CharterPrime Vs XM

CharterPrime and XM in Detail

The CharterPrime online trading platform gives traders from all over the world access to over 71 financial instruments including over 1,000 available instruments. There are over 10,000+ registered customers that have taken advantage of the CharterPrime platform.

CharterPrime are regulated by Financial Conduct Authority (FCA).

XM is a renowned Cyprus financial trading brokerage established in 2009.

XM serves customers globally and are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). Depending on the country you are trading from CharterPrime may serve you from a different business entity to comply with its financial regulators.

XM is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. CharterPrime is listed as a publically traded company so are a reputable broker.

XM is a popular well known financial trading platform serving over 10,000,000 customers.

Benefits of CharterPrime and XM Compared

Below, we will give you a summary of the benefits CharterPrime and XM offer side by side.

CharterPrime offers a minimum deposit of 200 while XM have a 5 minimum deposit.

Why smaller trading deposits are good and how CharterPrime and XM compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either CharterPrime or XM. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. CharterPrime requires a minimum deposit of 200, whereas XM mandates a minimum deposit of 5. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's CharterPrime or XM, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

CharterPrime allows traders to trade up to 71 financial instruments while XM have around 1,000 on their trading platform.

The more instruments available on CharterPrime and XM trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of CharterPrime or XM.

The CharterPrime trading platform has 0 stocks listed while XM has 160 stocks listed.

CharterPrime allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the CharterPrime MetaTrader 4 trading platforms.

Alternatively XM allows retail traders to trade Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs on the XM MT4, MT5, Mac, Web Trader, Tablet & Mobile apps trading platforms.

Compare CharterPrime and XM in more detail below.

Drawbacks of CharterPrime and XM Compared

Below we compare what drawbacks CharterPrime and XM have side by side.

Various potential downsides can be associated with certain brokers, including CharterPrime and XM. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by CharterPrime compared to XM. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of CharterPrime versus XM.

Broker	charterprime	XM	IC Markets
Inactivity Fees		Yes	No
Withdrawl Fees	$30	No	No
Withdrawal Processing Time	Varies	2 business days	Varies
Min Deposit	200	5	200
Social Trading	Yes	No	Yes
Excluded Countries		US, CA, IL, IR	US, IR, CA, NZ, JP

CharterPrime Vs XM Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with CharterPrime or XM. A diversified portfolio with CharterPrime or XM can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like CharterPrime or XM, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as CharterPrime and XM.

Broker	charterprime	XM	IC Markets
Instruments Available	71	1000	2250
Offers share dealing	Yes	No	Yes
Number of Shares	0	160	2,100
Offers US Stocks	Yes	Yes	Yes
Offers UK Stocks	No	Yes	Yes
Offers German Stocks	No	Yes	Yes
Offers Japanese Stocks	No	Yes	Yes
Offers Indices Trading	Yes	Yes	Yes
Number of Commodities	0	15	20
Offers Metals Commodities	Yes	Yes	Yes
Offers Energy Commodities	Yes	Yes	Yes
Offers Agricultural Commodities	Yes	No	Yes
Offers Forex Trading	Yes	Yes	Yes
Number of Forex Pairs		55	61
Offers Major Forex Pairs	Yes	Yes	Yes
Offers Minor Forex Pairs	No	Yes	Yes
Offers Exotic Forex Pairs	Yes	Yes	Yes
Offers CFD Trading	Yes	Yes	Yes
Offers Social Trading	Yes	No	Yes

CharterPrime Vs XM Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both CharterPrime and XM, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both CharterPrime and XM offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with CharterPrime or XM is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with CharterPrime or XM could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on CharterPrime, XM, and all brokers are subject to regulation.

We compare CharterPrime vs XM Crypto options below side by side.

Broker	charterprime	XM	IC Markets
Allows Cryptocurrency Trading (availability subject to regulation)	Yes	No	Yes
Cryptocurrencies Offered	BTC, ETH, XRP, LTC, USDT		BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

CharterPrime Vs XM Commission and Fees

knowing your trading and commission fees with CharterPrime vs XM is extremely important. For the majority of the CharterPrime 71 financial instruments and XM 1,000 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with CharterPrime and XM. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with CharterPrime and XM before you invest because you must know what you are paying.

You ideally want to choose a broker like CharterPrime or XM that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with CharterPrime or XM. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential CharterPrime and XM fees, of course. Make sure you do your research and check the commission and fees with both CharterPrime and XM before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with CharterPrime or XM be aware of or 3rd party payment provider fees and currency conversion fees.

Both CharterPrime and XM do charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant CharterPrime and XM accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your CharterPrime or XM account, or choose to close it.

Usually, the associated fees for dormant CharterPrime or XM accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live CharterPrime or XM trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like CharterPrime or XM you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay CharterPrime or XM nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how CharterPrime vs XM compare side by side for commissions and fees.

Broker	charterprime	XM	IC Markets
Min Deposit	200	5	200
Inactivity Fees		Yes	No
Withdrawal Fees	$30	No	No
Deposit Fees		No	Varies

CharterPrime Vs XM Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the CharterPrime and XM platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an CharterPrime or XM demo account.

Broker	charterprime	XM	IC Markets
Offers MT4	Yes	Yes	Yes
Offers MT5	No	Yes	Yes
Offers cTrader	No	No	Yes

CharterPrime Vs XM Mobile Trading

Trading on your mobile with CharterPrime and XM can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and CharterPrime and XM mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with CharterPrime or XM. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with CharterPrime or XM can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with CharterPrime or XM is essential. Likewise, if you have an android phone, it's crucial to verify if CharterPrime or XM broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if CharterPrime and XM have trading apps compatible with your device.

Broker	charterprime	XM	IC Markets
Web Platform	Yes	Yes	Yes
IOS Trading App	yes	Yes	Yes
Android Trading App	yes	Yes	Yes
Microsoft Trading App	yes	Yes	Yes

CharterPrime Vs XM Trading Account Types Offered

CharterPrime Vs XM Demo Account

A demo account with CharterPrime or XM is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an CharterPrime and XM demo account.

CharterPrime Vs XM Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if CharterPrime or XM offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Both CharterPrime and XM do offer Micro accounts.

CharterPrime Vs XM Standard Account

A standard account is available on CharterPrime and XM to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both CharterPrime and XM do offer clients Standard accounts.

CharterPrime Vs XM MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with CharterPrime or XM or alternative.

CharterPrime and XM do not offer clients MAM accounts.

CharterPrime Vs XM ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with CharterPrime or XM or alternative.

CharterPrime does offer clients ECN accounts, while XM does not offer clients ECN accounts.

CharterPrime Vs XM Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with CharterPrime or XM or alternative.

Both CharterPrime and XM do offer clients Islamic accounts.

CharterPrime Vs XM STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with CharterPrime or XM or alternative.

CharterPrime does offer clients STP accounts, while XM does not offer clients STP accounts.

CharterPrime Vs XM Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

CharterPrime and XM do not offer clients Managed accounts.

Broker	charterprime	XM	IC Markets
Offers Demo Accounts	Yes	Yes	Yes
Offers Micro Accounts	Yes	Yes	No
Offers Standard Accounts	Yes	Yes	Yes
Offers MAM Accounts	No	No	Yes
Offers ECN Accounts	Yes	No	No
Offers Islamic Accounts	Yes	Yes	Yes
Offers STP Accounts	Yes	No	No
Offers Managed Accounts	No	No	No

CharterPrime Vs XM Withdrawal and Funding Methods

CharterPrime and XM have multiple deposit and withdrawal options. Funding and withdrawing from your CharterPrime and XM accounts to your chosen payment method should be straightforward. Lets see how CharterPrime and XM compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from CharterPrime or XM.

Broker	charterprime	XM	IC Markets
Payment Methods	Credit cards, Skrill, Neteller,	Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,	Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

CharterPrime Vs XM Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of CharterPrime or XM support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the CharterPrime and XM support is always available when needed. CharterPrime and XM customer support is not just useful. broker customer support is crucial to your trading success!

CharterPrime Vs XM Live Chat

Live chat is important for several reasons. When you encounter a problem with CharterPrime or XM trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both CharterPrime and XM offer livechat support.

CharterPrime Vs XM Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either CharterPrime or XM you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the CharterPrime or XM support team to answer satisfactorily. Email support with CharterPrime and XM will be needed.

Both CharterPrime and XM offer email support.

CharterPrime Vs XM Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either CharterPrime or XM. We can get straight to the point, saving us time and frustration.

CharterPrime do not offer phone support. On the other hand XM do offer phone support.

Lets see how CharterPrime and XM customer support compare side by side.

Broker	charterprime	XM	IC Markets
Offers Live Chat	Yes	Yes	Yes
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email	[email protected]	[email protected]	[email protected]
Phone		357 25029933	No

CharterPrime Vs XM Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether CharterPrime and XM are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that CharterPrime or XM have these in place, please be extremely cautious before you proceed with them.

We compare CharterPrime Vs XM financial regulation and licensing side by side below.

Broker	charterprime	XM	IC Markets
FCA Regulation	Yes	No	No
CySEC Regulation	No	Yes	Yes
MiFID Regulation	No	No	No
ASIC Regulation	No	Yes	Yes
FSCA Regulation	No	No	No
DFSA Regulation	No	No	No
MAS Regulation	No	No	No

CharterPrime Vs XM Risk Management Features

When trading with either CharterPrime or XM you will want to understand and make full use of all the risk management features on your CharterPrime or XM trading platforms.

We compare side by side the trading risk management features offered by CharterPrime and XM below.

CharterPrime Vs XM Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Both CharterPrime and XM do offer clients hedging.

CharterPrime Vs XM Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both CharterPrime and XM do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on CharterPrime or XM. You must still monitor any live trades and your financial exposure and financial risk.

CharterPrime Vs XM Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both CharterPrime and XM do offer clients limit orders.

CharterPrime Vs XM Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both CharterPrime and XM do offer clients negative balance protection.

Broker	charterprime	XM	IC Markets
Offers Hedging	Yes	Yes	Yes
Negative Balance Protection		Yes	Yes
Guaranteed Stop Loss		No	No
Offers Limit Orders		Yes	Yes
Offers Trailing Stops		Yes	Yes

CharterPrime Vs XM Verdict

We hope this CharterPrime Vs XM guide has helped you decide who is best to trade with out of CharterPrime and XM.

When choosing a broker like CharterPrime or XM for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with CharterPrime or XM are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as CharterPrime or XM, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with CharterPrime or XM.

Also, before you sign up with online brokers like CharterPrime or XM, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with CharterPrime or XM before investing money into something.

Beware of the risks that come with trading with CharterPrime or XM. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all CharterPrime and XM educational resources and financial research tools. If you are new to trading, sign up for a demo account with CharterPrime and XM to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using CharterPrime or XM will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if CharterPrime and XM fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with CharterPrime or XM if your investment strategy is more long-term.

CharterPrime and XM Alternatives

If CharterPrime and XM are not what you are not quite what you are looking for we list some of the best CharterPrime and XM alternatives below.

Other CharterPrime and XM Vs Comparisons

If you are still looking for an alternative to CharterPrime and XM and want to see how CharterPrime or XM compares Vs other brokers check out the CharterPrime Vs and XM Vs list below.

CharterPrime Vs Alternatives

Still not happy have a look at some of our alternative CharterPrime Vs side by side comparisons below

• CharterPrime vs IC Markets
• CharterPrime vs Roboforex
• CharterPrime vs eToro
• CharterPrime vs XTB
• CharterPrime vs XM
• CharterPrime vs Pepperstone
• CharterPrime vs AvaTrade
• CharterPrime vs FP Markets
• CharterPrime vs NordFX
• CharterPrime vs easyMarkets

XM Vs Alternatives

Still not happy have a look at some of our alternative CharterPrime Vs side by side comparisons below

• XM vs IC Markets
• XM vs Roboforex
• XM vs eToro
• XM vs XTB
• XM vs Pepperstone
• XM vs AvaTrade
• XM vs FP Markets
• XM vs NordFX
• XM vs easyMarkets
• XM vs SpreadEx

CharterPrime Vs XM Frequently Asked Questions

We answer some of the most frequently asked CharterPrime Vs XM questions below.

Is CharterPrime any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is CharterPrime legit? - CharterPrime are regulated by Financial Conduct Authority (FCA) and have been in business since 2012

Is XM any Good?

XM are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2009.

Which is better CharterPrime or XM?

CharterPrime does not have a high rating, while XM does not have a high rating.

Is CharterPrime a con?

CharterPrime is regulated by Financial Conduct Authority (FCA) and have been in business since 2012. CharterPrime is most definitely not a con as they are regulated by major financial regulators.

Is XM a con?

XM is regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2009. XM is most definitely not a con as they are regulated by major financial regulators.

What happens if CharterPrime or XM go bust?

CharterPrime and XM are regulated, which means that as part of their regulatory obligations CharterPrime and XM have to offer a certain level of financial protection to their clients. CharterPrime and XM should by law keep client funds separate from CharterPrime and XM funds. If either CharterPrime or XM goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the CharterPrime and XM websites and regulators.

Are CharterPrime or XM good for beginners?

CharterPrime and XM offer low deposits and access to a selection of market insights and news resources. Both CharterPrime and XM offer demo accounts. Demo trading accounts are a big plus for CharterPrime and XM as it shows they are interested in their customers.