Cornèrtrader-Overview of Minimum Deposit, Spreads & Leverage

General Information

Cornèrtrader is a division of Cornèr Bank Group, which has more than 60 years of Cornèr Group's history in private banking and payment cards. Cornèrtrader is advertised as a Bahamas-based brokerage, providing its customers with a powerful, feature-rich multiasset platform for forex, CFDs, stocks, futures and bonds.

Market Instruments

Cornèrtrader advertises that it offers more than 160 forex crosses, dozens of FX options, thousands of CFDs, ETFs, and stocks from 22 global exchanges, along with contract options, futures and digital bonds.

Account Types

Apart from free demo account with simulated $100,000, there are also three real trading accounts provided by Cornèrtrader, which includes Private Trader (for the less experienced in online trading or low frequency traders), Capital Trader (for bigger portfolios requiring dedicated service and optimized pricing) and PRO/VIP Trader (for active, sophisticated or professional traders investing high volumes). The minimum initial capital to open a Private Trader account is $20,000, the Capital Trader account with the minimum deposit requirement of $75,000, while traders have to contact this broker for detailed information about the trading volumes of the PRO/VIP Trader account.

Leverage

In terms of trading leverage, the maximum level offered by Cornèrtrader is very common just like most other brokers, 1:50. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions both vary according to different account types. For instance, spot forex: EUR/USD in the Private Trader account with fixed 3.8 pips and commission $10 on trades<1 lot, the Capital Trader account with fixed 2.8 pips and commission $10 on traders<1 lot, while the PRO/VIP Trader account with floating spreads from 0.2 pips and unknown commission, which requires to contact this broker for further details.

Trading Platform Available

When it comes to trading platforms available,Cornèrtrader gives traders the sole choice of Cornertrader. Cornertrader is advertised as a multi-asset platform designed to meet the needs of today's traders, using the best technology in the market. There are three versions: web, desktop and mobile. The desktop and the web version of the platform are equipped with its full features: fast order execution, advanced charting, technical analysis tools, market news and analysis, economic calendar, flexible workspace. By contrast, the mobile version supports only the main functions.

Deposit & Withdrawal

Cornèrtrader accepts deposits only via bank transfer. There are no obvious options for deposits through debit/credit cards or using popular online payment platforms such as PayPal, Skrill, or Neteller.

Customer Support

Cornèrtraders customer support can be reached through telephone: +12423944977, email: info@cornertrader.com. Company address: 308, East Bay Street - P.O. Box N-7134 - Nassau/The Bahamas.