Charter Prime
Xtrade
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Overview
Charter Prime was founded in 2012 and is headquartered in Australia, while Xtrade was established in 2003 and is based in Australia. Charter Prime holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Charter Prime serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $200 at Charter Prime and $1 at Xtrade.
| Feature | Charter Prime | Xtrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2003 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Charter Prime and Xtrade, directly affecting your bottom line as a trader. Xtrade 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; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Charter Prime | Xtrade |
|---|---|---|
| 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 Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Charter Prime supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Charter Prime | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Charter Prime and Xtrade compare. Charter Prime runs regular live webinars; Xtrade does not. Charter Prime has a video library; Xtrade does not. Charter Prime publishes daily market commentary; Xtrade does not. Charter Prime integrates third-party research tools (Trading Central, Autochartist); Xtrade 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 | Xtrade |
|---|---|---|
| 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 uniquely supports bank transfer and credit/debit card among the two brokers. Charter Prime scores higher on deposit and withdrawal flexibility.
| Feature | Charter Prime | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Charter Prime offers multilingual support. Both brokers are comparable on support quality.
| Feature | Charter Prime | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |