Windsor Brokers Review
Broker Reviewed: Windsor Brokers
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Regulation: CySEC, FSA UK, registered with AMF, BAFin
Broker type: STP
Established: 1988
Headquarter: Cyprus
Windsor Brokers is another trusted name in the world of forex trading as they’ve been in the business since 1988. As one of the oldest and largest broker in the world, they have many satisfied “big fish” clients, but can an average trader get great service from this broker? Let’s see several facts about this broker first.
Pros And Cons
Pros
- Tight spreads, especially in Mega and Executive Accounts.
- Fast execution
- Great support with professional and polite staffs
Cons
- Strict rule on confirming credit card. Need to submit various documents
- Limit the number of open trades (30 for Micro and Mini Accounts)
- There are rules that make scalping harder to do.
Windsor Brokers Review – Features Summary
1. Spread
Windsor Brokers is a NDD/STP brokerage, which means you can get low floating spread for forex without paying commission. Note: you still have to pay commission to trade futures.
More about STP: STP Forex brokers send orders directly from clients to the liquidity providers – banks or other brokers. In an STP broker, traders have access to the real-time market quotes and can execute trades immediately without dealer intervention
2. Leverage
Leverage is up to 1:500 in Micro Account.
3. Commission
As an STP brokerage, Windsor Brokers is compensated from the spread, thus no commission is charged to the clients.
4. Minimum Deposit
Minimum deposit is $100 for Micro Account, $250 for Mini, $2500 for Standard, $5000 for Mega, and $250000 for Executive.
5. Trading Platform
Windsor Brokers provides the well known MT4 and MT5 trading platform. The MetaTrader platform is used widely across many brokers and most traders have good experience using it. They also provide MT4 Mobile and MT4 Smartphone for mobile trading.
A special trading platform in Windsor is MT4 Multi-Terminal, which can be used by a money manager to manage multiple accounts at once from a single platform.
6. Regulation
Windsor Brokers is a regulated broker. Here are the details:
- Licensed and regulated by CySec (Cyprus)
- EEA Authorized by the FSA (UK)
- Compliance with the MiFID (EU)
- Registered with the AMF (France) & BaFin (Germany)
- Member of the Investors’ Compensation Fund
7. Other Features
- Allow Expert Advisor under MT platform.
- Allow automated execution
- Allow hedging
- Interest free (Islamic trading account) is available
- Scalping is allowed but there are lot of rules that makes it difficult.
8. Support
24/5 support via live chat, email, call back request, and telephone in 13 languages. Truly a top notch service.
9. Citizenship
Accept clients from various citizenships, including US citizen.
10. Instruments
Over 70 financial instruments, including currency pairs, futures, precious metals, and CFD.
11. Execution type: instant execution.
Windsor Brokers Review – Conclusion
As one of the oldest and largest brokers on Earth, this broker isn’t just a great place for the big investors, but also a good place for any average trader, including novice traders. They provide top notch support, fast execution, good spreads (stay stable eve though the news is about to be released), and use the well known MT4 platform. I highly recommend this broker for both big investors and average traders.
