Charterprime Review – What to expect from the broker

Charterprime is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on indices and commodities. Charterprime Limited is a company registered with the Financial Service Providers (FSP) [FSPR 348606] in New Zealand. The average spread is for EUR/USD 2.0 pips*, real trading is possible with a minimum deposit of $100. The Charterprime website is available in English, Chinese and Malay.

What do we cover in our Charterprime Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.Charterprime.com
  • Leverage: up to 1:500
  • Instruments: Forex, CFDs – Indices, commodities
  • Minimum deposit: $100
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Bitcoin and Tether, Wire Transfer, Skrill, Neteller

Charterprime Trading Platform

For FX and CFD trading, Charterprime offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to FX and CFDs on indices and commodities.

Charterprime Spreads

As any other CFD broker, Charterprime charges a spread fee. For the most current spread charges, please visit the Charterprime.com website. Here is a spread comparison table that contrasts Charterprime spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
Charterprime* 2.0 2.4 2.5 2.2
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Avarage spreads recorded on 19.10.2019 at 18:50 GMT for the variable account. Spread information was taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Charterprime.

Charterprime Pros
  • Low minimum deposit
  • High leverage
  • Accepts Bitcoin and Tether as funding methods
Charterprime Cons
  • Not regulated in the EU
  • No CFDs on shares
  • Does not accept credit and debit cards

To sum up the Charterprime Review

Charterprime offers to its traders’ high leverage, has a low minimum deposit and accepts 2 cryptocurrencies as funding methods. Unfortunately, the broker is not regulated in the EU and does not feature on its platform any CFDs on shares. Furthermore, the company does not accept credit and debit cards when financing your account. Fees (spreads) that the broker charges are not particularly tight in comparison to other popular brokers in the industry.

 

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Charterprime.



Michael

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