CornerTrader Review

What is CornerTrader?

CornerTrader, a division Corner Bank Group is what gives you the confidence in the services and the attractive offers. This is the strongest bank in Switzerland. Corner Bank Ltd, an independent Swiss bank is the #1 bank in Switzerland in terms capital soundness founded in 1952. This was confirmed by The Banker’s Top 1000 World Banks rankings.


Broker: СornerTrader

Minimum deposit: 1,190 US$

Regulator: FINMA

Year: 1952

Platforms: CornerTrader Platform

HQ: Switzerland

CornerTrader Licenses:

Corner Bank Ltd - Authorized by FinMA (Switzerland).



CornerTrader was launched in 2012 by the bank. This allows the bank to offer solutions and services to the rapidly growing market for online trading.

CornerTrader has been providing access to financial markets around the globe since then. It is supported by a robust suite flexible functionality, tools, and resources, as well as a solid background, high operational standards, and recognition of Swiss Finance.



Overview

Corner Trader is a multi asset platform with 80+ tradable Assets. Assets available on Corner Trader include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Corner Trader trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Pros

  • Used by over 10,000 Corner Trader users and traders

  • Established in 1879

  • Min. deposit from $250


Cons

  • Doesn't allow scalping

  • Not FCA Regulated


Rating of the company overall

  • Reliability ⭐⭐⭐

  • Platform ⭐⭐⭐

  • Commissions ⭐⭐⭐

  • Support ⭐⭐⭐

  • Financial instruments ⭐⭐⭐

RATING: 3.0

CornerTrader is it safe?

CornerTrader is part of a Corner Bank, which is regulated in Switzerland by FINMA. This means that it complies with all requirements and takes all necessary measures. A Swiss bank license is required to be able to conduct brokerage operations. This is because of the stringent requirements and many rules that apply to all models of operation, including those that are governed by ruling directors.

CornerTrader is a trusted broker. This should not leave you with any questions about its reliability or trust. It has been in operation for more than 60 years within finance. CornerTrader and Corner Bank are members of the Esisuisse depositor safety scheme which protects clients' Swiss bank deposits.

Esisuisse members guarantee the transfer of amounts up to CHF6 billion to clients in case of company insolvency. Clients also receive fund protection up to 100,000 CHF.


Specifications

Trade Instruments

CornerTrader's trading platform offers a range of options that include more 160 Forex classes, FX Options, thousands CFDs and ETFs as well as Stocks from 22 global exchanges.

Leverage

The Leverage is a great tool that allows traders to trade larger amounts than their trading accounts. It is actually a loan that the broker gives to the trader. You can multiply your volume which may increase your potential gains. However, leverage also works in the reverse.

In order to protect clients, FINMA and other regulatory standards limit the allowed level of leverage. Retail traders can only use maximum leverage 1:30 to trade Forex instruments. Professional traders may confirm their status and apply for higher levels.



Types of accounts

CornerTrader offers three account types. Each of these can be enhanced with a variety of additional services, available in EUR and USD, and in CHF.

Fees

CornerTrader provides a wide range of trading products, including stocks and CFDs. CornerTrader also offers contract options that allow you to trade Forex spot, Forex options (both Vanilla and Binary) and Forex futures.

Also available Cryptocurrencies with Bitcoin and Ethereum trading through commissions starting at 0.07% Pro Traders. Forex trade is packed with global reach, intuitive order tickets and which allows for a fluid combination liquidity and pricing without requotes. There are also competitive spreads of 0.2 pips per EURCHF pair and 0.4 per GBPUSD pair. Low margin requirements for FX tiered margin such as 1% on majors or dedicated liquidity.

Spreads

CornerTrader's spread and commission fee structure (or spread and commission) is determined by the account type you choose. Cornertrader is the most popular provider in Switzerland. Below is a sample spread offering. You can also compare fees with BlackBull Markets, another Swiss broker.


Withdrawals and deposits

CornerTrader clients automatically get access to Swiss banking services. Transactions of funds are done via the Corner Bank IBAN. CornerTrade offers a TradersCard that is tied to your trading account. This allows you to withdraw money immediately from any ATM counter.

Withdrawal

CornerTrader doesn't charge a commission on money withdrawalswhile funds are sent directly to CornerTrader Card, making it easy to withdraw.

Minimum deposit

CornerTrader minimum depositis $1,190. You should still check the account type you select as some accounts may require minimum deposits to access certain features or cover required margins.



Trade Platforms

The platform, which has been awarded the broker's highest rating , offers powerful capabilities designed for maximum impact along with sophisticated tools and access to global markets. Smart thinking can be used to guide your trading strategy. It offers a user-friendly interface and strategy building capabilities that can be accessed from any device, whether it is a tablet, phone, or desktop.

CornerTrader allows you to trade with aggregated liquidity from Tier-1 bank along with access over 80 trading venues worldwide through real-time execution, prices and competitive fees and commissions.

Research

You can access all the information you need to trade successfully with Forex news and charts, as well as oversights to control margin requirements and an account overview report with fees.

With Forex Options, you'll have access to global liquidity, leverage, and streaming liquidity. You also have the flexibility to trade any market movement, whether it be for professional, institutional or retail traders. There are also investment opportunities through PAMM. CornerTrader does charge market data fees as do most futures brokers depending on the market you trade.



Education

Clients are equipped to follow any trading strategy. Account Executives who specialize in trading global markets provide personalized support and assistance. CornerTrader will provide you with educational materials and insights as well as webinars and meetings to support your learning.

Conclusion

CornerTrader reviews , a Swiss multiasset Bank and its competitive brokerage services. This has created a large portfolio of trading instruments. CornerTrader offers personalized service to clients with valuable assets. This is a result of more than 60 years in the financial industry. The trading cost might be very competitive in comparison to other market offering. This allows traders to select from a variety of sizes and could make CornerTrader a great choice. The company doesn't require any minimum deposits, which is a great start for new traders and a solution to active traders.