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Charterprime , JFX Broker Comparison
Do you want to know which is the better broker between Charterprime and JFX ?
In the table below, you can compare the features of Charterprime , JFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
2 brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions
(ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
- Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
2.03
Exceeded
No guarantee
5-10 years
FSPR,ASIC
Supported
Not supported
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--
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
Swap interest fee-free account,ECN account,Floating spread account
--
$100
1:500
--
--
floating
0.01 lot
--
Pin on the left
8.09
Regulated
No guarantee
--
15-20 years
FSA
Supported
Not supported
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--
--
--
--
--
--
--
--
--
--
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Score
Regulatory Status
Exceeded
Regulated
BrokerRelevant information
Charterprime BrokerRelevant 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, jfx 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.
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.
jfx
| Basic | Information |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Founding Time | 2007 |
| Minimum Deposit | No limitation |
| Maximum Leverage | 1:25 |
| Minimum Spreads | 0.4 pips for EURJPY |
| Trading Platform | MT4 |
| Trading Assets | Major currency pairs |
| Payment Methods | Quick Deposit, Bank Transfer, |
| Customer Support | Phone, Email |
General Information & Regulation
In 2005, Across FX Co., Ltd. was established and registered as a financial futures trader in November and joined the Financial Futures Association, and in August 2007, started dealing in “Zero FX” and in September 2007, registered as a financial instruments business operator, and moved its headquarters from Minato-ku, Shiba to Akasaka. In 2008, the name of the company was changed to JFX Co, Ltd. In 2010, JFX started to handle foreign exchange margin trading “MATRIX TRADER,” and in May of the same year, JFX started to provide an iPhone version of the application. 2011, the number of digits displayed in the JFX exchange rate was increased, and in November of the same year, the immediate withdrawal service was started. In 2014, JFX started processing binary options trades, and in July of the same year, the iPhone version of the application became available. JFX is currently regulated by the Financial Services Agency of Japan (Regulation No. 1010001123038).
Market Instruments
JFX offers investors access to the most popular currency pairs in the foreign exchange market, such as EURJPY, EURAUD, USDCAD, EURGBP, and more. Besides, information on other trading assets is not known at this time.
Minimum Deposit
JFX requires no minimum deposit for opening an account, therefore, traders can fund their account any amount to start trading.
Spreads & Commissions
The spreads are 0.4 pips for EURJPY, 1.5 pips for CADJPY, 1.6 pips for CHFJPY, 0.8 pips for EURGBP, 1.5 pips for USDCHF, 1.4 pips for EURAUD, 1.4 pips for GBP/AUD, and 1.8 pips for USDCAD.
Leverage
The maximum leverage available at JFX is up to 1:25 according to the Japanese Laws.
Trading Platforms
JFX offers traders the most popular MT4 trading platform on the market. MT4 trading platform is the gold standard in the forex trading industry with powerful charting tools, as well as a large number of technical indicators, support for automated trading, and EA's. Additionally, there is the MATRIX TRADER trading platform available for traders to use.
Deposit and Withdrawal
For traders to deposit and withdraw funds, JFX offers four different methods, namely Quick Deposit, Bank Transfer, Real-time Withdrawal, and Standard Withdrawal. Quick Deposit is an online deposit service for those clients who have an internet banking contract with a JFX affiliated financial institution. Bank Transfer means that investors can transfer funds directly from a bank counter, ATM, or internet banking to an account designated by JFX.
Customer Support
Clients with any inquries or trading-related issues, they can go to the FAQ section to look for some answers, and if they need staff service, they can get in touch with JFX through the following contact channels:
Telephone: 03-5541-6410
Email: kujyo@jfx.co.jp
Pros & Cons of JFX
| Pros | Cons |
| FSA-regulated | Limited variety of assets traded |
| Low trading fees | Conservative leverage |
| MT4 trading platform supported | |
| Narrow spreads | |
| No minimum deposit requirements | |
| Quick execution |
Are the transaction costs and expenses of charter, jfx 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 jfx are, we first considered common fees for standard accounts. On charter, the average spread for the EUR/USD currency pair is -- pips, while on jfx the spread is --.
Which broker between charter, jfx 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 FSPR,ASIC. jfx is regulated by FSA.
Which broker between charter, jfx 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 --. jfx provides trading platform including -- and trading variety including --.