Charter Prime
Robinhood
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while Robinhood was established in 2013 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Charter Prime serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $200 at Charter Prime and $0 at Robinhood.
| Feature | Charter Prime | Robinhood |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2012 | 2013 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $200 at Charter Prime). Neither broker charges withdrawal fees. Charter Prime charges deposit fees; Robinhood does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Charter Prime | Robinhood |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Charter Prime offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. 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 | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | Web 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 Robinhood 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 | Robinhood |
|---|---|---|
| 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 Robinhood supports 1 (bank transfer). Charter Prime uniquely supports credit/debit card among the two brokers. Charter Prime scores higher on deposit and withdrawal flexibility.
| Feature | Charter Prime | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Robinhood offer live chat support. Charter Prime offers phone support; Robinhood does not. Email support is available at both brokers. Charter Prime supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. Charter Prime scores higher overall on customer support in our assessment.
| Feature | Charter Prime | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |