Windsor Brokers Review
Windsor Brokers was founded in 1988, making it one of the oldest online brokers. With the help of two business units, it provides CFD trading services to clients in over 80 countries worldwide. Cyprus Securities and Exchange Commission (CySEC) regulates the company domiciled in Cyprus. Customers in Europe can obtain services from this division.
Those outside Belize can obtain services through its office in Jordan and business unit in Belize. Jordan Securities Commission and International Financial Services Commission of Belize regulates these two.
Windsor Brokers use MetaTrader 4 as their trading platform, which was very helpful for us to see. A wide range of financial assets is available for trading through the platform, but no cryptocurrencies are available.
The Windsor Broker does away with all tiers and levels in the account section, offering just two types – a beginner’s account and a more experienced account which can also be upgraded to a VIP account.
Is this broker good for your trading needs since everything looks good and they are well regulated? To find out, we will continue to examine this review.
You can find our transparent Windsor Brokers review below. Broker reviews are updated frequently!
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Pros / Cons
- High Leverage
- Low Spreads
- Broker Verified
- No FSCA Regulation
- No ZAR Account Currency
- No MT5
Windsor Brokers Ltd. is a Cyprus Securities and Exchange Commission (CySEC)-regulated firm providing brokerage services to clients in the European Union. It is licensed under license number 030/04 and must adhere to the standards set by ESMA. Clients are guaranteed never to lose more than they have deposited, as negative balance protection is available. Additionally, the broker participates in the Investor Compensation Fund.
The International Financial Services Commission of Belize regulates Windsor Brokers (BZ) Ltd. Additionally, the broker has added a €5,000,000 insurance policy to protect itself from client liability by protecting it from errors, omissions, negligence, fraud, and other risks that may result in financial losses. Under the Jordan Securities Commission’s Company National Number 200168191, the company is regulated by the Jordan Securities Commission through the holding company Seldon Investments Ltd.
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Windsor Brokers was founded in 1988, making it one of the oldest online brokers to clients in over 80 countries worldwide.
The licensing and regulation of Windsor Brokers are generally welcomed.
The fact that offshore or unlicensed brokers have very poor registrations, therefore risky, is countered by additional regulation from other reputable authorities, enabling trading with them. In simple terms, it means that a broker goes above and beyond to comply with regulations while submitting and following all necessary protective measures.
Data protection and a secure trading environment are always provided, as clients’ funds are always held in segregated accounts in top-tier banks.
At Windsor Brokers, you can trade on a wide variety of assets. The broker offers all the basic assets, including forex and shares, but cryptocurrencies are unavailable. However, there is no doubt that they will soon add to their trading platform at least some of the most popular cryptocurrencies. Here are some of the markets you can trade with Windsor Brokers after login:
- Forex: More than 40 forex pairs, including majors, minors, and exotics.
- Indices: 16 Indices offered, which includes DJIA and FTSE 100.
- Shares: Up to 30 major global companies such as JP Morgan and Walmart.
- Commodities: A total of 11 commodities, which includes 5 energies and 6 soft commodities.
- Treasuries: 3 US Treasury notes, including one German Bund.
- Metals: Gold and Silver against several currency pairs.
There are two types of accounts available to Windsor Brokers clients. One is a Prime account, and the other is a Zero account. One could say that Prime accounts are intended for beginners, and Zero accounts are intended for experienced traders.
There is a small $100 minimum deposit for the Prime account, and there are no commissions for the account, with spreads as low as 1.0 pips on major forex pairs. There is a personal advisor as well as training available for clients.
In the Zero account, there are zero spreads and around trips commission of $8. The minimum deposit is $2500. Zero accounts are recommended for active traders with experience, as they do not come with any training, but they will receive a Personal Account Manager.
Traders can also upgrade zero VIP accounts with Zero accounts. The services come with one-on-one meetings with technical analysts and a dedicated client manager.
Accounts outside the European Union have the leverage of 1:500, while accounts within the EU are held to the ESMA imposed leverage of 1:30. If they qualify as professional traders, EU clients can increase this leverage to 1:500.
In addition, Prime accounts can eliminate overnight swaps to become Sharia-compliant due to Islamic rules. For Zero accounts, this option is not available.
Furthermore, traders can test the broker platform and trade conditions with the help of the demo account.
Opening an account
According to CySEC regulations, Windsor Brokers requires all new clients to pass a few basic compliance checks to ensure that they understand trading risks and are allowed to do so. The following will likely be requested when you open an account, so it is a good idea to have them handy:
An electronic copy of your passport, driver’s license, or national identification card in colour
Utility bills or bank statements showing your address from the past three months
To confirm how much trading experience you have, you’ll need to answer a few basic compliance questions, so it’s best to set aside at least 10 minutes.
Windsor Brokers’ platform might be accessible right away. However, please keep in mind you won’t be able to trade until you pass compliance. Depending on your situation, this could take several days.
Windsor allows you to trade in many different currencies. Some of these include:
USD, GBP and EUR.
The MetaTrader 4 trading platform is one of the benefits Windsor Brokers has to offer, as we stated in the introduction of this review. Forex traders have been using it for nearly two decades because it is the best trading platform for forex. Besides being good for CFDs, it has a wide range of features, including:
- More than 30 detailed technical indicators
- Automating trading with expert advisors
- There are various types of orders, such as limit orders and stop-loss orders
- From the Metaquotes community, custom indicators and EAs are available
- It is also possible to trade from anywhere and anytime with MetaTrader 4 because it has a desktop, mobile, and web-based version. In addition, money managers can trade on up to 128 different accounts simultaneously using the MT4 Multiterminal.
- Windsor Brokers does not currently offer the MT5 platform, but it might be part of their product offering in the future.
Spreads and commission
Windsor Brokers offers varying spreads based on the type of account. For example, the EUR/USD spread on Prime accounts is typically 1.5 pip, while the same spread on Zero accounts is 0.2 pip, although it can be zero. Spreads can go as low as 0.03 pips with crude oil, while indexes and stocks are available with zero-point spreads. The spreads are generally competitive and comparable to those offered by other large providers.
As a result of its low spreads, Windsor Brokers provides a fixed round-turn commission of $8, making it a better choice for clients who execute large trades to avoid risky volatility. The spreads on major currency pairs are as follow:
Average Standard Account Spreads on Majors
- EUR/USD: 0.2
- GBP/USD: 0.6
- USD/JPY: 0.4
- AUD/USD: 1.0
- USD/CHF: 0.8
Different fees apply to different account types, and they either come in the form of commissions or spreads. If traders hold positions for longer than a trading day, they will often be charged overnight or swap fees.
Windsor Brokers says that overnight short positions are credited with swaps. A one-month interbank rate minus 2% is used to calculate these rates.
Swaps will be deducted if long positions are held overnight. The rate is calculated by adding 2% to the one-month interbank rate.
On the Windsor Brokers website, traders can find detailed information about the swaps they can expect. In the case of forex, the broker provides a detailed breakdown of each forex pair and the swap long and swap short rates in pips.
Traders following Sharia Law and thus not permitted to profit from or pay interest on open positions can have an Islamic Account with Windsor Brokers.
With Windsor Brokers, you can leverage powerful tool leverage, which is capable of multiplying your initial balance, increasing your potential gains. Leverage may also increase your losses, so learn how to use it correctly.
Professional proven traders or retailers trading with a global entity like Windsor can take advantage of Windsor’s high leverage levels like 1:200, 1:400, or even 1:500. However, if European residents prefer, a lower leverage level of a maximum of 1:30 may be set since ESMA and CySEC both restrict the usage of high leverage.
Deposit and withdrawals
You need to deposit funds to begin live trading, and this can be a simple process since there are numerous deposit methods available.
The Windsor account minimum deposit is 100 dollars for Prime Accounts, while Zero Accounts must maintain 2,500 dollars to access better trading conditions and lower spreads.
The several options for withdrawals and deposits include Card payments and Skrill, Neteller with a 3% fee, and WebMoney with a 0.8% fee. At the same time, the Bank transfers are subject to different fees based on the institution and region.
Education and research
Furthermore, the company places great emphasis on its traders’ knowledge. Therefore, the educational support and analytical data centre remain on hand for traders of all levels while providing a range of solutions.
In general, Windsor Brokers has received numerous awards for its success over the years, attributed to its unmatched services and developments, its growing client base, and good reputation in the industry.
Windsor Brokers provides customer service from Monday through Friday via email, web form, phone, or online chat. In addition, customers can contact the support team in several languages.
Please use the webform to contact support (EU only)
Telephone: +44 3301280930
Please send an email to email@example.com
Contact: +962 6 550 9090
You can reach us by email at firstname.lastname@example.org
(EU) Windsor Brokers Limited
Telephone: +357 25 500 700
Please contact email@example.com
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Windsor Brokers was founded in 1988, making it one of the oldest online brokers to clients in over 80 countries worldwide.
Bonuses and promotions
The Windsor Brokers (BZ) offer a free Prime account of $30 on the day of our review. In addition, customers who open their account with USD as their base currency are eligible for the no deposit welcome bonus, which cannot be transferred or withdrawn. Windsor Brokers’ website has more information on the bonus.
As part of the broker’s deposit bonus program, Windsor Brokers (BZ) will match 20% of the Client’s deposit, up to $10,000. A minimum deposit of $500 is required to claim this promotion, and bonuses cannot be withdrawn.
It should come as no surprise that Windsor Brokers Ltd currently does not advertise any promotions on their website, as CySEC-regulated firms are not allowed to advertise incentives or bonuses.
Thinking of Trading with Windsor Brokers?
How does Windsor Brokers accept funding?
Depending on the Windsor Brokers entity and the Client’s country of residence, the following list of payment methods may not be applicable.
The following funding methods are available to customers of Windsor Brokers: Credit cards, Bank Transfers, American Express, Neteller, WebMoney, UnionPay, CashU, Debit Cards.
Is Windsor Brokers a safe company?
The Cyprus Securities and Exchange Commission (CySEC) regulates and monitors the conduct of Windsor Brokers. Windsor Brokers maintain a segregated bank account for any payments made to its accounts by traders. This is done using tier-1 banks for added security. Tier 1 banks are considered to be the strongest and most financially stable.
Windsor Brokers offers a good choice for beginners and advanced traders with low spreads, a wealth of educational resources, and no deposit bonuses and CySEC regulation. According to our review, the European offering needs to be improved so that it can match the breadth of assets and accounts offered by the BZ branch of the firm
In general, Windsor Brokers’ offerings were pretty impressive. With more than three decades of experience in the industry, it should come as no surprise that they know exactly what they are doing.
Our only issue with the broker is that it does not offer cryptocurrency trading. Furthermore, they could expand their stock offerings, but in all honesty, there are enough assets on offer to keep any trader happy and busy.
MetaTrader 4 is an excellent platform to trade on, and the fees, spreads, commissions, and bank terms are quite reasonable. In the end, we would trade exclusively through Windsor Brokers when they allow cryptocurrencies for trading.
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Heinrich is a forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best forex brokers in Africa. Join him on his Journey!
Content Writer | Market Analyst
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