Charter Prime Guide – Read our In-Depth Charter Prime Review
This Charter Prime review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Charter Prime review does not apply to US users.
If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll get adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the right broker who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program will generate hefty returns. Charter Prime is just one such platform that will take you and your investment into great heights. It is crucial to understand all about Charter Prime before you trust them with your money.
Our full Charter Prime Review covers all you will need to know about trading using Charter Prime. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
Charter Prime is a broker which has forged its way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of Charter Prime. This review will help you to know whether Charter Prime is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your advantage.
Charter Prime Review, Table Of Contents
- Who are Charter Prime?
- Benefits Of Trading With Charter Prime
- Everything you should know about trading with Charter Prime
- Is Charter Prime Safe To Trade With?
- Pro's & Con's Of Trading With Charter Prime?
- Compare Brokers Similar To Charter Prime
- Regulation And Licencing In More Detail
- Charter Prime Awards
- Minimum Deposit Required For A Live Account With Charter Prime
- Charter Prime Commission And Fees Explained
- Compare broker fees against Charter Prime
- Charter Prime Withdrawal Fees Explained
- Charter Prime Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Charter Prime?
- Alternatives To Charter Prime
- Frequently Asked Questions About Charter Prime
Who are Charter Prime?
Charter Prime is a forex broker headquartered in Australia and provides a variety of tools for online trading. Since its establishment in 2012, Charter Prime has emerged as a leading player in the field of online broker. Charter Prime includes an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, stocks , commodities.
Over the past 9 years, Charter Prime has grown into one of the leading online brokers.
After launching in 2012, their customer base has become as large as 10,000+ clients.
Charter Prime is a favorite of many traders.. Our Charter Prime review found that they're an excellent choice for automated trading options. It is most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at Charter Prime.
Technology plays a significant role in Charter Prime. Charter Prime features trading on MetaTrader 4. Charter Prime is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Charter Prime is very insightful for new traders since it permits them to get a closer look at the financial markets. Charter Prime caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.
If you feel that Charter Prime is not right for you then at the bottom of this Charter Prime review you wil find a lot of alternatives to Charter Prime.
Everything you should know about trading using Charter Prime
Charter Prime is a dynamic platform that provides various techniques of trading online. These instruments cover the monetary markets considerably. Most of the broker platforms provide fewer methods than Charter Prime
If you wish to exchange with Charter Prime, you'll require a minimum deposit of $200. This deposit is required if you would like to begin trading using Charter Prime. This 2021 Charter Prime review will direct you safely about trading with them.
Charter Prime is as flexible as any other broker platform. Charter Prime is ideal for traders that want a manageable selection of cheap services. The programs provided by Charter Prime are third-party, white-label offerings. All traders may pick from MetaTrader 4.
Together with everything, Charter Prime has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade has to be kept available. The brokers provide premium customer service that rewards clients with advantages.
Many unprofessional brokers attempt to pressurise users into bigger financing for premium services. Charter Prime, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further advantages will come along.
Charter Prime accounts are available all over the world and provides quality service everywhere they have clients. There are some select few countries where Charter Prime accounts are not available. Traders in the following countries cannot open or use a Charter Prime account:
Is Charter Prime Safe To Trade With?
Launched in 2006, Charter Prime has been operating for 9 years, they are headquarted in Australia.
Charter Prime is regulated by Financial Conduct Authority (FCA). These bodies have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This means that Charter Prime users don't need to be worried about their money as it's segregated and safely kept in banks that are established. SSL encryption secures every user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with Charter Prime for heightened security. An SMS for the confirmation code will be sent to your phone. You will be required to input this code to log into your account.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more widespread in the example of Market Maker brokers who compete with users on the platform.
Pro's & Con's Of Trading With Charter Prime
Every online trading platform has a few ups and downs, and no Charter Prime review would be complete without showing both sides. This Charter Prime review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Charter Prime Pro's
- Charter Prime is trusted by 10,000+ clients
- Charter Prime doesn't charge withdrawal fees
- Charter Prime doesn't charge inactivity fees
- Charter Prime doesn't charge deposit fees
- Charter Prime doesn't charge CFD fees
- Charter Prime offer trading on MetaTrader 4
- Charter Prime offer 71 trading instruments
- Charter Prime trades major forex pairs
- Charter Prime trades exotic forex pairs
- Charter Prime offers trading on cryptocurrencies
- Charter Prime can communicate in
Charter Prime Con's
- Charter Prime does not offer Negative Balance Protection
- Charter Prime does not offer Guaranteed Stop Loss
- Charter Prime doesn't trade minor forex pairs
Charter Prime Review - Compare Brokers Similar To Charter Prime
|Charter Prime||Darwinex||Virtual Brokers||Wilsons Advisory And Stockbroking|
|Regulated By||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA)||The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
Charter Prime Review - Regulation And Licencing In More Detail
Charter Prime is regulated by Financial Conduct Authority (FCA).
Charter Prime, as a company, has a powerful collection of rules for ensuring honest trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial details.
Charter Prime Review - Awards
- At the time of writing this Charter Prime review, they had not received any awards.
Charter Prime Review - Minimum Deposit Required
The minimum deposit you need to get started on Charter Prime is $200. This is a decent amount for people just beginning. You can make more advanced deposits as you go along. But, make certain you know how to make the most of your money before investing in larger sums.
Charter Prime Review - Commission And Fees Explained
Charter Prime is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this objective.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you're paying a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Charter Prime doesn't charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by Charter Prime are comparatively competitive. As a result, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This Charter Prime review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Charter Prime
|Charter Prime||Darwinex||Virtual Brokers||Wilsons Advisory And Stockbroking|
Charter Prime Review - Withdrawal Fees ExplainedCharter Prime doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the Charter Prime account. You can withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily need to have any cash on your account.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent to the card. Charter Prime will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to withdraw in.
Charter Prime Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with Charter Prime. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for a while. The period considered inactive is decided by the agent.
The inactivity fee differs from 1 agent to another and is not standardized. If a traders account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this commission under terms and conditions that they had consented while registering.
Charter Prime doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges have been implied by Charter Prime, it is better that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to a lot of circumstances and should be revealed clearly by the agent beforehand.
Charter Prime Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this operation.
Charter Prime doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Charter Prime trading platform is easy. You just need to complete a single-user profile survey to start depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit large amounts.
Charter Prime Review - Compare Broker Deposit Methods
|Charter Prime||Darwinex||Virtual Brokers||Wilsons Advisory And Stockbroking|
What Can You trade With Charter Prime?
Note: Charter Prime provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can be different depending on the country of residence of the client.
Charter Prime has a wide variety of over 71 instruments available for you to trade with.
If trading forex pairs is of interest to you then Charter Prime offer over currency pairs.
Compare Charter Prime, Darwinex, Virtual Brokers & Wilsons Advisory And Stockbroking below.
Alternatives To Charter Prime
If, after reading this Charter Prime review, Charter Prime doesn't quite fulfill your requirements check out these Charter Prime alternatives.
We have scoured the internet to find the best alternatives to Charter Prime. Click on the links below to learn more.
Frequently Asked Questions about Charter Prime
Can I try Charter Prime before I buy?
Yes, you can most definitely try Charter Prime before you buy. Charter Prime provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demonstration account on Charter Prime, you may set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you before you choose to invest your own money.
With this virtual Charter Primedemo account, you can experiment in any way, to whatever length you desire. You can even open positions, examine different trading strategies, and more.
Charter Prime specifies on its official website that you can exchange real time stocks with your demo account.
Is Charter Prime safe?
It is possible to drop all your worries since we believe that Charter Prime is completely safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA).
Even so, Charter Prime doesn't provide assured stop-loss protection.
Why does Charter Prime ask for my passport?
The reason that Charter Prime asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Charter Prime has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Charter Prime must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Charter Prime?
The process to start trading withCharter Prime is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Charter Prime website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Charter Prime is $200. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Charter Prime.
The best way to kickstart your trading career with Charter Prime is to open a demo account facility before risking any real money
What funding methods do Charter Prime accept?
There are a number of ways to fund your account with Charter Prime. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in all place. The currencies Charter Prime
Is my money safe with Charter Prime?
Yes, your cash is safe and protected with Charter Prime. As you already know, Charter Prime operates with good conformation to. It has established lots of steps to guard all of its own investors.
Charter Prime protects its customers' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation that you get your accounts.
Is Charter Prime trading good?
Yes, trading via Charter Prime is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you can also gain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does Charter Prime support?
Charter Prime operates around the globe. However, due to regulations there are some countries that Charter Prime can't accept clients from
Is Charter Prime legit?
Charter Prime is a legit company headquarted in Australia since 2012. They are regulated by Financial Conduct Authority (FCA). Charter Prime is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Charter Prime a good broker?
Charter Prime is an excellent agent, and its users may vouch for it. The highlight of this platform is its fast order execution on trades.
You will find the clean layout of the platform along with the commendable features a pleasure to work with.
Is Charter Prime a trustworthy broker?
Yes, Charter Prime is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Charter Prime?
The minimum deposit to open a live account with Charter Prime is $200
How long do Charter Prime withdrawals take?
Normally, withdrawal of money from Charter Prime is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Charter Prime to show in your bank account.
Are Charter Prime regulated?
Charter Prime are regulated by Financial Conduct Authority (FCA)
Is Charter Prime a market leading broker?
Charter Prime is currently one of the business leaders. It supports over 10,000+ registered users and over 9 years of expertise on its record. They are one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide range of tools plus resources so you can invest in capital markets.
Is Charter Prime a con?
No, Charter Prime is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Charter Prime is not a scam.
Can you make money with Charter Prime?
Using Charter Prime, several traders earn a great deal of cash. But typically, through consistent trading, you can make between 2% - 10% profit a month.
This may seem like a little number, but within the year, this adds to a substantial amount of gains. While Charter Prime supply you all of the tools to make money, they can't guarantee you will gain.
Does Charter Prime have fees?
Yes. To begin trading using Charter Prime, you need to deposit $200. Particular commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.
When was Charter Prime founded?
Charter Prime was founded in 2012 in Australia. Charter Prime is regulated by Financial Conduct Authority (FCA).
How many people use Charter Prime?
Charter Prime is a worldwide recognised broker with 10,000+ clients.
Where is the Charter Prime head office?
Charter Prime has its head office in Australia
Does Charter Prime offer negative balance protection?
No. Charter Prime doesn't provide negative balance protection. If your balance is negative, Charter Prime suggests that you promptly contact customer services. For this, you can correct any imbalances in your own account.
Does Charter Prime offer guaranteed stop loss?Charter Prime regrettably, does not offer guaranteed stop loss. Charter Prime provides a chance to its traders to close their trade at their specified price. Aside from that, Charter Prime does not offer guaranteed stop loss.
Does Charter Prime allow scalping?Yes, Charter Prime do allow scalping. Several traders across the world select Charter Prime due to their scalping services. They offer trading on MetaTrader 4 which let this.
Does Charter Prime allow hedging?
Yes, Charter Prime does allow hedging.
Can you trade energies with Charter Prime?
Yes, you can trade energy stocks with Charter Prime
Can you trade agricultural shares with Charter Prime?
Yes, you can trade agricultural stocks with Charter Prime
Can you trade cryptocurrency with Charter Prime?
Yes, you can trade cryptocurrency with Charter Prime
Can you trade metals with Charter Prime?
Yes, you can trade metals with Charter Prime
Can you trade UK Shares with Charter Prime?
No, unfortunately you cannot trade UK shares with Charter Prime
Can you trade US Shares with Charter Prime?
Yes, you can trade US shares with Charter Prime
Can you trade Japanese Shares with Charter Prime?
No, unfortunately you cannot trade Japanese shares with Charter Prime
Can you trade German Shares with Charter Prime?
No, unfortunately you cannot trade German shares with Charter Prime
Does Charter Prime accept bank transfers?
No, Charter Prime does not accept bank transfers.
Does Charter Prime accept credit cards?
No, Charter Prime does not accept credit cards.
Does Charter Prime accept PayPal?
No, Charter Prime does not accept PayPal.
Does Charter Prime accept Skrill?
No, Charter Prime does not accept Skrill.
Does Charter Prime accept Payoneer?
No, Charter Prime does not accept Payoneer.
Does Charter Prime accept Neteller?
No, Charter Prime does not accept Neteller.
Does Charter Prime offer Live Chat customer support?
No, Charter Prime does not offer customer support through live chat.
Does Charter Prime offer phone customer support?
No, Charter Prime does not offer customer support over the telephone.
Does Charter Prime offer email customer support?
No, Charter Prime does not offer customer support through email.
What languages can Charter Prime communicate in?
Charter Prime has the ability to communicate and support customers who speak:
Does Charter Prime have a wikipedia page?
No, Charter Prime does not have an official wikipedia page.
Does Charter Prime offer demo accounts?
Yes, Charter Prime offers demo accounts so you can learn their systems before risking any real money.