Windsor Brokers Review – What You Need To Know Before Trading
Windsor Brokers assures its investors of an exemplary Forex brokerage service that is backed by decades of experience in the financial markets. Windsor Brokers has been operating in the financial markets since 1988, but the company moved a part of its operations to the Forex business model in 2005. Ever since it set up shop in mainland Europe, Windsor Brokers has been one of the primary contenders in the race to become a mainstream Forex trading company that catered to both retail and institutional traders.
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Windsor Brokers Regulation
Windsor Brokers is largely a European Forex broker that is located in Cyprus and the UK. Windsor Brokers is regulated by the CySEC and the FCA (UK), along with a valid EU Forex license to operate in any part of the EU under the European Economic Area (EEA) agreement. Windsor Brokers also has a branch establishment in Belize under the International Financial Services Commission, but it is not a secret that traders will prefer the European regulation more than the broker’s regulatory status with the Belizean authorities. The CySEC supervises Windsor Brokers according to the policies implemented by the Markets in Financial Instruments Derivatives (MiFID) that stipulates the basic norms for the safe operation of all non-banking financial companies in the region. The CySEC is one of the top regulatory organizations in the world that has been largely successful in countering financial scams, which are further supported by the various investor protection laws that are implemented by the ECB and the MiFID derivatives.
- Website: www.windsorbrokers.com
- Support: +357 25 500 700
- Windsor Brokers Ltd
- 53, Spyrou Kyprianou Ave
- CY-4004 Mesa Yitonia
How Much Should I Pay For A Windsor Brokers Trading Account?
A Windsor Brokers Forex trading account is not as expensive as one might anticipate since a small initial deposit of $100 will be sufficient to open an account at the broker. Of course, $100 may not be as cheap as any other Forex companies that offer Micro and ECN accounts for $5, but Windsor Brokers does hold its value by stipulating one of the lowest trading capital requirements in the entire industry. While the company has specified a minimum requirement of $100, traders can additionally choose from over seven different types of trading accounts that have varying conditions and different minimum deposit requirements. The cheapest account options are the Micro and Mini accounts, which offer micro and mini trading conditions respectively. These accounts are market maker accounts, which are subject to certain trading restrictions. The minimum trade size for the Micro account starts from 0.05, and the Mini account starts from 0.5, while both accounts have a maximum open ticket limit of 30 lots. The Micro account has a maximum leverage of 1:500, while the Mini account has a maximum leverage of 1:400. Windsor Brokers spreads for the market maker accounts are fixed at 1 and 2 pips respectively for Mini and Micro Accounts. The third account option is a Dynamic-Fixed Spread Account, which has standard lot conditions for slightly lower pips that may fluctuate according to market conditions. Traders are treated to STP/ECN conditions from the Dynamic STP account onwards, which requires a minimum deposit of $500 for spreads as low as 0.2 pips. Traders are also able to use a maximum Windsor Brokers leverage of 1:500 for the STP account, but interestingly, the broker does not have any commissions associated with STP trading. The final three accounts are categorized for larger traders, which include the Standard, Mega, and Executive accounts for minimum deposits of $2,500, $3,000, and $25,000 respectively. The Executive Account has a minimum spread of 0.2 pips with direct market access conditions, but the Standard and Mega accounts have slightly higher spreads and an overall inferior trading environment when compared to the expensive Executive Account. The account options are indeed confusing for traders, especially due to the varying trading conditions and the lack of clarity in direct market access environments.
Are My Funds Segregated?
Clients are offered multiple forms of payment options such as credit/debit card, electronic payment processors, and Wire Transfer. The fees for transactions vary significantly, with a maximum of 3% charged on credit/debit card deposits and Skrill transfers. Nevertheless, all client deposits are held in segregated bank accounts as per the CySEC and MiFID instructions, which require brokers to keep its own funds away from traders’ funds. Windsor Brokers is one of the very few companies in the entire industry that have a Capital adequacy ratio of over 50%, which stands at 59% as of 2016. Windsor Brokers also maintains an operating capital of €1 million according to the CySEC requirements, which is sufficient for maintaining its clients’ positions in the market by sustaining the market volatility. However, in the event of broker redundancy or bankruptcy, traders are rightfully compensated through the Investor Compensation Fund (ICF), which offers up to €20,000 in capital protection for qualified investors. The CySEC has also made it compulsory for all regulated member firms to adhere to strict financial transparency laws that are fortified by industry-leading auditing practices and independent financial scrutiny.
Windsor Brokers Trading Platforms – Choose From Three Different Options
Windsor Brokers has an extensive collection of trading interfaces that provide a varied set of choices for customers to invest in the markets. Traders can manage their accounts through the MT4 interface for accessing the Forex, commodities, and metals markets, which does provide a stable trading environment for the different desktop and mobile versions available for Windows, Mac OS, Android, and iOS operating systems. However, the broker’s own branded trading platform, known as the AMO (All Markets Online), offers the most comprehensive trading access ever in the financial markets. The AMO gives access to 620,000 different electronic financial products from global capital markets that range from stocks, indices, commodities, metals, FX, bonds, ETFs, and securities. The AMO has been designed as both desktop and Windsor Brokers mobile trading platforms, which are available as downloadable apps from the company’s official web store. Windsor Brokers has also developed another Web Trading interface, the Gwazy platform, which offers binary options trading for traders that wish to sample the innovative financial product. GWAZY is advertised as a unique Forex product that avoids the usual trading complications such as spreads, slippages, margin trading and depending on the market volatility for taking profits or cutting losses. The Gwazy trading platform may not be suitable for Forex traders due to the inherent risks of binary options. Windsor Brokers offers a demo account for its prospective clients, which should offer better insight into the performance of the three different trading platforms that are provided to traders. Check out their demo accounts before opening an account, or you may compare Windsor Brokers with our other recommended broker options for enjoying the best trading environment.