CharterPrime Minimum Deposit

Charter Prime - Minimum Deposits

 

CharterPrime Minimum Deposit

 

The CharterPrime minimum deposit amount is $100.

The minimum deposit amount that CharterPrime requires is equivalent to ZAR 1,835.09 at the current exchange rate between the US Dollar and the South African Rand on the day that this article was written.

 

The minimum deposit amount depends on the type of account the trader opens, and can be broken down as follows:

  • Variable Account – $100
  • ECN Account – $100
  • Swap Free or Islamic Account – $100

 

CharterPrime is a broker which is authorized and regulated a strict and demanding regulating entity namely the FSP and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

CharterPrime’ minimum deposit when opening a live account is on average what most brokers require with the exception that a lot of brokers vary between their minimum deposit amounts depending on the account types offered.

CharterPrime does not charge any fees with regards to deposits which are made into the trader’s account.

Traders will need to make sure of fees that may be waived by their payment providers in case there are fees that are charged on transactions when depositing funds into the trader’s CharterPrime account.

 

CharterPrime offers clients the following ways in which funds can be deposited into the trading account:

  • Bitcoin
  • USDT
  • China UnionPay
  • Bank Wire Transfer
  • Skrill
  • Neteller
  • Local Gateway

 

CharterPrime supports a variety of deposit currencies, but base account currencies are USD, EUR, and AUD. Should traders deposit funds in any other currency, the funds will automatically be converted to the base currency of the account.

 

Step by step guide to deposit the minimum amount

 

As soon as the trader has registered for a live account with CharterPrime and the account has been verified and approved, the trader can follow these steps to deposit the minimum amount into the trading account:

  1. Return to the CharterPrime Client Login and sign in using the necessary credentials.
  2. Once signed in, the trader will be taken to the Client Portal where they will be able to access further instructions and an overview on how to make the minimum deposit into their trading account.

 

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

 

Pros and Cons

 

PROS CONS
1.      Low minimum deposit amount 1.      None noted
2.      No deposit fees
3.      Variety of payment methods supported
4.      Variety of deposit currencies

 

FAQ

 

What is the minimum deposit for CharterPrime?

$100.

 

How do I make a deposit and withdrawal with CharterPrime?

CharterPrime offers the following popular deposit and withdrawal methods:

  • Bitcoin
  • USDT
  • China UnionPay
  • Bank Wire Transfer
  • Skrill
  • Neteller
  • Local Gateway

 

CharterPrime prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does CharterPrime charge withdrawal fees?

Yes.

  • USDT – withdrawal fee of 5%.
  • Bank Wire Transfer – withdrawal fee of $40.
  • Skrill – withdrawal fee of 1%.
  • Neteller – withdrawal fee of 2%, maximum $30.

 

How long does it take to make a withdrawal?

  • Bitcoin – up to 3 days
  • USDT – up to 3 days
  • China UnionPay – up to 3 days
  • Bank Wire Transfer – 3 to 5 days
  • Skrill – 3 days
  • Neteller – 3 days
  • Local Gateway – 3 days

 

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