Charter Prime
Teletrade
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while Teletrade was established in 2008 and is based in Cyprus. Charter Prime holds licences including Financial Conduct Authority (FCA), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Charter Prime serves 10,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $200 at Charter Prime and $100 at Teletrade.
| Feature | Charter Prime | Teletrade |
|---|---|---|
| Min. Deposit | $200 | $100 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2012 | 2008 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and Teletrade, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs $200 at Charter Prime). Neither broker charges withdrawal fees. Charter Prime charges deposit fees; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Charter Prime | Teletrade |
|---|---|---|
| Min. Deposit | $200 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Charter Prime offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Charter Prime supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Charter Prime | Teletrade |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Charter Prime and Teletrade 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 | Teletrade |
|---|---|---|
| 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 Teletrade supports 2 (Skrill, Neteller). Charter Prime uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Charter Prime scores higher on deposit and withdrawal flexibility.
| Feature | Charter Prime | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | No | No |
| 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 Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Charter Prime supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Charter Prime | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |