CharterPrime Rated 3/5

CharterPrime Guide - Read our In Depth 2023 CharterPrime Review

This detailed CharterPrime review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Learn more about CharterPrime.

Benefits of Trading with CharterPrime

CharterPrime Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 200
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 CharterPrime users and traders
๐Ÿ“† Founded 2012
๐ŸŒ HQ Australia
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ Excluded Countries CharterPrime is not available in the following countries :

Open CharterPrime's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is CharterPrime?

CharterPrime are a worldwide financial trading platform and broker. founded in 2012

Over 11 years later CharterPrime now serves over 10,000 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, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this CharterPrime review and assess how well the CharterPrime platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like CharterPrime. Choosing or shortlisting a trading platform like CharterPrime can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like CharterPrime.

As a result, selecting the right trading platform like CharterPrime requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like CharterPrime available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like CharterPrime requires thorough due diligence and careful consideration. Some CharterPrime trading features can be complex when trading on mobile or using the CharterPrime online trading platform. Beginners and inexperienced traders must take the time to learn how to use the CharterPrime trading tools properly. In our review of CharterPrime we explain the pros and cons. What CharterPrime offer, countries CharterPrime are available in. Who CharterPrime are regulated by and more.

CharterPrime Review Screenshot

When it comes to online trading with brokers like CharterPrime, carefully review CharterPrime as your broker can make or break your success. Choosing the right broker is essential to ensure your CharterPrime investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your CharterPrime review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of CharterPrime. You must also ensure the CharterPrime broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, CharterPrime needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with CharterPrime into easily digestible information in this CharterPrime review. We want to ensure you have all the knowledge necessary to use the CharterPrime trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with CharterPrime are the key to successful trading, so we've provided this detailed CharterPrime review. So, take a seat, grab a cup of coffee, and dive in to learn about CharterPrime and how it can benefit you or if CharterPrime is not for you.

Online investing with CharterPrime can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with CharterPrime, evaluating the CharterPrime platform is important. Evaluation includes researching the CharterPrime management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with CharterPrime. That's why it's essential to understand the CharterPrime company policies and practices before making any investment decisions. By doing your due diligence and understanding CharterPrime platform, you can make informed investment choices that align with your financial goals. So take the time to research CharterPrime thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this CharterPrime review you need to determine if CharterPrime is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to CharterPrime, so you can make a more informed decision and compare other brokers against CharterPrime.

If you want to look at some CharterPrime alternatives that might better fit your needs, we list and compare some of the best CharterPrime alternatives further down this CharterPrime review.

Don't be fooled by the misconception that online trading is easy with CharterPrime. It can be challenging and requires significant research and understanding of the CharterPrime trading tools and features. You must know what you are doing when trading with CharterPrime. That's why we've compiled this detailed CharterPrime review with some important information that will hopefully make you more informed when online trading with CharterPrime.

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. A financial asset is any security or asset that has financial value attached, tangible or intangible. 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. The assets and products available to you on the CharterPrime trading platform depends on the region of the world, you are in and the CharterPrime entity you have an account.

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 considering CharterPrime for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as CharterPrime, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2012, and in operation for 11 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.

CharterPrime withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like CharterPrime are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. CharterPrime are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of CharterPrime and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. CharterPrime has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, CharterPrime will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like CharterPrime, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If CharterPrime violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with CharterPrime?

All payments made to CharterPrime by traders are securely held in a segregated bank account.

CharterPrime uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

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

CharterPrime partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their CharterPrime clients' funds.

CharterPrime clients can have greater confidence in their financial security when working with a Tier 1 bank because CharterPrime are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

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

Depositing funds with CharterPrime ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if CharterPrime were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that CharterPrime is a secure and safe platform.

Please be aware that trading in financial assets with CharterPrime carries a risk of loss. CharterPrime trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

CharterPrime emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about CharterPrime, let's closely examine its features.

To better understand the CharterPrime trading platform, you can create two separate accounts - one with real money and the other a CharterPrime demo account. A CharterPrime demo account provides a risk-free environment for experimenting with the CharterPrime platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in CharterPrime trading decisions.

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 IC Markets Roboforex eToro
Year Established 2012 2007 2009 2007
Head Office Australia Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ CharterPrime users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit CharterPrime Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

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

CharterPrime is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of CharterPrime going into insolvency. CharterPrime compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like CharterPrime to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for CharterPrime traders.

CharterPrime is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like 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 countries including nations in Africa, Asia, Oceania, and Europe. Major countries CharterPrime covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. 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.

CharterPrime Costs To Check

Modern brokers like CharterPrime provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, CharterPrime may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall CharterPrime trading profitability.

How CharterPrime Fees Compare Against Other Brokers

Broker charterprime IC Markets Roboforex eToro
Min Deposit 200 200 10 50
Withdrawal Fees $30 No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

CharterPrime Minimum Deposit

CharterPrime requires a minimum deposit of 200 GBP/USD/EUR 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.

Don't be scared off by brokers like CharterPrime charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like CharterPrime, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

CharterPrime Withdrawal Fees

The fees for withdrawing funds from your CharterPrime account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your CharterPrime withdrawal request is important.

CharterPrime Withdrawal rules may vary across different brokers when it comes to transferring funds from your CharterPrime or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with CharterPrime may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the CharterPrime withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from CharterPrime. Researching and comparing CharterPrime withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing CharterPrime funds frequently or dealing with large sums of money. Awareness of these CharterPrime fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your CharterPrime funds.

For example, CharterPrime allows you to withdraw your funds to Credit cards, Skrill, Neteller.

CharterPrime Inactivity Fees

CharterPrime does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by CharterPrime terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all CharterPrime fees and services. It's recommended that you check the CharterPrime website before signing up. If you decide to close your CharterPrime account, it's important to do so with the CharterPrime broker customer support and obtain confirmation that no remaining CharterPrime fees are due.

Brokers like CharterPrime must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

CharterPrime Deposit Fees

CharterPrime do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

CharterPrime Commission Fees

CharterPrime does charge commission on CFD instruments.

Brokerage firms like CharterPrime may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the CharterPrime trading account level held by the trader.

CharterPrime may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing CharterPrime terms and conditions to understand the commission fees and any other charges that may apply is essential.

CharterPrime review
What can you trade with CharterPrime?

It's essential to note that the trading instruments offered under the CharterPrime brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the CharterPrime trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, CharterPrime offer over currency pairs.

CharterPrime Compared To Other Brokers

Compare CharterPrime with IC Markets and Roboforex below.

Your capital is at risk

How CharterPrime Trading Options Compare Against Other Brokers

Broker charterprime IC Markets Roboforex eToro
Instruments Available 71 2250 100 5000
Platforms MetaTrader 4 MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
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 No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes 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 IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

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 trading apps help you stay on top of your trades and execute them on the go.

See CharterPrime's platforms

Is the CharterPrime Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the CharterPrime trading platform to protect you on PC and mobile CharterPrime platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using CharterPrime web trading platforms.

CharterPrime Trading Platform Options

After logging into your CharterPrime account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that CharterPrime does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

CharterPrime does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options CharterPrime gives you.

CharterPrime review
CharterPrime MetaTrader 4 (MT4)

CharterPrime MetaTrader 4

CharterPrime MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on CharterPrime offers traders comprehensive features and tools to enhance their trading performance. The CharterPrime MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the CharterPrime platform to their needs. One of the standout features of MT4 is its charting functionality, which allows CharterPrime traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give CharterPrime traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 CharterPrime trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the CharterPrime MetaTrader 4 (MT4) trading platform. MT4 is a platform available with CharterPrime, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The CharterPrime MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. CharterPrime allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click 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 PCs and Apple Macintosh computers. CharterPrime MetaTrader 4 is compatible with the latest macOS. CharterPrime allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on CharterPrime

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade CharterPrime MetaTrader 4 on iOS Devices

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

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. CharterPrime customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade CharterPrime MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and CharterPrime offers its clients access to the MetaTrader 4 platform on these devices. With the CharterPrime MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing CharterPrime traders to stay on top of their trades and react quickly to changes in the market. With the CharterPrime MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade CharterPrime MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on CharterPrime are a powerful bundle of three major indicators designed to help traders make informed decisions. CharterPrime MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help CharterPrime traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing CharterPrime traders to potentially stay one step ahead.

CharterPrime MetaTrader 4 Advanced Trading Tools

The CharterPrime MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give CharterPrime traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, CharterPrime provides traders with everything they need to succeed. The CharterPrime MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing CharterPrime traders to analyze the market at any level of complexity.

Trade CharterPrime MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

CharterPrime MetaTrader 4 AutoChartist

Autochartist on the CharterPrime platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for CharterPrime MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, CharterPrime traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save CharterPrime users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. CharterPrime traders can navigate the platform and find the information they need to make informed trading decisions.

CharterPrime Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for CharterPrime traders of all experience levels.

CharterPrime Trading benefits

  • CharterPrime Allows hedging
  • CharterPrime Offers STP
  • CharterPrime Low min deposit

CharterPrime Trading Accounts Offered

Below we give an overview of 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.

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

Can I try CharterPrime?

CharterPrime provides a demo account that enables individuals to explore trading before investing their funds. By creating a CharterPrime practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the CharterPrime demo account can help individuals to make informed decisions before investing their money.

Open a demo CharterPrime account to practice and trade.

Your capital is at risk

CharterPrime withdrawal and funding methods

It's essential to remember that the payment methods provided by CharterPrime vary based on the CharterPrime entity and the CharterPrime client's country of residence. To view the CharterPrime payment options available, you can log into your CharterPrime member's area.

CharterPrime offers various funding payment methods listed in your CharterPrime dashboard if available in your region. To learn more about the CharterPrime funding and withdrawal options available in your area, you can explore the CharterPrime website.

CharterPrime provides several payment methods for funding your CharterPrime account. You may utilize any of these deposit options if they are available in your region. CharterPrime ensures that users have multiple payment methods to choose from, making it more convenient for verified CharterPrime account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the CharterPrime user's location. learn more about CharterPrime funding and withdrawal methods.

CharterPrime Payment Methods

Some CharterPrime payment methods are local and are available only to specific regions. CharterPrime account holders should check which payment methods are provided in your region.
  • CharterPrime accepts Credit cards
  • CharterPrime accepts Skrill
  • CharterPrime accepts Neteller
Broker charterprime IC Markets Roboforex eToro
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill Yes Yes Yes Yes
Payoneer No No Yes No
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?

To open a trading account with CharterPrime, individuals can sign up on the CharterPrime website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for CharterPrime account validation and making a deposit. Once completed, CharterPrime users can download the trading platform of their choice.

It's important to note that CharterPrime requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps CharterPrime maintain a trustworthy financial environment for its 10,000 users. Detailed information on the CharterPrime trading platforms is available on their website.

Your capital is at risk

Performing trades with CharterPrime

When using CharterPrime, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. CharterPrime have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using CharterPrime can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, CharterPrime margin requirements can differ depending on the traded instrument.

CFD Trading on CharterPrime

We will show you an example of the basics of using CharterPrime leverage.

CFD trading on CharterPrime allows traders to speculate on the price movements of various financial instruments against the broker CharterPrime, without actually owning real assets. With CFDs, CharterPrime traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

CharterPrime provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, CharterPrime leverage profits and losses are magnified when trading. For instance, using CFDs, you use the CharterPrime trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, CharterPrime leverage magnifies both profits and losses in trading.

Trading CFD trades on the CharterPrime platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced CharterPrime traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments 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 have a good understanding of the CharterPrime trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with CharterPrime and externally.

CharterPrime . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with CharterPrime. Familiarizing yourself with the CharterPrime trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using CharterPrime. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with CharterPrime involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like CharterPrime, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with CharterPrime. Explore the CharterPrime platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with CharterPrime, before live trading.

Customer Support at CharterPrime

As part of our CharterPrime review, we review customer service options, response times and problem resolution effectiveness on the CharterPrime trading platform. The CharterPrime trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

CharterPrime Available Support Types

Based on our experience, we have given CharterPrime a D grade for customer support. We encountered some slow response times or CharterPrime queries that were left unanswered.

Compared to other brokers, CharterPrime offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages.

Livechat Support at CharterPrime

Our team tested the live chat support of CharterPrime and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested CharterPrime support services in various countries and languages and found that CharterPrime were able to effectively resolve our customer issues.

Email Support at CharterPrime

We tested the email support of CharterPrime by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any CharterPrime response.

The CharterPrime team did resolve and answer our queries, but the email support from CharterPrime was overall average compared to other brokers we have tested.

Phone Support at CharterPrime

CharterPrime does not offer Phone Support.

See how CharterPrime Support Compares Against Other Brokers

Broker charterprime IC Markets Roboforex eToro
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit CharterPrime Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with CharterPrime

As CharterPrime is regulated by Financial Conduct Authority (FCA).

As a new client of CharterPrime, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with CharterPrime in your region. During the CharterPrime account opening process, you will be asked to provide CharterPrime with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with CharterPrime have the following documents available.

  • CharterPrime require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for CharterPrime compliance. This must be dated within the last six months.
  • If you plan to fund your CharterPrime account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the CharterPrime platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under CharterPrime Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring CharterPrime's platform.

However, remember that you won't be able to make trades on CharterPrime until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the CharterPrime KYC compliance process as soon as possible to avoid any delays in accessing the CharterPrime platform's features.

It is important to note that CharterPrime may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the CharterPrime platform and features immediately. However, you must pass the verification process to start live trading with CharterPrime, which can take up to a few business days.

To start the process of opening an account with CharterPrime you can visit the CharterPrime trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.charterprime.com/ on September 21, 2023.

Is CharterPrime A Good Broker?

We have spent over 5 years examining CharterPrime in depth. Although we found some very useful aspects of the CharterPrime platform that would be useful to some traders. We feel that a alternative to CharterPrime may better suit you.

  • CharterPrime have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • CharterPrime has a history of over 11 years.
  • CharterPrime has a reasonable sized customer support of at least 10.
  • CharterPrime are regulated by the Financial Conduct Authority (FCA). CharterPrime is subject to strict regulatory oversight from its respective jurisdiction, which holds CharterPrime (the broker) accountable for misconduct. This regulatory framework helps ensure that CharterPrime operates fairly and transparently and provides CharterPrime customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and CharterPrime.
  • CharterPrime have regulation from reputable regulators.
  • One of the advantages of using CharterPrime is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from CharterPrime are particularly important as CharterPrime traders want to receive their money quickly. With the efficient CharterPrime payment processing system, traders can enjoy faster access to their CharterPrime funds.
  • CharterPrime have an international presence in multiple countries. Including local CharterPrime seminars and training.
  • CharterPrime can 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 such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

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.

After extensive research over several years, we have compiled a list of the most effective CharterPrime alternatives available today. If you are unsatisfied with CharterPrime or want to explore other options, we recommend checking out our carefully curated list of highly-rated CharterPrime alternatives. Follow the links below to learn more about these CharterPrime broker alternatives and choose the one that best suits your trading needs.

Related CharterPrime Vs Comparisons

Throughout our comprehensive CharterPrime review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing CharterPrime against other popular brokers in the industry, check out our CharterPrime Vs pages. Our team has compiled a series of detailed CharterPrime comparison articles, pitting the CharterPrime platform against some of the best-rated CharterPrime competitors in the market. Dive into our informative CharterPrime Vs pages below to find out how CharterPrime stacks up against other leading brokers.

CharterPrime review
CHARTERPRIME Frequently Asked Questions

Read our detailed CharterPrime FAQ Section updated for 2023.

Can I try CharterPrime?

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 depends on the CharterPrime Entity and the client's 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 have over 10,000 users. CharterPrime are considered reliable 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 bank's financial health and strength.Trading with CharterPrime is risky, and because the market is so volatile, losses could happen at any time.

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 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 11 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 bank accounts for security. CharterPrime is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is CharterPrime a good broker?

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

Is CharterPrime trustworthy broker?

CharterPrime is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to CharterPrime, money is in a segregated bank account that is separate from CharterPrime company's funds. As a regulated broker, CharterPrime cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by CharterPrime. Instead, your CharterPrime funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with CharterPrime. Also CharterPrime is regulated in its local jurisdictions including major financial regulators like 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 depending on the method but averages 1-5 days.

Is CharterPrime regulated?

CharterPrime is regulated by the 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 not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on CharterPrime trading platforms, you can follow the link provided below: Learn more about signing up with the CharterPrime trading platform here. This will provide useful information and insights into the various trading platforms offered by CharterPrime, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with CharterPrime?

Yes your money is safe with CharterPrime.

Overall, strict financial regulation is essential for ensuring that trading platforms like CharterPrime operate fairly, transparently, and responsibly, which ultimately benefits all CharterPrime stakeholders involved.

Trading platforms like CharterPrime must have strict financial regulation for several reasons:

  • Protecting CharterPrime Investors: Strict financial regulation ensures that investors who use the CharterPrime trading platform are protected against fraudulent or unethical behavior by the CharterPrime platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the CharterPrime platform.
  • Maintaining CharterPrime Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the CharterPrime trading platform. Regulatory procedures reduce the likelihood of the CharterPrime platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing CharterPrime Transparency: Regulations require trading platforms like CharterPrime to maintain detailed records and disclose CharterPrime client information. Financial regulatory requirements enhances transparency and helps to build trust between the CharterPrime platform and its investors.

CharterPrime is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as CharterPrime, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, CharterPrime ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like CharterPrime.

Is CharterPrime a con?

CharterPrime is regulated and well established, having been in business for over 11 years. CharterPrime is 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 vary on payment method.CharterPrime does charge a fee for inactive accounts. CharterPrime do 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, 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 guaranteed 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 an Islamic account.

What are the funding methods for CharterPrime?

Please note that funding methods and options available with CharterPrime can be found in the CharterPrime Members area and depend on the CharterPrime clientโ€™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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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