Alfa Forex
Corner Trader
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while Corner Trader was established in 1879 and is based in Switzerland. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while Corner Trader is regulated by Unregulated among others. Alfa Forex serves 10,000+ clients worldwide; Corner Trader has 10,000+. The minimum deposit is $0 at Alfa Forex and $250 at Corner Trader.
| Feature | Alfa Forex | Corner Trader |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2011 | 1879 |
| Country | Cyprus | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and Corner Trader, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $250 at Corner Trader). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | Corner Trader |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while Corner Trader supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which Corner Trader does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Forex | Corner Trader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | MT4,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and Corner Trader compare. Alfa Forex has a video library; Corner Trader does not. Alfa Forex integrates third-party research tools (Autochartist); Corner Trader does not. Alfa Forex scores higher overall in education and research.
| Feature | Alfa Forex | Corner Trader |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Corner Trader supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | Corner Trader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alfa Forex and Corner Trader offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alfa Forex | Corner Trader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |