AxiTrader
Charter Prime
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while Charter Prime was established in 2012 and is based in Australia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. AxiTrader serves 10,000+ clients worldwide; Charter Prime has 10,000+. The minimum deposit is $0 at AxiTrader and $200 at Charter Prime.
| Feature | AxiTrader | Charter Prime |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) |
| Founded | 2007 | 2012 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and Charter Prime, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $200 at Charter Prime). AxiTrader charges withdrawal fees while Charter Prime does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; Charter Prime does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | Charter Prime |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
AxiTrader 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 | AxiTrader | 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, 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 AxiTrader and Charter Prime compare. Charter Prime runs regular live webinars; AxiTrader does not. Charter Prime has a video library; AxiTrader does not. Charter Prime publishes daily market commentary; AxiTrader does not. Charter Prime integrates third-party research tools (Trading Central, Autochartist); AxiTrader does not. Charter Prime maintains an archive of past webinars for on-demand viewing. Charter Prime scores higher overall in education and research.
| Feature | AxiTrader | Charter Prime |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AxiTrader accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while Charter Prime supports 2 (bank transfer, credit/debit card). AxiTrader uniquely supports Neteller among the two brokers. AxiTrader scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | Charter Prime |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 AxiTrader and Charter Prime offer live chat support. Both provide phone support. Email support is available at both brokers. AxiTrader supports 8 languages and Charter Prime supports 2, giving AxiTrader broader global reach. Both brokers are comparable on support quality.
| Feature | AxiTrader | Charter Prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, and Chinese |