Charterprime

Charterprime is a forex and CFD broker registered in New Zealand, with an official domain at charterprime.com. The company was founded on September 7, 2017, and its registered address is Level 27, Pwc Tower, 188 Quay Street, Auckland 1010. It presents itself as a broker serving retail traders through multiple account types and leverage options.

The broker claims to be regulated by the Australian Securities and Investments Commission (ASIC), though the status of that licence is not clearly indicated in public records. ASIC is a reputable regulator for forex brokers, but the absence of a confirmed active licence status is a point that traders should verify independently.

Charterprime offers three distinct account types, all with a minimum deposit of $100 and a maximum leverage of 1:500. These include a swap interest fee-free account, an ECN account, and a floating spread account. The swap-free account is designed for traders who cannot receive or pay swap interest due to religious or other reasons, while the ECN account typically provides direct market access with variable spreads. The floating spread account is a standard option for most retail traders.

The availability of high leverage up to 1:500 is common among offshore brokers but may carry significant risk, especially for inexperienced traders. The broker does not publicly list the instruments it offers, so the range of tradable assets is unclear.

As per our records, Charterprime lists ASIC as its regulator, but the licence status is not indicated. In FXCanary's assessment, the lack of a confirmed active regulatory status is a concern. ASIC-regulated brokers are typically required to adhere to strict client money handling and reporting standards, but without confirmation, traders should approach with caution.

The broker's registered address in New Zealand suggests it operates under New Zealand company law, but it does not appear to hold a New Zealand financial service provider licence. The risk score of 44/100 ('Guarded') reflects these uncertainties.

Charterprime maintains a presence on major social media platforms including Facebook, Instagram, LinkedIn, and Twitter/X. This indicates a degree of marketing engagement, but social media alone is not a reliable indicator of legitimacy. The company description in our files refers to a different entity named 'Charter Forex', which may cause confusion; it is unclear if this is an error or reflects a rebranding.

The broker appears to target retail traders looking for leveraged forex and CFD trading with low minimum deposits and flexible account options. The account types cater to both standard traders and those requiring swap-free conditions. However, the lack of transparency on instruments and regulatory status makes it more suitable for experienced traders who can conduct their own due diligence.

For cautious traders, the guarded risk score and limited public information suggest that a thorough background check is essential before committing funds.