The industry leader in internet brokerage, Charterprime provides a comprehensive selection of trading services, speculative portfolios, and institutional administrations. Their website is straightforward to navigate and contains information on a variety of well-known forms of financial support. Due to the fact that the firm is based in Australia, they provide customer care in a variety of languages.
You will be able to download Charterprime's trading platform once you have a live account with the company and have completed the registration process. CFDs on Forex, Commodities, Precious Metals, and Indexes are all available on this firm's MT4 platform. In addition, Charterprime provides trading services for a variety of other assets, including as foreign currency exchange (Forex), commodities, precious metals, and index contract for difference (CFDs). It is important to note that Charterprime does not enable trading cryptocurrencies at this time; however, there are other options that may be utilized instead.
Charterprime is the company you should go with if you are just starting out in the world of foreign exchange. Since its founding in 2012, this firm has grown to become one of the most successful and influential in the world. Forex, commodities, precious metals, and index CFDs are some of the services that company offers. You will have access to a wide range of international marketplaces once you become a member of Charterprime. In addition to this, you get access to their MetaTrader 4 platform, which enables simultaneous trading in many currencies of your choosing. Additionally, you will be able to trade using numerous exchanges and platforms, which indicates that they are appropriate for both novice investors and those who have more expertise in the financial markets.
In addition to providing a vast selection of tradable assets, Charterprime also provides services in the areas of asset management and institutional consultancy. People who need assistance managing their financial investments may consider using charterprime.com since it is simple to use and is a fantastic option for them. In the event that you are inexperienced, you have the option of beginning with a demo account before moving on to a real one. You are able to get MT4 from the website, where it is presented in a number of different languages.
The non-banking financing corporation known as Charterprime is a recognized organization that provides a wide range of financial trading services. Their website is user-friendly and presented in a number of different languages to choose from. You are able to utilize various platforms concurrently, and the choice you make will rely on your preferences. You have the opportunity to engage in Foreign Exchange (Forex), Commodities, Precious Metals, and Index Contracts for Difference (CFDs). Making money online is possible if you have access to the correct tools. You could go to the Charterprime website if you are interested in gaining further knowledge on international currency exchange.
The organization provides customers with the option of opening either a Variable Account or an ECN Account or a Swap Free Account. If you have a premium account, you will have the ability to select the sort of account that is tailored specifically to your needs. You may test out the functionality of the trading platform by signing up for an account and getting a demo account. After you have registered with the site and logged in, you will have access to a wide variety of asset classes as well as currencies. However, it is important to be aware that Charterprime does not provide trading services for cryptocurrencies. Even a demonstration system is not included with it.
Online brokerage firm Charterprime provides clients with access to a wide range of tradable assets. Forex, commodities, precious metals, and index CFDs are some of the services that company offers. Through the use of the website, you will also have access to indexes, shares, and options. In addition to providing a broad selection of products, Charterprime is a reliable business associate in the financial sector. Therefore, if you are seeking for a trustworthy broker, Charterprime is a good option for you to consider. In Australia, the corporation is subject to oversight by the ASIC, which issues the regulatory license with the number 421210. Its services are regulated by the Australian Securities and Investments Commission (ASIC), which has the regulatory license number 421210, and are administered by the ASIC in Australia, which also has this regulatory license number. Additionally, the FCA keeps an eye on them. Prior to making a choice about a broker, customers are urged to investigate the governing body of their home nation and carefully read any applicable fine print.
At CharterPrime, one of the things that we like the most is the straightforward and potent nature of the product, as well as the fact that it is centered on the most critical aspect of attainable trading success. These include efficient execution technology, tools that have been established in the business, and the ability to choose between several account types that have some of the lowest spreads available in the market.
Just what is this CharterPrime thing? CharterProme is a worldwide financial and Forex broker that was established in 2012. The company was developed with the strong notion of delivering individualized trading conditions and constructing a trading environment that is trustworthy. These endeavors are of interest to every type of investor; consequently, CharterPrime took it seriously and is a licensed broker registered as a financial company by the New Zealand authority and in Australia, where its headquarters are located; this was done because CharterPrime realized that these efforts would be of interest to investors.
The broker has offices all over the world and is always working to enhance its existing dominant position in the business sector. This is demonstrated not only by the high quality of the services they offer but also by the value-added products and services that they give.
The broker is thoroughly evaluated for its service and the proposal that it offers, so it is important to bear in mind any accolades that the industry has bestowed upon it. Because of this, over the course of the first year that CharterPrime was in business, the company was presented with a number of awards from the industry. These awards served as recognition for the exceptional quality of service and offering terms that CharterPrime provided, both of which contribute to the credibility of the broker.
In terms of the organization's legal standing, CharterPrime takes care of its enforcement in a number of different countries, while the primary license is secured by the New Zealand Financial Services Provider (FSP).
Despite this, the CharterPrime office can be found in Australia and possesses the one and only registration with the regulatory authority that is necessary for a brokerage to operate legally in Australia. As a globally recognized institution that supervises the foreign exchange market and the trading business, the Australian Securities and Investments Commission (abbreviated as 'ASIC') should, in the long run, be in charge of supervising all Australian brokers.
Registration in New Zealand imposes the required safety standards on its licensees, which results in the establishment of a large number of laws governing the manner in which the broker does business. To begin, regulation denotes that the broker in question has passed a stringent screening process before to being authorized, as well as that the organization in question takes appropriate precautions and is rigorously evaluated on each step it takes.
Due to the separation of accounts and participation in the protection of the consumer, there is consequently a certain degree of financial security guarantees available to you. When it comes to picking a broker who complies with all of the safety precautions and regulatory requirements, this is the most important aspect to look into.
It goes without saying that the fact that it is possible to manipulate your investments is one of the most important aspects of forex trading. This guarantees that you obtain greater exposure to the market, which increases the probability that you will make higher earnings. However, you should always understand how to utilize leverage intelligently, and you should also learn how to improve the high-risk potential for success.
It should come as no surprise that CharterPrime, in its capacity as a broker operating in both Australia and New Zealand, in addition to its responsibilities to the applicable local regulations, enables significant leverage.
Retail forex traders have access to leverage levels of up to 1:500 for key currency pairs and forex products.
However, as of late, important and respected authorities all over the world have restricted the use of leverage to much lower levels owing to the high degree of risk; hence, this is yet another fantastic opportunity for CharterPrime to assist you in supporting your plan.
In light of the fact that CharterPrime's trading opportunity provides flexibility to both trading methods and traders, the broker has devised three distinct account kinds that may be tailored to meet a variety of requirements.
A variable spread account, an ECN raw spreads account, a swap-free account, and an account with a commission price of $8 per lot are all available as a direct result of this circumstance.
The bid will be established by CharterPrime, and fund managers will be able to manage numerous trading accounts with the bid using a percentage allocation mechanism known as PAMM accounts or MAM accounts with block trade executions.
In order to create an account with CharterPrime, you will need to proceed through the procedures that are outlined below, beginning with logging in.
Make sure to provide your full name, email address, and phone number when you set up your personal information account.
Verify your identity by clicking on a link in an email that contains your login and password.
Continue with the upload of emails and the verification of your identification. in account of the restrictions imposed by regulations.
After your account has been validated, you will be able to make your initial deposit and begin trading.
Due to the fact that CharterPrime offers STP as well as ECN execution accounts, the variable spread that is provided will also be determined by the kind of account that is used.
You may view some samples of spreads below, but keep in mind that the
Variable account is charged based only on spread fees, but the ECN account may
be required to deal with raw spreads and may incur an additional commission cost
of up to eight dollars per lot.
It is also important to take note that the Swap-free account is the one that decides the variable spread and imposes a cost of $40 per lot, which must be paid on Wednesdays.
In order to have a better grasp of the terms and circumstances, it is recommended that the broker fees charged by CharterPrime be compared to those charged by a standard Blueberry Markets broker.
Always consider the overnight fee to be a cost, which is sometimes referred to as the Rollover rate. This is the interest that is charged for keeping positions open overnight, and it is calculated differently for each instrument, as can be seen in the example that was just presented. Unless, of course, you trade through a swap-free account as required by the specification, as is stated above.
Trading options are available through CFDs, Forex instruments, Currency Pairs, Commodities, Precious Metals, and Index CFDs, all of which are supplied by CharterPrime with low cost fees and unparalleled execution conditions. CharterPrime offers a wide range of trading opportunities. In addition, CharterPrime makes use of a Straight Through Processing (STP) technology, which links direct orders to the liquidity providers that the broker works with.
Because there is such a wide variety in the number of payment methods that are utilized to fund trading accounts, you should have no trouble finding an ideal option for transferring money.
The Community Hub,
Transfers through bank wire
Bitcoin or Tether is acceptable as payment.
If you are merely interested in opening a normal spread-based account, the minimum deposit amount that you must make is only $100.
You should always contact the firm to inquire about the costs in further detail because fees are always subject to change based on the bank or payment method that you use. In spite of this, CharterPrime does not levy any fees on deposits or withdrawals on its end for the vast majority of the available payment methods, which is undeniably a benefit for the more streamlined processing of payments.
However, there are some methods that, according to international rules, would incur an additional cost of some percentage. For example, using a Tether block-chain wallet would result in an additional fee of 5 percent for both deposits and withdrawals.
When I try to withdraw money through CharterPrimes, how long will the process take? The broker reports that making withdrawals is easy and would take between one and two business days.
The following phase of our analysis of CharterPrime focuses on the tools that you will employ in order to execute orders and analyse markets. CharterPrime provides its clients with a robust version of the industry-standard trading platform MetaTrader4, which has established its reliability and adaptability over the course of many years and thousands of daily trade executions.
The vast majority of investors across the world use MT4 as a result of its well-balanced conditions, which include an interface that is simple to use as well as the availability of more advanced tools.
MetaTrader4 is particularly well-known for its strong analytical tools, which are also available in a variety of versions that are ideal for use on personal computers (PCs), Mac computers (Macs), and mobile devices (mobile devices). In addition to its high-performance technical skills, you are also able to effectively implement automated trading methods with the assistance of well-known expert advisors (EAs) or robots that provide an excellent trading solution. This is possible.
There are no restrictions placed on the usage of EAs when trading at CharterPrime. You are free to choose previously programmed EAs from the market and fine-tune them to your liking, or, if you are an experienced trader, you may compose your own code using a variety of features that are at your disposal.
There is, in fact, a phenomenal mobile app available, which provides users with a variety of customizing options and charts from which to select. Over the phone, you have access to all of the fundamental aspects of trading, including the ability to analyze stocks, utilize research tools, place orders, manage positions, and manage your account management.
Assistance to Customers CharterPrime is going to provide a high-quality service with the intention of supplying merchants with responses that are both relevant and of a high standard. It is possible to get in touch with the team during working hours by Live Chat, email, or a contact form, and as a result, we are very pleased with the Customer Support overall.
When it comes to education, as we mentioned in the study that CharterPrime conducted, the broker would, in the end, supply more supporting resources than the Forex education supporter. This is something that we pointed out in the study. Therefore, if you are a true beginner, it is strongly recommended that you search for further training courses, videos, and webinars, all of which are essential for getting started.
You can only rely on the basic research resources that are built within the CharterPrime platform. These resources are available to you when you sign up for CharterPrime. Despite this, the Economic Calendar, Market Insights, and News are provided so that there is adequate information accessible for continuing trade.
It is clear from the broker that the cornerstones are highly attractive trading circumstances in addition to stringent regulatory criteria that were created by the New Zealand authorities.
At CharterPrime, one of the things that we value the most is a product that is not only straightforward but also strong, and that also corresponds to an essential aspect of possible financial gain. This consists of efficient execution technology, tools that have been proven in the business, and the ability to choose between several account types that have some of the lowest spreads available in the market.
If you are just getting started in the trading industry, whether as a trader, a consultant, or a fund manager seeking for a professional partner, it is highly recommended that you check into CharterPrime.
A rapidly expanding organization that focuses on the provision of international financial services, most notably the brokerage of financial goods and currency exchange.
In this CharterPrime Review, we are going to investigate the deal that this broker has arranged for its customers to take advantage of. In Australia, CharterPrime is subject to oversight from the ASIC. Since 2012, CharterPrime has been active on the global financial market. The minimum deposit required to use CharterPrime is 100 USD.
When it comes to trading CFDs, between 74 and 89 percent of individual investor accounts end up losing money. You need to ask yourself if you have the financial means to take the significant chance of losing your money.
Is CharterPrime a Fraudulent Company? A broker that is licensed and regulated by the ASIC is known as CharterPrime. Even though licensing lends brokers the much-needed legitimacy they lack, this does not always mean that every licensed broker is trustworthy. Read the evaluations left by other traders on our website, as well as visit some of the most prominent trading-related websites and discussion forums online. This will allow you to determine whether or not CharterPrime is a fraud.
What is the bare minimum required to make a deposit with CharterPrime? You are required to make a minimum deposit of one hundred United States dollars (USD) before you can begin trading with CharterPrime.
Which methods are available for making deposits and withdrawals at CharterPrime? Your CharterPrime account may be funded using bank transfers, Bitcoin, ePayments, local bank transfers, Neteller, Skrill, and UnionPay, among other payment methods.
Do you think it's a good idea for me to go with CharterPrime? We can't speak from our own experience with CharterPrime because we don't have any. The Australian Securities and Investments Commission (ASIC) regulates the broker, thus there is a good probability that it is not a fraud. Having said all of that, this does not indicate that CharterPrime is the superior choice because there are hundreds of other licensed brokers who provide trading conditions that are equivalent to or even superior to CharterPrime's.
Charterprome is a global financial and forex broker that was established in
2012 with the embraced philosophy to provide customized trading conditions and
make a trustworthy trading environment. Charterprome was named after the Greek
word for "charter," meaning "to provide," and "prome," meaning "broker." In
point of fact, these endeavors are beneficial for a wide range of investors;
consequently, chartprime took it seriously and is now a regulated broker by the
New Zealand authority as well as a registered financial supplier in Australia
due to the fact that its headquarters are located in Australia. The broker keeps
offices all over the world and is always working to strengthen its already
strong place among the market givers. This is demonstrated, in addition, by the
fact that the consistency of the service they provide also shows on the prices
that they provide.
Charterprime was established in 2012 and now has offices in both Sydney, which is located in Australia, and City, which is located in New Zealand. The executive team of Charterprime is comprised of industry experts hailing from all around the world, each of them have significant practical experience working in the sector. Because of the combined experience and expertise of its employees, charterprime has evolved into the successful broker that it is today. Trading in cfds, forex instruments, commodities, precious metals, and index cfds are all available via Charterprime, and all of these services come with prices that are reasonable and unmatched execution conditions. In addition, Charterprime makes use of the standard temperature system, which is the mechanism through which orders are connected to the liquidity partners with which the broker works.
Industry awards are something that you should think about since the broker is scrutinized very carefully for the service that they provide and the proposal that they provide. Therefore, during the course of its first year of business, charterprime was honored with a number of industry awards in recognition of the excellent service and terms it offered its clients; these accolades are frequently an addition to the broker's name.
In addition to this, Charterprime was the recipient of three major prizes in 2017 from the FX accumulation, which is a well-known conference and expo.
Registration in New Zealand also involves fulfilling required safety duties for the country's licensors; as a result, there are a variety of standards that govern how a broker should do business. First and foremost, regulation denotes that the broker in question was subjected to a stringent screening before to receiving its permission, and it also denotes that the company in question will implement safety measures that are subjected to the same stringent screening at each step it takes. Therefore, there is a certain level of assurances towards the safety of your cash, separation of the accounts, as well as involvement in the client protection. When it comes to choosing a broker, this is by far the most important factor to take into consideration, what with all of the safety precautions and legitimate status involved.
In light of the fact that CharterPrime provides, as part of its trading opportunity, expertise for both ways of trading and traders, the broker has defined three kinds of accounts that are suited to meet certain requirements. As a direct result of this, there is the option to trade with a variable spread account, an ecn raw spreads account, a swap-free account, and a commission price of $8 per ton. Fund managers also have the ability to manage several trading accounts with the bid specific by charterprime exploitation of the percentage allocation mechanism. These trading accounts are referred to as pamm accounts or mam accounts, and they may execute block trades.
You may establish an account with charterprime by following the instructions below to sign in and then following the processes that are given to you.
Create an account for your personal information, including your email
address, sign, and full name.
Verify your account by clicking on the link in the email and providing your username and arcanum in the confirmation.
Continue with the identification verification and the transfer of email accounts. In reference to the concept of regulating needs.
After the account has been validated, you will be able to begin trading and make the initial deposit necessary to do so.
Trading instruments based on Charterprime: The trading of cfds, forex instruments, currency pairs, commodities, precious metals, and index cfds are all available through the charterprime, and they all come with low-value fees and incomparable execution conditions. As a result, the charterprime provides traders with enormous opportunities for trading. The standard temperature system, which links directly orders to the liquidity partners that the broker works with, is used cooperatively by the broker.
As a result of the fact that charterprime provides accounts that differ in standard temperature and execution, the included variable spread are likewise indicated by the type of account that is being employed.
You may see some instances of spreads below, but keep in mind that the variable account's fees are based exclusively on spread charges, while the ecn account allows you to trade with raw spreads and adds a $8 commission per ton on top of that. Note that a swap-free account may have changeable spread and may also incur a fee of $40 per ton charged each workday. This information is important to keep in mind. It is also a good idea to compare the fees charged by brokers charterprime to those charged by blueberry markets, another popular broker, in order to have a better grasp of the circumstances.
A bonus of this kind is just a method of compensating traders for selecting a certain broker, given that once the account is established, the trader will be subject to the same fees as any other participant in the market.
Once the trader has demonstrated that he is an active trader, he will be eligible to get the bonus, which is just a reward for the trader's decision and will reimburse part of the trader's costs.
The European Securities and Markets Authority (ESMA) has imposed investor protection restrictions on the marketing, distribution, or sale of CFDs to retail consumers as of August 2018. These regulations have been in effect since August 2018.
These restrictions bar brokers from giving retail customers, either directly or indirectly, with a payment, whether monetary or excluded non-monetary benefit.
Despite the fact that CharterPrime is not subject to this jurisdiction, the constraints imposed by its own regulating body prevent it from providing its customers with any bonuses or special offers.
The platform is the name given to the forex trading software that is made available to the customers of a broker firm and is utilized by those customers in the execution of their transactions.
When referring to a platform, the term "multi-asset" refers to the fact that it enables customers to trade not only foreign exchange but also other asset classes, such as contracts for difference (CFDs) on stocks, stock indices, precious metals, and cryptocurrencies. A platform may also be multi-lingual.
What a customer wants to trade will play a significant role in determining which trading platform they should go with; thus, this factor will also be one of the factors they use to select a broker.
The MT4 trading platform that CharterPrime uses provides a wide variety of functionalities and powerful analytical tools.
Because it provides traders with competitive spreads and costs, research and training resources, powerful customisable charting, automated trading, trading signals, Expert Advisor plugins, and live newsfeeds, MT4 is the trading platform of choice for traders all over the world.
Trading is possible in a wide variety of languages, and multi-account manager accounts (commonly known as MAM accounts) are also on offer. Market charts, technical analysis indicators, and a broad variety of tools for visually analyzing market data are some of the elements that can be accessed through this platform, which also enables a wide range of execution parameters.
MetaTrader4, which is compatible with Windows XP, Vista, 7, 8, and 10, is widely recognized as the industry standard for foreign currency trading as well as automation of trading strategies.
Traders are able to manage their accounts and check trading history, watch the market, monitor their positions, and receive personalized push alerts from mobile devices thanks to CharterPrime's direct download option for MetaTrader 4 for Android and IOS.
The financial and foreign currency brokerage organization CharterPrime operates on a worldwide scale and adheres to the philosophy of "making business personal." CharterPrime takes great satisfaction in its ability to provide individualized solutions by devoting its time, money, and other resources to the establishment of enduring business relationships that provide value to all parties involved. The team at CharterPrime is comprised of industry professionals from all over the world that bring a wide variety of professional experiences and specific abilities to the table.
The fact that CharterPrime is regulated in multiple jurisdictions, registered with the Financial Services Providers (FSP), and authorized by the Australian Securities and Investments Commission (ASIC) guarantees a high level of supervision and ensures that the company adheres to stringent compliance, anti-money laundering, and counter-terrorism financing regulations.
In addition, CharterPrime ensures the privacy of its customers by keeping their money in separate accounts. By maintaining separate bank accounts for each client's information, accounts, and deposited monies, we ensure that our business is conducted in a secure manner. This ensures that the monies belonging to CharterPrime's customers are held in a secure location apart from those belonging to the company itself.
New applicants are not currently eligible for a Sign-Up or Welcome Bonus from CharterPrime. This policy is now in effect. Traders who are interested in staying abreast of upcoming deals can either sign up for an account with the firm, send an email to the company, or phone the support service.
Charterprime Pty Ltd is an Australian company that was established in 2012 and has its headquarters in Sydney.
The firm Charterprime Limited, which is the proprietor of the website www.charterprime.com, is registered in New Zealand as a Financial Services Provider (FSP), but it is not subject to the oversight of any other financial authority. This analysis is based on the firm Charterprime Pty Ltd, which runs the website www.charterprime.com.au. Charterprime Pty Ltd is a company that has been granted authorization by the Australian Securities and Investments Commission (ASIC).
Sites like Charterprime in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.
Investment Disclaimer: The financial markets - forex, stocks, cryptocurrencies, contracts for difference (CFDs), REITs, notes, bonds, derivatives like futures, forwards, options, and swaps - carry inherent risks. Online trading is not suited for everybody. A complete wipe-out of invested capital is a common occurrence, especially for short-term trades. Use of disposable income is highly recommended.