Windsor Brokers Review

Windsor Brokers was one of the first retail FX/CFD brokerages established, opening its doors for the first time in 1988. The firm has since evolved into a decentralized brokerage system that offers trading conditions that are uniquely suited to its different segmented markets.

I. Background and Company Overview of Windsor Brokers

Windsor Brokers recently introduced its own trader insurance package, which is operational for its Belizean, Seychelles and Kenya operations. With a capital adequacy ratio of 43.82% (five times the regulatory requirement), the brand has gone to some lengths to provide assurance to its clients on its ability to meet its payment obligations.

Some of the endearing features of Windsor Brokers are:

• A dynamic leverage system is available to enable traders adjust their risk on high-volume trades. This is based per instrument and not based on the entire account capital.
• Trader insurance to the tune of 5,000,000 euros, as an extra backup to ensure protection of traders' capital.
• A trading education suite made up of videos and ebooks for the benefit of new traders.

II. Trading Platforms and Tools

The only platform offered by Windsor Brokers is the MT4 platform. It comes as a webtrader, a mobile version and a desktop client.

In addition to this platform, there are several tools on the platform for your benefit.

• Actionable analysis is provided by the in-house team of analysts on a daily basis. This comes in the form of technical outlook reports.
• Trading ideas of the potential movements of selected assets are posted weekly.
• There are a host of forex calculators on the platform. A margin calculator, pip calculator and profit calculator are provided.
• Get access to the day's pivot points using the Pivot Point Calculator.
• Use the swing highs and swing lows to get the latest Fibonacci retracement levels with the Fibonacci calculator.

III. Account Types and Spreads

There are three account types on Windsor Brokers.

1. Zero account
2. Prime account
3. VIP Zero account

The Zero account is for heavy traders who want to pay virtually no spreads. Spreads start from 0.0 pips on FX majors, but trades attract commissions to the tune of $8 per standard lot (round turn). The minimum deposit requirement on this account is $1,000. There is no swap-free version for this account and no form of training is provided by the personal account manager.

The Prime account comes with a $50 minimum deposit and the spread is from 1.0 pips on FX majors. No commissions are charged on trades. There is a swap-free option, available on request. Training is provided by the account manager.

The VIP Zero account is for the high rollers. This account for high net-worth individuals comes with one-on-one training by technical analysts. This is a step-up from the Zero account and so only holders of that account can apply to become VIP Zero account holders, subject to meeting the requirements.

IV. Contract Specifications

What are the contract specifications of the assets listed for trading on Windsor Brokers?

• Maximum leverage for Zero and Prime accounts is 1:1000.
• Negative balance protection is available for all account holders.
• Margin call and stop out levels are set to 100% and 20%, respectively.
• Traders under the Kenyan and Jordanian divisions of Windsor Brokers get a maximum leverage of 1:400 and 1:500, respectively.
• Minimum trade size for FX pairs is 0.01 lots.
• Maximum order size is 50 lots.

V. Security and Regulation

Windsor Brokers operates out of several jurisdictions and is regulated in several of these markets.

The international operations of this brand are handled by Windsor Brokers International Ltd, a company regulated by the Financial Services Authority of Seychelles with license number SD072.

In the EU, the brand is operated by Windsor Brokers Ltd, authorized by CySEC with license number 030/04.

Windsor Brokers (BZ) Limited operates the brand in the Caribbean, licensed and authorized by the Financial Services Commission of Belize.

In Africa, the brand is operated by Windsor Markets (Kenya) Limited, licensed by the Capital Markets Authority in Kenya.

In the MENA region, the brand is operated by Seldon Investments (Jordan) Ltd, authorized by the Jordan Securities Commission.

Residents of the US are prohibited by local regulation from accessing Windsor Broker's products and services. Residents of the European Economic Area (EEA) can only access the brand's EU-regulated product.

VI. Customer Support and Education

Customer support on Windsor Brokers is available on the following channels:

• Email: support@windsorbrokers.com
• Phone: +44 1145519650; +44 3301280930
• Twitter: twitter.com/windsorbrokers
• Facebook: facebook.com/windsorbrokers
• Live chat

Conclusion

If your preference is to have trading conditions that have been carefully selected to match your area of domicile, then Windsor Brokers should be a major consideration as you pick a forex broker to trade with.