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Do you want to know which is the better broker between Charterprime and Super Forex ?
In the table below, you can compare the features of Charterprime , Super Forex side by side to determine the best fit for your needs.
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EURUSD:0.2
EURUSD:3
EURUSD:14
XAUUSD:21
EURUSD: -11.58 ~ 4.63
XAUUSD: -13.5 ~ -3.75
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, super-forex 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.
Registered in | Belize |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 5-10 years |
Trading instruments | Cryptocurrencies, precious metals, stock, oil, forex pairs, indices |
Minimum Initial Deposit | $1 |
Maximum Leverage | 1:3000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4 |
Deposit and withdrawal method | Bank Wire Transfers, Credit/Debit Cards, E-Payments, Cryptocurrencies, Local Payments and superforex money |
Customer Service | Email, phone number, WhatsApp, WeChat, telegramInstagram, YouTube, Facebook, twitter, LinkedInFAQ, Callback |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of trading products and account types to choose from
High leverage of up to 1:3000
No additional fees on transactions with your account
Extensive educational resources available, including videos and seminars
Multiple channels of customer support, including social media platforms and callback option
Fast processing time for deposits
Cons:
Limited regulatory oversight and licensing
Limited information on the company's history and ownership
Some account types have high minimum deposits, such as the Profi STP and ECN accounts
The spreads on some trading products can be higher compared to other brokers
Withdrawals may take longer to process compared to deposits
Limited options for trading platforms, only offering the MT4 platform.
Advantages | Disadvantages |
Super Forex offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, Super Forex has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
Super Forex is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Super Forex acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Super Forex has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Super Forex or any other MM broker.
SuperForex is a global forex broker established in 2013 with a mission to provide its clients with top-quality financial services and a wide range of trading instruments. The company is headquartered in Belize. With its client-centric approach, SuperForex offers various account types, flexible trading conditions, a range of trading platforms, a variety of payment options, and a comprehensive set of educational resources to cater to the needs of both novice and experienced traders.
In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
Super Forex offers a wide range of trading instruments, including cryptocurrencies, precious metals, stocks, oil, forex pairs, and indices. The availability of multiple asset classes provides traders with diversification opportunities, access to global markets, and the potential for high returns. With access to popular asset classes such as forex pairs and indices, traders can also benefit from high liquidity, which means they can quickly enter and exit positions at the desired price. However, trading multiple asset classes can be complex, may require extensive knowledge and expertise, and may come with higher margin requirements, increasing trading costs. Additionally, as the research and analysis on each asset class may not be as detailed or comprehensive as traders would prefer, traders should conduct their own research and analysis to make informed trading decisions.
Advantages | Disadvantages |
Competitive spreads | Unregulated broker |
Detailed fee table | Potential hidden fees |
Zero commissions | High leverage up to 1:3000 |
No deposit or withdrawal fees | Lack of negative balance protection |
Super Forex offers competitive spreads and provides a detailed fee table that outlines spreads, commissions, SWAPs and lot sizes for various accounts and products. The absence of commissions and deposit/withdrawal fees makes trading cost-effective. However, as an unregulated broker, Super Forex carries a risk of potential hidden fees. Also, the high leverage of up to 1:3000 can be both beneficial and risky, as it can magnify profits and losses. Moreover, the lack of negative balance protection is a disadvantage that can expose traders to significant losses.
STP accounts:
Account type | Standard | Swap-Free | No Spread | Micro Cent | Profi STP | Crypto |
Minimum deposit | 5 USD | 5 USD | 50 USD | 1 USD | 500 USD | 50 USD |
Maximum leverag | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:3000 | 1:10 |
Swaps | Yes | No | No | Yes | No | No |
Spreads | Fixed | Fixed | 0 | Fixed | from 0.01 pips | Fixed |
ECN accounts:
Account type | ECN Standard | ECN Standard-Mini | ECN Swap-Free | ECN Swap-Free Mini | ECN Crypto |
Minimum deposit | 100 USD | 5 USD | 100 USD | 5 USD | 50 USD |
Maximum leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:10 |
Swaps | Yes | Yes | No | No | No |
Spreads | Floating | Floating | Floating | Floating | Floating |
Super Forex offers a variety of account types, ranging from Standard and Micro Cent accounts to more specialized accounts like No Spread and Crypto. The broker also offers ECN accounts with floating spreads for traders looking for a more transparent pricing model. Each account type has its own minimum deposit requirement and maximum leverage, giving traders the flexibility to choose an account that best fits their needs. Additionally, the Swap-Free account option is available for those who require it, and the Profi STP account is specifically designed for professional traders. However, it should be noted that some account types have limited leverage and some have higher spreads compared to others.
Advantages | Disadvantages |
User-friendly and intuitive interface | Outdated and not as advanced as newer platforms |
Flexible and customizable | Limited charting tools compared to other platforms |
Large community support with abundant resources | No two-factor authentication for added security |
Ability to use expert advisors (EAs) | Limited access to market data and news |
Multiple language support | Limited integration with third-party plugins and tools |
Super Forex offers its clients the popular MetaTrader 4 (MT4) platform for trading, which has been in use for over a decade and is known for its user-friendly interface and flexible customization options. With MT4, traders have access to advanced charting tools, automated trading through expert advisors (EAs), and a large community of support with abundant resources. However, MT4 has limitations in terms of access to market data and news compared to newer platforms, and it does not offer two-factor authentication for added security. Additionally, while the platform is flexible and customizable, it does have limitations in terms of charting tools compared to other platforms.
Advantages | Disadvantages |
Potential for higher profits with smaller initial investments | Increased risk of substantial losses |
Increased market exposure and flexibility in trading strategies | High leverage can lead to rapid depletion of funds in case of unfavorable market movements |
Can provide access to larger positions and more trades | Requires a higher level of experience and risk management skills |
Can amplify both profits and losses | Limited availability in certain jurisdictions due to regulatory restrictions |
Super Forex offers a very high maximum leverage of up to 1:3000, which can be advantageous for experienced traders looking to amplify their profits and gain greater market exposure with smaller initial investments. However, high leverage also carries a significant amount of risk, as it can lead to substantial losses in a short period of time. This requires traders to possess advanced risk management skills and strategies to mitigate the risks. Additionally, high leverage is not available in all jurisdictions due to regulatory restrictions.
Advantages | Disadvantages |
Multiple deposit and withdrawal options | No information on fees charged by payment systems or banks |
No additional fees charged by SuperForex on transactions | Processing time for withdrawals may take up to 4 business days |
Instant processing time for deposits | Lack of information on withdrawal limits |
Availability of local payment options | Limited cryptocurrency options compared to some competitors |
SuperForex offers a variety of deposit and withdrawal options to cater to clients' different preferences. One advantage is that the company does not charge any additional fees on transactions with your account. However, there is no information available on the fees charged by payment systems or banks, which may lead to unexpected charges for clients. Processing time for withdrawals may also take up to four business days, which may be longer than some competitors. On the other hand, deposits are processed instantly. SuperForex also offers local payment options, which can be convenient for clients in certain regions. However, the cryptocurrency options are limited compared to some competitors. It would be helpful for SuperForex to provide more information on withdrawal limits to assist clients in planning their transactions.
Advantages | Disadvantages |
Comprehensive educational resources available | Limited personal guidance |
Variety of resources such as lections, glossary, seminars, and videos | No formal certification |
Official YouTube channel available for additional resources | Self-directed learning may not suit all learners |
Free of charge for Super Forex clients | No interactive learning tools |
Accessible to clients worldwide | Some resources may be more basic than others |
Super Forex offers a variety of educational resources for its clients. The company provides comprehensive lections, a glossary, seminars, training centers, educational videos, and other resources to help traders learn more about forex trading. Additionally, Super Forex has an official YouTube channel where clients can access even more videos to supplement their learning. These resources are available free of charge to Super Forex clients, and they are accessible to traders worldwide. However, there are some disadvantages to Super Forex's educational resources. While they are comprehensive, they do not offer personalized guidance, and there is no formal certification process. Additionally, the resources are self-directed, which may not be suitable for all learners, and some of the materials may be more basic than others.
You may also visit their official YouTube channel to watch more videos. Here is a recent video about technical analysis.
Advantages | Disadvantages |
24/5 customer support available via various channels | No 24/7 customer support |
Several social media channels for customer support and engagement | No live chat available on website |
FAQ section available on the website for quick self-help | No phone support for some countries |
Callback feature available for personalized assistance | No physical office or location available for in-person assistance |
Super Forex offers a variety of customer care options for their clients. The company provides 24/5 customer support through various channels, including email, phone, WhatsApp, WeChat, Telegram, and social media platforms such as Instagram, YouTube, Facebook, Twitter, and LinkedIn. The FAQ section on their website is another helpful resource for clients who prefer self-help. Additionally, the callback feature is available for personalized assistance. However, Super Forex does not offer 24/7 customer support and live chat is not available on their website. Furthermore, phone support may not be available for some countries and there is no physical office or location available for in-person assistance.
In conclusion, Super Forex is a reputable and reliable forex broker that offers a wide range of trading instruments and account types to its clients. Its multiple deposit and withdrawal options, as well as its educational resources and customer support channels, make it an attractive option for traders of all levels of experience. The company also stands out with its high leverage of up to 1:3000, which can potentially lead to significant profits. However, traders must be aware of the risks involved in high leverage trading and exercise caution when trading with such high ratios. Overall, Super Forex provides a solid trading environment for traders looking to participate in the forex market.
Question: What is Super Forex?
Answer: Super Forex is a global forex broker that provides online currency trading services for both retail and institutional clients worldwide.
Question: Is Super Forex regulated?
Answer: No, Super Forex is not regulated.
Question: What trading platforms does Super Forex offer?
Answer: Super Forex offers the popular MetaTrader 4 (MT4) trading platform, which is available for both desktop and mobile devices.
Question: What is the minimum deposit required to open an account with Super Forex?
Answer: The minimum deposit required to open a Standard account with Super Forex is 5 USD.
Question: What types of accounts does Super Forex offer?
Answer: Super Forex offers various types of accounts, including Standard, Swap-Free, No Spread, Micro Cent, Profi STP, Crypto, ECN Standard, ECN Standard-Mini, ECN Swap-Free, ECN Swap-Free Mini, and ECN Crypto accounts.
Question: What is the maximum leverage offered by Super Forex?
Answer: Super Forex offers a maximum leverage of up to 1:3000.
Question: What educational resources are available on the Super Forex website?
Answer: Super Forex provides a variety of educational resources, including comprehensive lessons, a glossary, seminars, training centers, and educational videos, which are all designed to help traders improve their knowledge and skills in the forex market.
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 super-forex are, we first considered common fees for standard accounts. On charter, the average spread for the EUR/USD currency pair is -- pips, while on super-forex 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. super-forex 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 --. super-forex provides trading platform including Profi STP,Crypto,Standard,Swap Free,Micro Cent,No Spread and trading variety including USD, EUR, GBP, ZAR.