Charter Prime
Fortrade
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while Fortrade was established in 1992 and is based in UK. Charter Prime holds licences including Financial Conduct Authority (FCA), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Charter Prime serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $200 at Charter Prime and $1 at Fortrade.
| Feature | Charter Prime | Fortrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 |
| Founded | 2012 | 1992 |
| Country | Australia | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and Fortrade, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $200 at Charter Prime). Neither broker charges withdrawal fees. Charter Prime charges deposit fees; Fortrade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Charter Prime | Fortrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Charter Prime offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Charter Prime supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Charter Prime | Fortrade |
|---|---|---|
| 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, Binary, 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 Fortrade compare. Charter Prime runs regular live webinars; Fortrade does not. Charter Prime has a video library; Fortrade does not. Charter Prime publishes daily market commentary; Fortrade does not. Charter Prime integrates third-party research tools (Trading Central, Autochartist); Fortrade 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 | Fortrade |
|---|---|---|
| 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 Fortrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Charter Prime | Fortrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | Yes |
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 Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Charter Prime supports 2 languages and Fortrade supports 1, giving Charter Prime broader global reach. Both brokers are comparable on support quality.
| Feature | Charter Prime | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |