CharterPrime Rated 3/5

CharterPrime Guide - Read our In Depth 2021 CharterPrime Review

This CharterPrime review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Benefits of Trading with CharterPrime

CharterPrime Review 2021 Quick Summary
💰 Min Deposit 200
👱‍♂️ Used By 10,000 CharterPrime users and traders
📆 Founded 2012
🌍 HQ Australia
👮‍♂️ Regulation Financial Conduct Authority (FCA)
🚫 Excluded Countries CharterPrime is not available in the following countries :

Open CharterPrime's Website

Your capital is at risk

learn more Learn more about eToro. 67% of retail investor accounts lose money when trading CFDs with this provider.

What is CharterPrime?

CharterPrime are a global online financial trading platform and multi asset broker founded in 2012

Over 9 years later CharterPrime has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

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

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

We will dive deep in this CharterPrime review and assess how well the CharterPrime platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like CharterPrime can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of CharterPrime we breakdown the pros and cons. What CharterPrime are able to offer, what countries CharterPrime are available in. Who CharterPrime are regulated by and more.

CharterPrime Review Screenshot

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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this CharterPrime review useful.

This review of the CharterPrime platform is very detailed. If you are interested in trading with CharterPrime in any capacity please take the time to read and research the whole CharterPrime review.

We have tried to explain the ins and outs of financial trading through the CharterPrime platform as plainly as possible so that you the trader are as informed as possible before you start to use the CharterPrime trading tools and depositing and withdrawing funds from CharterPrime.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with CharterPrime like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in CharterPrime and know that the management of your financial investments on the CharterPrime platform are in good hands.

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

With this CharterPrime 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 review
CharterPrime is a Multi-Assets Trading Platform with over 71+ Assets

Learn more about CharterPrime. CharterPrime is a multi asset platform with 71+ tradable Assets. Assets available on CharterPrime include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

CharterPrime trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Features of CharterPrime

CharterPrime review
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 9 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.

Your capital is at risk

Is my money safe with CharterPrime?

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.

What are Tier 1 banks and why should CharterPrime use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in CharterPrime deposited in a Tier 1 bank?

Having any money you deposit with CharterPrime means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if CharterPrime goes out of business for some reason.

Therefore, we can safely conclude that CharterPrime is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. CharterPrime also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding CharterPrime. let us look at the CharterPrime features in more detail.

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.

How CharterPrime as a Company Compare Against Other Brokers

Broker charterprime eToro IC Markets XTB
Year Established 2012 2007 2007 2002
Head Office Australia Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ CharterPrime users 20,000,000+ eToro users 180,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit CharterPrime Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 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.

CharterPrime review
CharterPrime Pros and Cons

What we like about CharterPrime

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

What we don't like about CharterPrime

CharterPrime review
CharterPrime Regulation and Licensing 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 for license approval, this is 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. Financial regulation and license approval is essential.

CharterPrime is regulated, 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.

Is CharterPrime Global?

Yes, CharterPrime is global as CharterPrime is available in over 194 countries.

CharterPrime is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries CharterPrime covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. CharterPrime has a total of more than 10,000 users.

CharterPrime review
CharterPrime Fees Explained

  • CharterPrime withdrawal fees varies on payment method
  • CharterPrime does charge a fee for inactive accounts.
  • CharterPrime does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How CharterPrime Fees Compare Against Other Brokers

Broker charterprime eToro IC Markets XTB
Min Deposit 200 200 200 0
Withdrawal Fees $30 Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

CharterPrime Minimum Deposit

CharterPrime require a minimum desposit of 200 GBP/USD when opening an CharterPrime trading account.

A minimum deposit is the minimum amount of money required by CharterPrime to open a new online brokerage account with them.

Dont be scared off by brokers like CharterPrime charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

CharterPrime Withdrawal Fees

CharterPrime withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

CharterPrime for example allow you to withdraw your funds to Credit cards, Skrill, Neteller.

CharterPrime Inactivity Fees

CharterPrime does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

CharterPrime Desposit Fees

CharterPrime does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

CharterPrime Commission Fees

CharterPrime does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

CharterPrime review
What can you trade with CharterPrime?

Be aware that Different entities under CharterPrime Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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

If you are looking for Forex brokers to trade currency pairs on global Forex markets CharterPrime offer over currency pairs.

Compare CharterPrime with eToro and IC Markets below.

Your capital is at risk

How CharterPrime Trading Options Compare Against Other Brokers

Broker charterprime eToro IC Markets XTB
Instruments Available 71 2000 232 4000
Platforms MetaTrader 4 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 57
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 110 1696
UK Shares No Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit CharterPrime
Your capital is at risk
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
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.

CharterPrime review
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

Is the CharterPrime Trading Platform Secure?

CharterPrime safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. CharterPrime also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating CharterPrime.

CharterPrime Trading Platform Options

Once you have logged into your CharterPrime account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

CharterPrime does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

CharterPrime does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options CharterPrime gives you.

CharterPrime review
CharterPrime MetaTrader 4 (MT4)

CharterPrime MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with CharterPrime. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with CharterPrime in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. CharterPrime MetaTrader 4 is compatible with the latest macOS Mojave. CharterPrime allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on CharterPrime

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade CharterPrime MetaTrader 4 on IOS Devices

You can download the CharterPrime app or also trade with CharterPrime through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade CharterPrime MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. CharterPrime provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android CharterPrime MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade CharterPrime MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

CharterPrime MetaTrader 4 Advanced Trading Tools

The CharterPrime advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. CharterPrime offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade CharterPrime MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

CharterPrime MetaTrader 4 AutoChartist

CharterPrime Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

CharterPrime Trading benefits

  • Allows hedging
  • Offers STP
  • Low min deposit

CharterPrime Trading Accounts Offered

Below we give an overview on the account types that CharterPrime offer. Whatever you are looking to trade the varying CharterPrime account types will be able to provide you with what you need.

  • 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

Your capital is at risk

CharterPrime withdrawal and funding methods

Please note that the list of CharterPrime payment methods below depend on the CharterPrime Entity and the Clients Country of Residence.

All available CharterPrime payment methods available to you can be found in your CharterPrime members area checked on the CharterPrime website.

CharterPrime offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about CharterPrime

CharterPrime Payment Methods

  • CharterPrime accepts Credit cards
  • CharterPrime accepts Skrill
  • CharterPrime accepts Neteller
Broker charterprime eToro IC Markets XTB
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 No Yes
Neteller Yes Yes Yes Yes

*please note available CharterPrime and other broker payment methods depend on the clients country of residence.

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. You will need to provide some basic documentation to prove your identity as part of CharterPrime onboarding and normal KYC identity checks. These checks are standard practice and help CharterPrime provide a safe financial environment for their 10,000 users.

Your capital is at risk

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 instruments.

CFD Trading on CharterPrime

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

CharterPrime offer CFD which 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 CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

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. Make sure you make full use of all education tools. This includes eduction tools with CharterPrime and externally.

CharterPrime offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing 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

As part of our CharterPrime review we review customer service options, response times and CharterPrime trading platform problem resolution effectiveness.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 IC Markets XTB
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, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit CharterPrime Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 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.

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under CharterPrime Brand may be different.

  • 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 3 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 the CharterPrime trading platform 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 April 09, 2021.

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 9 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 Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

CharterPrime not quite right?

If after reading this CharterPrime review, CharterPrime does not fulfill your needs check out these CharterPrime Alternatives.

Click here to view the best 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 Vs Comparisons

We have covered allot in this CharterPrime review, If you want to see how CharterPrime compares side by side with other brokers check out our CharterPrime Vs pages.

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 our indepth CharterPrime VS pages below.

CharterPrime review
CHARTERPRIME Frequently Asked Questions

Read our detailed CharterPrime FAQ Section updated for 2021.

Can I try CharterPrime before I buy?

CharterPrime offer a demo account so you can try the CharterPrime platform with virtual trading before you put down a payment. Virtual trading with CharterPrime is zero risk. Learn more here

What funding methods do CharterPrime accept?

Please note that the list of payment methods below depend on the CharterPrime Entity and the Clients Country of Residence.

CharterPrime offer the following funding payment methods 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.

Your capital is at risk

Is CharterPrime trading good?

CharterPrime is considered good and reputable to trade with CharterPrime. CharterPrime is used by over 10,000 active traders and CharterPrime users. CharterPrime offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with CharterPrime is 200.

Is CharterPrime trading Legit?

CharterPrime was founded in Australia in 2012. CharterPrime has been facilitating trade on the financial markets for over 9 years. CharterPrime offers clients Forex trading, CFD trading, Spread Betting trading, Social 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, CFD trading, Spread Betting trading, Social 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). Regulatory bodies conduct regular reviews and audits as part of CharterPrime maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

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 9 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 a fee for inactive accounts. CharterPrime does charge deposit fees.

When was CharterPrime founded?

CharterPrime was founded in 2012.

How many people use CharterPrime?

CharterPrime is used by over 10,000 registered CharterPrime users.

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. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

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 CharterPrime users and 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?

Please note that funding methods and funding options available with CharterPrime can be found in the CharterPrime Members area and depend on the CharterPrime client’s country of residence. Please check your specific available payment methods on the CharterPrime website. 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