Corner Trader
FP Markets
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while FP Markets was established in 2005 and is based in Australia. Corner Trader holds licences including Unregulated, while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Corner Trader serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $250 at Corner Trader and $100 at FP Markets.
| Feature | Corner Trader | FP Markets |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1879 | 2005 |
| Country | Switzerland | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and FP Markets, directly affecting your bottom line as a trader. FP Markets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Corner Trader). Corner Trader charges withdrawal fees while FP Markets does not, a notable advantage for frequent withdrawers. Corner Trader applies inactivity fees on dormant accounts; FP Markets does not. FP Markets charges deposit fees; Corner Trader does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | Corner Trader | FP Markets |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Corner Trader offers MT4, MT5, cTrader, while FP Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FP Markets supports social and copy trading features, which Corner Trader does not offer. The two brokers are closely matched on platform offering.
| Feature | Corner Trader | FP Markets |
|---|---|---|
| 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, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Corner Trader and FP Markets compare. FP Markets runs regular live webinars; Corner Trader does not. FP Markets has a video library; Corner Trader does not. FP Markets publishes daily market commentary; Corner Trader does not. FP Markets integrates third-party research tools (Trading Central); Corner Trader does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | Corner Trader | FP Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 FP Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). FP Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | Corner Trader | FP Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Corner Trader offers multilingual support. Both brokers are comparable on support quality.
| Feature | Corner Trader | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |