Corner Trader
XM
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while XM was established in 2009 and is based in Cyprus. Corner Trader holds licences including Unregulated, while XM is regulated by International Financial Services Commission(IFSC) among others. Corner Trader serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $250 at Corner Trader and $5 at XM.
| Feature | Corner Trader | XM |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Regulation | Unregulated | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 1879 | 2009 |
| Country | Switzerland | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and XM, directly affecting your bottom line as a trader. Corner Trader has a lower barrier to entry with a minimum deposit of $250 (vs $5 at XM). Corner Trader charges withdrawal fees while XM does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, XM scores higher on fees in our assessment.
| Feature | Corner Trader | XM |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Corner Trader offers MT4, MT5, cTrader, while XM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. XM supports social and copy trading features, which Corner Trader does not offer. The two brokers are closely matched on platform offering.
| Feature | Corner Trader | XM |
|---|---|---|
| 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, 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 XM compare. XM runs regular live webinars; Corner Trader does not. XM has a video library; Corner Trader does not. XM publishes daily market commentary; Corner Trader does not. XM integrates third-party research tools (Trading Central); Corner Trader does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | Corner Trader | XM |
|---|---|---|
| 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 XM supports 3 (bank transfer, credit/debit card, Neteller). XM uniquely supports Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | Corner Trader | XM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| 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 XM offer live chat support. Both provide phone support. Email support is available at both brokers. Corner Trader supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Corner Trader | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |