Charter Prime
Ducascopy Bank
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while Ducascopy Bank was established in 1998 and is based in Switzerland. Charter Prime holds licences including Financial Conduct Authority (FCA), while Ducascopy Bank is regulated by Financial Industry Regulatory Authority (FINRA) among others. Charter Prime serves 10,000+ clients worldwide; Ducascopy Bank has 10,000+. The minimum deposit is $200 at Charter Prime and $5000 at Ducascopy Bank.
| Feature | Charter Prime | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $200 | $5000 |
| Regulation | Financial Conduct Authority (FCA) | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) |
| Founded | 2012 | 1998 |
| Country | Australia | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and Ducascopy Bank, directly affecting your bottom line as a trader. Charter Prime has a lower barrier to entry with a minimum deposit of $200 (vs $5000 at Ducascopy Bank). Ducascopy Bank charges withdrawal fees while Charter Prime does not, giving Charter Prime an edge for frequent withdrawers. Charter Prime charges deposit fees; Ducascopy Bank does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | Charter Prime | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $200 | $5000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Charter Prime offers MT4, MT5, cTrader, while Ducascopy Bank supports 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. Charter Prime edges ahead on platform breadth and functionality in our scoring.
| Feature | Charter Prime | Ducascopy Bank |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Charter Prime and Ducascopy Bank compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Charter Prime scores higher overall in education and research.
| Feature | Charter Prime | Ducascopy Bank |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Charter Prime accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Ducascopy Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Charter Prime | Ducascopy Bank |
|---|---|---|
| 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 Charter Prime and Ducascopy Bank 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 | Charter Prime | Ducascopy Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |