Windsor Brokers Forex Trade Platform and Broker Review

Windsor Brokers Forex Trade Platform and Broker Review

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Windsor Brokers Broker Review

Windsor Brokers is a globally recognized Forex broker that provides traders with access to Forex (FX), Precious Metals, Silver, CFD Indices, Crude Oil, CFD Commodities, Gold, CFD Treasures, Stocks, ETFs, Bonds, and Options. 

Windsor Brokers was established in 1988 and has two arms: Belize-based Windsor Brokers (BZ) Ltd, regulated by the International Financial Services Commission and the Jordan Securities Commission, and Cyprus-based Windsor Brokers Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC). Windsor Brokers has over 50 and 200 employees across these global offices.

Is Windsor Brokers Regulated?

Yes, Windsor Brokers is regulated by the International Financial Services Commission and the Jordan Securities Commission, and Cyprus-based Windsor Brokers Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC).

Windsor Brokers’ regulations guarantee a high standard of safety for clients’ funds, certifying that they are kept in major international banks and are fully segregated from the company’s own funds. 

Is Windsor Brokers Regulated in the United States?

No, Windsor Brokers is not regulated in any of the United States.  

Is Windsor Brokers Regulated in Europe?

Yes, Windsor Brokers is regulated in Europe through the Cypress Securities and Exchange Commission (CySEC), which regulates the broker in the cross-border European Economic Area. 

Is Windsor Brokers regulated in a Tier-1 Jurisdiction?

According to the Windsor Brokers website, Windsor Brokers is regulated under a Tier-1 jurisdiction. 

Tier-1 jurisdiction gives Windsor Brokers license to operate in countries such as Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is Windsor Brokers regulated in Tier-2 Jurisdiction?

According to the official Windsor Brokers sources, Windsor Brokers is regulated under a Tier-2 jurisdiction, which gives Windsor Brokers a license to operate in the following countries: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in Windsor Brokers?

Windsor Brokers offers traders the MetaTrader 4 (MT4) platform to trade on forex, stocks, commodities, and more. It can be downloaded, used as MT4 WebTrader or as MT4 Multiterminal

MT4 offers market-leading features like the following:

  1. In-depth price analysis with 30 built-in technical indicators
  2. Three execution modes which include instant and pending orders
  3. Expert Advisor programs for automated trading
  4. A signals service that allows copy trading
  5. Straightforward and secure login

MT4 WebTrader

  1. This is the browser-based version of MT4.
  2. WebTrader offers one-click trading without a software download. 
  3. The same breadth of indicators and drawing tools are available with this web-based platform. 
  4. WebTrader is compatible with most operating systems 
  5. WebTrader provides full data encryption, so it is safe to use.

MT4 Multiterminal

  1. The MT4 Multiterminal platform is an additional component of MT4.
  2. It lets clients trade on multiple accounts (up to 128) simultaneously. 
  3. This platform is useful for advanced traders or professional investors who handle many accounts.

Windsor Brokers does not offer MT5.

Does Windsor Brokers Have a News Blog for Forex News?

Yes, Windsor Brokers (BZ) has a blog with a technical outlook and news section, where daily articles on world events and subsequent market effects are published. The broker website and content are available in several languages including Farsi.

Does Windsor Brokers Have a Traders Dashboard?

No, Windsor Brokers does not have a Traders Dashboard from which traders can get an instant overview of current market events or updates on the latest news.

Does Windsor Brokers Have an Educational Section?

Yes, Windsor Brokers has a good and strong education section. Some of the content is published for free on the website and can be accessed by any visitor without necessarily having to join the broker as a client, while others are only accessible to account holders. 

What is the content of Windsor Brokers Forex Education?

Windsor Brokers’ educational section comprises the following: 

  1. A library of at least 70 educational videos on trading strategies, market analysis, and other advantageous topics for account holders
  2. A glossary of financial terms with translations in 12 different languages
  3. eBooks on how to succeed in trading forex, stocks, and CFDs
  4. Regular forex webinars for clients

Educational videos are available for account holders on topics like the following:

  • 16 lessons on Forex Trading
  • 11 lessons on Market Analysis
  • 10 lessons on Trading Psychology
  • 10 lessons on Trading Strategies
  • 9 lessons on MT4
  • 5 lessons on Social Trading
  • 6 lessons on CFDs
  • 3 lessons on Signals

Glossary

An A-Z Financial Glossary explains a wide variety of financial terms that traders will need to know when starting a foreign exchange trade career. The glossary includes more than 150 terms related to finance and trade with correct translations to 12 different languages. Traders can use the Financial Glossary tool for quick and clear reference.

eBooks

Windsor Brokers’ eBook collection covers the most important things traders should know. Some of the pages are locked, but traders can access them with points earned by participating. Topics include the following:

  • Succeeding with Forex trading
  • Succeeding with Stocks trading
  • Succeeding with CFD trading

Is Windsor Brokers Legit?

Yes, Windsor Brokers is a legit Forex Broker and Trade Platform. Windsor Brokers has CySEC (Cyprus), IFSC (Belize), JSC (Jordan) legal certificates to perform Forex Broker and trading services.

Is Windsor Brokers Safe?

Windsor Brokers is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in several global jurisdictions, as described below:

  • CySEC regulates Windsor Brokers in the cross-border European Economic Area
  • Belize-based Windsor Brokers (BZ) Ltd is regulated by the International Financial Services Commission and the Jordan Securities Commission.
  • Windsor Brokers offers negative balance protection, an assurance that reduces risk. 
  • Windsor Brokers is a member of the Investor Compensation Fund which ensures that funds unreasonably withheld from clients are compensated back to them.
  • Windsor Brokers have a thorough privacy policy that ensures client data is collected and handled securely. 
  • Windsor Brokers uses firewalls, encryption, and authentication protocols to prevent unauthorized access or misuse of data.
  • Windsor Brokers practices good website security. 

Is Windsor Brokers a Good Broker?

Yes, according to this Forex Suggest review, Windsor Brokers is a good broker measuring according to security, online support, and trading conditions. 

In terms of security, Windsor Brokers offers negative balance protection, is a member of the Investor Compensation Fund, and has a strict privacy policy that regulates the secure collection and handling of client data. 

In terms of online support, Windsor Brokers has won awards for its transparency and customer service due to its responsiveness and ease to get hold of online support. 

Windsor Broker clients can unfortunately not trade cryptocurrencies as CFDs.

What is the Offering of Investment in Windsor Brokers?

Offerings of Windsor Brokers can be found below.

Feature Windsor Brokers
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) No
Social Trading  Yes

Does Windsor Brokers have Nasdaq?

Yes, Windsor Brokers offers traders products including leading global Stock indices like the S&P 500, Dow Jones, and Nasdaq. The Nasdaq exchange is the global electronic marketplace for buying and selling securities and Nasdaq100 consists of the traded shares of the largest 100 companies by market capitalization on the exchange. 

What are the Awards of Windsor Brokers?

Forex Trading Platform Windsor Brokers’ awards are listed below.

  1. Best Multi-Trading Platform 2018 – Global Brands Magazine
  2. Best CSR Company 2018 – International Finance Magazine
  3. Most Transparent Forex Brokers 2018 – Jordan Forex Expo
  4. Most Trusted Forex Broker 2017 – UK Forex Awards
  5. Best Forex Provider 2014 – China International Expo
  6. Best Forex Broker 2011 – Middle East Forex Expo

How to Use Windsor Brokers for Forex trading?

To use Windsor Brokers, a forex trader should first open an account with them, for which they will have to adhere to the following:

  1. They should be 18 years or older
  2. Have copies of their identification documents
  3. Should be able to pay the minimum deposit of $100 (for the Prime Trading Account)

A Forex Trader that meets the conditions above, can open a forex trading account and use Windsor Brokers. 

How to open a Forex trader account with Windsor Brokers?

To open a Forex Trading account with Windsor Brokers, a trader should follow the steps below.

  1. Click the ‘Open Account button on the ‘Let’s get started- section of the broker’s official website which will navigate you to the registration page
  2. Choose your country of residence and fill out the rest of the form with your name, contact detail, and email. 
  3. Set a password and choose the type of account you want to open.
  4. Submit the request to complete the procedure. 
  5. The broker may need information about your financial status, investment plans, trading experience, and financial markets knowledge.
  6. Complete the identity verification by uploading the digital copies of the documents required.

What are the Forex Trader Account Types with Windsor Brokers?

Forex trading platform and financial asset management institution Windsor Brokers only offers two different account types, the Prime Account or Zero MT4 accounts, as well as a demo account and an Islamic or swap-free option. 

Windsor Brokers Account Types and features are listed below. 

  1. Demo Account

  2. Prime Account

  3. Zero MT4 Account

  4. Islamic Account

 

  • Demo Account

Windsor Brokers offers a free Demo account for those who want to practice trading in a risk-free environment before opening a trading account. It offers a simulated trading environment with virtual funds to trade with.

  • Prime Account

The Prime Account is best suited for the support-oriented trader and has the following features:

  • $100 minimum deposit required
  • Spread from 1.0 pips on Majors
  • 1:500 maximum leverage
  • No commission
  • 0.01 minimum trade volume
  • 50 Lot restriction per ticket (FX)
  • Hedging allowed
  • Islamic / SWAP Free option available
  • Negative balance protection
  • Personal account manager
  • Training provided
  • Stop out at 20%
  • Margin call at 100%

 

  • Zero MT4 Account

Zero MT4 accounts is best suited for heavy traders and has the features described below. 

  • $2500 minimum deposit required
  • Spread from 0 pips on Majors
  • 1:500 max leverage allowed
  • $8 commission round turn
  • 0.01 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%

Traders with larger bankrolls may apply for a VIP Zero account, which comes with a dedicated client manager and one-to-one meetings with technical analysts.

  • Islamic Account

Windsor Brokers offers swap-free options on the Prime accounts for religious purposes. Instead of swaps, extra commissions may be charged on these types of accounts. Further details on Windsor Brokers swap-free accounts can be obtained from Customer Support.

How to Withdraw Money from Windsor Brokers?

To withdraw money from Windsor Brokers, the following should be kept in mind:

  • Funds must be withdrawn back to the same bank account used when depositing, except when using a credit card where more than six months have elapsed. In this case, funds will be transferred to a named bank account.
  • Withdrawal requests are processed the same day where possible, but withdrawal times depend on the initial payment method.
  • Both branches charge a 3% or £3 fee per transaction,  
  • The broker may require identification documents to process withdrawals
  • Log in to your Windsor Brokers personal space and follow the prompts to file a withdrawal request. 

How many days do deposits take with Windsor Brokers?

Deposits with Windsor Brokers take one working day for most of the available deposit methods if the currency is USD. 

What are the costs and fees with Windsor Brokers?

Trading fees are charged every time you place a trade and include spreads, commissions, overnight, and rollover fees. Currency conversion fees may also apply.

Non-trading fees, like payment and inactivity fees, make up the cost when using some brokers. 

Spreads at Windsor Brokers according to account type. For Prime account holders, the EUR/USD spread is typically 1.5 pips while with the Zero account, the same spread is around 0.2 pips, and can even drop to zero. Crude oil spreads go as low as 0.03 pips while zero-point spreads are available on indices and shares. 

Generally speaking, Windsor Brokers’ spreads are competitive and comparable with other large brokers.

The Forex Trading Fees with Windsor Brokers are as below. 

Prime Account

  • Spread from 1.0 pips on Majors
  • 1:500 maximum leverage
  • No commission
  • 0.01 minimum trade volume

Zero MT4 Account

Zero MT4 accounts is best suited for heavy traders and has the features described below. 

  • Spread from 0 pips on Majors
  • 1:500 max leverage allowed
  • $8 commission round turn
  • 0.01 minimum trade volume

What are the Trading Fees with Windsor Brokers?

Windsor Brokers does not charge deposit fees but does charge withdrawal fees. The broker charges interest accrued on positions held overnight, known as swap fees. Muslim traders can apply for a swap-free account to avoid these fees. 

What is the minimum deposit in Windsor Brokers?

The recommended minimum initial amount is 100 USD for the Prime Account and 2 500 USD for the Zero MT4 Account. 

What are the contract specifications in Windsor Brokers? 

Feature Windsor Brokers
Forex Trading Yes
CFDs 46
Forex Pairs 50
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  Yes

Does Windsor Brokers have promotional offers?

Yes, Windsor Brokers (BZ) currently advertises a special Ramadan Giveaway as a promotion which is available to both new and existing clients. Windsor Brokers (BZ) also offers a no deposit welcome bonus in the form of a free Prime account $30 promotion. Full bonus terms and conditions are available on the Windsor Brokers website.

Windsor Brokers Ltd does not currently advertise promotional offers or bonuses to its new or existing clients, as CySEC-regulated providers are not permitted to offer incentive promotions. 

Does Windsor Brokers have a welcome bonus?

Windsor Brokers (BZ) currently offers a free Prime account $30 no deposit or welcome bonus, only to clients that open their accounts with USD as their base currency. This bonus cannot be transferred or withdrawn and the full terms and conditions, which are available on the Windsor Brokers website, must be scrutinized and evaluated by clients before participating.

Does Windsor Brokers have a deposit bonus?

Windsor Brokers (BZ) currently offers a deposit bonus of up to $10 000 where the broker promises to match 20% of a client’s deposit. Clients must however deposit at least $ 500 to claim this promotion and the withdrawal of this bonus is prohibited.

Is there a commission-free trade bonus in Windsor Brokers?

No, Windsor Brokers does not offer a commission-free trade bonus but advertises a special Ramadan Giveaway which is available to both new and existing clients.

Is there a VIP bonus in Windsor Brokers?

No, Windsor Brokers does not offer a VIP bonus as such, but VIP and all other clients Loyalty can benefit from a Loyalty Programme in which they can earn rewards for their loyalty based on trading activity and redeem points for trading balance.

Can you start trading with no money at Windsor Brokers?

Yes, you can start trading with no money at Windsor Brokers because Windsor Brokers offers a free $30 no deposit or welcome bonus, but only to clients that open a Prime account with USD as their base currency. This bonus cannot be withdrawn or transferred and the full terms and conditions, which are available on the Windsor Brokers website, must be adhered to by clients before they can benefit from it.

How does leverage work with Windsor Brokers?

In line with EU regulations, the European branch of Windsor Brokers only offers a maximum retail leverage ratio of 1:30. 

Professional traders can however access a greater leverage ratio as indicated below.

Windsor Brokers (BZ) Ltd offers maximum leverage at the following ratios:

For trading Forex – 1:500

For Metals – 1:250

For Spot and CFD indices – 1:200

For Spot and CFD energies – 1:100

For Commodities – 1:50

For Treasuries – 1:250

For Shares – 1:20

Leverage is basically funding that is borrowed from a client’s broker that allows the person to increase his trading position. This allows a client to open and trader from larger positions. The opposite is also true, however – while leverage can amplify potential profits, it can also increase losses. 

Where are the headquarters of Windsor Brokers?

Windsor Brokers (BZ) is headquartered at 35 Barrack Road, 3rd floor, Belize City, 0001, BZ. 

The Jordan head office is situated at 198 Zahran Street, Emmar Towers block A, 3rd Floor, Amman, Jordan

Who is Windsor Brokers’ CEO?

The CEO of Windsor Brokers is Johny Abuaitah. He holds a master's degree in Business Systems Analysis from the City University (GB) and a Bachelor of Science (BS) in Accounting and Computer Science from Leicester. Abuaitah has worked in the Forex industry for more than three decades.

What are the social media accounts of Windsor Brokers?

Traders can follow Windsor Brokers on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn

How many employees do work for Windsor Brokers?

Windsor Brokers has between 50 and 200 employees.

What are the opinions about Windsor Brokers?

Windsor Brokers has a good reputation in the industry and amongst trader reviews. Positive feedback is received on the benefits and advantages of trading with Windsor Brokers regarding its licensing by reputable financial authorities like the CySEC, its industry-leading MetaTrader4 platforms, and negative balance protection.

New traders applaud it for its rich education library and all traders commend the Zero-pip spreads, while some see the lack of Cryptocurrencies and binary options for trade and a limited live chat function as severe drawbacks.

What are Windsor Brokers Contests?

Windsor Brokers does not currently run any contests but did advertise some in the past. Windsor launched a weekly demo trading competition called DEMO 500 to new clients in 2020, as well as a Market Events Prediction Contest.

This market events contest was Windsor’s way of educating traders by keeping them alert and up to date with the highest impact market events. These contests usually run on a weekly basis and cover the most important events of a week. Prizes and conditions varied according to each contest, and prizes ranged from $250 USD for the first place to $100 USD for the 3rd place

Does Windsor Brokers have online support?

Yes, Windsor Brokers has an online support team that can be reached via phone, email, or a live chat option. Clients can get phone support from the Belize office, the office in Jordan, or the office in Cyprus or email the support team in the respective offices on the email addresses given.

A live chat function is available on both websites from a chat logo, but reviews suggest that you may not always get connected to an agent, so traders may find the alternative channels of phone or email more useful.

Does Windsor Brokers offer demo accounts for Forex trading?

Yes, Windsor Brokers offers a free demo account for prospective new traders. They can sign up for the demo account from the Windsor Brokers website. 

The demo simulator does not require a trader to deposit real money but gives them the opportunity to get a grasp of the MT4 trading platform with the use of virtual money before they decide to invest with the broker. 

The demo account can be opened with the following steps:

  1. Follow the “Try Demo” tab to the registration portal on the broker’s website and choose to open a demo account
  2. Complete the registration form with the required information, and remember to provide an email address and other contact details
  3. A confirmation email will be sent with a link to follow to access your demo account and start your trial trading. 

Does Windsor Brokers have a mobile app for Forex trading?

Yes, Windsor Brokers offers its MT4 trading platform for both iOS or Android mobile devices.

MT4 Mobile for Android

Traders can experience trading at their fingertips with the MT4 for Android App, due to the following features: 

  • Full MT4 Account Functionality
  • 3 chart types and 9 timeframes
  • 30 technical indicators
  • Full trading history journal
  • Rapid trade execution 
  • Get it on Google Play

MT4 for Android tablets

Traders can manage their accounts and trade the world’s Forex and CFDs markets from their android tablets with the following features: 

  • Full MT4 Account Functionality
  • 3 chart types and 9 timeframes
  • 30 technical indicators
  • Full trading history journal
  • Rapid trade execution
  • Get it on Google Play

MT4 Mobile for iPhone

Traders can manage accounts and trade on the go with the MT4 app for iPhone. It has the following features: 

  • 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 for iPad

You can trade the world’s markets from an iPad with all of the MT4’s essential features intact. It boasts the following features: 

  • Full MT4 Account Functionality
  • One-click trading
  • 3 Chart Types and 9 timeframes
  • 30 Technical Indicators
  • Full Trading History Journal

Does Windsor Brokers publish an economic calendar?

Windsor Brokers does publish an economic calendar. Windsor’s Economic Calendar is automatically updated during live announcements to provide traders with all the important information that may affect their trading. This is a useful resource that allows Forex traders to remain up to date on relevant economic information that is scheduled to be released. 

Windsor Brokers’ economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of Windsor Brokers?

Windsor Brokers publishes contact details for Belize, Jordan, and Cyprus.

Belize

Office Address: 35 Barrack Road, 2nd Floor, Unit 204, Belize City, Belize

Email: [email protected]

Phone: +44 3301280930

Jordan

Office Address: 198 Zahran Street Emmar Towers block A, 3rd Floor, Amman, Jordan

Email: [email protected]

Phone: +962 6 550 9090

Cyprus

Office Address: Windsor Brokers Business Centre, Spyrou Kyprianou 53, Mesa Geitonia 4003 Limassol, 

Email: [email protected]

Phone: +357 25 500 700