Charter Prime
Forex Financial Services
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while Forex Financial Services was established in 2008 and is based in Australia. Charter Prime holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Charter Prime serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $200 at Charter Prime and $2500 at Forex Financial Services.
| Feature | Charter Prime | Forex Financial Services |
|---|---|---|
| Min. Deposit | $200 | $2500 |
| Regulation | Financial Conduct Authority (FCA) | Australian Securities and investment Commission (ASIC) |
| Founded | 2012 | 2008 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and Forex Financial Services, directly affecting your bottom line as a trader. Charter Prime has a lower barrier to entry with a minimum deposit of $200 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Charter Prime charges deposit fees; Forex Financial Services does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | Charter Prime | Forex Financial Services |
|---|---|---|
| Min. Deposit | $200 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Charter Prime offers MT4, MT5, cTrader, while Forex Financial Services 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 | Charter Prime | Forex Financial Services |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Charter Prime and Forex Financial Services compare. Charter Prime runs regular live webinars; Forex Financial Services does not. Charter Prime has a video library; Forex Financial Services does not. Charter Prime publishes daily market commentary; Forex Financial Services does not. Charter Prime integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Charter Prime maintains an archive of past webinars for on-demand viewing. Charter Prime scores higher overall in education and research.
| Feature | Charter Prime | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Charter Prime | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services 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 | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |