Windsor Brokers review
This broker was not featured in our 2020 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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Trading Forex has become a very popular form of investment for many people. And in order to fulfill the demand there are an ever increasing number of Forex brokers. For many it will be no problem choosing a broker who is a relative newcomer. But there will also be a number of traders who would much prefer to trade with a broker that has been in the business for more than a couple of years. For those of you reading this review that fall into such a camp we’re pleased to introduce Windsor Brokers.
Windsor Brokers has been around since 1988, and its main office is located in Limassol, Cyprus. As such it is licensed and regulated by CySEC, and it is also licensed and regulated by the Financial Conduct Authority in the UK. On top of that it also operates in accordance with MiFID, so anyone considering signing up for an account with Windsor Brokers, can be pretty confident they are dealing with a professional broker. Windsor Brokers have also received some notable awards. At the 7th Saudi Money Expo and Conference held in 2014 the company was awarded the Best FX Technology Award. It was also the winner of the 2014 Business Excellence Award by the Cyprus International Business Association.
|Forex, indicies, commodities, shares|
Windsor Brokers have a wealth of different accounts
Windsor Brokers have decided to try and cater to the needs of a far wider audience than many other Forex brokers. There is a table on the site that compares all 7 different options, but we’ll also try and look at a few of them here.
There is a Micro account as well as a Mini account that are the perfect choice for traders with limited funds, and those who prefer to focus on Forex and certain CFD instruments. Minimum deposit for a Mini account is $250 USD, and for a Micro account it is $100. Spread is 1.6 for the Micro and can be as low as 1 pip in the Mini account. Leverage also varies from 1:500 for the Micro, and up to 1:400 for the Mini.
There is a Mega account with a minimum deposit of $3,000 that is aimed at traders who want to control risk exposure. Spreads are as low as 1 pip, and up to 1:400 leverage is offered. For traders who want to trade the full range of instruments with no limitations, there is the Standard account. Minimum deposit is only $2,500, spreads are as low as 2 pips, and leverage of up to 1:500 is offered.
There is also an Executive online trading account with a minimum deposit of $250,000, a binary option account, a Dynamic STP online trading account, and a Dynamic Fixed Spread account. Some new traders may find such a wide choice rather confusing, but the comparison site they provide is very helpful. There is also the option of opening each type as a demo account, so traders can try out all the features and test each account before real money trading.
Heaps of great features at Windsor Brokers
We spent some time looking at Windsor Brokers website, and found it rather pleasing on the eye. As well as being really well organised so we never had a problem finding anything out. And we were really impressed with the number of different features, such as Sawa, their very own social trading network.
Windsor Brokers have made the most popular trading platform available for clients who prefer to use it, but have also gone to the trouble of developing their own. Gwazy is a web trading platform that is accessible through any web browser, Mac or PC. Users are able to follow trends, check prices, place orders, manage open investments, as well as keep close track on their account.
Windsor Brokers aim to get their clients well educated in the ways of trading
There is plento to offer traders, of all experience levels. The education centre includes an economic calendar, daily reports on the market, seminars, webinars, and informative videos. There are also tutorial videos to help newcomers get to grips with the various trading platforms. Once you open a live account there is even more on offer, such as an in-depth video about Fibonacci numbers, candlestick trading, and advise on how to control and manage risk.
A wide range of deposit and withdrawal methods are accepted such as credit and debit cards, Neteller, Skrill, and bank wire transfers. Withdrawals have to be made with the same method that was used for making a deposit.
Should a trader need to get in touch with customer you can contact this department via live chat, telephone, email, by post, or by requesting a call back.
We found Windsor Brokers to sometimes be a little challenging, which was all down to the number of choices, but not everyone reading this will feel the same. On the whole there was nothing negative we could say about this particular broker. With the choice of so many different demo accounts, we’d advise you all to give it a try.
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