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Risk Warning : Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.High Risk Trading Warning : 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Charterprime Review 2021

Updated: By
FX Empire sticks to a strict review standards.Learn how we make money and our review methodology.
Charterprime Main Features
☑️
Regulations
ASIC (Australia), FSP (New Zealand)
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Russian, Portuguese, Japanese, Chinese, Hungarian, Italian, Croatian, Lithuanian, Farsi, Swedish, Greek, Serbian, Malaysian, Korean, Romanian, Hebrew, Danish, Indonesian, Latvian, Slovak, Polish, Czech, Estonian
💰
Products
Currencies, Commodities, CFDs, Indices, Stocks
️💵
Min Deposit
$1000
💹
Max Leverage
1:500 (ASIC), 1:500 (FSP)
🖥
Trading Desk Type
STP
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Risk Warning : Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.High Risk Trading Warning : 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Charterprime Full Review

“Charterprime Pty Ltd is a multi-asset class broker offering to trade on a wide variety of instruments covering Forex, Commodities, Equities and Index CFDs on the MetaTrader 4 and MetaTrader 5 trading platforms, as well as cTrader for institutional clients.”

Charterprime Pty Ltd was founded in 2012 and is based in Sydney, Australia.

Charterprime Limited which operates www.charterprime.com is a company registered with the Financial Services Providers (FSP) in New Zealand but is not regulated by any financial regulator. Charterprime Pty Ltd, operating www.charterprime.com.au, is a company that is authorised by the Australian Securities and Investments Commission (ASIC) and is the basis of this review.

Charterprime Limited offers the ability to trade on a wide variety of asset classes covering Forex, Commodities, Equities and Index CFDs. The broker offers access to live trading accounts and demo trading accounts on the MetaTrader 4 and MetaTrader 5 trading platforms.

The broker also offers institutional trading solutions and access to the cTrader platform for institutional clients. Customer support is offered Monday to Friday 7am to 7pm Sydney time by telephone email and Skype.

Pros: Cons:
  • ASIC regulated.
  • Can trade on MetaTrader 4 and MetaTrader 5.
  • Institutional solutions available.
  • No market analysis or education tools.
  • Limited information on website.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections


Charterprime Video Review

Investor Protection & Regulations

“Charterprime Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC).”

Charterprime Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC), as shown below:

The company does segregate client funds from company funds, as shown below:

Tradable Products

“Charterprime Limited offers users the ability to trade on multiple asset classes covering Forex and CFDs on Forex, Commodities, Metals and Indices. Charterprime Pty Ltd also offers a variety of equities but users need to schedule a time to talk about what is available.

Charterprime Limited offers users the ability to trade on a wide range of financial instruments covering Forex pairs and CFDs on Indices, Commodities and Metals.

Below is a list of just some of the available markets for trading:

Forex Indices Commodities
AUDCAD US 2000  UKOUSD
EURCHF India 50  USOUSD
GBPNZD UK 100  Metals
USDJPY Euro Stoxx 50 XPTUSD
USDNOK German DAX XAUUSD
GBPSGD US Tech 100 XAGUSD

* Details regarding the available assets are taken from the Charterprime Limited website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened and are covered further down this review. 

Account Opening

“Charterprime Pty Ltd offers just one type of account but has limited details regarding it on the company’s website.”

The Charterprime Pty Ltd operated website does not give any details on the features of an account with only a ‘Register’ link going straight to an account application form, as shown below:

Accounts are not opened instantly and need to be verified with the team and other third party verification platforms. While no details are given for minimum deposits to open account it does mention their platform allows trading Margin FX from an opening balance of AUD 500 and AUD 1,000 for CFDs.

The broker does not accept clients from Afghanistan Algeria Angola Australia Bahrain Bangladesh Benin Bulgaria Burkina Faso Burundi Cambodia Cameroon Canary Islands Cape Verde Central African Republic Ceuta Chad Chile Columbia Comoros Congo Cote D’Ivorie (Ivory Coast) Cuba Cyprus Democratic Republic of the Congo(Zaire) Djibouti Dominican Republic Egypt Equatorial Guinea Eritrea Ethiopia French Southern and Antarctic Lands French Southern Territories Gabon Gambia Ghana Guinea Guinea-Bissau India Iran Iraq Israel Jamaica Japan Jordan Kazakhstan Kenya Kuwait Kyrgyzstan Lebanon Lesotho Liberia Libya Madagascar Madeira Malawi Mali Mauritania Mauritius Mayotte Melilla Moldova Morocco Mozambique Namibia Nepal New Zealand Niger Nigeria North Korea Oman Pakistan Palestine Qatar Reunion Réunion Island Russia Rwanda Saint Helena Sao Tome and Principe Saudi Arabia Senegal Sierra Leone Somalia South Africa Sri Lanka Sudan Swaziland Syria Tajikistan Tanzania Togo Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates USA Uzbekistan Yemen Zambia Zimbabwe.

Deposit & Withdrawals options

“Charterprime Pty Ltd allows users to fund accounts via Bank Transfer, Skrill and Neteller. Charterprime does not charge any deposit or withdrawal fees to clients whatsoever.”

Web & Desktop Trading Platforms

“Charterprime Pty Ltd offers users the ability to trade on the globally-recognised MetaTrader 4 and MetaTrader 5 and via a Multi Account Management platform, as well as other advanced platforms for institutional clients.”

Charterprime Pty Ltd MetaTrader 4

This platform offers advanced charting capabilities, customisation features and the use of Expert Advisors, as shown below:

Charterprime Pty Ltd MetaTrader 5

This platform offers users the ability to access 21 timeframes and open 100 charts at the same time, as well as view news and an economic calendar from the platform, as shown below:

Below is a screenshot of the MetaTrader 4 trading platform provided by Charterprime Limited which is covered in more detail in the video review.

Charterprime Pty Ltd does also offers other advanced trading platforms for its institutional clients, as shown below:

Mobile Trading Platforms

“Charterprime Pty Ltd offers users the ability to trade on the globally recognised MetaTrader 4 mobile trading app for Android and iOS users.”

These can be downloaded directly from the Apple App Store or Google Playstore.

Charterprime MetaTrader 4 mobile app

Users can trade on the go with some of the same timeframes and indicators on the desktop version, as well as access to an economic calendar and news. The MetaTrader mobile trading app for Charterprime Pty Ltd is covered in more detail in the video review.

Trading Features

“Charterprime Pty Ltd does not offer any additional trading features beyond the MetaTrader platform features.”

Commissions & Spreads

“Trading costs with Charterprime Limited vary depending on the account type opened and instrument traded, with some accounts commission-free and some commission-based.”

Trading costs with Charterprime Limited vary depending on the market being traded and the account type opened, as shown below:

The Variable Account offers commission-free trading. The ECN Account charges a commission of USD 8 per lot and the Swap-Free Account charges $40 per lot (every Wednesday).

The broker also provides typical spread and swap details for the Variable and ECN Account, as shown below:

Forex Trading

Metals Trading

Bonus & Promotions

“In accordance with the regulatory restrictions, the broker does not offer any bonuses or promotions.”

Customer Support

“Charterprime Pty Ltd offers 24-hour customer support and can be contacted via Skype Chat, Telephone, Email and through an Online Contact Form.’’

Charterprime Pty Ltd operates a telephone helpdesk Monday to Friday between 7 AM to 7 PM GMT+10. The broker further offers 24/7 support via Skype Chat and can also be contacted via Email and an Online Contact Form. The broker aims to assist customers with their queries within 24 hours.

Contact Information:

  • Address: Suite 408, 15 Lime Street, King Street Wharf, Sydney NSW 2000, Australia.
  • Email: support@charterprime.com.au..m.au
  • Phone: +61 2 90567412
  • 24 Hour Live Skype Support: charterprime.support

Research

“Charterprime Limited’s in-house analysts provide Daily Market Outlook video reports. The website further includes essential research tools such as an Economic Calendar & a Market News Feed’’

The broker has an active presence on Social Media platforms such as Facebook and YouTube where Daily Market Outlook video’s in English, Chinese and Vietnamese are shared.

The Charterprime website also features an Economic Calendar, offering traders insight into key market events at a glance and a Live Market News Feed.

Trader Education

“Charterprime Limited does not have a strong focus on education but does provide a comprehensive Frequently Asked Questions Section. A concise description of the products and trading software can be found in the relevant section.’’

The Charterprime website does not include dedicated educational materials. Key information about trading software & account opening can be found in the Frequently Asked Questions and on the relevant pages.

Trading Experience

“Charterprime Limited provides a simple trading offering to trade commission-free or commission-based on a variety of markets. Users can trade on the globally-recognised MetaTrader 4 trading platform for desktop and mobile.”

From our observations, Charterprime Limited provides a simple trading offering. Users can choose from three trading accounts called Variable, ECN and Swap Free. These all provide access to leverage of 1:500 and the Variable Account is commission-free.

Users can trade on the globally-recognised MetaTrader 4 trading platform for desktop and mobile, as well as access a variety of different market updates for trading research. However, the broker does provide limited educational materials. Charterprime Pty Ltd does provide access to more institutional-grade trading platforms and more markets but account details are vague on the website steering users to schedule a call with them.

FAQ

Is Charterprime Pty Ltd regulated?

Charterprime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC).

Where is Charterprime based?

Charterprime is based at Suite 408, 15 Lime Street, King Street Wharf, Sydney NSW 2000, Australia.

How does Charterprime make money?

According to the broker’s Product Disclosure form, they make money mainly through spread mark ups and commissions. However, fees need to be negotiated beforehand.

How do I deposit in Charterprime account?

Funds can be deposited into a trading account via bank transfer, Skrill and Neteller.

What is the min. deposit for Charterprime?

The minimum deposit seems to be AUD 1,000 for CFD Trading.

How do I withdraw money from Charterprime?

Withdrawals can be made electronically only.

What is the max leverage in Charterprime?

The maximum leverage offered by Charterprime Limited is 1:100.

How do I open an account with Charterprime?

An account can be opened by clicking the Register link on the broker’s website.

Does Charterprime use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“Charterprime Pty Ltd is a multi-asset class broker offering to trade on a wide variety of instruments covering Forex, Commodities, Equities and Index CFDs on the MetaTrader 4 and MetaTrader 5 trading platform, as well as cTrader for institutional clients.”

Charterprime Pty Ltd was founded in 2012 and is based in Sydney, Australia.

Charterprime Limited which operates www.charterprime.com is a company registered with the Financial Services Providers (FSP) in New Zealand but is not regulated by any financial regulator. Charterprime Pty Ltd, operating www.charterprime.com.au, is a company that is authorised by the Australian Securities and Investments Commission (ASIC) and is the basis of this review.

Charterprime Limited offers the ability to trade on a wide variety of asset classes covering Forex, Commodities, Equities and Index CFDs. The broker offers access to live trading accounts and demo trading accounts on the MetaTrader 4 and MetaTrader 5 trading platforms.

The broker also offers institutional trading solutions and access to the cTrader platform for institutional clients.  Customer support is offered Monday to Friday 7am to 7pm Sydney time by telephone email and Skype.

  • ASIC regulated.
  • Can trade on MetaTrader 4 and MetaTrader 5.
  • Institutional services available.
broker

Risk Warning : Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.High Risk Trading Warning : 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

See Charterprime Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Australia
Foundation Year
2012
Regulations
ASIC (Australia), FSP (New Zealand)
Publicly Traded
No
Number Of Employees
50-100
Trading Desk Type
STP
Trading platforms
MT4, MT5, cTrader
Restricted Countries
United States, Russian Federation, Turkey, Japan, Bulgaria, Burkina Faso, Burundi, Cameroon, Cape Verde, Chad, Colombia, Congo, Cote d'Ivoire, Cuba, Cyprus, Egypt, Equatorial Guinea, Eritrea, Gabon, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, Iraq, Kuwait, Kyrgyzstan, Guinea-Bissau, Malawi, Lesotho, Rwanda, Liberia, Morocco, Oman, Mali, Mauritania, Moldova, Namibia, Nepal, New Zealand, India, Niger, Nigeria, Qatar, Iran, Sao Tome and Principe, Togo, Sudan, Saudi Arabia, Yemen, Australia, Andorra, Tunisia, Tanzania, United Arab Emirates, Mayotte, French Polynesia, Swaziland, Mauritius, Bangladesh, Ukraine, Turkmenistan, Palestine, Uganda, Cambodia, Central African Republic, Chile, Comoros, Libya, Syria, Ethiopia, Pakistan, Gambia, Sierra Leone, Israel, Senegal, Uzbekistan, Tajikistan, Zambia, Lebanon, Madagascar, Mozambique, Somalia, South Africa, Sri Lanka, Afghanistan, Zimbabwe, Algeria, Bahrain, Benin
Supported Languages
English, Spanish, German, French, Arabic, Russian, Portuguese, Japanese, Chinese, Hungarian, Italian, Croatian, Lithuanian, Farsi, Swedish, Greek, Serbian, Malaysian, Korean, Romanian, Hebrew, Danish, Indonesian, Latvian, Slovak, Polish, Czech, Estonian
Min Deposit
$1000
Max Leverage
1:500 (ASIC), 1:500 (FSP)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller
Withdrawal Options
Wire Transfer, Skrill, Neteller
Fixed Spreads
No
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, Stocks
Mini Account
No
Premium Account
No
Demo Account
Yes
Islamic Account
No
Segregated Account
Yes
Managed Account
No
Institutional Account
Yes
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