Windsor Brokers Review

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Windsor Brokers is a well-established, experienced and regulated online trading brokerage that offers you a wide variety of financial instrument across different asset classes for trading online via modern and intuitive platforms. They also have a good variety of advanced trading tools which help ensure that you can conduct detailed market analysis across all of your favourite charts. Beginners are looked after with a collection of handy educational materials including trading guides and videos to help you get started. However, I dint find them to have the cheapest trading fees when compared to some discount brokers. You also need to have an account with large deposits in order to get the best trading conditions. None the less, they do have free demo accounts if you want to get a feel for the broker before making a financial commitment.

Summary

Established in 1988 with a mission to give everyone easy access to the global markets, Windsor Brokers has grown to become a reputable investment firm that provides you with forex and CFD trading on gold, oil, soft commodities, shares, indices and more. I like how the broker has thousands of instruments for trading on the sophisticated AMO trading platforms and over 100 on the ever popular MetaTrader 4 (MT4) platform. You can choose from a good variety of account types, with low spreads and a reasonable commission fee or have the commission included within the spread.

Windsor Brokers states that its strategy of investing in technology and human capital, along with its determined focus on its mission, has been the reason behind its success and survival over the years. The broker head office is located in Cyprus with subsidiaries in Jordan, London and Belize. I appreciate how the broker is also into sponsorships in line with its corporate social responsibility. I think they could improve in some areas, such as extending support hours and not requiring a larger deposit for access to the account with the lowest spreads. Other than that, they could certainly be worth consideration for anyone looking to trade online in a regulated environment with plenty of possibilities at your fingertips.

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Regulation

When it comes to choosing a broker, regulation is one of the first things that I look for. This is because regulated brokers must operate in an honest and fair manner to comply with the regulators. I am pleased to see that Windsor Brokers are very well regulated in multiple jurisdictions and therefore, I personally wouldn’t have any issues trusting them. The broker is committed to maintain the highest standards of ethical behaviour, professionalism, integrity, as well as a high level of trust and confidence. Just keep in mind that the level of protection and available features can differ depending on the regulator that you sign-up under.

• Windsor Brokers Ltd is a Cypriot Investment Firm that is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC)
• Winsor Brokers (BZ) Ltd is authorised and licensed by the International Financial Service Commission (IFSC) of Belize
• Windsor Brokers (SC) Limited, is licensed and regulated by the Financial Services Authority (FSA) in Seychelles
• Windsor Markets (Kenya) Limited, is licensed and regulated by the Capital Markets Authority (CMA)
• Windsor Brokers offer its services to Jordan and the Arabic region through “Seldon Investments Ltd” which is authorised and regulated by ‘Jordan Securities Commission’ (JSC)

Funds

Windsor Brokers also segregates all clients’ funds and banks it with the top-rated banks. This is in compliance with the regulatory stipulations. I like how the accounts are banked in such a way that even if the broker suffers a financial crisis or declares bankruptcy, the segregated funds should not be used to pay off its debts, rather they should be used to refund eligible client deposits.

The broker is fully compliant with the EU ‘Markets in Financial Instruments Directive’ (MiFID), which authorizes it to provide its services across the EEA (European Economic Area).

Windsor brokers Ltd is a member of the ‘Investors Compensation Funds’ (ICF). If in the future, Windsor brokers become insolvent, the ICF can pay compensations to eligible traders and investors. However, I strongly suggest going through the terms and conditions for any suspicious clauses.

Countries

Windsor Brokers does not provide its services to clients from USA, Japan, Belgium and Belize. If your country is not accepted by them for any reason, I recommend checking out our broker comparison tool for some possible alternatives.

Platforms

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is a powerful trading platform built for speed and flexibility. Designed to run on multiple devices, MT4 has unofficially become the ‘global standard’ in the forex trading industry. It was designed by ‘MetaQuotes Software Corp’ in 2005. Though it has a successor (MT5), MT4 has remained one of the top trading platforms amongst forex/CFD traders and brokers alike. However, you can check out Admirals if you want to use the MetaTrader 5 (MT5) platform instead.

MetaTrader 4 (MT4) Platforms

I have used MT4 for many years and find it to be the ideal platform for analysing charts and running automated trading systems. I have never felt the need to switch to any other platform because it already does everything that I need it to and much more. Whatever your prior trading experience, I don’t think anyone would have any problems using the platform to analyse the markets, place and manage trades. One of the biggest advantages of the Mt4 platform is that it is so readily available, you will have plenty of other brokers to choose from should you decide to switch providers down the line. This can save from the hassle of needing to learn a new platform from scratch.

Windsor Brokers provides the MT4 platform as follows:

MT4 WebTrader

This version runs only on the web browser making it compatible with all devices and all operating systems. This is beneficial as it does not require downloading and installing any additional software. However, it is lacking some of the desktop features such as automated trading.

• Trade on any computer, OS & browser
• Access to full account histories
• One-click trading
• 3 chart types and 9 timeframes
• Advanced charting tools

MT4 Mobile App

This comprises of the Android and iOS mobile apps that can be downloaded from the respective app stores. I am a big fan of using trading apps to access my account, manage trades and follow the market news whenever I feel like it.

• Monitor account status and track trade history
• Full MT4 Account Functionality
• 3 chart types and 9 timeframes
• 30 pre-packaged technical indicators
• Full set of trading orders

MT4 Desktop Terminal

This is the main downloadable version of the MT4 designed to run on Windows computers. If you are looking for all of the bells and whistles, this would probably be the platform for you. It is also required if you wish to run automated strategies in MetaTrader.

• Over 100 instruments available
• Expert Advisor functionality
• One-click trading
• Spreads as low as 0 pips
• 50 technical indicators

MT4 Multiterminal

You can conveniently access, trade and manage all your accounts from one place, using Windsor’s MetaTrader 4 Multiterminal. This can be advantageous for those of you who are money managers and trading different strategies across multiple accounts. It is great to be able to access all accounts so easily from the one terminal compared to having to constantly switch between accounts.

• Manage +100 accounts at once
• One-click execution for all accounts
• Multiple order types
• Three allocation methods
• Management & execution in real time

MT4 Features

Here are some of the core features of the MT4 platform:

• User friendly, customisable layouts, charts, windows and colours to match the traders’ preferences
• Live quotes of all the tradable assets are displayed in real time on the ‘market watch’ window which can be customised to show on the traders’ favourite instruments
• 3 chart styles which can be stretched over 9 timeframes from M1 to MN for a detailed overview of the market
• Preloaded with 30 technical indicators which can be extended to thousands using plugin apps
• 24 analytical tools which are useful in conducting in-depth technical analysis
• Supports the development, back testing and deployment of expert advisors (EAs) for automating your trading strategies
• Access to the MQL5 market where traders can buy EAs, indicators and tools which can enhance your overall trading experience
• Supports one-click trading so you can quickly place your trades
• Supports multiple order types and risk management tools like Stop Loss, Take Profit, etc
• Save time with alert notifications via platform popups, SMS and email

Windsor Brokers App

You can join the next generation of traders with the intuitive and sleek Windsor Brokers app that is designed especially with the modern traders needs in mind. It makes it a pleasure to stay informed on the latest market movements, analyse your trading performance, and manage your account with ease.

Windsor Brokers App

Get Instant Notifications and Market Updates

• See live prices and trend lines on all major instruments
• View technical charts and market sentiments
• Get breaking news and exclusive insight from our industry analysts

Assess and Improve Your Performance

• Review key account metrics and get a better understanding of your trading performance
• Monitor your profit and loss ratio
• Break down your trades by asset class and instrument

Manage Your Account Seamlessly

• Deposit and withdraw funds through a wide range of payment providers
• Get direct access to the MT4 trading platform
• Tailor your push notifications and only receive what is important to you
• ‘Favourite’ your preferred instruments for easier navigation
• Switch between light and dark mode
• Open and manage your account directly through the app if you are a new user

Tools

I actually feel that the brilliant platforms which are provided have more than enough tools built-in to meet the demands of most traders. You can choose from plenty of indicators to setup trading strategy templates as complex or simplistic as you like. That being said, it is always good to see a broker like Windsor who provide you with a good selection of additional trading tools to help enhance the overall trading experience.

Forex Calculators

You can get support for your trading with a complete array of financial calculators. Windsor Brokers provide the following calculators:

Profit Calculator

Measure the profit or loss of a trade based on your trading account’s base currency, opening trade price, trade direction, trade size, and closing trade price. Windsor’s Profit calculator supports more than 16 currency pairs. You can also calculate the profit/loss of an instrument that is not supported by simply manually input the opening and closing price.

Margin Calculator

Calculate the margin needed to open and hold positions according to your trading account base currency, currency pair, margin ratio, and trade size. Use the Margin calculator to monitor your trading account’s balance and so avoid any over exposure that might lead to margin call or, in some cases, being stopped out.

Pip Calculator

Determine the value per pip in your base currency and monitor your risk per trade with more accuracy using the Pip calculator. Windsor’s Pip Calculator supports over eight base currencies and over 15 currency pairs. The values are based on real-time currency exchange rates.

Fibonacci Calculator

Use the Fibonacci calculator to generate retracement and extension levels in up and down trends. Fibonacci levels are used by traders to indicate potential significant support, resistance, and extension price points. The Fibonacci levels are calculated based on your choice of the latest trend’s highest and lowest values.

Pivots Calculator

A Pivot Point is a significant price level that is used by traders as a predictive indicator of market movement. It is calculated as an average of several prices (high, low, open, close) extracted from the prior trading period. Use the pivot point calculator to identify key support and resistance price levels. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.

Economic Calendar

The customisable economic calendar is an important tool in fundamental analysis. I like this tool as it shows the exact date and time a company release, news, event, etc will take place as well as its forecasted impact on the markets. Several other factors are considered including history, politics, etc. You can also place or manage positions according to the liquidity or volatility expected around the period of the event. This is commonly known as news trading and is one of my favourite ways of analysing the market. I always like to check for any pending news before making a trade decision.

Technical Analysis

This is provided by the in-house team of experts at Windsor Brokers. They provide frequently updated market analysis on selected instruments with trading signals and trading ideas. I think this can be good for those of you who are looking for some inspiration and want to learn from the experts. I had a quick look through and was actually made aware of some possible setups that I may have otherwise overlooked.

Market News

This is updated several times a day by the in-house team. One of the best parts of this tool is that you have the option of trading directly from the news article. I really like this feature as it is pretty unique and I haven’t seen any other broker do it as of now.

Education

The Windsor Brokers website features a training academy organised into 8 topics and a total of 70 lessons. However, I don’t like how it is only available to registered clients. The lessons cover forex trading, stock trading, CFD trading, market analysis, trading psychology, trading signals and more. I like how the video lessons are very short (less than a minute), animated, clear and concise. Your progress can also be measured as you make your way through the lessons. There is a selection of eBooks that are available for reading in your own time. Webinars are scheduled on the website from time to time. Recorded videos of previously conducted webinars are available just in case you miss any of them. A glossary of over 180 trading terms and their explanations are also featured on the website. All in all, there is a generous amount of educational content for all traders to improve their knowledge of the market and trading skills.

Markets

Windsor Brokers offers a variety of CFD instruments. Contract for differences (CFDs) are contracts that are tradable between clients and a broker.  When trading a CFD, there is an exchange of the difference in value (current value and value at the end of the contract) of a certain instrument. These can be CFD shares, indices, commodities, currencies, treasuries, precious metals, cryptos, etc.

One of the biggest advantages of trading CFDs is that traders may speculate on price movements without the need to physically own the underlying assets. Traders will usually buy or sell a number of units depending on whether they think that the price of the financial instrument will increase or decrease.

Forex

Trade 45+ currency pairs with ultra-low spreads.

Indices

Trade leading global indices like the S&P 500 & NASDAQ.

Commodities

Trade Commodity CFDs like coffee & Soybeans.

Shares

Trade share CFDs of the largest global corporations.

Energies

Trade energy CFDs like crude oil & natural gas.

Cryptocurrencies

Trade popular crypto CFDs such as BTCUSD & ETHUSD.

Treasuries

Diversify your portfolio with bond CFDs.

Metals

Trade CFDs on precious metals such as gold & silver.

ETFs

Exchange Traded Funds including QQQ ETF & IWM ETF.

Accounts

I was pleased to see that the broker has a nice variety of account types to choose from. The account type available to you can depend on your country of residence and your trading capital. That being said, I think there are accounts for all trading strategies, including scalping, news trading and automated systems. Although the broker has a minimum deposit of just $100, that will only get you access to the prime account which doesn’t have tight spreads compared to the zero account. That might not be an issue for you if you are not planning to using scalping strategies. If like me you are, then you will probably want to look at the zero-trading account. Whilst that does have spreads from as low as 0.0 pips, it requires a much greater minimum deposit of $2,500. I would like to see the broker make all account options available to all traders, regardless of their investment size. If you do want zero spreads but have a lower capital to start with, XM Group have raw spread accounts and a minimum deposit of just $5.

Prime Trading Account

• $100 Minimum Deposit
• Spread from 1.0 pips on Majors
• 1:500 Max Leverage
• NO commission
• 0.01 minimum trade volume
• 50 Lot restriction per ticket (FX)
• Hedging allowed
• Islamic / SWAP Free allowed
• Negative Balance Protection
• Personal Account Manager
• Training provided
• Stop out at 20%
• Margin call at 100%

Zero Trading Account

• $2500 Minimum Deposit
• Spread from 0 pips on Majors
• 1:500 Max Leverage
• $8 commission round turn (minimum trade volume)
• 50 Lot restriction per ticket (FX)
• Hedging allowed
• Islamic / SWAP Free NOT available
• Negative Balance Protection
• Personal Account Manager
• NO training provided
• Stop out at 20%
• Margin call at 100%

VIP Zero Account

This account is strictly designed for professional traders with the relevant trading capital. It is only available to ‘Zero trading account’ holders who wish to upgrade. The account comes with lower commissions, dedicated account manager and personal sessions with Windsor Brokers’ technical analysts.

Demo Accounts

Demo accounts are available for practice purposes. This come preloaded with a capital of $50,000 in virtual currency. A demo account can be useful to test the brokers different trading platforms and practice your trading strategies before making a commitment. I always like to see what a broker can do for me by testing them on a demo account to begin with.

Islamic Accounts

It is great to see the broker support traders of the Muslim faith with the swap-free Islamic account options. This complies with Sharia law and requires the prime trading account option. This means that if you are looking for an Islamic account, you won’t get access to the zero-spread option.

Support

Windsor Brokers has an award-winning customer support team that is always available 24/5 to give support to their clients. However, I would’ve really liked to see them offer support 24/7 like other top brokers such as Plus500. One of the fastest ways to reach the team is by chatting with them using the online chat on the Windsor Brokers website. They are also available via phone, fax and email. You can find them on social media via Facebook, Twitter, YouTube and LinkedIn. It is always comforting to see a broker that has a social presence as it shows they are open to customer feedback, both positive and negative.

Funding

You will find that the broker has a generous selection of account funding options. This makes it quick and easy to make deposits or withdrawals, according to your own preferences. I like the availability of digital wallets as I find this to be one of the fastest ways for me to get access to my funds. This is vital in case there is a market event that I want to try and capitalise on. In this instance, it wouldn’t be ideal to sit around waiting days for a bank transfer to clear. I think they could improve by adding support for crypto funding in the future, should the regulators allow.

Credit Card

Deposits by Credit Card must be withdrawn back to the same Credit Card if a withdrawal is requested within a period of six months from the deposit time. In case the 6 month period for credit card withdrawal lapses, the client should provide a bank statement in order for Windsor to be able to send the funds back to a bank account in their name, preferably the bank used when depositing.

Electronic Funding

You may be required to access your payment provider to continue your transaction. Make sure you have your credentials ready. Deposits by E-wallets (Neteller, Webmoney, Skrill) must be withdrawn back to the same E-wallet.

Wire & Money Transfer

Using this method you may need to visit your bank or the money transfer provider to process your transaction. Funds must be withdrawn back to the same bank account used when depositing.

Conclusion

Windsor Brokers is an established and regulated online broker that has won multiple awards for the quality of their services. With its years of experience, the brokerage has proved its strength and reliability. As a regulated brand, I like how it has put in place the required security measures to help ensure that your funds are protected.

The platforms available are sophisticated and apposite for experienced traders as well as new traders. The range of tradeable assets is impressive, with something for everyone to trade regardless of your interests. Whilst you only require $100 to commence live trading, it won’t get you access to the low spreads. If that doesn’t other you than the trading conditions on the other account are very similar. There are flexible account funding options including digital wallets.

I appreciate how Window Brokers analysts are hardworking; providing daily analysis, trading signals, market news and also facilitating trader webinars. There is a plethora of insightful analysis and educational content within your reach. The demo account option is also a great way to get a feel of what you can expect from the broker.

However, I do feel there is some room for improvement. I don’t like how the broker charges deposit and withdrawal fees. They have no standalone social trading platform or managed portfolios. You could take a look at eToro is that is something you are looking for. They also require a large deposit to get the best trading conditions they offer.

Despite those minor niggles, I think they can be a good broker for anyone who wants no-nonsense access to the markets in a regulated environment with expert analysis and handy tools included.

$100

Windsor Brokers is an experienced and regulated brokerage firm that offers a wide variety of assets for trading on modern platforms. They offer excellent market analysis, trader education and powerful tools. However, the fees are not the cheapest and the best account conditions require larger deposits.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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Trading Brokers
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