Based in Switzerland, Cornertrader is a bank that started offering online trading services in 2012. The broker offers forex, CFDs, stocks, commodities, options, cryptocurrency, funds, as well as stock options and bonds. There are different account types to suit the needs of different clientele.
Cornertrader Review, Pros & Cons
- A range of trading & learning resources
- A wide variety of trading products
- Flexible trading platforms
- Limited deposit & withdrawal methods
- No MetaTrader platforms
- Spread is fixed & not the lowest
- No USA clients
- No live chat support
In this detailed Cornertrader review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2012, Cornèrtrader is a trading platform of Cornèr Bank Ltd, a bank in Switzerland. They offer a wide variety of trading instruments for online trading using its proprietary trading platform that is available on multiple devices. Traders are also provided with educational resources as well as a client support team to assist them.
Cornertrader is registered as a bank in Switzerland and is regulated by FINMA, the Swiss regulatory authority that supervises financial brokerage services.
Traders from different parts of the world can open a trading account with the broker if their countries of residence permit online trading with international brokers.
Some Cornertrader features and products mentioned within this Cornertrader review may not be available to traders from certain countries because of legal restrictions.
Cornertrader provides traders with the Cornertrader trading platforms for both traders and investors. It comes in three variations, namely: Invest platform, which is specifically designed for investors and has cross-device functionalities to enable you to access your investments wherever you are; FLEXibility platform that is best suited for traders and investors who are looking for an easy-to-use platform or are often on the move; and the Advance trading platform, a multifunctional trading platform that is ideal for experienced traders, brokers, and investors. The platforms are available on the desktop, web, and mobile versions.
Cornertrader Trading Tools
The broker provides traders with a range of trading tools that help to ensure a hitch-free trading process, and they include trading signals, multi-asset managers, exchange rates, and more.
There is a good selection of educational materials on the broker’s website, including video tutorials, seminars, webinars, and an FAQ section.
Cornertrader offers the following trading products: Forex, CFDs, stocks, commodities, options, cryptocurrency, funds, stock options, and bonds.
Cornertrader Accounts & Fees
Cornertarder offers several trading account options to ensure traders get a customized trading experience. They include Private, Capital, and Pro or VIP accounts. Demo accounts are also provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Cornertrader review. It is imperative to ensure that you check and understand all of the latest information before you open a Cornertrader broker account for online trading.
Cornertrader offers a knowledgeable client support team that can be reached during working days: Monday to Friday from 8 am to 6:30 pm via telephone and Live Chat.
Cornertrader Deposit & Withdrawal
The broker exclusively gives traders access to use a TradersCard linked to their bank accounts for deposits and withdrawals.
Cornertrader Account Opening
To open an account, click on the ‘Open account’ button and properly fill out the registration form, providing all the required documents.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Cornertrader is a retail broker that is built on the core values of transparency, excellent service, and strong solidity. The online brokerage service is a subsidiary of Cornèr Bank Ltd. They provide traders with the right resources and trading environment for trading multiple financial instruments online, and there is a variety of different trading account types available to clients.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.