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Do you want to know which is the better broker between Charterprime and E-Global ?
In the table below, you can compare the features of Charterprime , E-Global side by side to determine the best fit for your needs.
--
--
EURUSD:-0.7
EURUSD:-69.8
EURUSD:20.27
XAUUSD:28.45
EURUSD: -5.99 ~ 1.05
XAUUSD: -423.22 ~ 141.7
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, e-global 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.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
E-Global Review Summary in 10 Points | |
Founded | 2016 |
Registered Country/Region | Luxembourg |
Regulation | FSC (suspicious clone) |
Market Instruments | N/A |
Demo Account | N/A |
Leverage | N/A |
EUR/USD Spread | N/A |
Trading Platforms | N/A |
Minimum deposit | N/A |
Customer Support | Phone, email |
E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.
However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.
Pros | Cons |
• Availability of copy trading and mobile trading | • Suspicious clone FSC license |
• Concerns regarding regulatory status and scam reports | |
• Limited info on the website |
There are many alternative brokers to E-Global depending on the specific needs and preferences of the trader. Some popular options include:
Forex Club - offers a comprehensive range of trading instruments and educational resources, making it a suitable choice for both beginner and experienced traders.
JFD - provides a transparent and customer-centric trading experience, with access to a wide range of markets and advanced trading platforms.
TeleTrade - offers a user-friendly trading environment with competitive spreads and a variety of account types, making it a good option for traders of all levels.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the information provided, E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.
E-Global presents itself as a platform that offers real estate and investments on global markets. However, no more specific information is offered.
Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.
Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.
E-Global provides customer service through phone: +352 26 374 964 and email: info@eglobal-group.com, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.
Pros | Cons |
• Phone & email support | • No 24/7 customer support |
• No live chat support | |
• No social media support | |
• Unclear support hours |
Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.
On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.
Q 1: | Is E-Global regulated? |
A 1: | No. E-Global British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) license is a suspicious clone. |
Q 2: | Is E-Global a good broker for beginners? |
A 2: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of lack of transparency. |
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 e-global are, we first considered common fees for standard accounts. On charter, the average spread for the EUR/USD currency pair is -- pips, while on e-global 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 FSPR,ASIC. e-global is regulated by FSC.
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 --. e-global provides trading platform including -- and trading variety including --.