Corner Trader
First Trade
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while First Trade was established in 2008 and is based in USA. Corner Trader holds licences including Unregulated, while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Corner Trader serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $250 at Corner Trader and $5 at First Trade.
| Feature | Corner Trader | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Regulation | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1879 | 2008 |
| Country | Switzerland | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and First Trade, directly affecting your bottom line as a trader. Corner Trader has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). Both brokers charge withdrawal fees. Corner Trader applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; Corner Trader does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | Corner Trader | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Corner Trader offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Corner Trader | First Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,Desktop,iPhone/iOS | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Corner Trader and First Trade compare. First Trade runs regular live webinars; Corner Trader does not. First Trade has a video library; Corner Trader does not. First Trade publishes daily market commentary; Corner Trader does not. First Trade integrates third-party research tools (Trading Central, Autochartist); Corner Trader does not. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | Corner Trader | First Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Corner Trader accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while First Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Corner Trader | First Trade |
|---|---|---|
| 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 Corner Trader and First Trade 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 | Corner Trader | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |