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Do you want to know which is the better broker between Charterprime and Matsui ?
In the table below, you can compare the features of Charterprime , Matsui 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, matsui 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 |
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 |
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.
General Information & Regulation
Matsui Securities was established in 1918 and is a reputable securities company in Japan with 142 employees on staff. Matsui Securities currently holds a retail foreign exchange license from the Financial Services Agency of Japan (license number: 2010001057425).
Market Instruments
Matsui Securities offers investors financial products such as stock(spot trading), stock(margin trading), investment trusts, initial public offerings, stock lending services, PTS, bid sales, futures or options trading, foreign exchange, ETFs, real estate investment trusts, etc.
Minimum Deposit
There seems no minimum deposit related information displayed on Matsui Securities website. Moreover, Investors can open specific accounts, NISA accounts, margin trading accounts, futures & options trading accounts, and FX accounts at the same time when applying to open a Matsui Matsui Securities account.
Leverage
Still, trading leverage part is not fully disclosed on the Matsui Securities website. Investors may contact this stockbroker's support staff to obtain information.
Fees
For physical trading, the commission is determined by the total daily contract price of the exchange and PTS trading. If the total daily contract price is within a certain range, the fee is fixed regardless of the number of the trading volume. For example, if the total daily contract price is under 50 yen, 0 Yen, the total contract price under 1 million Yen with a fee of 1,000 Yen, the total contract price under 2 million Yen, with a fee of 2,000 yen, the total contract price over 100 million yen with a fee of 100,000 Yen.
Trading Platforms
Netstock High Speed is a trading tool with a high-performance ordering function that allows traders to select their favorite commodities from various types of information screens and establish the best trading environment for the investor's investment style. Stock Board is a tool that lists real-time stock price information for registered stocks, and traders can display the format according to their investment style. Matsui Matsui Securities Co. Stock App is a smartphone trading application that supports stock trading and allows investors to do everything from information gathering to trading. Stock Touch is a trading application developed for the smart collection that supports stock and futures/options trading and can greatly improve the convenience of trading. Investment Trust app is an app for smartphones with all the features of the Investment Trust service.
Deposit and withdrawal
Matsui Securities provides investors with four deposit & withdrawal options: Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit. Investors can make deposits in real-time by simply operating their computers. All of the above deposit methods are free of charge.
Pros & Cons of Matsui Securities
Pros | Cons |
FSA-regulated | Website only available in English and Japanese |
Diversified range of trading instruments | No online chat support |
Advanced trading tools | |
Four payment mathods provided | |
Multiple trading accounts available |
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 matsui are, we first considered common fees for standard accounts. On charter, the average spread for the EUR/USD currency pair is -- pips, while on matsui the spread is --.
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. matsui is regulated by FSA.
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 --. matsui provides trading platform including -- and trading variety including --.