Written by Jason Peterson
Edited by David Johnson
Fact checked by Angelo Martins
Human moderated by Jason Peterson
Last updated August, 2024

Windsor Brokers Overall rating

4.2
Ranked 56 out of 941 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
3.4
3
Regulation
5.0
2
Pricing rating
4.0
1
Features
Not rated
1
Customer Support
Not rated
1

Pros

  • Well-established broker with over 35 years in the industry.
  • Regulated by multiple authorities, including CYSEC and FSC.
  • Offers competitive forex spreads averaging 2.61 pips.
  • Provides negative balance protection for clients.
  • Good user rating of 4.0 out of 5 based on verified reviews.
  • Segregates client funds, enhancing financial security.
  • Wide range of asset classes available for trading.
  • Strong web traffic with over 95,000 monthly organic visits.

Cons

  • Swap rates are not published for transparency.
  • No deposit compensation scheme under some regulatory entities.
  • Limited crypto CFDs compared to other brokers.
  • Popularity rating is moderate compared to top-tier brokers.
* As of August 2, 2024

We tested Windsor Brokers using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely by the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

* As of August 2, 2024

Windsor Brokers has established itself as a reliable player in the forex market, being in operation since 1988. The broker is regulated by several authorities, including the Cyprus Securities and Exchange Commission (CYSEC), the Financial Services Commission (FSC) in Belize, the Financial Services Authority (FSA) in Seychelles, the Jordan Securities Commission (JSC), and the Capital Markets Authority (CMA) in Kenya.

These regulatory bodies ensure that Windsor Brokers adheres to strict standards, such as the segregation of client funds, providing a layer of security to traders.

User reviews for Windsor Brokers are generally positive, with a rating of 4.0 out of 5 from verified accounts, indicating a good level of satisfaction among its users. The broker is ranked 44th out of 823 forex brokers based on user ratings, showcasing its competitive standing in the industry.

Furthermore, Windsor Brokers enjoys substantial web traffic, with approximately 95,233 organic monthly visits, and ranks 128th out of 823 brokers for organic traffic. While the broker holds a popularity rating of 3.5 out of 5, it is considered moderate compared to some of its top-tier competitors.

Despite Windsor Brokers' strong regulatory compliance and user feedback, it is important to keep in mind that even highly regulated and successful financial firms have faced challenges in the past. Therefore, traders should conduct thorough research and consider multiple factors before committing to a broker.

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Windsor Brokers Ltd up to €20,000 30 : 1
Windsor Brokers (BZ) Ltd 1000 : 1
Windsor Brokers (SC) Limited 1000 : 1
Seldon Investments (Jordan) Ltd 500 : 1
Windsor Markets (Kenya) Ltd 400 : 1

Deposit Insurance

Windsor Brokers offers deposit insurance and investor compensation programs as part of its regulatory framework, providing an additional layer of protection to clients. Under the regulation of the Cyprus Securities and Exchange Commission (CYSEC), the broker participates in the Investor Compensation Fund (ICF), which compensates investors up to €20,000 per client if the firm fails to meet its obligations.

However, it is important to note that not all regulatory entities associated with Windsor Brokers offer deposit insurance. For instance, while the Cyprus-regulated entity provides this scheme, other entities like those regulated by the FSC in Belize, the FSA in Seychelles, the Jordan JSC, and the CMA in Kenya do not offer similar compensation schemes. Traders should consider the regulatory jurisdiction under which their accounts are held to understand the level of protection available.

Spreads and Costs

* As of August 2, 2024

Windsor Brokers offers spreads and costs that are generally in line with industry standards. The forex spreads, for instance, average around 2.61 pips, which is competitive but not the lowest available compared to some of the market-leading brokers like IC Markets and RoboForex, which offer lower average spreads of 1.51 pips and 1.92 pips, respectively.

However, Windsor Brokers provides a comprehensive range of asset classes, including forex, crypto, indices, and commodities, offering traders a diverse selection of trading opportunities.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
Windsor Brokers – Standard 10.00 2.61 2.79 0.16
FBS – Standard 24.41 2.13 - 0.19
IC Markets – Standard 9.29 1.51 1.23 0.10
RoboForex – Pro - 1.92 - 0.10
FxPro – Standard - 2.56 3.68 -
ThinkMarkets – Standard 24.73 3.80 3.02 0.20
IG – Standard 51.55 2.16 3.23 0.23

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data is collected through our sophisticated spread analyzer tool, which you can access here. This tool collects live account information and syncs with our performance analytics system, allowing for real-time comparison across brokers. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool.

Spreads can vary widely, representing the difference between the bid (sell) and ask (buy) price . Some brokers charge higher spreads with no commission, while others may charge both. Understanding the total cost, which includes both spread and commission, is crucial. Our values reflect this all-in cost.

Note that some brokers may advertise low spreads for popular pairs like EURUSD but have higher rates on other instruments. Comparing true all-in cost averages across various instruments and asset classes is essential for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Broker - Account Type BTCUSD ETHUSD EURUSD USDJPY GBPJPY EURGBP AUDNZD CADCHF AUS200 US30 XAUUSD XAGUSD
Windsor Brokers – Standard 18.80 1.21 1.45 1.94 3.74 2.17 2.94 3.47 2.95 2.62 0.30 0.03
FBS – Standard 46.75 2.06 1.33 1.94 2.97 1.83 2.68 2.06 - 6.05 0.35 0.03
IC Markets – Standard 15.59 3.00 0.88 1.14 1.81 1.37 2.35 1.49 1.51 0.96 0.18 0.02
RoboForex Pro - - 1.32 1.97 2.45 1.19 2.87 1.73 - - 0.19 0.02
FxPro – Standard - - 1.32 1.64 3.51 1.58 3.90 3.40 4.73 2.63 - -
ThinkMarkets – Standard 46.13 3.32 2.56 3.51 4.64 2.74 6.00 3.37 3.34 2.70 0.33 0.06
IG – Standard 98.00 5.10 0.81 0.99 3.28 1.45 3.04 3.37 2.64 3.82 0.44 0.02

Swap Rates/Financing Fees

Swap rates, also known as financing fees, are charged when a position is held overnight. They can be positive or negative, depending on the interest rate differential between the two currencies involved in a forex trade. Positive swap rates result in a payout to the trader, while negative rates incur a cost.

Windsor Brokers does not disclose specific swap rates, making it challenging to assess their competitiveness. However, based on the average swap rates of leading brokers, Windsor Brokers' absence of published rates may indicate a lack of transparency in this area.

Broker Best Average NZDUSD Swap Short NZDUSD Swap Long USDJPY Swap Short USDJPY Swap Long XAUUSD Swap Short XAUUSD Swap Long
Windsor Brokers - - - - - - - -
FBS - -4.38 -0.14 -0.06 -2.87 0.63 6.05 -29.90
IC Markets Best -2.27 -0.10 -0.14 -2.59 1.25 20.78 -32.84
RoboForex - -5.81 -0.23 -0.30 -3.56 1.22 -3.00 -29.00
FxPro - -4.03 -0.14 -0.15 -3.33 1.02 19. 15 -40.75
ThinkMarkets - -3.27 -0.14 -0.14 -2.61 1.08 19.57 -37.37
IG - - - - - - - -

Does Windsor Brokers Offer Islamic/Swap-free Accounts?

Islamic trading accounts, also known as swap-free accounts, are designed for traders who cannot earn or pay interest due to religious beliefs. These accounts comply with Islamic finance principles, which prohibit earning interest on overnight positions.

Windsor Brokers offers Islamic accounts to clients who adhere to Islamic law. These accounts are available upon request and require traders to provide proof of their faith. The Islamic account option allows traders to engage in forex trading without incurring or earning swap fees on overnight positions. This is particularly beneficial for Muslim traders who wish to comply with Sharia law.

Other Fees

In addition to spreads, commissions, and swap rates, Windsor Brokers imposes other fees that traders should be aware of:

Fee Type Details
Withdrawal Fees Windsor Brokers charges a withdrawal fee of $5 for bank transfers and credit/debit card withdrawals. E-wallet withdrawals are free of charge.
Inactivity Fees An inactivity fee of $10 per month is applied after 12 months of inactivity on an account.
Currency Conversion Fees Currency conversion fees apply when trading instruments in a currency different from the account's base currency.

Comparison to Other Brokers

* As of August 2, 2024

Windsor Brokers is a well-established player in the forex market, having been in business since 1988. This longevity provides a sense of reliability and trustworthiness. In comparison to other brokers, Windsor Brokers stands out with its diverse range of asset classes, including forex, crypto, indices, and commodities.

When it comes to regulatory licensing, Windsor Brokers is licensed by multiple authorities, including CYSEC, FSC, FSA, JSC, and CMA. This multi-regulatory approach enhances the broker's credibility and offers traders a level of assurance regarding the safety of their funds.

In terms of spreads and costs, Windsor Brokers' average forex spread of 2.61 pips is competitive but slightly higher than market leaders like IC Markets, which offers an average spread of 1.51 pips. However, Windsor Brokers provides negative balance protection and segregates client funds, adding to its trustworthiness.

In comparison to industry-leading brokers such as IC Markets, RoboForex, and FxPro, Windsor Brokers offers a moderate level of popularity, with a popularity rating of 3.5 out of 5. The broker's web traffic of over 95,000 monthly organic visits indicates a strong online presence, although it ranks 128th out of 823 brokers for organic traffic.

Overall, Windsor Brokers is a solid choice for traders seeking a well-established broker with a diverse range of asset classes. While it may not offer the lowest spreads in the market, its regulatory compliance and long-standing reputation make it a viable option for traders.

Trading Platforms - Mobile, Desktop, Automated

Platform Device Compatibility Automated Trading
MetaTrader 4 Desktop, Mobile, Web Yes (MQL4, easy to learn)
WB Copy Trading Mobile, Web No

Windsor Brokers offers the MetaTrader 4 (MT4) platform, renowned for its user-friendly interface and robust charting tools. MT4 supports automated trading through Expert Advisors (EAs), which utilize the MQL4 programming language. MQL4 is relatively easy to learn, making it accessible for traders looking to implement automated strategies.

In addition to MT4, Windsor Brokers provides the WB Copy Trading platform, enabling traders to replicate the trades of experienced investors. While WB Copy Trading does not support automated trading, it offers a social trading experience where traders can follow and learn from successful peers.

The availability of MT4 across desktop, mobile, and web devices ensures that traders can access their accounts and trade on the go, while the platform's advanced charting features facilitate in-depth technical analysis.

What Can You Trade?

Asset Class Number of Instruments
Forex CFD 45
Crypto CFD 6
Stock CFD 100+
Stock Index CFD 20
Commodities CFD 20
ETFs 6
Bond CFD 4
Futures CFD -

Windsor Brokers offers a comprehensive range of asset classes for trading, including forex, crypto, stocks, stock indices, commodities, ETFs, and bonds. The broker provides a total of 45 forex pairs, 6 cryptocurrencies, over 100 stock CFDs, 20 stock indices, 20 commodities, 6 ETFs, and 4 bond CFDs.

Traders at Windsor Brokers primarily engage in trading Contracts for Difference (CFDs) and derivatives, which do not involve owning the underlying asset. Instead, traders speculate on the price movements of the assets, allowing for leveraged positions. Leverage amplifies both potential gains and losses, making it essential for traders to understand the risks involved.

For a detailed list of available instruments, traders can visit Windsor Brokers' trading instruments page.

Available Leverage

Windsor Brokers offers varying leverage levels depending on the regulatory entity and the asset class being traded. Retail clients under the Cyprus Securities and Exchange Commission (CYSEC) regulation have access to a maximum leverage of 30:1. In contrast, clients trading under the Belize Financial Services Commission (FSC) and the Seychelles Financial Services Authority (FSA) can utilize leverage up to 1000:1.

For traders operating under the Jordan Securities Commission (JSC), leverage of up to 500:1 is available, while clients under the Capital Markets Authority (CMA) in Kenya have access to a maximum leverage of 400:1. These leverage levels allow traders to maximize their market exposure but also increase the potential for significant losses. Traders should carefully consider their risk tolerance and trading strategies when selecting leverage ratios.

Prohibited Countries

Windsor Brokers is unable to open client accounts for residents in certain countries due to regulatory restrictions. The broker does not accept clients from the United States, North Korea and several other jurisdictions where local regulations prohibit their services. Traders should verify the list of prohibited countries on Windsor Brokers' website to ensure eligibility before attempting to open an account.

Windsor Brokers Account types

  Prime Zero VIP
Commission-$8.00 Per Lot$5.00 Per Lot
Maximum leverage500:1
Mobile PlatformMT4 Mobile
Trading platformMT4, WebTrader
Spread TypeVariable Spread
Minimum Deposit100250020000
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Prime
Maximum leverage 500:1
Typical Spread 1.5
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Zero
Commission $8.00 Per Lot
Maximum leverage 500:1
Typical Spread 0.2
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 2500
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  VIP
Commission $5.00 Per Lot
Maximum leverage 500:1
Typical Spread 0.2
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 20000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Windsor Brokers Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
en.windsorbrokers.com
Organic monthly visits 78,083 (99%)
Organic traffic rank 147 out of 941 (Forex Brokers)
Paid monthly visits 580 (1%)
Total monthly visits 78,663
Bounce rate 44%
Pages per visit 2.03
Average visit duration 00:00:56.7960000

Windsor Brokers Profile

Company Name Windsor Brokers Ltd
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 1988
Headquarters Cyprus
Office Locations Belize, Jordan, Seychelles
Account Currency EUR, GBP, USD
Support Languages Arabic, Chinese, English, French, Indonesian, Japanese, Korean, Malay, Spanish, Vietnamese, Farsi
Funding Methods Bank Wire, Credit/Debit Card, Neteller, Skrill, Webmoney
Financial Instruments Forex, Indices, Oil/Energies, Metals
Prohibited Countries Iran, United States
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread


This page's contents are created partially with the help of AI tools and provide a comprehensive review of Windsor Brokers, covering various aspects of the broker, including its regulatory status, pros and cons, trading platforms, and more.

Windsor Brokers’ review is structured into sections, each focusing on a specific aspect of the broker's offerings. Tables and headings are used to present information clearly and concisely, adhering to our broker's review guidelines.

Windsor Brokers User reviews

4.5
(1 )
Ranked 22 out of 941 (Forex Brokers)
This rating is based on 1 reviews by users that proved they are real customers of this company and 0 that did not. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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Windsor Brokers Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Prime Zero VIP
Forex$4.80 Per Lot$1.80 Per Lot$0.90 Per Lot
Oil / Energies$2.70 Per Lot
MetalsGold $7.20 Per Lot, Silver $12.00 Per LotGold $3.60 Per Lot, Silver $9.00 Per LotGold $2.40 Per Lot, Silver $7.80 Per Lot
Shares / Equities$0.66 Per Lot
Indices$0.27 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  Prime
Forex $4.80 Per Lot
Oil / Energies $2.70 Per Lot
Metals Gold $7.20 Per Lot, Silver $12.00 Per Lot
Shares / Equities $0.66 Per Lot
Indices $0.27 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  Zero
Forex $1.80 Per Lot
Oil / Energies $2.70 Per Lot
Metals Gold $3.60 Per Lot, Silver $9.00 Per Lot
Shares / Equities $0.66 Per Lot
Indices $0.27 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  VIP
Forex $0.90 Per Lot
Oil / Energies $2.70 Per Lot
Metals Gold $2.40 Per Lot, Silver $7.80 Per Lot
Shares / Equities $0.66 Per Lot
Indices $0.27 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

Rebates are not paid for accounts registered with: CySEC and JSC entities.

What are Windsor Brokers rebates?

Windsor Brokers rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do Windsor Brokers rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much Windsor Brokers rebates can I earn?

Use our forex rebate calculator to estimate your Windsor Brokers rebate earnings:

 
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Windsor Brokers Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Windsor Brokers Ltd up to €20,000 30 : 1
Windsor Brokers (BZ) Ltd 1000 : 1
Windsor Brokers (SC) Limited 1000 : 1
Seldon Investments (Jordan) Ltd 500 : 1
Windsor Markets (Kenya) Ltd 400 : 1

Windsor Brokers Symbols

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