Corner Trader
Westpac
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while Westpac was established in 2008 and is based in Austrailia. Corner Trader holds licences including Unregulated, while Westpac is regulated by Financial Conduct Authority (FCA) among others. Corner Trader serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $250 at Corner Trader and $50 at Westpac.
| Feature | Corner Trader | Westpac |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 1879 | 2008 |
| Country | Switzerland | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and Westpac, directly affecting your bottom line as a trader. Corner Trader has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Westpac). Corner Trader charges withdrawal fees while Westpac does not, a notable advantage for frequent withdrawers. Corner Trader applies inactivity fees on dormant accounts; Westpac does not. Westpac charges deposit fees; Corner Trader does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Corner Trader | Westpac |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Corner Trader offers MT4, MT5, cTrader, while Westpac supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Westpac supports social and copy trading features, which Corner Trader does not offer. The two brokers are closely matched on platform offering.
| Feature | Corner Trader | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Corner Trader and Westpac compare. Westpac runs regular live webinars; Corner Trader does not. Westpac has a video library; Corner Trader does not. Westpac publishes daily market commentary; Corner Trader does not. Westpac integrates third-party research tools (Trading Central, Autochartist); Corner Trader does not. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | Corner Trader | Westpac |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Corner Trader | Westpac |
|---|---|---|
| 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 Westpac 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 | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |