Charter Prime review, 2021 Update

Charter Prime Guide – Read our In-Depth Charter Prime Review

This Charter Prime review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Charter Prime review does not apply to US users.

This Charter Prime review contains the latest information about Charter Prime.

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll get adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the right broker who will be transparent with you constantly.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program will generate hefty returns. Charter Prime is just one such platform that will take you and your investment into great heights. It is crucial to understand all about Charter Prime before you trust them with your money.

Our full Charter Prime Review covers all you will need to know about trading using Charter Prime. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investment goals.

There's absolutely no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.

Charter Prime is a broker which has forged its way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of Charter Prime. This review will help you to know whether Charter Prime is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your advantage.

Who are Charter Prime?

Charter Prime is a forex broker headquartered in Australia and provides a variety of tools for online trading. Since its establishment in 2012, Charter Prime has emerged as a leading player in the field of online broker. Charter Prime includes an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, stocks , commodities.

Over the past 9 years, Charter Prime has grown into one of the leading online brokers.

After launching in 2012, their customer base has become as large as 10,000+ clients.

Charter Prime is a favorite of many traders.. Our Charter Prime review found that they're an excellent choice for automated trading options. It is most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at Charter Prime.

Technology plays a significant role in Charter Prime. Charter Prime features trading on MetaTrader 4. Charter Prime is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.

If you feel that Charter Prime is not right for you then at the bottom of this Charter Prime review you wil find a lot of alternatives to Charter Prime.

Everything you should know about trading using Charter Prime

Charter Prime is a dynamic platform that provides various techniques of trading online. These instruments cover the monetary markets considerably. Most of the broker platforms provide fewer methods than Charter Prime

If you wish to exchange with Charter Prime, you'll require a minimum deposit of $200. This deposit is required if you would like to begin trading using Charter Prime. This 2021 Charter Prime review will direct you safely about trading with them.

Charter Prime is as flexible as any other broker platform. Charter Prime is ideal for traders that want a manageable selection of cheap services. The programs provided by Charter Prime are third-party, white-label offerings. All traders may pick from MetaTrader 4.

Together with everything, Charter Prime has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade has to be kept available. The brokers provide premium customer service that rewards clients with advantages.

Many unprofessional brokers attempt to pressurise users into bigger financing for premium services. Charter Prime, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further advantages will come along.

Charter Prime accounts are available all over the world and provides quality service everywhere they have clients. There are some select few countries where Charter Prime accounts are not available. Traders in the following countries cannot open or use a Charter Prime account:

Is Charter Prime Safe To Trade With?

Launched in 2006, Charter Prime has been operating for 9 years, they are headquarted in Australia.

Charter Prime is regulated by Financial Conduct Authority (FCA). These bodies have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This means that Charter Prime users don't need to be worried about their money as it's segregated and safely kept in banks that are established. SSL encryption secures every user's private information as well.

You can make use of a choice for Two Factor Authentications (2FA) with Charter Prime for heightened security. An SMS for the confirmation code will be sent to your phone. You will be required to input this code to log into your account.

Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more widespread in the example of Market Maker brokers who compete with users on the platform.

Pro's & Con's Of Trading With Charter Prime

Every online trading platform has a few ups and downs, and no Charter Prime review would be complete without showing both sides. This Charter Prime review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Charter Prime Review - Compare Brokers Similar To Charter Prime

Charter Prime Review - Regulation And Licencing In More Detail

Charter Prime is regulated by Financial Conduct Authority (FCA).

Charter Prime, as a company, has a powerful collection of rules for ensuring honest trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial details.

Charter Prime Review - Awards

At the time of writing this Charter Prime review, they had not received any awards.

Charter Prime Review - Minimum Deposit Required

The minimum deposit you need to get started on Charter Prime is $200. This is a decent amount for people just beginning. You can make more advanced deposits as you go along. But, make certain you know how to make the most of your money before investing in larger sums.

Charter Prime Review - Commission And Fees Explained

Charter Prime is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of clients they have.

But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this objective.

The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you're paying a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for more than a day.

Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.

Generally, Charter Prime doesn't charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly trade, for example weekly or daily trading.

But, non-trading fees charged by Charter Prime are comparatively competitive. As a result, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of resources.

This Charter Prime review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against Charter Prime

Charter Prime Review - Withdrawal Fees Explained

Withdrawal of money is possible at any time from the Charter Prime account. You can withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily need to have any cash on your account.

Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent to the card. Charter Prime will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to withdraw in.

Charter Prime Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with Charter Prime. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for a while. The period considered inactive is decided by the agent.

The inactivity fee differs from 1 agent to another and is not standardized. If a traders account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this commission under terms and conditions that they had consented while registering.

Charter Prime doesn't charge inactivity fees so you are free to use your account as needed

Even if no charges have been implied by Charter Prime, it is better that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to a lot of circumstances and should be revealed clearly by the agent beforehand.

Charter Prime Review - Deposit Fees Explained

When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this operation.

Charter Prime doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the Charter Prime trading platform is easy. You just need to complete a single-user profile survey to start depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit large amounts.

Charter Prime Review - Compare Broker Deposit Methods

What Can You trade With Charter Prime?

Note: Charter Prime provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can be different depending on the country of residence of the client.

Charter Prime has a wide variety of over 71 instruments available for you to trade with.

If trading forex pairs is of interest to you then Charter Prime offer over currency pairs.

Compare Charter Prime, Darwinex, Virtual Brokers & Wilsons Advisory And Stockbroking below.

Alternatives To Charter Prime

If, after reading this Charter Prime review, Charter Prime doesn't quite fulfill your requirements check out these Charter Prime alternatives.

Frequently Asked Questions about Charter Prime