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.
Charterprime Review, 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
In this detailed Charterprime review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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 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.
Some Charterprime features and products mentioned within this Charterprime review may not be available to traders from certain countries because of legal restrictions.
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 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.
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.
The broker offers the following trading products: forex, commodities, precious metals, indices, and contract for differences (CFDs).
Charterprime Accounts & Fees
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.
As broker fees can vary and change, there may be additional fees that are not listed in this Charterprime review. It is imperative to ensure that you check and understand all of the latest information before you open a Charterprime broker account for online trading.
The broker’s clients support team is available 24/7 to respond to clients’ inquiries via email, feedback form, and social media.
Charterprime Deposit & Withdrawal
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
Charterprime Account Opening
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.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
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.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.