CornerTrader Overview
| Website | cornertrader.com |
| Year Founded | 2012 |
| Countries of Registration | Switzerland, Bahamas |
| Website Languages | English, German, French, Italian |
| Regulators | FINMA, LPS |
| Broker Type | STP |
| Dealing | A-book |
| Minimum Deposit | $1200 |
| Account Currencies | CHF, EUR, USD, GBP |
| Spread | low |
| Trading Platforms | Cornèrtrader Invest, Flexibility, Advance |
| Trading Assets | Forex, Stocks, ETFs, Bonds, Options, Futures, CFDs, ETPs |
Brief look at CornerTrader
CornerTrader is the online brokerage arm of Cornèr Bank, giving Swiss and international traders direct access to 20000+ instruments across 22 global exchanges. Regulated by FINMA, the broker caters to active investors through three proprietary platforms (Invest, Flexibility and Advance), competitive Swiss style commissions and multi currency accounts. Maximum leverage is capped at 1:50, while negative balance protection and guaranteed stop-losses are not provided.
Pros
- FINMA‑regulated Swiss bank subsidiary
- 20000+ instruments on 22 exchanges
- Multi‑asset, multi‑currency accounts
- Tiered VIP pricing for active traders
Cons
- High minimum deposit
- No negative balance protection
- Leverage limited to 1:50
Is CornerTrader available in my country?
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CornerTrader doesn't accept clients from United States!
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CornerTrader Reviews
I had a great experience with CornerTrader! The sign-up process was smooth, and I was able to start trading on their demo account within minutes. I love the platform, and the spreads are quite competitive. Definitely recommend this broker!
9/15/2023CornerTrader offers a decent range of account types that suit different trading styles. I started with the minimum deposit and was pleasantly surprised by the features available. The app is user-friendly, and I had no issues with the login process.
10/2/2023While CornerTrader has some good points, like their leverage options and a variety of trading instruments, I found the withdrawal time to be slower than expected. Overall, it’s an average broker, but I think they could improve in some areas.
8/28/2023I've been using CornerTrader for a few months now, and I appreciate their bonus offers. The platform is solid, and I find the spreads to be acceptable. I'm looking forward to seeing how they evolve as a broker.
7/19/2023CornerTrader has impressed me with its trading conditions! The demo account is perfect for testing strategies, and I love their fast execution. The rebate program is also a nice touch. Very satisfied overall!
9/30/2023Leave a Review
Is CornerTrader regulated?
| Companies | Cornèr Bank Ltd |
| Countries | Switzerland, Bahamas |
| Regulators | FINMA, LPS |
| Investor Protection | Esisuisse deposit guarantee |
| Investor Protection Size | CHF 100000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
CornerTrader Account Types
| Property | CONSISTENCY |
|---|---|
| Min Deposit | CHF 1000 |
| Lot Size | 0.01 |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.2 pips |
| Fee | CHF 12 per 1 lot |
| Max Leverage | 1:50 |
| Stop Out | - |
| Margin Call | - |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
CornerTrader Funding and Fees
| Base currencies | CHF, EUR, USD, GBP |
| Deposit and withdrawal methods | Bank Wire, SEPA, Credit/Debit Card |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
CornerTrader Trading Platforms and Conditions
| Trading Platforms | Cornèrtrader Invest, Flexibility, Advance |
| Execution Speed | 10 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
CornerTrader Trading Assets
| Currencies | 70 |
| Indices | 30 |
| Stocks | 18000 |
| Cryptocurrencies | 0 |
| Bonds | 500 |
| Metals | 10 |
| Energies | 4 |
| Soft Commodities | 5 |
| ETFs | 1000 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
CornerTrader Support
| info@cornertrader.com | |
| Phone | +12423944977 |
CornerTrader Alternatives
| Broker | CornerTrader | Saxo | Swissquote |
|---|---|---|---|
| Type | STP | DMA | STP |
| Minimum Deposit | $1200 | $1 | $1000 |
| Regulators | FINMA, LPS | Danish FSA, FCA, MAS, FINMA | FINMA, CSSF, FCA, DFSA, SFC, MAS |
| Platforms | Cornèrtrader Invest, Flexibility, Advance | SaxoTraderGO, SaxoTraderPRO, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), CFXD, TradingView |
| Spread | low | average | high |
| Leverage | 1:50 | 1:30 | 1:400 |
| Assets | Forex, Stocks, ETFs, Bonds, Options, Futures, CFDs, ETPs | Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities, Bonds |
Is CornerTrader Right for You?
CornerTrader stands out as a reliable choice for traders seeking a robust and diverse trading environment. As a subsidiary of Cornèr Bank, it offers access to over 20,000 instruments across 22 global exchanges, all while being regulated by FINMA. With multi-asset and multi-currency accounts, along with competitive tiered pricing for active traders, it caters well to serious investors looking to capitalize on various market opportunities. However, prospective users should be aware of some notable limitations. The broker imposes a high minimum deposit requirement, and leverage is capped at 1:50, which may not suit traders looking for higher risk and reward opportunities. Additionally, the absence of negative balance protection could pose a risk for less experienced traders. In conclusion, CornerTrader is well-suited for active and experienced traders who value the security of a FINMA-regulated platform and are comfortable with its limitations. Conversely, novice traders or those seeking higher leverage and lower entry costs might want to explore other options that better align with their trading needs.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
