When you trade an instrument in a currency that differs from the base denomination of the account, the transaction conversions – including profits/losses – are executed using the FX spot mid-price at the time when you close your position, plus/minus a fixed mark-up of 0.5%.

The currency conversion fees do not apply to margin collateral. Only the settlement of actual transactions are included, for example, buying/selling stocks, paying/receiving option premiums, booking of profit/losses, dividends, etc.

The rates used for the currency conversions are shown in the trading platforms under the “Trades Executed” report.

An inactivity fee is charged if no purchase or sale of a financial instrument occurs during a period of a quarter in any account funded for more than 12 months before the accounting month. A quarter is a fixed calendar period: January to March, April to June, July to September and October to December.

If you are an active or frequent investor, but you cannot trade in a given quarter or have stopped temporarily, please contact us to see if different conditions can be applied.

No fee is charged if you hold bonds in your portfolio.

If you wish to transfer securities to your Cornèrtrader account, please contact us via phone or write to us at support@cornertrader.ch to receive the “Simplified Security Transfer Form”, which has to be completed with all the necessary information and returned.

In case you would like us to fill up a stock transfer request on your behalf, an additional administrative fee will be charged. The amount can vary from CHF 100 up to CHF 250 depending on the number of lines and complexity of the request.

The minimum amount is CHF 10,000 (or equivalent in the other currencies). No upper limits or locking-in periods are required.

The interests will be calculated daily on the cash balance available on each account or sub-account and booked at the beginning of the following month.

In case of a structure with multiple subaccounts, each of them will be considered individually. Therefore, even in the presence of an overall positive account value, interests will be applied to each negative balance.

Interests are calculated daily and booked at the end of each month. In case of a negative market rates, the default market rate considered will be zero. As a result, the minimum interest rate applied will be 7%. The cumulated interests’ calculation will be shown on a daily basis under the section “transactions not booked” of the account summary.

For currencies that are subject to negative interest rates, even in presence of a positive cash value, Cornèrtrader reserves the right to charge negative interests for accounts above a certain threshold on an individual basis and subject to a previous notice.

However, as a client of ours, you have access to delayed market data on listed securities on which you can trade.

An online subscription tool is available on the trading platform to request the desired live market data. There you will find the list of exchanges available together with the news services, with the applicable monthly fees. You can subscribe and unsubscribe to the services of your choice.

Subscriptions levels

Some of the exchanges might offer Level 1 only or also the Level 2 market data. With the Level 1 subscription, you receive the first level of the order book on the exchange: you can see real-time, bid/ask quotes and their sizes/volumes. With the Level 2 subscription, you can see not only the top of the book, but also the market depth of bid/ask prices and the size available at each price point.

Subscription costs

As soon as you subscribe to your chosen service, your account will be debited for the cost of subscription for a full calendar month, whatever date you subscribe.

Some exchanges (especially US equities and CFDs) require subscribers to renew their information bi-annually. Before the expiry date, you will be notified via the platform regarding the renewal of a subscription.

Professional or Non-Professional

In order to obtain Live Market Data Fees on listed products, independently of whether a cost is applied or not, each user must subscribe to the Exchanges of interest and go through the assessment profile to define the type of categorization (if Professional or non-Professional). The final result will determine the type of fee that will be applied. Subscriptions must be done personally by each user. The finality is not to assess the account type but the person accessing and using the market data.

The Exchanges have strict criteria to classify professional and non-professional investors, and these are not necessarily linked to the actual use of the account. These include, among them, the type of profession, company by which the subscriber is employed or the role on the account. They can lead to a professional classification of the subscriber, despite the fact that the account is not used professionally. Vendors and banks must diligently apply these rules and monitor that the classification of each user is compliant with the provisions of the exchanges.

For this reason, if the self-classification given by a subscriber is not reflecting the definition given by the exchange or personal data are missing (such as name, surname, profession), Cornèrtrader has the right at any point in time to amend the data, cancel the original subscription and/or adjust it to the correct segmentation, without prior notice. In this case, the monthly fee will be charged according to the correct segment.

Generally, non-Professionals are intended to be only private individuals using the data for personal investments. However, for most of the Exchanges worldwide (included Swiss, Europeans and Americans) private individuals, who are working in the financial sector, employed by a financial institution, independently of the job performed, or whose activity can be qualified as financial advisory (this can be typically the case of independent financial advisors) are categorized as professionals.

Corporates are categorized as Professional, regardless of the type and purpose of the subscription.
Before subscribing, please refer to the rules of each Exchange available in the subscription tool on the platforms and read the criteria applied to them. In this process, Cornèrtrader cannot influence in any way the segmentation rules as defined by the exchanges and must apply these very strictly.

If you want to transfer securities from your Cornèrtrader account, we kindly ask you to consult and fill out the Securities Transfer Form.

In case you would like us to fill up a stock transfer request on your behalf, an additional administrative fee will be charged. The amount can vary from CHF 100 up to CHF 250 depending on the number of lines and complexity of the request.

The minimum fee of CHF 100 (+ VAT) applies up to 10 lines. A fee of CHF 10 is charged for each additional transaction, up to a maximum fee of CHF 500 (+ VAT).

Lines are considered to be: open positions at the end of the year, positions closed during the year and all transactions relevant for tax purposes.

Swiss tax statements can be requested with automatic annual renewal or for an individual year. We recommend the automatic renewal since, for all requests received after December 31 of each year, we cannot guarantee the delivery of the tax statement by March 15 of the following year. In such cases, we advise you to contact the relevant tax authorities to request an extension of the deadline or to check whether the available online statements can be used for tax-return completion purposes.

To cancel the service, we recommend that you send us your request by September 30 of the current fiscal year. Subsequent cancellation requests will only be accepted for the years following the request. Production costs for the tax statement of the year preceding the cancellation, will still be charged if the production for these has already begun.