards
  • Skrill
  • Neteller
Broker charterprime eToro XTB Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with CharterPrime?

When opening a trading account with CharterPrime, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on CharterPrime trading platforms here.

Performing trades with CharterPrime

CharterPrime allow you to execute a minimum of trade of varies. This may vary depending on the account you open. CharterPrime allow you to execute a maxium trade of varies. As CharterPrime offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

CharterPrime Leverage and CharterPrime CFDs Explained

let's take a look at some of the basics of using CharterPrime leverage.

CharterPrime offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

CharterPrime leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the CharterPrime trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The CharterPrime leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

CharterPrime CFDs are typically used for short to medium term trades. For example CharterPrime intraday trading.

Education resources at CharterPrime

To trade effectively with CharterPrime, it's important to get a have a good understanding of the CharterPrime trading tools and the markets.

CharterPrime offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with CharterPrime.

Take time to look around the CharterPrime platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at CharterPrime

CharterPrime support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

CharterPrime have a D grade support rating because because sometimes the response was slow or our query wasnt answered. CharterPrime less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages.

Livechat Support at CharterPrime

We tested the CharterPrime live chat and it works well. We sent messages to CharterPrime livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with CharterPrime support in multiple languages in multiple countries. CharterPrime where able to resolve our customer issues.

Email Support at CharterPrime

We sent several emails to CharterPrime and answer times overall were excellent. The fastest response from CharterPrime was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with CharterPrime, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from CharterPrime.

Phone Support at CharterPrime

CharterPrime does not offer Phone Support.

See how CharterPrime Support Compares Against Other Brokers

Broker charterprime eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit CharterPrime Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

What you will need to open an account with CharterPrime

As CharterPrime is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore CharterPrime's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with CharterPrime you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.charterprime.com/ on 12th August 2018.

Is CharterPrime A Good Broker?

We spent over 3 months examining CharterPrime in depth. Although we found some very useful aspects of the CharterPrime platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative CharterPrime broker.

  • CharterPrime have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • CharterPrime has a history of over 15 years.
  • CharterPrime has a reasonable sized customer support of at least 10.
  • CharterPrime are regulated by Financial Conduct Authority (FCA). This means CharterPrime fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • CharterPrime have regulation from a Tier 1 reputable country.
  • CharterPrime has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • CharterPrime have an international presence in multiple countries. This includes local CharterPrime seminars and training.
  • CharterPrime are able to hire people from various locations in the world who can better communicate in your local language.

CharterPrime Risk Disclaimer

Your capital is at risk

CharterPrime not quite right?

Check out these CharterPrime Alternatives

We have spent years researching the best alternatives to CharterPrime. Click the links below to learn more.

If you feel some of the above CharterPrime are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of CharterPrime alternatives below.

Related CharterPrime Comparisons

If you would like to see how CharterPrime stands up against other brokers you can read some of our CharterPrime comparisons below. We compare side by side some of our top rated CharterPrime versus comparisons. Read some indepth CharterPrime VS pages below.

CHARTERPRIME Frequently Asked Questions

Can I try CharterPrime before I buy?

CharterPrime offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do CharterPrime accept?

CharterPrime offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is CharterPrime safe?

CharterPrime are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to CharterPrime accounts by traders are held in a segregated bank account. For added security CharterPrime use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is CharterPrime trading good?

CharterPrime is considered good and reputable to trade with. CharterPrimeCharterPrime is used by over CharterPrime active traders. CharterPrime offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with CharterPrime is mindeposit.

Is CharterPrime trading Legit?

CharterPrime was founded in Australia in 2012. CharterPrime has been facilitating trade on the financial markets for over 8 years. CharterPrime offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to CharterPrime are held in segregated tier 1 bank accounts for security. CharterPrime is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is CharterPrime a good broker?

CharterPrime is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.CharterPrime allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is CharterPrime trustworthy broker?

CharterPrime can be considered trustworthy. All money funded to CharterPrime is placed into a segregated tier 1 bank account. this means your money in not held by CharterPrime directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also CharterPrime is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for CharterPrime?

The minimum deposit to trade with CharterPrime is 200.

How long do CharterPrime withdrawals take?

Withdrawing money from CharterPrime processing time varies but averages 2-5 days.

Is CharterPrime regulated?

CharterPrime is regulated by Financial Conduct Authority (FCA).

Is CharterPrime a market maker?

CharterPrime is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with CharterPrime?

When opening a trading account with CharterPrime, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on CharterPrime trading platforms here.

Is my money safe with CharterPrime?

CharterPrime is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like CharterPrime is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to CharterPrime, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is CharterPrime a con?

CharterPrime is regulated and well established having been in business for over 8 years. CharterPrime is definitely not a con.

Can you make money with CharterPrime?

Although traders have had great success with CharterPrime. Trading on the financial markets with CharterPrime is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does CharterPrime have fees?

CharterPrime withdrawal fees varies on payment method. CharterPrime does charge inactivity fees. CharterPrime does charge deposit fees.

When was CharterPrime founded?

CharterPrime was founded in 2012.

How many people use CharterPrime?

CharterPrime is used by over 10000 registered traders.

What is CharterPrime Headquarters country?

CharterPrime has its head quarters office in Australia.

Does CharterPrime offer negative balance protection?

CharterPrime does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does CharterPrime offer guaranteed stop loss?

CharterPrime does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does CharterPrime allow scalping?

CharterPrime does not offer scalping.

Does CharterPrime allow hedging?

CharterPrime offers hedging.

Does CharterPrime offer CFD trading?

CharterPrime offers CFD trading.

Does CharterPrime offer STP?

CharterPrime offers STP trading.

How many people use CharterPrime?

CharterPrime is used by over 10000 traders.

Is CharterPrime an ECN broker?

CharterPrime offers ECN trading.

Does CharterPrime offer a demo account?

CharterPrime offers a demo account.

Does CharterPrime offer an Islamic account?

CharterPrime offers a Islamic accounts.

What are the funding methods for CharterPrime?

CharterPrime accept the following funding methods : Credit cards, Skrill, Neteller,

CharterPrime review written by Andrew Blumer and Mark Hansen

We hope you found our review of the CharterPrime brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

CharterPrime review written by Mark Hansen of Comparebrokers.co