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Windsor Brokers Windsor Brokers Review

Windsor Brokers Review - Is scam or good forex broker?

RATING: 3 / 9 REVIEWS ForexBrokerz Windsor Brokers


Trading Accounts


Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads (and Commission)
MT4 $100 0.01 1:400 0.4 pips + $4*


*Commission is calculated per standard lot of 100 000 units per side.


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 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 Ltd.



Windsor Brokers (BZ) Ltd.




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.


Trading Conditions


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:




Trading Platforms


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 - a simplified web-based platform. Currently, it is not offered to the broker's clients. Windsor Brokers offers them another alternative – the feature rich, multi-device WindsorAMO platform, which allows users to trade more than 600,000 financial assets from 100 markets globally from a single account.





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 Brokers is a well-regulated FX and CFD broker that offers trading in great variety of instruments on two trading platforms. The main problem with Windsor Brokers is that its applies a salty commission to FX trading. To sum up the above, here are the advantages and drawbacks with regards to this broker:


Pros     Cons
One of the oldest forex brokers in the industry, with CySEC license Comparatively high commission fees
Tight spreads    
Choice of trading platforms, MT4 available  
High leverage levels provided, as well as access to Traders room  


Latest news about Windsor Brokers
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Windsor Brokers


Variable spreads as low as 2 pips
Typical spreads: EUR/USD - 3 | GBP/USD – 4 | USD/CHF - 5 | USD/JPY - 3



Wide spreads during normal market conditions

No commissions 

Max 5 pip spreads during news releases





No slippage during normal market conditions


Slippage during news releases





No requotes during normal market conditions

Max Deviation feature - traders are able define max market order slippage

Some requotes during news releases


Price feed



No fractional pips

No Spikes

No Price Manipulation 







Metatrader 4.0

Very intuitive and easy to handle

Decent charts


Custom indicators

Mobile ready 

Trailing stop is server based

No Web Platform 








Bank Wire

Credit Card 

Bank Wire

Credit Card 

Customer service



Friendly Customer service reps


Request A Call

Live Chat










Max 5 pip spreads during news
Metatrader 4.0
Decent price feed
UK Regulated 

Wide spreads during normal market conditions
Some requotes 


regarding Forex trading

My name is Keith Stephenson. I am a
Canadian ESL teacher here in Central china.
I just started a job where I will be making about 2500 US a month.
Is it possible that your Hong Kong office can contact me about doing business
with your company.
Please ask them to send me general information of your products and the name of a female representative from your Hong Kong office.
Thanks for allowing me to present this matter to you.
keith stephenson

keith stephenson 03/20/2019


I think this broker is scam. It happened to me, i've made a profit. when im about to withdraw, it takes 3 days until now they said it was under investigation. When i asked them what is the investigation is about? They said, its about bonus that i received.

Im using hedging system for trading and trading is more than 5 minutes. The most shame thing did by this broker is, they cancel my live chat whenever i want to contact them. it says 'live chat is cancelled due to no agent is available'. I asked my friend to contact them using live chat, he can contact the agent.

so, please dont trade with this broker.

Mohd Awis Aiman Bin Abdullah 12/12/2018

little payement test ( bonus account ) still waiting

i requested a little payement via my bonus account in this broker ( the platform is so good little spread and commission ) but im thinking that they will not pay anyone im talking about a little amoubt of 60$ not recieived and still waiting

sidou094 07/10/2018

Your money will get stolen by Windsor not lost

Dear Forex community,

Windsor Brokers are thieves and we have all the documents proving this or else I won't be writing this. You are lucky they did not steal your money YET; since they were committing their efforts in stealing our money. They advised us to deal with a broker in Egypt and every thing went smooth st the beginning then after we saw the profits we injected more investments and this was a part of their plan. After a while the BI was kidnapped and hit harshly by some people we know nothing about them till now ( very professional) and he went into comma. Hence we checked our accounts in Windsor that we injected our money directly to their banks and discovered that our investments were hedged loooong time ago and our money is lost yet still receiving profits to our accounts!!!!!! Very mesterious. Who is after all this dilemma???!!! You tell me. We are putting their CEO, Mr. Jonny Abo Eitta into prison very soon. I'm talking about 500 clients from Egypt.

Forexbrokerz Team:

Dear Karim, we are sorry to hear that you've lost your money. However it looks like you've been scammed by the local IB, not by Windsor Brokers. Never trust IBs offering managed accounts and promising high returns.

Karim shalaby 05/03/2017

best broker WD

Windsor Brokers The best one ranking all brokers and very popular


yashar 08/26/2013

Please look at this thread, Windsor is a liar

Please look at this thread, Windsor is a liar

chu 05/30/2013

At that time you threaten me, do not remove the principal complaint is not even to me, so I had to delete a complaint, but now I want to tell all investors, you are fraudulent, deleted all my profits, I have complained to regulators in Cyprus and in the major forum posting your bad behavior, the purpose is not to get back profits, let more people cheated

chu 05/30/2013


We cannot really understand the reason for referring to an old issue now, considering that the same issue was raised on the 9th of November 2012 on Forex Peace army website and was resolved, whereas the client was provided with the required information to which he confirmed that he agreed to.

As such the issue was resolved and the client himself, after withdrawing the funds from his account, stated publicly on Forex Peace Army as issue resolved and that Windsor is very good.

Furthermore the client ended his relationship with Windsor since the 19 of November when he withdrew all his funds held by his account and has never traded with Windsor since then.

WindsorBrokers 05/27/2013 Fraud 10,000 dollars

My Account number: 140012
Investor Password(read only): unfair888
MT4 platform download:

My orders are Resersed and Reopened on 2012.11.08 (November 8, 2012)
Ticket #8655271
opened at 2012.10.17 11:30, closed at 2012.10.17 12:42
get profits $193.00

On 2012.11.08 (November 8, 2012)
First, they creat a ticket #8753823 resersed my ticket #8655271 and voied -$193 profits
(please see the ticket #8753823)
Then, they reopened a ticket #8753885 with $167 profits
(please see the ticket #8753885)
They stole -$26 from my ticket #8655271


And so on, they Resersed and Reopened too many orders on 2012.11.08 (November 8, 2012),
they stole total -$9539.56 from my account.

Orders closed should be done, they have no rights reopen my closed orders.
I believe that you are a fair and impartial organization. You should not be allowed the company who undermine your credibility.
I am sure that you will give me a fair judgment.

chu 05/23/2013

Windsor,is very good

I am a Chinese trader ,account is 140012 ,my Account issues have been resolved, hereby affirm, we believe Windsor, very good

chu 11/16/2012


Windsor Brokers Ltd. (“Windsor”) is an European, Regulated firm, that has been in the financial markets since 1988. All practices with clients are conducted based on the prior agreement between both parties.
Windsor does not accept false accusations of being liars or that money are taken from clients’ accounts, without a valid reason.

Legally and ethically Windsor cannot discuss trading issues related to any client in public but any clients’ complaints can be directed to Windsor and, as usual, will be treated in accordance with the terms and conditions included within the agreements signed between the two parties.

WindsorBrokers 11/12/2012

windsor is a big liar

I am a Chinese trader in transactions, account for 140,012, I deposit 2600 dollars in my account balance reaches $ 10,000, which is 11 balance on the 8th, Windsor canceled all myprofit, and did not give me a reasonable explanation, I think this practice is very bad
Windsor company is very black, malicious into the customer account, the abolition of all profits, abominable practices, please stay away from

chu 11/09/2012

Wrong info about Windsor brokers

As a client i have found that the above information is not accurate minimums are:

minimum deposit: $2,500
minimum lot size: 100k
max leverage: 200:1

Mini Account:
minimum deposit: $250
minimum lot size: 10k
max leverage: 400:1

Micro Account:
minimum deposit: $25
minimum lot size: 1k
max Leverage: 200:1

Jane 12/07/2009

Hi, i disagree with the ratings above, i have been with Windsor for a just under a year now and i have had excellent service. i agree with Kepros re the advantages. The customer service is excellent and with live chat you recieve a response to all your questions immediately. i opened an account and was up and trading within a day.

Jane 09/30/2009

Windsor brokers will often requote you

I have been trading on a live account with this broker for nearly a year. Trading EUR/USD is not a problem but have seen spreads on other currencies like GBP/USD go to 20 plus pips. Requotes are often. Website is pretty average in terms of information and news feed to MT4 is thin. Customer service is not bad but they can get aggressive if you disagree with them. So not great either. Other than that no major problems.

Tafrica 07/27/2009

Nearly everytime I place an order with Winsor Brokers I get requoted

I've been using the Windsor Direct MT4 demo platform for about a week now. Nearly everytime I place an order...I get requoted...not once, but sometimes four or five times! It's almost funny, except for I know there are people experiencing this with a live account. Absolutely crazy!

S.J.Colar 07/27/2009

Windsor brokers remove your stop losses every day

I am not sure how these guys got 4 star rating but they are one of the worst I have tried for 2 reasons-

1. They apparently remove your stop losses EVERY DAY- I got an email acting like this was normal and acceptable when I asked what happened to my stops!!!!!!!!!!!!!!!!!!!!!!!!!

2. They have removed the trailing stop feature from metatrader!

Mr. T, USA 07/27/2009

Windsor brokers: fast execution, reliable platform and hedging

I have been trading with them for 2months, Very professional customer support, Reliable platform and very fast execution.

What I like most is their low margins crude oil and dowjones in addition to stop out level. The account is only stopped out if the margin level reaches 5% which is a grate flexibility.

They allow hedging and even on stop out they do not close positions they hedge which allows me to support my account and unhide profiting position.

Their online account opining is very easy and I can fund my account via Credit Card. Spread on forex is reasonable and stable most of the times. I would recommend them to any professional and even beginners.

kepros 06/30/2009
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