Corner Trader / Corner Bank in Switzerland

[Silvio]

So I came across this Swiss bank\broker that seems to good to be true:

1. Wire in\out - free
2. Personal relationship manager - they actually called me after I sent them an email
3. No custody fee (but 35 CHF per quarter if there are no activities) Commissions: CT, a competitive provider | Cornèrtrader
4. Apparently they accept corporate accounts as well Corporate Accounts: Swiss multi-asset platform | Cornèrtrader and weren't even fazed about offshore companies etc.
5. Seems their platform is provided by SaxoBank

The cons:
1. Seem a bit shady, they work with many Russians and have Russian speaking staff, also they have a bank in the Bahamas as well.
2. Swiss stamp duty of around 0.15% if buying INTL stocks

But I read on some forums that in their T&C they are allowed to set 3rd party custodians for the stocks? Not sure about that.
And the reviews are not good Cornèr Bank AG / Cornèrtrader - Zürich

Maybe I'm just paranoid and it's just a typical Swiss bank that slightly overcharges (and is still cheaper than all normal Swiss banks)

Has anybody here used them?

 

[nobel]

I would too, but the 0.15% stamp duty is unacceptable. Better in the Bahamas, you don't pay a 0.15% fee. I think it´s a serious Bank.

 

[Martin Everson]

maxmmm said:
Has anybody here used them?
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Never used them other than some cornercard re-branded Swiss prepaid cards. They are however a serious bank out of the Italian speaking portion of Switzerland ca#"!.

They are in the UK and all over the place with their service. Think of them as the Swiss Wirecard and your on right track - not in a bad sense. Would be interested to test their brokerage service but if its Saxobank WL then I give it a miss as I have a few of these already 😕

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[John Doe 42755]

Maxmmm....Nice pic of my fellow countryman Silvio B. ( Now almost 84 yo)

 

[Silvio]

Alright so the verdict I guess is that it's a serious bank but maybe high on the fees (Swiss stamp duty).

 

[BlueMist]

maxmmm said:
2. Swiss stamp duty of around 0.15% if buying INTL stocks
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Remember that this stamp duty applies not only when buying but also when selling....

 

[fanban]

maxmmm said:
Alright so the verdict I guess is that it's a serious bank but maybe high on the fees (Swiss stamp duty).
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can you tell me if you tried them and if you were happy ?