Corner Trader
fx open
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while fx open was established in 2019 and is based in Puerto Rico. Corner Trader holds licences including Unregulated, while fx open is regulated by Financial Conduct Authority (FCA) among others. Corner Trader serves 10,000+ clients worldwide; fx open has 60,000+. Both brokers share the same minimum deposit of $250.
| Feature | Corner Trader | fx open |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F238 |
| Founded | 1879 | 2019 |
| Country | Switzerland | Puerto Rico |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and fx open, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Corner Trader charges withdrawal fees while fx open does not, a notable advantage for frequent withdrawers. Corner Trader applies inactivity fees on dormant accounts; fx open does not. Overall, fx open scores higher on fees in our assessment.
| Feature | Corner Trader | fx open |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Corner Trader offers MT4, MT5, cTrader, while fx open 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 | fx open |
|---|---|---|
| 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, Mac, ZuluTrade, Web Trader, cTrader, 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 fx open compare. fx open runs regular live webinars; Corner Trader does not. fx open has a video library; Corner Trader does not. fx open publishes daily market commentary; Corner Trader does not. fx open integrates third-party research tools (Trading Central); Corner Trader does not. fx open maintains an archive of past webinars for on-demand viewing. fx open scores higher overall in education and research.
| Feature | Corner Trader | fx open |
|---|---|---|
| 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 fx open supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx open uniquely supports PayPal and Skrill and Neteller among the two brokers. fx open scores higher on deposit and withdrawal flexibility.
| Feature | Corner Trader | fx open |
|---|---|---|
| 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 fx open offer live chat support. Both provide phone support. Email support is available at both brokers. Corner Trader supports 2 languages and fx open supports 8, giving fx open broader global reach. Both brokers are comparable on support quality.
| Feature | Corner Trader | fx open |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |