Charterprime Review

Rana Adnan | September 22, 2020

Charterprime is an online trading broker that operates the STP execution model, providing traders with the sophisticated MT4 trading platform for trading over 50 financial markets across forex, commodities, precious metals, indices, and CFDs. There are multiple account options with a minimum required deposit of $100, spreads as low as 0.0 pips, and maximum leverage capped at 1:500.

Broker Pros / Cons
  • Intuitive MetaTrader 4 trading platforms
  • A range of useful trading & learning tools
  • Multiple account types & funding methods
  • No MetaTrader 5 or cTrader platforms
  • Limited trading instruments
  • Not the lowest commissions
  • No telephone number
  • No live chat support
  • No USA clients

Summary

Launched in 2012 and headquartered in Sydney, Australia, Charterprime is an award-winning, multi-asset brokerage firm that allows clients to trade multiple financial products online through a range of intuitive trading platforms. They provide clients with some trading and learning tools, as well as 24/7 client support. The broker offers favourable trading conditions, such as tailored liquidity solutions and rapid trade execution with no dealing desk intervention. Over the years, Charterprime has been honoured with several industry awards, including Best STP/ECN Broker 2018 and the Most Influential Forex Broker in Asia 2019, amongst others.

Charterprime Awards & Nominations

Charterprime Awards & Nominations

Regulation

Charterprime Limited is a company registered with the Financial Services Providers (FSPR 348606) in New Zealand.

Traders from different parts of the world can trade with Charterprime if their respective country of residence permits online trading with international brokers.

Platforms

Charterprime allows clients to trade on the highly advanced MetaTrader 4 trading platform. The MT4 trading platform is regarded as the industry standard for foreign exchange trading. It’s built with versatile functionality and strong analysis capabilities, featuring market charts and technical analysis indicators and tools. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with Android and iOS devices and can be freely downloaded from the respective app stores.

Charterprime Trading Platform

Charterprime Trading Platform

Tools

The broker provides traders with some useful trading tools to ensure they get a hitch-free trading process. These include an Economic Calendar, Market Insights, and more.

Education

Charterprime provides traders with a good selection of learning materials, such as news, videos, articles, and an FAQ section that offers quick answers to clients’ most common questions.

Markets

The broker offers the following trading products: forex, commodities, precious metals, indices, and contract for differences (CFDs).

Accounts

The following trading account options are available to Charterprime clients: Variable, ECN, and Swap-free accounts. They have a minimum required deposit of $100, spreads as low as 0.0 pips, and maximum leverage capped at 1:500.

Support

The broker’s clients support team is available 24/7 to respond to clients’ inquiries via email, feedback form, and social media.

Funding

Charterprime accepts the following payment methods for account deposits and withdrawals:

  • Bank wire transfer
  • Credit/Debit cards
  • Electronic payment processors, such as Neteller and Skrill
  • Cryptocurrency

Signup

To open an account, click on the ‘Live Account’ button at the top of the broker’s website, fill in the registration form properly, and upload the required KYC documents.

Charterprime Account Opening Page

Charterprime Account Opening Page

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Charterprime is an award-winning multi-asset trading broker that has been in operation in Australia since 2012. They provide traders with the MT4 trading platform for trading several financial markets online. Traders also benefit from a range of trading tools, educational resources, and a client support team.

Charterprime Logo

Min $100 Deposit

Launched in 2012 in Australia, Charterprime is an award-winning, multi-asset brokerage firm that allows clients to trade multiple financial products online via a range of intuitive trading platforms.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

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