Windsor Brokers Review – Is Windsor Brokers Scam or a Proper Broker?

Windsor Brokers review

Windsor Brokers is a brokerage company that has its headquarters in Belize. It was established in 1988, which makes it a long serving broker as it’s been around for over 30 years. People from all over the globe can make a Windsor Brokers account as it offers services in 80+ countries. It is strictly regulated by several companies including CySEC, FSA, and FSC.

It has also won several awards for its excellent service. Some of these awards include ‘best forex customer service provider, and ‘best forex research team’.

Account types

You can choose between two accounts at Windsor Brokers which are a Zero account and a Prime account. These accounts have different operating sizes and educational materials. The Prime account is best suitable for traders that are beginners or middle level, while the Zero account is best for professional traders. Both accounts come with customer support in various languages and educational material which can unexpectedly come in handy.

Trading instruments

This broker aims to fulfill traders’ needs. Therefore, it offers over 600,000 instruments to choose from including Metals, Bonds, futures, CFDs, and Cryptocurrencies. This broker has its very own risk management systems and transparent conditions and practices.

Fees

The fees at Windsor Brokers may vary depending on which account you use. The fees are either commission charged or are built into spreads. There is no deposit or withdrawal fee and the ranking of some other charges is average.

Deposits and withdrawals

There is no deposit fee charged here; the minimum deposit, however, is $100 for the Prime account and $2,500 for Zero accounts. Most other brokers charge a minimum deposit of $500.

You can deposit cash through various methods. When it comes to funds withdrawal, there are several methods available, for example card payments, and e-payments like Neteller. When withdrawing through bank transfer, there may be some fees from the bank side so you should always check that beforehand.

Spreads

Leverage starts from 0 pips on the zero account and can reach 1.5 pips on the prime account for EUR/USD. These are built on spreads and are different for each account. A WTI Crude oil spread is 5 pips and a Gold spread is 40 pips, both of which are higher than other brokers like Orbex.

Leverage

Leverage is a very important and powerful tool when it comes to online trading as it increases your profit. However, leverage also has the power to increase losses, so it must be used cautiously. Windsor Brokers offers low leverage for beginners and high leverage for experienced traders. Beginners can use maximum leverage of 1:30 if they’re from Europe as the CySEC does not allow high leverage. Experienced traders can use leverages as high as 1:1500.

Trading platforms

Windsor Brokers makes use of the most basic and popular trading platform, MT4, also known as MetTrader4. It is easy to use for brokers no matter what their level is. This broker also provides web platform, desktop and mobile apps which can be installed on any device for your convenience.

An additional platform available is the AMO platform which can be used on desktop, web, or mobile. Here, you can access multiple tools with tech analysis, complete customization, and spreads starting from 0 pips. Moreover, the mobile app has the same tools and functions as the desktop version, so there is no limitation.

Customer support

The customer support team here at Windsor Brokers can be reached through email, phone, and live chat. They support multiple languages and even though there is no 24/7 support, this team tries to promptly respond to your queries or questions with relevance.

Education

When trading for the first time, it is crucial to know your way around and not take monetary risks. For this reason, Windsor Brokers offers a demo account and an education center to sharpen your skills. You can also access analytical data. While functioning for years, this broker has developed along with the market and has tools to suit all traders.

Conclusion

Windsor Brokers remains one of the oldest brokerage companies. Overall, it is a broker that has several tools and transparent conditions to give clients around the world a good experience. A good broker should consider its clients needs and offer improved features accordingly. Since the trading industry is constantly evolving, so is Windsor Brokers. You will definitely trade smoothly when using this broker.