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Windsor Brokers Review
Windsor Brokers is a provider of forex trading services. Traders can access a wide range of products in a variety of markets, including currencies, indices, and commodities.
- Segregates client funds
- Established in 2005
- Regulated by CySEC
- Min. deposit from $100
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $100 is required for a live account. Windsor Brokers, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by CySEC (Licence: 030/04), all Windsor Brokers client funds are held in a segregated bank account and they work with tier-1 banks. Windsor Brokers was established in 2005 and their head office is in Cyprus.
Before we get into the specifics of Windsor Brokers’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Windsor Brokers’s spreads & fees?
Windsor Brokers, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from Windsor Brokers’s website.
|Forex||Windsor Brokers||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||0 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0.1 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.1 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0.2 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0.1 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||0.2 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0.1 pips||0.5 pips||0.1 pips|
The spreads are variable and are displayed for information purposes.
As you can see, Windsor Brokers’s minimum EUR/USD spread is 0 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with Windsor Brokers vs. similar brokers.
How much does Windsor Brokers charge to trade 1 lot of EUR/USD?
You would likely spend $9.5 if you bought one standard lot of EUR/USD (100k units) with Windsor Brokers at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB..
|Spread from:||$ 0.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 8.00||$ 6.00||$ 2.00|
|$2 less||$5 less|
|VISIT WINDSOR BROKERS||VISIT IG||VISIT XTB|
Fees and quotes are displayed for information purposes and could change.
What can you trade with Windsor Brokers?
More than 100 different instruments, including 45+ currency pairs, are available to trade at Windsor Brokers. Below, we’ve summarised all of Windsor Brokers’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
|FX / Currencies||Windsor Brokers||IG||XTB|
|# of forex pairs offered||45+||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Windsor Brokers||IG||XTB|
|# of commodities offered||21||34||21|
|Index & Stock CFDs||Windsor Brokers||IG||XTB|
|# of stocks offered||56||8000||1606|
|SEE WINDSOR BROKERS’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the Windsor Brokers trading experience like?
1) Platforms and apps
The popular MT4 forex trading software is available from Windsor Brokers. See our MT4 broker comparison for a list of the best MT4 brokers. They also offer their Gwazy platform, which is unique to them. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
SEE WINDSOR BROKERS’S PLATFORMS
Still not sure?
Open a demo account and learn how to trade.
2) Executing Trades
You can trade as little as 0.01 Lot with Windsor Brokers. Depending on the account you open, this may differ. Maximum trade size also depends on the account type. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Windsor Brokers offers STP execution.
Windsor Brokers, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that Windsor Brokers provides to its traders.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Micro account
- Mini account
- Standard account
- Managed account
- Islamic account
- Credit cards
- Bank Transfer
- American Express
3) Client support
Windsor Brokers offers support in many languages like English, Chinese, and Arabic.
4) What you’ll need to open an account with Windsor Brokers
Because Windsor Brokers is regulated by CySEC, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
To begin the on boarding process with Windsor Brokers, you can go to their website.
79% of retail investor accounts lose money when trading CFDs with this provider.