Charter Prime
fx next
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while fx next was established in 2018 and is based in Dubai. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Charter Prime serves 10,000+ clients worldwide; fx next has 10,000+. The minimum deposit is $200 at Charter Prime and $250 at fx next.
| Feature | Charter Prime | fx next |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F237 |
| Founded | 2012 | 2018 |
| Country | Australia | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and fx next, 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 fx next). fx next charges withdrawal fees while Charter Prime does not, giving Charter Prime an edge for frequent withdrawers. fx next applies inactivity fees on dormant accounts; Charter Prime does not. Charter Prime charges deposit fees; fx next does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | Charter Prime | fx next |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Charter Prime offers MT4, MT5, cTrader, while fx next supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Charter Prime supports social and copy trading features, which fx next does not offer. The two brokers are closely matched on platform offering.
| Feature | Charter Prime | fx next |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 fx next 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. The two brokers are evenly matched on educational content.
| Feature | Charter Prime | fx next |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
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 fx next supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx next uniquely supports PayPal and Skrill and Neteller among the two brokers. fx next scores higher on deposit and withdrawal flexibility.
| Feature | Charter Prime | fx next |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| 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 fx next offer live chat support. Both provide phone support. Email support is available at both brokers. Charter Prime supports 2 languages and fx next supports 8, giving fx next broader global reach. Both brokers are comparable on support quality.
| Feature | Charter Prime | fx next |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |