CharterPrime Review – Is CharterPrime Scam or a Proper Broker?

CharterPrime Review

CharterPrime is an international brokerage platform providing its services for more than 10 years to provide a customized trading environment for traders. In this CharterPrime review, I would discuss all the important features that a trader must know before registering with this broker.

CharterPrime is a broker that has won various awards for providing top-notch services, especially in the foreign exchange market. This St. Vincent and the Grenadines-based brokerage platform is built on price aggregation technology and aimed to provide competitive spreads.

Trading Instruments Offered by CharterPrime

CharterPrime provides enhanced trading opportunities by offering a wide range of trading instruments such as Forex, Commodities, Indices, and CFDs. The wide range of available assets enables traders to easily diversify their portfolios. All of these trading instruments can be traded at CharterPrime with low fees under highly suitable trading conditions. CharterPrime utilizes an STP system to connect all orders directly to liquidity partners.

Trading Platform of CharterPrime

The software that CharterPrime clients use for the execution of their trades is based on MetaTrader 4 concept. It is a powerful platform that guarantees efficient, fast, and smooth performance. It is capable enough to execute hundreds of trades in a second. This platform has been designed by traders which is why it is user-friendly as they knew exactly what are the needs and requirements of traders.

This platform is loaded with plenty of useful trading tools as well which make trading fun for traders by automating the whole process. Some of its trading tools include an economic calendar, price calculator, price alerts, news, and market insights. In addition, this broker has separate web, desktop, and mobile trading platforms.

Trading Accounts Offered by CharterPrime

To make room for flexibility in strategies, CharterPrime offers three types of trading accounts to its clients. These accounts are named Variable, ECN, and Swap Free accounts. A demo account is also available for traders who want to get familiarized with the tools and environment provided by CharterPrime.

Variable Account: In a variable account, no commission is charged but spreads vary on all trading instruments. The minimum deposit limit is 100 dollars only and the minimum trade size is 0.01 lots.

ECN Account: In this account type, 8 dollars commission is charged on every lot but spreads are very tight. The initial deposit limit stays the same at 100 dollars and the minimum trade size at 0.01 lots.

Swap-Free Account: In Swap Free account, 40 dollars weekly commission is charged. Leverage of 1:500 is also provided and the spreads and the lot size remain the same.

Stress On Education By CharterPrime

To support the beginner-level traders, CharterPrime provides supporting material in the form of courses, videos, webinars, and e-books. This material not only provides basic knowledge about important topics but also gives material to enhance the expertise. Critical information about key topics such as hedging, margin requirements, swaps, rollovers, and hedge stop out is provided to prepare the newbies for trading.

Customers Support Facility

Although the head office of the firm is located in St. Vincent and the Grenadines the company has set up a consultation office in Hong Kong that can be visited for consultation if a larger amount is to be invested in trading. The company’s expert representatives remain available 24/5 for inquiries and feedback through the official email address of the broker.

In addition to this, a contact form is available on the platform for the same purpose and the broker has a presence on the social media platforms as well such as Facebook, Twitter, and Instagram.

Concluding Remarks

The point which impressed me the most about CharterPrime is its combined simplicity and efficiency. It is a consistent broker which used technology to the fullest and provides its clients with a remarkable trading environment. I would like to recommend you to visit this platform at least once to see all of the above-mentioned features with your own eyes.

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