Charterprime Review 2026: Unverified Regulation, Blocklists, and High-Risk Signals

Charterprime (established in 2017) is a New Zealand-based entity operating with unverified regulatory credentials and an alarmingly low WikiFX score of 1.62. Multiple regional authorities, including Indonesia‘s BAPPEBTI and Malaysia’s SCM, have flagged the platform for unauthorized activities, making it a high-risk environment for traders.

Before you find a broker to handle your funds, scrutinizing their background is a non-negotiable step. In this specific review , we analyze the safety data, operational history, and regulatory standing of a firm that has recently triggered multiple red flags. Operating out of New Zealand since 2017, the company attempts to attract global clients. However, its current WikiFX score sits at just 1.62 out of 10, indicating severe institutional risks.

Regulation and Safety

The fundamental pillar of any Forex account is the safety of your capital. According to the latest data, Charterprime claims oversight from the Australian Securities & Investments Commission (ASIC, license number 421210). However, this regulation status is officially marked as “unverified,” meaning there is no confirmed legal protection for clients.

Adding to the danger, the broker has faced severe pushback in Southeast Asia. In 2022, Indonesia's commodity regulator (BAPPEBTI) blocked the firm's website as part of a massive crackdown on illegal commodity futures trading. Similarly, the Securities Commission Malaysia (SCM) placed Charterprime on its investor alert list in 2020 for conducting unauthorized capital market activities. The lack of a verified base regulation combined with these active blocklists creates immense counterparty risk.

Trading Conditions

For those still evaluating the platform, Charterprime demands a minimum deposit of $100. It offers three specific account structures: a Swap-free account, an ECN account starting with spreads from 0.0 pips, and a Variable Spread option. The maximum leverage offered is 1:500.

While high leverage can appeal to aggressive market participants, utilizing a 1:500 ratio with an unverified broker magnifies not just your market exposure, but your total financial risk. The firm allows Expert Advisors (EA) and scalping, with minimum trade sizes beginning at 0.01 lots.

Platform and Account Access

Due to the regional bans by authorities like BAPPEBTI, users in certain jurisdictions may find it difficult to load the official website. Whenever you enter your login details, ensuring you are on an authentic, uncompromised portal is essential.

The broker data does not specify whether it relies on MetaTrader 4, MetaTrader 5, or a proprietary environment. This missing technical detail means traders must be highly cautious before attempting any login or platform download, as off-market software from unregulated entities can easily manipulate pricing elements without accountability.

Trader Complaints and Support

While detailed text logs of individual exposure cases were not available in this data batch, WikiFX internal systems recorded 24 direct user complaints against Charterprime within a recent three-month window. This volume of grievances closely aligns with the formal warnings issued by government watchdogs.

If you do attempt communication, their customer service is available via direct phone lines for Hong Kong and Taiwan, alongside email and social media channels like X (formerly Twitter) and LinkedIn. However, responsive support cannot fix the core issue: if a broker lacks the licenses required to process funds legally, returning your money is usually not their priority.

Final Verdict: Should I open an account?

Based on the available evidence, opening an account with Charterprime carries extreme risk. The firm operates with unverified ASIC credentials and has been actively blacklisted by financial commissions in Indonesia and Malaysia. A WikiFX score of 1.62 and an established record of recent complaints further cement the platform's unreliable status.

While the 1:500 leverage and accessible $100 entry threshold might look appealing, the sheer absence of confirmed regulatory protection makes it fundamentally unsafe for your capital. Status changes daily. Before depositing, check the WikiFX App for the latest real-time certificate.