This is a complete review of Windsor Brokers.
Windsor Brokers is a trading platform that allows you to trade forex and CFDs.
The company has been around for over 30 years, having been founded in 1988.
It is also a regulated broker with different awards dating back to 2010.
In this review, I will share with you all you need to know about Windsor Brokers.
Let’s get started!
Post Summary
Here is the list of what I will cover:
- An Overview Of Windsor Brokers
- Special Features
- Types Of Trade
- Traded Instruments
- Account Types
- How To Open A Windsor Brokers Account | Promotions
- Trading Platforms |Deposit And Withdrawal Methods
- Customer Support And Public Opinion
- Pros And Cons
- FAQs
- Conclusion
Click on any of the items to take you straight to the content.
An Overview Of Windsor Brokers
Windsor Brokers is a global financial broker for forex and CFDs.
It was established in 1988 by a prominent businessman, the late Nicolas Abuaitah, and is currently run by his son, Johnny Abuaitah.
The company is headquartered in Limassol, Cyprus, where it received its first license from the Cysec in 2004.
Over the years, Windsor Broker has grown to become a well-known investment firm and has secured multiple licenses from different countries.
It offers varieties of forex pairs and other asset classes, including metals, indices, ETFs, crypto, and more.
This company has €5,000,000 in insurance as part of its core principles to protect customers’ funds at all times. Super impressive!
That’s about the company in a nutshell. However, we’re just getting started.
Special Features
- 100+ tradable assets
- Tight spreads
- Supports MT4
- Demo account
- Forex calculator
- Advanced charts and trading tools
- Up to $10,000 deposit bonus
- Easy-to-use mobile app
- Multiple payment methods
- Free educational resources
Types Of Trade
2 different trading types are available on Windsor Brokers:
1. Forex
Forex is the largest financial market in the world, with an average daily trading volume of over $5 trillion. Wow!
Now, in case you are a newbie, forex is short for “foreign exchange.”
It is a type of trading where you buy and sell one currency for another so as to profit from their price movement.
Currency pairs are used to trade forex, for example, EUR/USD. Gratefully, WindsorBrokers offers 40+ currency pairs (check the next section).
Typically, to profit from forex, traders take a short or long position according to how they believe the market will move in their favour.
2. CFDs
CFDs are contracts that let traders speculate on an asset’s price movement without actually owning the underlying assets.
It is short for “Contract for difference”.
Here, only price differences are settled at the end of the contract.
CFDs can be tied to shares, indices, commodities, currencies, treasuries, crypto markets, etc.
Luckily, Windsor Brokers gives traders access to a variety of CFD instruments.
Read on to find more details!
Traded Instruments
Traders have access to more than 100 assets, all of which fall under the trading types already discussed.
Forex
There are 40+ currency pairs available, including the major traded currency pairs:
- EURUSD
- USDJPY
- GBPUSD
- USDCAD
- USDCHF
- AUDUSD
- NZDUSD etc.
CFDs
Here you can trade more than 50 instruments from a variety of top-tier asset classes:
- Commodities: Up to 13 commodities, including UK crude, corn, sugar No. 11, natural gas, etc.
- Indices: 19 in number including US SP500, US Nasdaq, Dow Jones, etc.
- Metal: Gold and silver. There is also the option to trade gold as spot
- Treasuries: German Bund Futures, 2 Yr US Treasury note, plus two other assets
- Currencies: 5 currencies including the Australian dollar, Swiss franc, Euro Dollar, British Pound and Japanese Yen.
Other asset classes include shares, ETFs, and cryptos.
Account Types
There are two types of live accounts:
1. Prime Trading Account
This account type is suitable for beginners.
Also, a minimum deposit of $50 is required to access this account. Other benefits include:
- Commission free
- Spread starts from 1.0 pips
- Free training
- Supports swap-free or Islamic account
2. Zero Trading Account
On the other hand, this account type is designed for pro traders.
It requires a larger deposit of $1000 in order to gain access and has a 0 pip spread.
Also, unlike the prime account, this account type has an $8 commission fee, does not support free training, and is not a swap-free account.
However, both account types have the following in common:
- 1:1000 max leverage
- 0.01 minimum trade volume
- 50 lot restriction per ticket
- Supports hedging
- Negative balance protection
- Stop out at 20%
- Margin call at 100%
And of course, there is a demo account if you are not yet ready to perform live trades.
Continue to the next section!
How To Open A Windsor Brokers Account |Promotions
Registering an account with this broker is that simple. All you need is your email, phone number, and password.
Here are the steps:
- Visit Windsor Brokers and click on “Open Account”
2. Fill out the registration form and click “Sign up”.
3. You will receive a verification email and after you have confirmed it, go back to Windsor Brokers and click on “Login”.
That’s it!
Note:
- Windsor Brokers is available in all countries except the USA.
- If you are opening a live account, you may also be asked to provide further personal details, such as your address and birth date.
Promotions
Now, promotions are a sort of perk offered to users with a Live account.
However, not all supported countries are entitled to them.
The promotion packages include:
- $30 welcome bonus on Prime account
- Up to $10,000 deposit bonus (a 20% bonus is apportioned on each deposit)
- A loyalty programme that makes a user eligible to earn trading rewards
- $180,000 trading challenge
Read on for more information!
Trading Platforms |Deposit And Withdrawal Methods
Trading Platforms
Windsor Brokers uses the well-known MT4 trading platform, which is ideal for traders of all experience levels.
It not only features charts, indicators, and advanced trading tools but is also user-friendly.
Thankfully, you can interact with MT4 directly on Windsor Brokers via the “Web trader” option.
You can also connect to MT4 by installing the Windsor Brokers app from the website. It is available for desktop, mobile, and tablet.
Payment Methods
There are about 5 payment methods available:
- Credit|debit cards
- Neteller
- Webmoney
- Skrill
- Wire transfer
Deposits and withdrawals are instant.
As someone living in Nigeria, I would say that using e-payments like Webmoney and Neteller works as the best payment method for me.
I have not tried the card deposit, though, and CBN now restricts international transactions to $20 per day.
If you are in Nigeria, you can exchange Webmoney for Naira on Instantgoldng.
You can also exchange Neteller for bitcoin on Paybis from anywhere in the world.
Customer Support And Public Opinion
Use the following channels to contact the team for further inquiries or issues:
- Live chat and Support tickets can be accessed by clicking on the support icon.
- Email – support@windsorbrokers.com
- Twitter – https://twitter.com/windsorbrokers
In addition, there is a “Help Center” where you can find resources that explain how to use the platform. It can be accessed by clicking on the support icon.
Windsor Brokers has a 3.0/5-star rating on Trustpilot.
The platform received relatively positive user feedback; here is the link to read the reviews so you can make your judgment.
However, having used the platform myself, I would say it is one of the best forex brokers out there.
Pros And Cons
Pros
- Regulated in multiple countries
- Built upon over 30 years of experience
- Deposit bonuses
- 100+ tradable assets
- Active customer support
- Supports demo account
Cons
- Does not support the USA
- You only trade with USD
- MT5 not supported
- Copy trading is not supported
Continue to the FAQ section
FAQs
So far, there have been no complaints of frozen withdrawals or scams connected to Windsor Brokers.
In addition, the fact that the company has survived for more than 30 years and is still operating perfectly impresses me.
Furthermore, it is regulated in over 5 countries including Cyprus, Kenya, Jordan, etc. The details can be found on the website.
Also, it has received several awards as a trusted broker over the years. Some of the notable awards include:
– Best FX introducing broker program – JFI Award, Jordan 2022
– Most trusted broker 2021 – JFEX – Jordan
– Most transparent forex broker – Jordan Expo 2018. etc.
Windsor Brokers does not charge a deposit and withdrawal fee. However, you may be charged by your payment processor.
In addition, a user with a Zero Trading account is liable for an $8 commission fee.
Withdrawals are instant and are processed the same day.
Conclusion
This is where we wrap up this review. I hope it was insightful.
Now, it is time to get your feedback;
Have you visited the Windsor Brokers yet? What do you think about it?
Kindly drop all your questions or comments in the comments section below.
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Lastly, don’t forget to sign up for Windsor Brokers with this 👉 link.
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