1. What is CornerTrader?
  2. Is CornerTrader Safe or a Scam?
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platform
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about CornerTrader.

What is CornerTrader?

Cornet Trader is a CFD and Forex trading broker offering a wide range of asset classes such as FX options, stocks, bonds, ETFs, mutual funds, and more.

The company is a division of Corner Bank Group. Founded in 1952, Cornèr Bank Ltd is an independent Swiss private bank in Switzerland.

With the launch of CornerTrader in 2012, the bank has extended its solutions and services into the growing online trading market.

CornerTrader Pros and Cons

CornerTrader is a regulated brokerage company with transparent and safe trading conditions established in Switzerland. Spreads and fees are among the average, and there is an easy account opening process suitable for professional traders or regular traders too, we also mark good technical solutions, range of offered instruments and reliable conditions.

For the Cons, there is no MetaTrader trading platform offered since Broker mainstays on its own technology, also there is  no 24/7 customer support.

AdvantagesDisadvantages
Regulated broker with safe trading conditionsNo MetaTrader trading platform
Competitive trading costs and spreadsNo 24/7 customer support
Quality customer supportThe minimum deposit is high
Range of trading instruments

CornerTrader Review Official Website

CornerTrader Review Summary in 10 Points
🏢 HeadquartersSwitzerland
🗺️ RegulationFINMA
🖥 PlatformsCornerTrader Platform
📉 InstrumentsForex, FX Options, CFDs, ETFs, Stocks, CFD Options, Futures, Cryptos, and more
💰 EUR/USD Spread0.2 pips
🎮 Demo AccountAvailable
💳 Minimum deposit$2,000
💰 Base currenciesUSD, EUR, GBP
📚 EducationProvided with insights and tutorials
☎ Customer Support24/5

Overall CornerTrader Ranking

CornerTrader is considered a reliable broker with favorable trading conditions and great transparency being highly reputable Broker in Switzerland. The broker offers a range of trading services with competitive spreads and fees.

  • CornerTrader Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingCornerTraderCore SpreadsTickmill
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesTrading InstrumentsSpreadsTrading Platforms

CornerTrader Alternative Brokers

CornerTrader offers good trading conditions, a range of trading instruments, also competitive trading spreads and fees. However, there are a number of other brokers that may offer similar services. Here are some of the best alternatives to CornerTrader:

Awards

CornerTrader is an award-winning broker with competitive trading conditions. The broker has also garnered collective recognition from industry leaders many times.

Is CornerTrader Safe or Scam?

No, CornerTrader is not a scam. It is a part of Cornèr Bank which is regulated by one of the sharpest regulators in Switzerland, FINMA. This means that it fully complies with operations according to the requirements and necessary measures.

In fact, to operate as a brokerage firm in Switzerland will be required a banking license, which is quite hard to get due to very high requirements and numerous rules that apply to a general model of operation up to ruling directors.

Is CornerTrader Legit?

Yes, CornerTrader is a legit and regulated broker.

CornerTrader and Corner Bank is the member of the Esisuisse depositor protection scheme, which ensures that clients’ deposits at Swiss banks are protected.

See our conclusion on CornerTrader Reliability:

  • Our Ranked CornerTrader Trust Score is 8.5 out of 10 for good reputation and service over the years, also for a reliable license.
CornerTrader Strong PointsCornerTrader Weak Points
Regulated broker with a strong establishmentNone
All deposits guaranteed up to CHF100,000
FINMA license and overseeing

How Are You Protected?

In accordance with the scheme, Esisuisse members ensure the transfer of required amounts of up to CHF 6 billion, in the case of the company insolvency the client receives fund protection of up to CHF 100,000.

CornerTrader Review License

Leverage

FINMA and various regulatory standards restrict allowed levels of leverage in order to protect clients. So in most world countries leverage is highly restricted, however, according to FINMA, Swiss-based Brokers are still can use high leverage ratio up to 1:200, yet be sure to verify this for a particular instrument. Thus, the maximum CornerTrader leverage level is the following:

  • 1:200 for Forex instruments, also professional traders may confirm their status and apply even for higher levels.

Account Types

CornerTrader offers three account types, each of which can be supplemented with a range of additional services and is available in EUR, USD, CHF, and more.

Demo account is also available at the beginning of trading.

ProsCons
Fast account openingThe minimum deposit is above average
Demo account is available
Account base currencies GBP, EUR, USD, CHF
Hedging and scalping allowed

How to Open CornerTrader Live Account?

Opening an account with CornerTrader is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Open Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by upload of documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

CornerTrader Review Accounts

Trading Instruments

A trading offering of CornerTrader presents its proprietary platform with a world of thousands of assets that includes more than 160 Forex classes along with FX Options, thousands of CFDs, ETFs, and Stocks from 22 global exchanges, as well with Contract Options and Futures.

  • CornerTrader Markets Range Score is 8.9 out of 10 for wide trading instrument selection among Forex, Stocks, Cryptos, and more.

CornerTrader Fees

At CornerTrader, fees are based on the account types offered, and also according to the trading instruments. E.g., in trading Cryptocurrencies with Bitcoin and Ethereum, the commission starts from 0.07% for Pro Traders.

There is also an inactivity fee which is charged if there is no purchase of financial instruments for more than 12 months prior to the accounting month.

  • CornerTrader Fees are ranked average with an overall rating of 7.8 out of 10 based on our testing and compared to over 500 other brokers.
FeesCornerTrader FeesCore Spreads FeesCapital Index Fees
Deposit feeYesNoNo
Withdrawal feeNoNoNo
Inactivity feeYesNoYes
Fee rankingAverageLowLow, Average

 

CornerTrader Review Fees

Spreads

CornerTrader spread is also based on the account types the traders choose. Based on our findings, the average EUR/USD spread is 0.2 pips, and 0.4 pips for GBP/USD pairs.

  • CornerTrader Spreads are ranked low with an overall rating of 8.9 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average, and spreads for other instruments are very attractive too.
Asset/ PairCornerTrader SpreadCore Spreads SpreadCapital Index Spread
EUR USD Spread0.2 pips0.7 pips1.1 pips
Crude Oil WTI Spread-3 pips7
Gold Spread-40.5
BTC USD Spread190 pips0.70%-

Deposits and Withdrawals

At CornerTrader, clients are offered Swiss banking services, while the transactions of funds are performed via the Corner Bank IBAN. CornerTrade offers a TradersCard that is linked to the trading account and makes the client option to withdraw money instantly from any ATM counter.

  • CornerTrader Funding Methods we ranked good with an overall rating of 7.8 out of 10. Fees are either low or average also allowing to benefit from various account-based currencies.

Here are some good and negative points for CornerTrader funding methods found:

CornerTrader AdvantageCornerTrader Disadvantage
No internal fees for withdrawalsNo e-wallets payment method
Multiple account base currencies
One exclusive prepaid card
Fast digital deposits

Deposit Options

In terms of funding methods, CornerTrader offers TradersCard that enables traders to pay with:

  • Apple Pay
  • Google Pay
  • Samsung Pay
  • Garmin Pay
  • Fitbit Pay

CornerTrader Minimum Deposit

CornerTrader minimum deposit is $2,000. However, you should check the account type you choose since some may require minimums to access designed features and cover necessary margins.

CornerTrader minimum deposit vs other brokers

CornerTrader Most Other Brokers
Minimum Deposit $2,000 $500

CornerTrader Withdrawals

CornerTrader does not charge a commission for money withdrawals while the funds are sent to CornerTrader Card making the withdrawal easy process.

How Withdraw Money from CornerTrader Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your DashboardCornerTrader Review Funding Methods

Trading Platforms

The broker offers its CornerTrader proprietary trading platform which provides access to the world’s markets with an intuitive interface and strategy-building capabilities that are available from any device, desktop, phone, or tablet.

Based on our finds, CornerTrader offers a wide range of fundamentals and analyses of trading instruments, and also the availability of chart trading. Moreover, the platform provides access to market analyses, news, and the financial calendar. We found that CornerTrader trading platform is also equipped with innovative extended options and functions such as risk management tools.

  • CornerTrader Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good since it offers a professional trading platform with comprehensive technical solutions and trading tools.
Trading Platform Comparison to Other Brokers:
PlatformsCornerTrader PlatformsCore Spreads PlatformsCapital Index Platforms
MT4NoYesYes
MT5NoNoNo
cTraderNoNoNo
Own PlatformYesYesNo
Mobile AppsYesYesYes

 

CornerTrader Review Trading Platform

Customer Support

CornerTrader provides 24/5 customer support to its clients. Phone lines and Email are also available here.

  • Customer Support in CornerTrader is ranked good with an overall rating of 7.5 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.

See our find and ranking on Customer Service Quality:

ProsCons
Availability of phone lines and emailNo live chat
Quick responses
Relevant answers

CornerTrader Education

At CornerTrader all necessary information and learning materials are available through tutorials, trading events, Forex news, charting, and analyses, along with oversights to monitor and control margin requirements, and access to account overview with fees report.

  • CornerTrader Education ranked with an overall rating of 8 out of 10 based on our research. The broker provides market news and insights, and also cooperates with market-leading providers of data.

CornerTrader Review Education

CornerTrader Review Conclusion

To sum up, CornerTrader is a reliable and safe brokerage company along with its competitive trading services. The trading costs and spreads are also attractive among the market offering. Nevertheless, the company does not require a minimum deposit which can be a good start for new traders or even a solution for active traders.

The broker provides solutions for retail, institutional, and professional traders, as well as offers investment opportunities through PAMM.

Based on Our findings and Financial Expert Opinions CornerTrader is Good for:

  • European traders
  • Investors
  • Professional Trading
  • CFD and currency trading
  • STP/OTC execution
  • Advanced traders
  • Institutional trading
  • Competitive spreads
  • Swiss based Trading
  • Higher Leverage access for retail traders
  • Good learning and research materials

No news available.

2 responses to “CornerTrader”

  1. Dear Sir or Madam , you have good chance for me may be. I need to open private account in malty currencies in USD and CHF. And currently I need to know about documents from me to open the account. I am from Russia Moscow .
    Your Sincerely,
    Andrey Donskoy.

  2. hi

    I am a Jordanian living in Saudi Arabia if I want to open an account with your firm what document do I need to provide? and is it possible to do that as a resident in Saudi Arabia?

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