Windsor Brokers Review: An fairly average Forex broker

windsorbrokers.com
nika
Written by:
Av
konstantinrabin
Calendar
Written on:
2 April 2023
Date
Last edit:
29 May 2023
Our rating:
6.46

6.46

Windsor Brokers Review: An fairly average Forex broker

windsorbrokers.com
nika
Written by:
Calendar
Written on:
2 April 2023
Date
Last edit:
29 May 2023
Our rating
6.46

6.46

Contracts for Difference (CFD) are complex financial instruments carrying a substantial level of risk, and may not be suitable for all investors, as may result in loss of all invested capital rapidly due to leverage. You should consider whether you understand how CFDs work, your investment objectives, level of experience, risk appetite and, if necessary, seek advice from an independent financial advisor.
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Main summary

Windsor Brokers is a group of Forex and Contract for Difference (CFD) brokers operating globally under the jurisdiction of various regulators. 

Windsor Brokers was founded in 1988, and since 2010 the broker has received multiple industry awards. Traders have access to trading CFDs on stocks, commodities, cryptocurrencies, ETFs, energies, FX, indices, and metals using the MetaTrader 4 trading platform. 

The minimum initial deposit required to start trading with this broker is as little as 50 USD. The maximum available leverage is 1000:1 and traders are protected through negative balance protection. 

In this evaluation of Windsor Brokers, we’ll analyze account types, trading conditions, safety and security features, and more. In addition, we’ll compare the trading fees of the broker with industry leaders.

Here are the X pros and cons:

  • The broker is licensed in 5 countries, including: Belize, Cyprus, Jordan, Kenya, Seychelles
  • Offers access to MetaTrader 4
  • Fast and digital account opening/verification
  • Offers access to trading CFDs on Stocks, Commodities, Cryptocurrencies, ETFs, Energies, Forex, Indices, and Metals
  • No fees on deposits and withdrawals from the broker’s end
  • Flexible leverage up to 1000:1 
  • Low barriers to entry. Accounts can be opened with as little as 50 USD
  • The trading platform is limited to only MetaTrader 4
  • Number of tradable instruments is low. Traders have access to 212 assets
  • Regulators are not strict

Windsor Brokers Fact sheet

Main features
Regulations Belize, Cyprus, Jordan, Kenya, Seychelles
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 0 USD
Minimum deposit 50 USD
Minimum account activation 50 USD
Number of available assets 212
Leverage up to 1:1000
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, ETFs, Energies, Forex, Indices, Metals
Account currencies USD, GBP, CHF
Demo account Yes
Live account types ZERO, PRIME
Islamic account Yes
Security
Negative balance protection Yes
Part of compensation fund -
Keeps funds on segregated bank account Yes
Assets
Forex 44
Shares 0
Cryptocurrencies 5
Indices 14
Commodities 19
Total 212
Fees & spread
Forex From 1 pips
Shares N/A
Cryptocurrencies From 0.006 pips
Indices From 0.02 pips
Commodities From 0.015 pips
Software
Platforms MetaTrader 4
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, WebMoney
Minimum deposit Bank Transfer, Credit/Debit Card, WebMoney
Minimum withdrawal Bank Transfer, Credit/Debit Card, WebMoney
Withdrawal processing time instant
Time to open an account -
Show all

Safety & Security of Windsor Brokers

Windsor Brokers is a well regulated CFD and Forex broker licensed in various jurisdictions. The fact that the broker is regulated by so many institutions indicates that Windsor Brokers can be trusted. However, it should be noted that none of the regulators are very strict. The full list of regulators that have licensed Windsor Brokers include:

  • The Financial Service Commission (FSC) of Belize. The FSC has licensed the broker for providing brokerage, consultancy, and advisory services, as well as securities trading
  • Windsor Brokers Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license number 030/04. CySEC is a member of the European Securities and Markets Authorities
  • Seldon Investments Ltd. is managing Windsor Brokers in Jordan and is authorized and regulated by the Jordan Securities Commission (JSC)
  • Windsor Brokers International Ltd is regulated by the Financial Services Authority in Seychelles, providing financial services internationally. It should be mentioned that traders from the USA and EEA cannot register with this entity
  • Windsor Markets (Kenya) Ltd is authorized and regulated by the Capital Markets Authority of Kenya (CMA)
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Account types available for traders on Windsor Brokers

To meet the needs of all types of traders, Windsor Brokers offers ZERO and PRIME account types to its clients. Let’s discuss each in more detail.

ZERO account

The minimum initial deposit required to open this account type is 1,000 USD. There are no spread markups on this account. On the other hand, traders are charged with an 8 USD commission per traded lot round turn. Swap-free accounts, also known as Islamic accounts, are not available on this account type. The maximum available leverage is 1000:1. The Stop Out level is set to 20% and traders receive margin call emails at a 100% level. The ZERO account is best suited for active traders as traders who trade frequently prefer low spreads and are willing to pay commissions instead. 

PRIME account

The PRIME account is for beginners and position traders that trade less frequently. There are no commissions on this account, on the other hand, spreads on EUR/USD start from 1 pip. Traders need to deposit at least 50 USD as their initial deposit to be able to open the account. An Islamic version of the account is available. Similarly to the ZERO account, the maximum available leverage is 1000:1, and hedging is allowed. Stop Out is set to 20%, and the margin call level is at 100%. 

Fees & commissions review of Windsor Brokers

Trading fees with Windsor Brokers are average. On the upside, there are no fees on deposit or inactivity, but traders should note that while the broker doesn’t charge clients for funding accounts from its end, some intermediaries might. Online banking and credit/debit card options are free while bank transfers are not.

Comparing Windsor Brokers fees with other brokers

Let’s compare the fees of Windsor Brokers with industry leaders. For the comparison, we took the PRIME account fees. The account has zero commissions, so fees are based on spreads and start from 1 pip on the EUR/USD pair. 

Windsor Brokers fees compared to Interactive Brokers fees

Type of FeeWindsor BrokersInteractive Brokers
EUR/USD SpreadFrom 1 pipFrom 0.6 pips
Fees on DepositsNo1%
Inactivity feeNoNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Windsor Brokers fees compared to CM Trading fees

Type of FeeWindsor BrokersCM Trading
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 15 EUR/USD per month after 60 days of inactivity

Windsor Brokers fees compared to plus500 fees

Type of FeeWindsor Brokersplus500
EUR/USD SpreadFrom 1 pipFrom 0.8 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 10 USD per month after 3 months of inactivity

Windsor Brokers fees compared to XM fees

Type of FeeWindsor BrokersXM
EUR/USD SpreadFrom 1 pipFrom 0.6 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 15 USD after 12 months, +5 USD/m

Windsor Brokers fees compared to AvaTrade fees

Type of FeeWindsor BrokersAvaTrade
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 50 USD after 3 months, 100 USD administration fee after a year

Windsor Brokers fees compared to Capital.com fees

Type of FeeWindsor BrokersCapital.com
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 50 USD after 3 months, 100 USD administration fee after a year

Trading platforms and mobile trading reviewed at Windsor Brokers

Windsor Brokers offers MetaTrader 4 (MT4) to its clients. MT4 is super reliable as it has low hardware requirements and can easily run smoothly on low-budget devices. The platform offers the widest range of trading robots called Expert Advisors (EAs). The EAs are created for trade automation and backtesting. In addition, the broker offers a mobile version of MT4 and a web trading terminal. 

Education and research tools offered by Windsor Brokers

Windsor Brokers offers an extensive range of educational material under the following headings: 

  • Forex Webinars
  • Videos
  • Glossary
  • Ebooks

In addition, tools for research and analysis are also available, including:

  • Analysis
  • Economic Calendar
  • Market Holidays
  • Forex Calculators

Customer support of Windsor Brokers

Windsor Brokers offers professional customer service which is available 24 hours a day, 5 days a week (during workdays). Existing and potential customers can reach customer support via email, over the phone, or using a live chat window straight from the broker’s webpage. 

Conclusion

To sum everything up, Windsor Brokers is authorized and regulated in multiple jurisdictions and therefore is considered safe. Regulator countries include Belize, Cyprus, Jordan, Kenya, and Seychelles. The minimum initial deposit required to open a PRIME account is just 50 USD, and for the ZERO account type, traders need to deposit over 1,000 USD. The broker offers MetaTrader 4 as a trading platform, educational material is extensive, and there are 215 instruments for trading, including CFDs on stocks, commodities, cryptocurrencies, ETFs, energies, Forex, indices, and metals. Overall, Windsor Brokers is an average broker. 

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FAQs about Windsor Brokers

Can I trust Windsor Brokers?

Yes. Windsor Brokers is well-regulated in multiple jurisdictions. The full list of regulators that have licensed Windsor Brokers include:

  • Financial Service Commission (FSC) of Belize.
  • Cyprus Securities and Exchange Commission (CySEC)
  • Jordan Securities Commission (JSC)
  • Financial Services Authority of Seychelles
  • Capital Markets Authority of Kenya (CMA)