GMI , Charterprime Broker Comparison

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

In the table below, you can compare the features of GMI , Charterprime 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
6.39
Regulated
Under guarantee
--
--
--
5-10 years
FCA,VFSC
--
AAA
AA
371.2
74
74
78
1984
1984
1921
AAA
--
24
-3
24
AA
14.29 USD/Lot
21.55 USD/Lot
AAA

Long: -6.51

Short: 4.62

Long: -0.14

Short: 0.13

AAA
0.3
136
Standard Bonus,Standard,Cent,ECN
--
$25
1:2000
--
0.00
--
--
--
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
--

GMI 、 Charterprime 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 gmi, charter, and undefined lower?

2.Are the transaction costs and expenses of gmi, charter 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

gmi

General Information & Regulation

GMI (Global Markets Index) was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide. GMI is authorized and regulated by the UK Financial Conduct Authority (license number:677530) and also regulated by the Vanuatu Financial Services Commission offshore.

Markets Instruments

GMI supports over 50 common financial instruments ranging from gold to forex, mainly over 40 major currency pairs, gold, silver, energy, indices, and cryptocurrencies.

Minimum Deposit

Four account options are listed on GMI (Global Markets Index) platform: standard, standard bonus, cent and ECN accounts. The minimum initial deposit for opening a standard account is only $25, sounds the good options for new traders to have a try.

image.png

Leverage

In terms of trading leverage, GMI (Global Markets Index), as a UK based broker established by the EMSA regulation offers the leverage of up to 1:30 for forex instruments, 1:20 for minor currency. Trader who open an accounts under its Vanuatu entity can enjoy the higher leverage of up to 1:200 or 1:300.

Spreads & Commissions

The minimum spread on the GMI Market is 0.56 pips for EURUSD, 0.62 pips for GBPUSD, 2.8 pips for USDJPY, and 2.8 pips for USDCHF. The spreads start at 0.6 pips for XAUUSD, 2.1 pips for XAUGBP, 2.4 pips for USOil, 2.1 pips for UKOil, and 0.71 pips for Natural Gas. The lowest spread on Wall Street is from 2.8 pips, the lowest spread on HIS HDK is from 22.3 pips, the lowest spread on Bitcoin USD is from 48 pips, and the lowest spread on Ether USD is from 3 pips.

Trading Platforms

GMI offers traders the flexibility to choose from the MT4 trading platform, as well as MT4 for Android, MT4 for iOS, and MT4 for PC/Mac. MT4 is a popular platform with powerful charting tools and technical analysis tools, as well as a user-friendly interface that is ideal for traders of all levels.

Deposit and Withdrawal

GMI welcomes various easy, secure and fast deposit and withdrawal methods, including bank transfers. All account types accept bank or electronic transfers, and GMI does not accept third-party withdrawals. Withdrawals under $1000 are processed immediately by GMI; withdrawals between $1000 - $19999 require manual review and are sent to the payment provider for verification within 24 hours. Withdrawals over $20,000 may take up to 4 business days.

Trading Hours

Global Market Index follows standard office hours and 24-hour trading hours Monday to Friday. With that said, trading sessions may vary by market.

Customer Support

GMI offers a range of customer support options, available 24/5 via online contact form, telephone at 400-606-3399, email at cs@gmimarkets.com, live chat engines accessible from the relevant logos on the contact us webpage.

charter

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 Minimum Deposit

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.

image.png

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).

Customer Support

ChartePrime Customer Support team can be contacted within working hours through Live Chat, email or contact form.

Are the transaction costs and expenses of gmi, charter, and undefined lower?

Are the transaction costs and expenses of gmi, charter 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 fully understand how much will gmi, charter, undefined cost, we first consider the common costs of standard accounts. At gmi, the average spread of EURUSD currency pairs is --, at charter, the spread is --, and at undefined, the spread is --.

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

Which broker between gmi, charter, and undefined is safer?

Which broker between gmi, charter 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.

gmi is regulated by FCA,VFSC. charter is regulated by ASIC,FSPR. undefined is regulated by undefined.

gmi is regulated by FCA,VFSC. charter is regulated by ASIC,FSPR.

Which broker between gmi, charter, and undefined provides better trading platform?

Which broker between gmi, charter 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.

gmi provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. charter provides trading platform including Swap interest fee-free account,ECN account,Floating spread account and trading variety including --. undefined provides trading platform including undefined and trading variety including --.

gmi provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. charter provides trading platform including Swap interest fee-free account,ECN account,Floating spread account and trading variety including --.

Looking for more references? The following are other comparisons related to gmi, charter, undefined:

Looking for more references? The following are other comparisons related to gmi, charter:

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