Min Deposit USD 100 Regulators FSP, ASIC Trading Platform MT4 Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Yes, Charterprime offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Charterprime practices forex trading in a 100% risk-free environment.
Charterprime Demo Account offers many features for traders. Charterprime’s demo account mimics a live trading account and traders have access to the same functions, features, and options that they normally would have on a live trading account.
Choose your quick section of our Charterprime Demo Account below.
Our Charterprime Demo Account Types Revealed:
Here is an overview of the Charterprime Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
To register for, and set up a demo account with Charterprime, traders must visit the website and follow the straightforward steps.
New accounts are applied online and processed according to established industry standards.
You can open a live account or demo account from start to finish on the Charterprime website and just choose to open a demo account. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
Charterprime accounts can be opened in USD.
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.
Follow these steps to open an account:
- Ensure that you have your email address and ID ready
- Select the country of residence and your currency, if applicable
- Choose that you want to try a demo account
- Provide basic personal information requested
- Proceed through the KYC process if needed and get approved
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what Charterprime has to offer.
Demo Account Features
Charterprime’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
Min Deposit USD 100 Regulators FSP, ASIC Trading Platform MT4 Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Islamic Account can be opened | No CFDs on stocks |
| Many years of experience | No cryptocurrencies |
| Sound regulation | Trading conditions poorly presented |
| STP execution | Unrealistic demo spreads |
| Trading on industry-proven software | |
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Frequently Asked Questions
For which traders are Charterprime recommended?
Charterprime is recommended for traders looking for a relatively low deposit on a ECN account ($100), average commissions and fees and who are familiar with trading on the MT4 platform. Feel free to test it with the Charterprime demo account.
Are their any risks involved with the Charterprime demo account?
The Charterprime demo account is risk-free.
How long is the Charterprime demo account valid?
The demo account can be used unlimited.
How do you make a deposit and withdraw money with Charterprime?
Charterprime offers the following deposit and withdrawal methods:
- BankWire
- China UnionPay
- Neteller
- Skrill
- Bitcoin
- ePayments
How long does it take to make a withdrawal?
Withdrawals by means of certain methods may be processed by Charterprime within a day but depending on bank services it may take several days for the money to be available.
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