Do you want to know which is the better broker between Charterprime and JFD ?
In the table below, you can compare the features of Charterprime , JFD side by side to determine the best fit for your needs.
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, jfd 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:
|Registered Country/Region||Saint Vincent and the Grenadines|
|Minimum Spreads||From 0.0 pips|
|Trading Platform||MT4 trading platform|
|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.
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 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:
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$100), and Local Gateway (currently supported currencies are Thailand, Indonesia, the Philippines and Vietnam, deposit taking 1 day, withdrawal time taking 3 days, no deposit and withdrawal fees, and the minimum withdrawal amount is 100 US dollars).
Educational & Research Tools
There are no other educational resources provided by the broker apart from a baic glossary, FAQ, user and installation guiders fro the MT4 trading platform.
Additional research tools offered by CharterPrime consist of market news, updates and an economic calendar of featured events and data releases.
CharterPrime Customer Support team can be contacted within working hours through Live Chat, email or contact form.
Here are some contact details:
Telephone: +852 8175 6090
Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, Instagram and Linkedin.
Pros & Cons
|ASIC-regulated||Product portfolios are not that rich|
|Low minimum deposit requirement||No 7/24 customer support|
|MT4 trading platform|
|High leverage up to 1:500|
Frequently Asked Questions
Is Charterprime regulated？
Charterprime is authorized and regulated by the ASIC in Asutralia under regulatory license number 421210.
Does Charterprime offer a demo account？
Yes, demo accounts are available with Charterprime.
What trading platform does CharterPrime provide？
CharterPrime makes the popular trading platform MT4 available.
What are CharterPrime's customer service hours？
The CharterPrime customer service team is available 24/5 from Monday to Friday.
Can I change my leverage with Charterprime？
Yes, leverage can be changed by contacting the Charterprime customer support team.
|Regulation||CySEC, FCA, BDF, BaFin, VFSC|
|Minimum Deposit||500 US$|
|Minimum Spreads||0.4 pips on EUR/USD pair|
|Trading Platform||MT4 & MT5, WebTrader|
|Trading Assets||Foreign exchange, precious metals, stocks, indices, commodities, cryptocurrencies|
|Payment Methods||Bank transfer, Sofort bank transfer, Skrill, Safecharge, UnionPay|
|Customer Support||5 /24 Live Chat, Phone, Emails|
General Information & Regulation
JFD is a professional online Forex and CFD broker founded in 2011, headquartered in Limassol, Cyprus, with offices in Germany and Spain. The broker currently holds an STP license authorized by the Cyprus Securities and Exchange Commission (license number: 150/11), a retail forex license licensed by the German Federal Financial Authority (license number: 120056), and a retail forex license authorized by the Vanuatu Financial Services Commission (license number: 17933).
Pros & Cons of JFD
JFD is a forex broker that offers easy account opening, a variety of trading platforms, and access to regulated markets, all of which contribute to the broker's reputation as a reliable place to do business. Traders have access to training and a variety of funding options.
Negative aspects include the lack of round-the-clock service and the fact that, depending on local regulations, some places may offer more favorable terms than others.
|Heavily regulated||High minimum deposit|
|MT4 & MT5, WebTrader||No Swap-free accounts|
|Multiple trading assets to trade||Only one type of account|
|High Leverage for professional clients|
|Additional educational resources|
|Social trading allowed|
|Multiple Payment Methods|
JFDprovides investors with a wide variety of tradable financial instruments, mainly foreign exchange, precious metals, stocks, indices, commodities, cryptocurrencies, exchange-traded funds, etc.
JFD Brokers offers traders an account type with a minimum deposit of $500/£/€/CHF, which is higher than most brokers' requirements for this type account. Account features are listed below:
Account base currencies: USD, GBP, EUR, and CHF
Minimum deposit: 500 USD/GBP/EUR/CHF
Margin call level: 100%
Stop out level: 50%
Negative balance protection
Anonymity to LPs
Scalpers / EAs welcome
JFD is subject to the laws and regulations of each jurisdiction in which it operates. For this reason, JFD often employs a smaller leverage ratio. In addition, traders based in Europe can utilize a maximum leverage of 1:30 on Forex products, while traders based elsewhere who use JFD can ask for a leverage of up to 1:400. The leverage is 1:30 for major currency pairs, 1:20 for minor currency pairs, 1:20 for gold trading, 1:5 for silver trading, and 1:5 for stocks trading.
Spreads & Commissions
The minimum spread is 0.4 pips for EURUSD and 1.0 pips for GBPUSD. The commission for Forex and precious metals trading is 3 USD / 2.75 EUR / 2.5 GBP / 3 CHF (one side) / per lot for precious metals trading. Commission for index trading is USD/€/£/CHF 0.1 per CFD per side. Commission for stock trading: $0.02 per share / minimum ticket fee of $5 per side for US stocks and 0.05% of order volume / minimum ticket fee of $5 per side for French / German / Dutch / Spanish / UK stocks.
JFD Brokers offers traders the market-leading and highly acclaimed MT4 and MT5, as well as a Webtrader and Stock 3 trading platform. The trader adds over 500 instruments from 8 asset classes to the MT4 platform - including Forex, precious metals, indices (spot and futures) ETFs and ETNs, etc. In addition, traders can use MT4 to connect up to 20+ limited partners through a pure broker-only model, which is a fairer and more direct way to trade. Both versions support the desktop version. Both versions are available in desktop, web, and mobile versions.
All in all, these platforms provide the maximum in trading possibilities, with varying features that cater to different trading styles. Options for automating, engaging in technical trading, or utilizing social trading skills; platforms accessible via desktop, web, and mobile application versions.
Deposit & Withdrawal
JFD Brokers minimum deposit amount is 500$ regardless of the platform or a trading account you choose to trade. Funding or transferring money into your trading account is the first step toward real trading. Payment can be made via bank transfer, Sofort bank transfer (with a 1.8% deposit cost), or via several online payment methods such as Skrill (2.9% fee), Safecharge (1.95% fee), or UnionPay (no fee). As a result, it is essential to research all of the expenses associated with the various payment options before making a final decision.
You must use the same methods to withdraw the funds, but some of them may charge you a fee for doing so. As a result, a one percent fee will be assessed by both Skrill and Safecharge.
JFD Brokers provides 5/24 customer support, and clients with any inquiries and trading-related issues can get in touch with this broker through email, telephone, live chat. Or you can follow this broker on some social media platforms like Linkedin, Twitter, Facebook, Youtube, and Telegram.
When it comes to traders, JFD presented a quality service that doesn't discriminate based on client size or trading expertise. The market is analyzed regularly, and cutting-edge instructional tools and data are provided by an award-winning research team.
Despite the company's relative youth, it has already earned praise from respected media and satisfied customers for its rapid expansion and reliability.
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 jfd are, we first considered common fees for standard accounts. On charter, the average spread for the EUR/USD currency pair is -- pips, while on jfd the spread is from 0 pip.
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. jfd is regulated by CYSEC,BaFin,BDF,FCA,VFSC.
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 --. jfd provides trading platform including MT4 and trading variety including Foreign exchange, precious metals, stocks, indices, bonds, commodities.