Windsor Broker Review explained by professional Forex trading experts the “ForexSQ” FX trading team.
Windsor Broker Review
Windsor Brokers offers its clients a single account type with leverage up to 1:400, variable spreads and the option to trade in micro lots on two platforms.
In addition, the brokerage provides trading alternatives on its Gwasy trading platform and AMO (All Markets Online). AMO provides offers direct market access (DMA) to over 620,000 electronically traded products including Stocks, Options, Bonds, Mutual Funds, ETFs and others.
Besides, Windsor Brokers provides all account holders (demo ones included) with access to Traders room, which offers various useful features and tools such as economic calendar, news, learning center, daily technical analysis, Profit Calculator and others free of charge.
The Company. Security of Funds
Windsor Brokers is one of the oldest Forex brokers in the industry. Established in 1988, it offers trading in currency pairs, precious metals and numerous CFD instruments on several trading platforms.
Behind the brand is Windsor Brokers Ltd., a company licensed by Cyprus Securities and Exchange Commission (CySEC). CySEC applies certain rules and requirements to licensed companies and sees to their compliance. For instance, they must keep customer funds in segregated accounts, separated from the company’s operating funds, and are required to hold at least €730,000 in order to prove their good financial standing.
As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default.
What is more, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID regulations.
In addition, the brokerage also operates an offshore unit – Windsor Brokers (BZ) Ltd., which is regulated by the International Financial Services Commission (“IFSC”) of Belize. It offers as many as 7 different account types and apart from forex and CFDs, its clients may trade in binary options.
Minimum Initial Deposit
In order to open an account with Windsor Brokers, traders have to invest as little as $100.
Spreads & Commissions
Windsor Brokers offers tight variable spreads, averaged 0.4 pips on EUR/USD on the MT4 platform. However, a commission of $4 applies per standard lot (per side), so the cost of trading per lot is around 1.2 pips for this pair, which is quite good.
The maximum leverage level offered by Windsor Brokers is 1:400. Such ratio is common for the FX market, yet it is considered high, because the higher the leverage, the greater the risk. That is why leverage is capped in some jurisdictions, such as US, Japan, and Poland. Recently CySEC also proposed the default leverage offered by Cypriot brokerages to be 1:50. With Windsor Brokers, the default leverage depends on the client’s region of residence:
This broker supports the standard forex market trading platform MetaTrader4 (MT4), as well as its proprietary Gwasy. Both of them come as desktop, mobile and tablet versions.
MT4 remains the preferred choice for most traders globally, as it provides a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.
Windsor Brokers’ proprietary platform Gwasy was launched in 2013. This web-based platform can be accessed via a raft of browsers and is really simplified. Users will not come across spread, leverage or other specific trading concepts. Trading on Gwasy is somewhat similar to trading binary options – you have to select an instrument, the return percentage, then an amount to invest, and the direction in which you believe the price will move: up or down.
Also, just as is the case with binary options trading, there is a minimum and maximum bet size per transaction on GWAZY – $ 10/$ 250.
Methods of Payment
Windsor Brokers supports a wide range of payment methods – Bank Wire Transfer, Skrill, Neteller, WebMoney, WU – Quick Pay, China Union Pay, Western Union. Credit and debit cards of the following brands are also accepted – Visa, Visa Electron, Master Card, Maestro, Discover.
Windsor Broker Review Conclusion
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