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
CharterPrime Overview
CharterPrime is a global financial and foreign exchange brokerage group that believes in “making business personal”. CharterPrime prides itself on creating custom solutions by investing time, capital, and resources into solidifying business with longevity and value for all. The CharterPrime team is made up of Global experts with a diverse range of professional backgrounds and specialized skills.
CharterPrime Safety and Security
CharterPrime is regulated across several jurisdictions, registered with the Financial Services Providers (FSP), and authorized by the Australian Securities and Investments Commission (ASIC), which ensures a strict level of supervision, following strict compliance, anti-money laundering, and counter-terrorism financing rules.
Furthermore, CharterPrime client funds are kept in segregated accounts. Client information, accounts, and deposited funds are strictly handled by separating them into our segregated bank accounts. This means that the client funds are independently kept and separate from the funds of CharterPrime itself.
Last but not least, CharterPrime regularly conducts both internal and external audits in order to meet all regulatory and legal requirements. This includes company reviews, assessments, and several operational risk controls.
CharterPrime Sign-Up Bonus
CharterPrime does not, at this time (2025), make a Sign-Up or Welcome Bonus available to new applicants. Traders can sign-up for an account, email the company, or call the support team to keep up to date with future offers.
Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
One of the great features of Forex trading is, of course, the ability to leverage your positions, meaning a gain of greater exposure to the market with the possibility to make bigger gains.
Yet, you should always learn how to use leverage smartly, as with its success potential risks increasing as well.
CharterPrime as an Australian and New Zealand broker together with its obligations to local regulation still allows high leverage ratios up to 1:500 for Forex instruments, one of the highest in the industry.
Accounts
A Forex account is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
In the case of CharterPrime they offer the following:
- The CharterPrime Variable Account that offers clients a trading environment with zero commissions charged and a fluctuating market spread;
- The CharterPrime ECN Account offers traders sharp spreads, often much tighter than the variable account. The spread can reach as low as 0.0 for some instruments however the account is charged $8 per standard lot for all trades.
- The CharterPrime Swap-Free Account designed for those who do not wish to participate in interest charges. The spread is a little higher than the variable account type and the account will be charged $40 per lot as a carry fee on Wednesday.
Market Instruments
CharterPrime provides clients with secure and competitive instruments in the areas of foreign exchange, commodities and index futures trading.
The foreign exchange market is the world’s largest financial market, but also the most active and liquid market with over $5 trillion worth of currency volume processed each day.
For traders, it holds the benefits of:
- Trading 24 hours a day, without a break.
- High leverage, which increases the efficiency of the utilisation of funds.
- Ability to buy and sell without restriction.
- Deep institutional liquidity
CharterPrime offers CFD trading over certain commodities such as US Crude Oil which allows Clients to have immediate and leveraged access to these commodities with the added benefit of flexible contract sizing and discretionary order entries and exits.
Other benefits include:
- The limited risk with a well-planned stop-loss system.
- Low transaction fees.
- Two-way mechanism with no bull or bear market difference.
- Competitive Spreads.
CharterPrime offers precious metals Gold, Silver and Platinum with competitive spreads, often considered by investors during times of uncertainty in the currency market, with added benefits:
- 24-hour market that allows flexibility in trading hours.
- Leveraged and liquid access.
- Valued against the US Dollar.
CharterPrime offers a vast range of indices, with spreads exceptionally competitive, and the flexibility of the structure of the CFD allows Clients fast access to a range of financial markets through a single platform.
Spot commodities are traded in the spot market and use margin trading to increase the volume of funds. Benefits include:
- Ability to buy and sell without restriction.
- Two-way mechanism with no bull or bear market difference.
- No Maturity Date.
Traders trading on CharterPrime’s Australian website has access to two more asset classes namely cryptocurrencies and equities. The types of cryptocurrencies available are Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Monero, Ripple and Zcash.
Fees
Due to global presence brokerages may offer various account types with different fee structures, according to their country or place of residence.
CharterPrime’s Variable account has a basis of variable spread and the ECN Account raw spreads and commission charges of $8 per lot.
Since CharterPrime offers accounts with STP and ECN execution respectively, featured variable spread will be defined by the user account type as well.
A Swap-free account will define variable spread and also charges a commission of 40$ per lot charged every Wednesday.
Traders should also remember about the overnight fees as a cost, being an interest for holding positions open overnight and determined by each instrument.
Deposit and Withdrawal
CharterPrime supports several payment methods for fund transfers, including wire transfers, major credit cards, and e-payment systems such as Skrill and Neteller.
CharterPrime does not charge any fees for deposits or withdrawals, but traders might encounter processing fees charged by the payment processors.
It takes one business day for a withdrawal to be processed but it may take up to 72 hours before you will be able to see the withdrawn funds in your bank account. The minimum deposit for a Standard account based on spread only amounts to 100$.
Trading Platforms
A forex trading platform is in essence the software provided to carry out trades.
A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision about which platform to choose will always depend on what a client would like to trade.
CharterPrime’s MT4 trading platform depends upon versatile functionality and strong analytical capabilities. It allows for a wide range of execution parameters and features market charts, technical analysis indicators, and a wide range of visualized market analysis tools.
MetaTrader4 is widely regarded as the industry standard for foreign exchange trading and strategy automation and is compatible with Windows XP / Vista / 7,8 and 10. CharterPrime also offers a direct download option for MetaTrader 4 on Android and IOS.
This software allows you to manage your accounts from mobile devices with mobile connectivity so that you can view your trading history.
You can also monitor the market, monitor your positions and receive customized push notifications – the same suite of features from your desktop terminal while on the go.
How to open an account
The CharterPrime review is simple and easy.
Similar to a bank, if you want to register a forex trading account with CharterPrime for the first time, you will be required to go through a basic “know your customer” process, which will allow CharterPrime to make sure that your submitted personal details are correct.
CharterPrime will review your application as soon as you have filled in and uploaded all information and if it is complete, you will get your account and can start trading immediately.
Clients must provide essential identification information, like a copy of identification (passport or identity card), proof of residency (such as utility bills, bank or credit card bill), and upload it on the website.
CharterPrime reserves the right to request additional information and in some cases certified copies of the documents.
Documents submitted are required to be in English, or translated into English, signed and verified either by Attorney or Notary.
Basic Information needed to register includes a username, email address, password, personal address, career background and trading experience, and account information.
Once you have completed your information, you may apply for a demo account. To open a Corporate account, the following is needed:
- Certificate of Incorporation
- Article of Organization
- Shareholder/s List
- Director/s List
- Shareholder/s passport
- Shareholder/s Proof of Residence
- Bank Statement of Corporate as Proof of Address
Documents submitted are required to be in English, and if it is not, it is required to be translated into English, which should be signed and verified either by Attorney or Notary.
Customer Support
Potential traders need to make sure the broker company they chose will offer support and help whenever they may need it. That should help customers to easily find the exact answers to their questions and offer them the best user experience.
CharterPrime can be contacted via email, which they claim will be answered within 24 hours. Live chat on Skype and Facebook and a web contact form are also available.
CharterPrime offers its website in four different languages, English, Bahasa Melayu, traditional Chinese and simplified Chinese.
Education
Before starting to trade, potential clients of CharterPrime should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
If CharterPrime’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.
Apart from a basic glossary, FAQ, user and installation guides for the MT4 trading platform, there are no other educational resources provided by the broker.
Research
To be able to trade with confidence and success, potential traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal.
This will ensure that they don’t lose money unnecessarily and on the other hand to trade as profitable as possible.
Additional research tools offered by CharterPrime consist of market news updates and an economic calendar of featured events and data releases. The market news is taken directly from the Bloomberg news source.
Awards
Since being an awarded company instills extra confidence by traders, CharterPrime proudly can show several awards accumulated during its years in business, including:
- 2019 most influential forex broker in Asia
- 2018 best innovative financial service provider
- 2018 best investment education platform provider
- 2018 best STP/ECN broker
- 2018 most transparent forex broker
- 2018 best liquidity provider
Conclusion
CharterPrime can be summarily described as a company worth to be tried out by potential traders, knowing that it adheres to strong regulatory obligations provided by the New Zealand authority, as well as defined quite competitive trading conditions.
CharterPrime has a simple and powerful offering that is consistent with the important point for potential trading success.
These include powerful execution technology, industry-proven software, and a choice between accounts with some of the lowest spreads in the industry.
CharterPrime is worth considering whether you are a beginning trader, professional or a fund manager seeking a professional partner.
Disclaimer
CharterPrime warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by CharterPrime, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
CharterPrime warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence CharterPrime cannot guarantee a maximum loss.
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, According to research in South Africa.
You might also like: Charterprime Account Types Overview
You might also like: Charterprime Demo Account – Step by Step
You might also like: Charterprime Fees and Spreads
You might also like: Charterprime Islamic Account Overview
You might also like: Charterprime Minimum Deposit
You might also like: Charterprime Sign up Bonus
FREQUENTLY ASKED QUESTIONS
What is CharterPrime Overall Review Rating?
8/10
What is the minimum deposit to start trading on CharterPrime?
$100
Is CharterPrime safe and secure?
Yes, 100 %
Does CharterPrime offer a demo account?
Yes
Is CharterPrime legitimate?
Yes
Top 4 Brokers
