AvaTrade
Charter Prime
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Charter Prime was established in 2012 and is based in Australia. AvaTrade holds licences including Central Bank of Ireland, while Charter Prime is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; Charter Prime has 10,000+. The minimum deposit is $250 at AvaTrade and $200 at Charter Prime.
| Feature | AvaTrade | Charter Prime |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
| Founded | 2006 | 2012 |
| Country | The British Virgin Islands | Australia |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Charter Prime, directly affecting your bottom line as a trader. Charter Prime has a lower barrier to entry with a minimum deposit of $200 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Charter Prime charges deposit fees; AvaTrade does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | AvaTrade | Charter Prime |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Charter Prime supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | Charter Prime |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Charter Prime compare. Charter Prime runs regular live webinars; AvaTrade does not. Both provide video tutorials. Charter Prime publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Charter Prime maintains an archive of past webinars for on-demand viewing. Charter Prime scores higher overall in education and research.
| Feature | AvaTrade | Charter Prime |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Charter Prime supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Charter Prime |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Charter Prime offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Charter Prime supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Charter Prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |