Charterprime , EightCap Broker Comparison

Do you want to know which is the better broker between Charterprime and EightCap ?

In the table below, you can compare the features of Charterprime , EightCap side by side to determine the best fit for your needs.

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
WikiFX rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
Charterprime
6.99
Regulated
Under guarantee
10-15 years
ASIC,FSPR
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Swap interest fee-free account,ECN account,Floating spread account
--
$100
1:500
--
0.00
floating
0.01 lot
--
EightCap
7.55
Regulated
Under guarantee
10-15 years
ASIC,FCA,VFSC,SCB
UnionPay,USDT,Wire transfer
AAA
AAA
253.8
47
109
47
1984
1609
1984
A

EURUSD: 0.1

XAUUSD: --

27
-1
27
AAA
9.37 USD/Lot
13.12 USD/Lot
AA

Long: -8.5

Short: 5.72

Long: -20.39

Short: 15.85

D
0.3
1589.3
Raw,Standard
--
$100
--
From 0.0
50.00
varied
0.01
--

Charterprime 、 EightCap BrokersRelevant information

Charterprime BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of charter, eightcap lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

charter

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.

account-type

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

Frequently Asked Questions

Is Charterprime regulated?

Charterprime is authorized and regulated by the ASIC in Asutralia under regulatory license number 421210.

Does Charterprime offer a demo account?

Yes, demo accounts are available with Charterprime.

What trading platform does CharterPrime provide?

CharterPrime makes the popular trading platform MT4 available.

What are CharterPrime's customer service hours?

The CharterPrime customer service team is available 24/5 from Monday to Friday.

Can I change my leverage with Charterprime?

Yes, leverage can be changed by contacting the Charterprime customer support team.

eightcap

Basic Information
Registered Country/Region Australia
Regulation ASIC, SCB
Founding Time 2009
Minimum Deposit US$100
Maximum Leverage 1:30
Minimum Spreads from 0.6 to 1.7 pips
Trading Platform MT4 & MT5
Trading Assets Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs
Payment Methods Bank Wire Transfer, Local Bank Credit/Debit Cards, NetellerSkrill, and more.
Customer Support 5 /24 Live Chat, Phone, Emails

General Information

Established in 2009, EightCap is an Australian financial services provider that connects traders around the world with a variety of financial markets, including foreign exchange (Forex), commodities, stock indexes, digital currencies, and shares. Concerning regulation, EightCap has four entities regulated in different jurisdictions:

  • EIGHTCAP PTY LTD, authorized and regulated by Australia Securities & Investment Commission (ASIC) in Australia, with regulatory license no. 391441

  • Eightcap Group Ltd, authorized and regulated by the Financial Conduct Authority (FCA), with regulatory license no. 921296

  • EightCap Global Ltd, authorized and regulated by the Vanuatu Financial Services Commission (VFSC) in Vanuatu, with regulatory license no. 40377

  • Eightcap Global Limited, authorized and regulated by the The Securities Commission of The Bahamas, with regulatory license no. SIA-F220.

Pros & Cons of Eightcap

EighCap is a broker that offers a solid technological foundation for trading, competitive fees, and excellent built-in research tools for its MT4 platform. Several options for withdrawing funds are available, and a large variety of instruments are on hand.

As for the drawbacks, there is a lack of high-quality, introductory learning resources, as well as a lack of constant, accessible support.

Pros Cons
Multiple Regulation Conservative leverage in some areas
Wide range of trading assets No 7/24 customer support
Low minimum deposit requirement
Competitive Trading Conditions
High leverage
MT4 & MT5 supported
Quality educational content

Market Instruments

All major and minor currency pairings, oil, gold, silver, shares, and cryptocurrency CFDs are just some of the thousands of financial instruments available to EightCap clients. The broker now offers CFDs on shares listed on the Australian Securities Exchange (ASX), the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), and the Frankfurt Stock Exchange (FSE).

Account Types

EighCap provides its customers with a straightforward option between two accounts: the Standard Account, where all trading conditions are included in the spread, and the Raw Account, where expert traders can take advantage of spreads as low as 0 pips and no fee.

In addition, traders can employ any method they like, including the employment of expert advisors and other methods, while making advantage of a wide range of lot sizes and a high maximum leverage. All account holders will have access to the same professional trading conditions and corporate support, regardless of the type of account they choose.

account-type

Demo Accounts Aavailable

If you are new to forex trading, EightCap provides a free demo trading account so you can get some practice in without any financial risk. The default duration of the EightCap Demo account is 30 days, although this time frame can be extended by calling customer service.

How to open an account with Eightcap?

1. Clicking the green “Create Account” button in the upper right of the screen is the first step toward registering for a real-money trading account with EightCap.

open-an-account

2. Second, you'll need to fill out a brief registration form with the necessary background facts. A separate password for each account is required.

create-an-account

3. To confirm their application, applicants are sent to their inboxes after submitting their General information on the screen shown below:

open-an-account

4. As part of the application process, the applicant will receive an email containing a “Verify Email Address” button.

open-an-account

5. Following this, the applicant will be led through a three-step process that will result in the creation of their EightCap Live Trading account

open-an-account

Leverage

Leverage is one of Forex's best advantages because it can multiply your profits in a short amount of time. But Eightcap also has unique leverage constraints according to the trading size you run, to help traders in limiting risks, which of course demands you to study carefully how to utilize leverage sensibly. Providing its customers with a leverage of 1:30, Eightcap opens up a wide range of business possibilities.

Spreads & Commissions

Depending on the type of account you open with EightCap, you can expect to pay anywhere from $100 USD / R 1600 ZAR in fees, 0.5 pips - 1.0 pips in spreads, and $3.5 USD in commissions. No transaction fees are applied to deposits or withdrawals made through EightCap.

Trading Platforms

Traders with Eightcap have access to both the older MetaTrader 4 platform and the newer, more feature-rich MT5 platform. Traders also have access to TradingView, a program that lets them use multiple screens simultaneously. Both desktop and mobile apps built on the custom-made platform may access and display live pricing data, account monitoring and access, and live chat and push notification features.

There are many different indicators and trading methods available on MT4, along with all the other tools and resources necessary for effective trading.

Deposit & Withdrawal

EightCap requires a minimum deposit of $100 to open either type of account. Instant deposits can be made using Visa/MasterCard, Skrill/POLi Payment/Neteller/China UnionPay/Bank Wire Transfers, and so on, giving you a wide range of options for moving from demo trading to live trading.Clients of Eightcap's USD accounts can now fund their wallets using Bitcoin and USDT. Your deposits and withdrawals will be processed in the same currency as your base of trading account, which can be any of the following: AUD, USD, GBP, EUR, NZD, CAD, or SGD, depending on your personal preference. Likewise, EightCap does not impose any transaction costs on your end for making deposits or withdrawals, but you should be aware that payments from banks outside of Australia may incur bank fees, which are your obligation to cover.

Customer Support

EightCap's Frequently Asked Questions (FAQ) section is there to help with the basics, but if you need more help, you may reach out to the company via the following methods:

Telephone:+61 3 8375 9700, +61 3 8373 4800

Email:customerservice@eightcap.com

Online Chat

customer-support

Educational Resources

On Eightcap's dedicated education page, you may read up on swing trading and technical analysis, for example. However, there is no formal course structure for this material. The site's education page is currently only available in the English language. In addition, Eightcap provides trading day data on its market analysis page. There are sections for market updates, Forex news, and CFD news on the page. This analysis is provided in both video and written form. The quality of the articles presented here is generally high.

Are the transaction costs and expenses of charter, eightcap lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive charter and eightcap are, we first considered common fees for standard accounts. On charter, the average spread for the EUR/USD currency pair is -- pips, while on eightcap the spread is From 0.0.

Which broker between charter, eightcap is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

charter is regulated by ASIC,FSPR. eightcap is regulated by ASIC,FCA,VFSC,SCB.

Which broker between charter, eightcap provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

charter provides trading platform including Swap interest fee-free account,ECN account,Floating spread account and trading variety including --. eightcap provides trading platform including Raw,Standard and trading variety including --.

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