Charter Prime
iq option
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while iq option was established in 2019 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Charter Prime serves 10,000+ clients worldwide; iq option has 14,000,000+. The minimum deposit is $200 at Charter Prime and $250 at iq option.
| Feature | Charter Prime | iq option |
|---|---|---|
| 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-F262 |
| Founded | 2012 | 2019 |
| Country | Australia | United States |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and iq option, 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 iq option). iq option charges withdrawal fees while Charter Prime does not, giving Charter Prime an edge for frequent withdrawers. Charter Prime charges deposit fees; iq option does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | Charter Prime | iq option |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Charter Prime offers MT4, MT5, cTrader, while iq option supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Charter Prime supports social and copy trading features, which iq option does not offer. The two brokers are closely matched on platform offering.
| Feature | Charter Prime | iq option |
|---|---|---|
| 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 iq option compare. Charter Prime runs regular live webinars; iq option does not. Charter Prime has a video library; iq option does not. Charter Prime publishes daily market commentary; iq option does not. Charter Prime integrates third-party research tools (Trading Central, Autochartist); iq option 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 | iq option |
|---|---|---|
| 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 iq option supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). iq option uniquely supports PayPal and Skrill and Neteller among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | Charter Prime | iq option |
|---|---|---|
| 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 iq option offer live chat support. Both provide phone support. Email support is available at both brokers. Charter Prime supports 2 languages and iq option supports 8, giving iq option broader global reach. Both brokers are comparable on support quality.
| Feature | Charter Prime | iq option |
|---|---|---|
| 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 |