Corner Trader
lmfx
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while lmfx was established in 2016 and is based in Anguilla. Corner Trader holds licences including Unregulated, while lmfx is regulated by Financial Conduct Authority (FCA) among others. Corner Trader serves 10,000+ clients worldwide; lmfx has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | Corner Trader | lmfx |
|---|---|---|
| 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-F271 |
| Founded | 1879 | 2016 |
| Country | Switzerland | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and lmfx, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Corner Trader charges withdrawal fees while lmfx does not, a notable advantage for frequent withdrawers. Corner Trader applies inactivity fees on dormant accounts; lmfx does not. Overall, lmfx scores higher on fees in our assessment.
| Feature | Corner Trader | lmfx |
|---|---|---|
| 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 lmfx supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Corner Trader edges ahead on platform breadth and functionality in our scoring.
| Feature | Corner Trader | lmfx |
|---|---|---|
| MT4 | Yes | No |
| 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 lmfx compare. lmfx runs regular live webinars; Corner Trader does not. lmfx has a video library; Corner Trader does not. lmfx publishes daily market commentary; Corner Trader does not. lmfx integrates third-party research tools (Trading Central); Corner Trader does not. lmfx maintains an archive of past webinars for on-demand viewing. lmfx scores higher overall in education and research.
| Feature | Corner Trader | lmfx |
|---|---|---|
| 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 lmfx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). lmfx uniquely supports PayPal and Skrill and Neteller among the two brokers. lmfx scores higher on deposit and withdrawal flexibility.
| Feature | Corner Trader | lmfx |
|---|---|---|
| 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 lmfx offer live chat support. Both provide phone support. Email support is available at both brokers. Corner Trader supports 2 languages and lmfx supports 8, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | Corner Trader | lmfx |
|---|---|---|
| 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 |