Charterprime Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-05-10 15:24

Abstract：Charter Forex is an old Australian forex broker founded in 2012. The company adopts the STP processing system as its business model. Charter is also committed to establishing friendly and stable cooperative relations with many important liquidity providers in the market and has installed advanced integration technology on the MT4 platform, which can combine different market depths and provide customers with the most real-time Quotation, the most competitive low spreads and the best liquidity. Currently has a full license from the Australasian Securities and Investment Commission (ASIC).

Registered Country/Region	Saint Vincent and the Grenadines
Regulation	ASIC
Minimum Deposit	$100
Maximum Leverage	1:500
Minimum Spreads	From 0.0 pips
Trading Platform	MT4 trading platform
Demo Account	Yes
Trading Assets	Forex, Precious Metals, Indices CFDs, and Spot C ommodities.
Payment Methods	Bitcoin, USDT, Wire Transfer, Skrill, Neteller, Local Gateway
Customer Support	Phone & Email Support

　　General Information & Regulation

　　Charterprime is a global financial and foreign exchange brokerage group established in 2012, headquartered in Sydney, Australia. The company adopts the STP processing system as its business model and is authorized and regulated by the ASIC in Australia, with regulatory license number 421210.

　　Markets Instruments

　　Financial instruments can be traded online with Charterprime include forex, precious metals, indices CFDs, and spot commodities.

　　Charterprime Account Types

　　Three account types are offered by Charterprime: the Variable account, the ECN account and the Swap-free account. The minimum initial deposit for three account is $100, the reasonable amount for most regular traders to get started.

　　Charterprime Leverage

　　CharterPrime as an Australia and New Zealand broker together with its obligations to local regulation still allows high leverage. The maximum trading leverage available by this broker is up to 1:500 for forex instruments and major currency pairs available for retail traders.

　　Spreads & Commissions

　　The average spread of the EURUSD for the Floating Spread Account is 2.0, the average spread of the EURGBP 1.9, and the average spread of the AUDUSD is 2.2. The average spread of ECN accounts for the EURUSD is 0.5, the average spread for the EURGBP 0.8, and the average spread for the AUDUSD is 0.7. The average spread of Gold Price in US dollar for Floating Spread Accounts is 3.8, and the average spread for Silver Price in US dollar is 3.4. The average spread of Gold Price in US dollar for ECN accounts is 1.5, and the spread for Silver Price in US dollar is 3.6. See the following swap chart:

Swap
Product	Long	Short
AUDCAD	-0.99	-1.47
AUDCHF	0.83	-3.01
AUDJPY	-0.73	-1.93
AUDNZD	-2.93	-0.21
AUDUSD	-1.34	-1.11
EURUSD	-4.56	0.43

　　Trading Platform

　　The MT4 trading platform used by Charter has powerful trading functions and analytical capabilities. Apart from Multiple order execution, it enables traders to conduct complete and flexible tradings. At the same time, it also integrates market charts, technical analysis, and order transactions. Three functions are integrated, allowing users to quickly determine trends and determine the best entry and exit time. Besides, the company also provides a multi-account management model, which refers to a practical and convenient way to manage accounts on behalf of clients and manage multiple accounts simultaneously from a single interface. It can quickly execute a large number of customer orders as long as the management account clicks a button, and a large number of transactions can be automatically allocated to their respective customer accounts.

　　Virtual Private Server (VPS)

　　VPS, also known as Virtual Private Server, is a stand-alone server that runs 24 hours per day. Traders can log into a VPS with a computer or mobile device, without any pullback issues caused by network failure or any other factor that can affect their trading progress. A VPS is suitable for and mainly used by traders who employ automated strategies which require uninterrupted access to the market 24 hours a day.

　　Deposit & Withdrawal

　　Deposit and withdrawal methods support Bitcoin (deposit time taking 1 day, and the withdrawal time taking 3 days, and the minimum withdrawal amount is 100 US dollars), USDT (the stable value currency U.S. dollar (USD) token Tether USD launched by the Ether company, USDTfor short, 1USDT equals 1 U.S. dollar, deposit taking 1 day, withdrawal taking 3 days, deposit and withdrawal fees are both 5%), UnionPay (no charge for deposit and withdrawal, deposit time taking 1 day, withdrawal taking 3 days , the minimum amount of gold withdrawal is US$100), wire transfer (the deposit and withdrawal taking 3-5 days, the withdrawal fee is 40 US dollars, and the minimum amount of withdrawal is 100 US dollars), Skrill (deposit taking 1 day, the withdrawal taking 3 Day, no deposit fee, withdrawal fee is 1%, the minimum amount for withdrawal is 100 USD), Neteller (Deposit time taking 1 day, withdrawal taking 3 days, no deposit fee, withdrawal fee is 2%, the maximum is 30 USD , The minimum withdrawal amount is US$100), and Local Gateway (currently supported currencies are Thailand, Indonesia, the Philippines and Vietnam, deposit taking 1 day, withdrawal time taking 3 days, no deposit and withdrawal fees, and the minimum withdrawal amount is 100 US dollars).

　　 Educational & Research Tools

　　There are no other educational resources provided by the broker apart from a baic glossary, FAQ, user and installation guiders fro the MT4 trading platform.

　　Additional research tools offered by CharterPrime consist of market news, updates and an economic calendar of featured events and data releases.

　　Customer Support

　　CharterPrime Customer Support team can be contacted within working hours through Live Chat, email or contact form.

　　Here are some contact details:

　　Telephone: +852 8175 6090

　　Email: enquiry@charterprime.com

　　Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, Instagram and Linkedin.

　　Pros & Cons

Pros	Cons
ASIC-regulated	Product portfolios are not that rich
Low minimum deposit requirement	No 7/24 customer support
MT4 trading platform
VPS provided
High leverage up to 1:500