Corner Trader
Saxo Markets
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while Saxo Markets was established in 2012 and is based in Denmark. Corner Trader holds licences including Unregulated, while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Corner Trader serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $250 at Corner Trader and $6500 at Saxo Markets.
| Feature | Corner Trader | Saxo Markets |
|---|---|---|
| Min. Deposit | $250 | $6500 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 1879 | 2012 |
| Country | Switzerland | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and Saxo Markets, directly affecting your bottom line as a trader. Corner Trader has a lower barrier to entry with a minimum deposit of $250 (vs $6500 at Saxo Markets). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | Corner Trader | Saxo Markets |
|---|---|---|
| Min. Deposit | $250 | $6500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Corner Trader offers MT4, MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo 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 | Saxo 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 | 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 Saxo Markets compare. Saxo Markets has a video library; Corner Trader does not. Saxo Markets integrates third-party research tools (Autochartist); Corner Trader does not. Saxo Markets scores higher overall in education and research.
| Feature | Corner Trader | Saxo Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Corner Trader | Saxo Markets |
|---|---|---|
| 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 Saxo Markets 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 | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |