Corsa Capital Review 2023
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United States not accepted.Corsa Capital is a binary options broker offering a proprietary trading platform.
Demo Account
Bonus Offer
Islamic Account
Binary Trading
Trade binary options with 11 contract types.
Forex Trading
Trade 10 forex pairs with multiple binary options contracts.
Stocks Trading
Trade binary options on stocks and shares.
CFD Trading
Not Available
Crypto Trading
Not Available
Corsa Capital is an online broker providing binary options trading on forex and stocks with 10+ contract types. This review explores the pros and cons of registering with Corsa Capital, including their welcome no deposit bonus, login process, and trading platforms.
Corsa Capital Company Review
Corsa Capital was founded in 2007 by a group of forex professionals. The binary options platform offers its clients straightforward trading propositions. Yet despite the fact 10,000 traders have signed up from multiple countries, the broker is not currently regulated.
Trading Platforms
Although there is a link to a MT5 support forum on the broker’s website, neither the MT4 or MT5 servers are available. Instead, clients have access to two proprietary platforms – the Corsa Capital Web Platform and the desktop Corsa Client Cabinet.
Corsa Capital Web Platform
The proprietary software is available directly from the broker’s website, requiring no download or installation. All 11 binary options orders can be placed in a user-friendly, intuitive way.
However, the charting capability is limited, with only lines, bars and candlesticks. Also, minimal analysis tools and indicators are available.
Corsa Client Cabinet
The desktop-based platform has greater functionality than the web-based trader. There are more account management options, including trading histories and payment options. You can also find the full range of order types and statistical analysis.
The platform can be downloaded from Corsa Capital’s website, though only for Windows computers.
Assets
Corsa Capital offers binary options on 10 forex pairs and stocks. The broker also has a randomly generated index that is open for trading on the weekends, called CRSIDX.
There are 11 straightforward binary option contract types, including intraday, expiry and tick options.
Trading Fees
Corsa Capital is a binary options broker, not a traditional forex broker. This means they do not charge spreads, commissions or overnight swaps. Even though the website has no mention of fees or charges, binary options brokers earn their money by taking a small portion of a contract’s pay-out and through unsuccessful contracts.
Mobile Apps
There is no Corsa Capital trading app. Fortunately, the web platform is accessible from a mobile browser, although it’s less user-friendly than the desktop interface.
Payment Methods
Deposits can be made using Visa and Mastercard payment cards or bank wire transfers. Card payments take up to 24 hours to be processed. The minimum deposit to open a Corsa Capital account is $1.
Withdrawals may be made using the above payment cards, as well as Qiwi wallet and Skrill. E-wallet transactions take up to 5 business days to appear.
Demo Account
Corsa Capital provides a demo account to help traders familiarise themselves with the broker, markets and strategies. These accounts risk none of your own capital, instead they are loaded with $10,000 of virtual money, with all the functions and features of a live account. Demo accounts are open for 30 days after registration.
Welcome Bonuses & Promotions
Corsa Capital offers its clients a $100 deposit welcome bonus. The bonus cannot be withdrawn, though it can be used to supplement your own capital when trading. Coupled with the $1 minimum deposit, this can make trading with Corsa Capital a small investment with large profit potential.
Regulation
Corsa Capital Ltd is not regulated or licensed with any financial services agency or gambling commission. Regulation is particularly important for binary options trading, as many brokers have been proven to be fraudulent or scams. Furthermore, many financial services agencies and countries have banned binary options, claiming it to be more akin to gambling. As a result, we’d recommend caution before registering for an account.
Additional Features
The broker provides clients with a fleshed-out education centre containing glossaries, beginner guides and video tutorials. There’s also an analytics stream with forex news information and financial analysis articles. In addition, the website hosts an economic calendar.
Accounts
Corsa Capital does not have multiple account types. Instead, they offer their full range of services, options contracts and educational resources to all clients. This is a shame, as multiple account tiers can benefit high-volume traders through additional support, discounts and features.
Benefits
Reasons to register for a trading account include:
- Education centre & financial analysis
- $100 welcome deposit bonus
- No spreads or commissions
- $1 minimum deposit
- 24/7 trading
Drawbacks
Downsides to Corsa Capital’s offering include:
- Limited trading platform capability
- Binary options investments only
- No transparent fee structure
- Unregulated
Trading Hours
Clients can trade 24/7 at the Corsa Capital corporation. Standard markets can be traded from 00:00 UTC Monday to 20:00 UTC Friday, though the CRSIDX index can be traded on over the weekend.
Customer Support
The Corsa Capital website is available in English and Russian. The broker also offers a call-back service whereby you leave your contact details and queries for them to get back to you. Live customer support is open daily from 07:00 to 16:00 UTC and can be contacted via:
- Live chat – centre right of the website
- Email – support@corsaforex.com
- Telephone – +7(919) 784-13-97
- Skype – corsaforex.com
- ICQ – 715359090
Trader Security
Corsa Capital uses industry-standard cybersecurity measures to protect its clients. All data traffic is encrypted using Single Sockets Layer (SSL) encryptions and the broker also uses firewalls, authentication systems and access control mechanisms.
Corsa Capital Verdict
Corsa Capital offers a well-rounded binary options trading service, with multiple markets and contract types. There is 24/7 trading and a minimum deposit of just $1. However, binary options can be risky, and many options brokers have been found to be scams. As such, the lack of regulation for Corsa Capital indicates that it may not be the safest broker. Therefore, we would recommend considering other brokers reviewed on our website first.
Accepted Countries
Corsa Capital accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Corsa Capital from United States.
Payment Methods
Corsa Capital Details
| Minimum Trade | $0.1 |
|---|---|
| Islamic Account | Yes |
| Mobile Apps | No |
| Margin Trading | No |
| Volatility Index | No |
| Spot Trading | No |
| Perpetual Swaps | No |
| ELWs | No |
| REITs | No |
| AI / Machine Learning | No |
| Robo Advisor | No |
| P2P Trading | No |
| Negative Balance Protection | No |
| VPS Hosting | No |
| Tournaments | No |
| Demo Competitions | No |
| Managed Accounts | No |
| Market Maker | No |
| Social Trading | No |
| Guaranteed Stop Loss | No |
Forex Trading Details
| GBPUSD Spread | None |
|---|---|
| EURUSD Spread | None |
| EURGBP Spread | None |
| Assets | 10 |
Binary Options Trading Details
| Payout Percent | Undisclosed |
|---|---|
| Ladder Options | No |
| Boundary Options | No |
Compare Corsa Capital
Compare Corsa Capital with similar brokers that accept traders from your location. Among available brokers these are the most similar to Corsa Capital:
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OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
Go to OANDA -
Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
Go to Webull -
Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
Go to Forex.com
Corsa Capital Comparison Table
| Corsa Capital | OANDA | Webull | Forex.com | |
|---|---|---|---|---|
| Rating | 2.5 | 4.5 | 4.4 | 4.5 |
| Markets | Binary options | Forex | Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs | Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $1 | $0 | $0 | $100 |
| Minimum Trade | $0.1 | $0 | $5 | $1 |
| Regulators | – | CFTC, NFA | SEC, FINRA | CySEC, IIROC, NFA, CFTC, FCA, CIMA, CIRO |
| Bonus | $100 welcome deposit bonus | $5,000 welcome bonus with a deposit of $500 | Six free stocks | – |
| Education | No | Yes | Yes | Yes |
| Platforms | – | MT4, TradingView, AutoChartist | – | MT4, MT5, TradingView, AutoChartist, TradingCentral |
| Leverage | – | 1:30 EU, 1:200 Global | – | 1:200 |
| Payment Methods | 2 | 12 | 3 | 8 |
| Visit | – | Visit | Visit | Visit |
| Review | Corsa Capital Review |
OANDA Review |
Webull Review |
Forex.com Review |
Compare Trading Instruments
Compare the markets and instruments offered by Corsa Capital and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| Corsa Capital | OANDA | Webull | Forex.com | |
|---|---|---|---|---|
| Binary Options | Yes | No | No | No |
| Expiry Times | – | – | – | – |
| Ladder Options | No | No | No | No |
| Boundary Options | No | No | No | No |
| CFD | No | No | No | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Commodities | No | Yes | No | Yes |
| Oil | No | No | No | Yes |
| Gold | No | Yes | No | Yes |
| Copper | No | Yes | No | No |
| Silver | No | Yes | No | Yes |
| Corn | No | Yes | No | No |
| Crypto | No | Yes | Yes | Yes |
| Futures | No | No | No | Yes |
| Options | No | No | Yes | Yes |
| ETFs | No | No | Yes | No |
| Bonds | No | Yes | No | No |
| Warrants | No | No | No | No |
| Spreadbetting | No | No | No | No |
| Volatility Index | No | No | No | No |
Corsa Capital vs Other Brokers
Compare Corsa Capital with any other broker by selecting the other broker below.
FAQ
Does Corsa Capital offer bonuses?
Clients are offered a welcome bonus by Corsa Capital. Once you register an account and deposit at least $1, Corsa Capital will credit your trading account with $100.
What trading platform does Corsa Capital use?
Corsa Capital does not provide MT4 servers or any other industry-standard platform. Instead, the broker offers its own proprietary desktop and web-based platform.
What is the minimum deposit to open a Corsa Capital account?
All that is required to sign up and login with Corsa Capital is $1.
Can I trade forex with Corsa Capital?
Corsa Capital does offer trading in 10 forex pairs through binary options trading with multiple contract options.
Can I trade with Corsa Capital in Indonesia?
Traders from Indonesia and most other countries can sign up for a live account with Corsa Capital.
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| Corsa Capital is a binary options broker offering a proprietary trading platform. | ||