Binary.com
Charter Prime
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Overview
Binary.com was founded in 2014 and is headquartered in United States, while Charter Prime was established in 2012 and is based in Australia. Binary.com holds licences including Unregulated, while Charter Prime is regulated by Financial Conduct Authority (FCA) among others. Binary.com serves 10,000+ clients worldwide; Charter Prime has 10,000+. The minimum deposit is $250 at Binary.com and $200 at Charter Prime.
| Feature | Binary.com | Charter Prime |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2014 | 2012 |
| Country | United States | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com 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 Binary.com). Binary.com charges withdrawal fees while Charter Prime does not, a notable advantage for frequent withdrawers. Binary.com applies inactivity fees on dormant accounts; Charter Prime does not. Binary.com charges deposit fees; Charter Prime does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | Binary.com | Charter Prime |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Binary.com 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 | Binary.com | 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,iOS,MacBook,iPhone | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary.com and Charter Prime compare. Charter Prime runs regular live webinars; Binary.com does not. Both provide video tutorials. Charter Prime publishes daily market commentary; Binary.com 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 | Binary.com | 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. Binary.com accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Charter Prime supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Binary.com | Charter Prime |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Binary.com and Charter Prime offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Binary.com | Charter Prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |