What is Cornèrtrader?
Cornèrtrader is the online platform of Cornèr Bank (founded in 1952) and combines trading, banking and payment transactions in one system. Since 2012, the platform has offered access to over 40,000 financial instruments on 22 global exchanges.
The concept: Instead of having separate accounts with your bank and broker, you get trading access, multi-currency accounts and a Visa debit card from a single source. Trading profits are immediately available by card and tax documentation is centralised.
The FINMA-regulated Cornèr Bank is the basis behind the platform, deposits are protected up to CHF 100,000 by the Swiss deposit protection scheme.
I have been with Cornertrader since 2018, but I am now moving away. The new custody fees and the confusing trading platform are simply no longer up to date. Incidentally, the tax statement is mandatory, which means another compulsory fee of CHF 20. No, thank you.
Salut Eric,
I have inherited a large amount of money and would like to invest it cheaply.
Do you think Cornertrader is the right provider for me? The fees sound ideal to me.
Hello Roberto,
I would never base my choice of provider on the fees alone. But if the overall concept is right and suits you, absolutely!
Thanks for the article. I already knew Cornèr as a bank, but not the trading solution. As I am having my pension fund paid out, I have larger sums to invest. The flat fees look very attractive to me. I will take a closer look at everything.
At that time I had chosen Cornertrader because of the 0 custody fees (and the dark mode). When things got dicey, they introduced these fees. So I left again, as there were no other advantages for me personally. I briefly used Flowbank, which still had software for Linux, but that no longer exists. Dark mode is now available with all brokers.
The abolition of inactivity fees is certainly a positive point, but I still wouldn't go back. Transferring to another broker was a bit of a pincer movement in the beginning, and you had to threaten and make several phone calls.
Thanks for sharing, Thierry!
The above-mentioned conclusion about the Cornèrtrader experience applies exactly to me. I am a value investor who has been building up one of three portfolios on the Cornèttrader platform since 2020. I only invest in shares and buy in small increments in the event of setbacks. I am with Cornèrtrader because Cornèr is one of the safest banks in Switzerland, the securities are held in Switzerland, the fees are very attractive compared to other banks and the trading platform is ideal for my purposes. I consider myself a very experienced investor and there are few portfolio managers in Switzerland who can match the performance of my portfolios. The service and support from Cornèrtrader is very good.