On-line since:
Country of origin:
Regulation:
Payment options:
Minimum account size:
Minimum lot size:
Leverage:
Spreads:
CornerTrader is a Swiss forex broker, which is a part of Corner Bank Group. The company was founded in 1952 in Lugano, the third largest financial center of Switzerland after Zurich and Geneva. Corner Bank offers a wide range of traditional banking services, in particular fiduciary banking transactions.
In 2012, the bank launched its own multi-asset forex platform called CornerTrader that provides access to the interbank market. The platform supports trading all asset types, allowing to build a diversified portfolio.
Traders are able to use various tools such as market news and analysis, economic calendar, financial information from more than 1,000 companies, account history, and market price monitoring.
The broker offers three account types: PRIVATE TRADER for beginners, classical CAPITAL TRADER, and PRO TRADER for trading in high volumes. Each account can be supplemented with a range of additional services: sales trader, trading signals, trading by phone, physical gold deposit, and TradersCard.
You can trade currency pairs, currency stock options, CFDs, shares, and futures.
Occasionally, CornerTrader invites specialists to hold seminars and workshops for professional traders.
I'm trading with CornerTrader broker, and it's been more than a year. Everything was going well until the last 3 months their platform started crashing and unstable. It seems they didn't take care of their trading platform properly. Because of that, I lost a significant amount. I lost $770 in single trade because the platform crashed and hang when I was about to close my order. I got a different position and my money is gone. I don't feel happy at all to trade with them, so I decided to close my account at this broker.
First time I know CornerTrader from my colleague. He told me that this broker is a good broker. I was curious and I saw their minimum deposit and take a risk. Now I'm regretting my decision to open an account at this broker. I found delays in order executions, and the spread is crazy high! Slippage and requotes also happened. CornerTrader is not a recommended broker. It's awful to trade with them.
I was supposed to open an account at Corner Trade but the fact that they are not regulated just makes me feel uneasy. It is often advised to trust on the companies with strong regulation and I think I would just follow that. I don't want to risk the security of my funds.
You should think thousand times before deposit money in Corner Trader broker. Their CornerTrade multi-asset trading platform is not for professional trader, they have very high spread and delayed server in placing order time and traffic time. All my trades with CornerTrade platform were failed most of the time. Moreover, there are much re-quotes, which made me puzzled in placing orders. So I do not like and do not recommend Corner Trader broker to you traders.
I have bad experience trading with CornerTrader. Last month I made a withdrawal of £2500. I waited for two weeks without getting any money, so I checked again by calling their support. When I got the money, I just realized that they charged me big amount for commission fee, and they hide it. They give a lot of delays to process my withdrawal, they hide commission also was very slow in responding to their clients. I decided to stop using this broker. I don't recommend this broker to trade.