Corner Trader
Forex Financial Services
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while Forex Financial Services was established in 2008 and is based in Australia. Corner Trader holds licences including Unregulated, while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Corner Trader serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $250 at Corner Trader and $2500 at Forex Financial Services.
| Feature | Corner Trader | Forex Financial Services |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Regulation | Unregulated | Australian Securities and investment Commission (ASIC) |
| Founded | 1879 | 2008 |
| Country | Switzerland | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and Forex Financial Services, directly affecting your bottom line as a trader. Corner Trader has a lower barrier to entry with a minimum deposit of $250 (vs $2500 at Forex Financial Services). Corner Trader charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. Corner Trader applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Corner Trader does not. The two brokers are broadly comparable on fee structure.
| Feature | Corner Trader | Forex Financial Services |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Corner Trader offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Corner Trader does not offer. The two brokers are closely matched on platform offering.
| Feature | Corner Trader | Forex Financial Services |
|---|---|---|
| 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 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Corner Trader and Forex Financial Services compare. The two brokers are evenly matched on educational content.
| Feature | Corner Trader | Forex Financial Services |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
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 Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Corner Trader | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services 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 | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |