Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information Windsor Brokers Review Summary in 10 Points Founded 1988 Registered Country/Region Cyprus Regulation CYSEC Market Instruments CFDs on forex, spot metals, spot commodities, spot indices, shares, ETFs Demo Account Available Leverage 1:30 EUR/USD Spread 0.2 pips Trading Platforms MT4 Minimum deposit $100 Customer Support 24/5 multilingual live chat, phone, email What is Windsor Brokers？ Windsor Broker Ltd, founded in 1988 and headquartered in Limassol, Cyprus, is an European brokerage firm that has been providing financial services to retail, corporate and institutional investors worldwide for many years, offering a wide range of financial instruments, including Forex, commodities, indices, and shares, as well as a variety of trading platforms and trading tools. Windsor Brokers Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC, No. 030/04). In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • Regulated by CySEC • Difficulties with withdrawals reported • Negative balance protection • Limited payment methods • Wide range of trading tools • Clients from the USA, Japan and Belgium are not accepted • MT4 for all devices • Limited info on accounts • Low spreads and commissions • Wide product portfolios • Demo accounts available Windsor Brokers Alternative Brokers There are many alternative brokers to Windsor Brokers depending on the specific needs and preferences of the trader. Some popular options include: BlackBull Markets - offers a range of trading instruments and account types, but has limited educational resources and customer support options. Eightcap - offers a variety of trading platforms and a good selection of educational resources, but some users have reported slow withdrawal times. FOREX TB - provides a user-friendly platform, strong customer support, and educational resources, but has limited trading instruments available. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is Windsor Brokers Safe or Scam？ Regulation by a reputable authority like Cyprus Securities and Exchange Commission (CySEC) is a positive factor indicating that Windsor Brokers is a legitimate broker. Additionally, the fact that they offer negative balance protection is also a plus for traders. However, the reports of some users having difficulty withdrawing funds is a cause for concern and suggests that the broker may have some operational issues that need to be addressed. Therefore, it is important to exercise caution and conduct thorough research before deciding to trade with Windsor Brokers. Market Instruments CFDs on forex, spot metals, spot commodities, spot indices, shares, ETFs are all available at Windsor Brokers. The broker allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade with Windsor Brokers. Accounts Demo Account: Windsor Brokers provides a demo account that allows you to try out the financial markets without the risk of losing money. Live Account: Windsor Brokers does not provide much real account information, so how much is require for the minimum initial deposit is not clear yet. Leverage The maximum leverage offered by Windsor Brokers is only 1:30, which may seem too low to you. Margin requirements for professional clients based on 1:100 leveraged accounts. Other leverages are available to Professional Clients only. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less. Spreads & Commissions It is commendable that in the trading instruments interface, Windsor Brokers provides a detailed table showing the spreads, margin requirement, pip value, and stop levels of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission per Lot Windsor Brokers 0.2 pips $0 BlackBull Markets 0.8 pips $6 Eightcap 0.6 pips $3.50 FOREX TB 0.7 pips $0 Note: Spreads can vary depending on market conditions and volatility. Trading Platforms Windsor Brokers offers traders the popular MT4 trading platform for PC, Mac, WebTrader, Android, iPhone, Android Tablet and iPad, which is ideal for all traders, whether they are professional traders or beginners. MT4 trading platform features powerful charting capabilities, a large number of indicators and algorithmic trading features, a user-friendly interface, a dynamic security system, and multi-terminal functionality. The platform supports computer, multi-account terminal, web, mobile, and tablet terminals. See the trading platform comparison table below: Broker Trading Platforms Windsor Brokers MT4, WebTrader BlackBull Markets MT4, MT5, WebTrader Eightcap MT4, MT5, WebTrader FOREX TB MetaTrader 4 Trading Tools Windsor Brokers provides a variety of trading tools to its clients to help them make informed trading decisions. These tools include market analysis and commentary, an economic calendar, and information on market holidays. Additionally, the broker offers several Forex calculators, such as Profit, Margin, Pip, Fibonacci, and Pivots calculators, which can be useful in managing risk and determining potential profits. By providing these trading tools, Windsor Brokers aims to empower traders with the necessary knowledge and resources to navigate the financial markets. Deposits & Withdrawals In terms of deposits and withdrawals, Windsor Brokers offers these payment methods: Credit/debit cards (Visa/MasterCard), WebMoney, Wire Transfer, Neteller and Skrill. Windsor Brokers minimum deposit vs other brokers Windsor Brokers Most other Minimum Deposit $100 $100 The broker does charges fees for deposits and withdrawals, which vary on the payment method. All deposits are processed on the same day, while most withdrawals can be processed on the same day with the exception of wire transfer withdrawal. More details concerning deposit/withdrawal fees and processing time can be found in the table below: Payment Options Fee Processing Time Deposit Withdraw Deposit Withdraw Credit/debit cards (Visa/MasterCard) 3% $/€/£3/transaction Same day Same day WebMoney 0.8% 0.8% Wire Transfer Vary Vary $0-30 Vary Neteller 3% $/€/£3/transaction Same day Skrill 3% 1% - min $/€/£3£ See the deposit & withdrawal fee comparison table below: Broker Deposit Fees Withdrawal Fees Windsor Brokers Vary on the method Vary on the method BlackBull Markets None None Eightcap None None FOREX TB None None Note: It's important to keep in mind that fees may vary based on the payment method and currency used. Please refer to the broker's website for the most up-to-date information. Customer Service Below are the details about the customer service. Service Hour: 24/5 Live Chat/Fill in Contact Form Email: support@windsorbrokers.eu Phone: +357 25 500 700 Fax: +357 25 500 555 Address: Spyrou Kyprianou 53, Windsor Business Center, 3rd Floor, Mesa Geitonia, 4003 Limassol, Cyprus, Or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Instagram, YouTube and Linkedin. Overall, Windsor Brokers' customer service is considered reliable and responsive, with various options available for traders to seek assistance. Pros Cons • 24/5 multilingual customer support • No 24/7 customer support • Multi-channel support • Live chat available • Quick response time for customer inquiries Note: These pros and cons are subjective and may vary depending on the individual's experience with Windsor Brokers' customer service. Education Windsor Brokers offers a variety of educational resources to help traders improve their skills and knowledge. They have a video library that covers topics such as technical analysis, risk management, and trading strategies. They also have a glossary of trading terms and an ebook library that covers a range of topics such as trading psychology, fundamental analysis, and more. These educational resources are available for free to all clients of Windsor Brokers. User Exposure on WikiFX On our website, you can see that some users have reported unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Conclusion Windsor Brokers is a regulated broker that offers access to multiple markets and trading platforms, as well as a range of trading tools and educational resources. The broker's negative balance protection is a positive feature that helps protect traders from incurring losses beyond their deposited funds. However, some users have reported difficulties with withdrawals, which may raise concerns about the broker's reliability. Overall, Windsor Brokers appears to be a reputable broker that offers a good range of services, but potential traders should carefully consider the reported withdrawal issues before deciding to open an account. Frequently Asked Questions (FAQs) Q 1: Is Windsor Brokers regulated？ A 1: Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC). Q 2: At Windsor Brokers, are there any regional restrictions for traders？ A 2: Yes. It does not accept clients from the USA, Japan and Belgium. Q 3: Does Windsor Brokers offer demo accounts？ A 3: Yes. Q 4: Does Windsor Brokers offer the industry-standard MT4 & MT5？ A 4: Yes. It supports MT4. Q 5: What is the minimum deposit for Windsor Brokers？ A 5: The minimum initial deposit to open an account is $100. Q 6: Is Windsor Brokers a good broker for beginners？ A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.