Windsor Brokers Review 2022

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Windsor Brokers offers MT4 trading on forex, stocks, commodities and more.

  • Best Multi-Trading Platform 2018 - Global Brands Magazine
  • Best CSR Company 2018 – International Finance Magazine
  • Most Transparent Forex Brokers 2018 - Jordan Forex Expo
  • Most Trusted Forex Broker 2017 - UK Forex Awards
  • Best Forex Provider 2014 - China International Expo
  • Best Forex Broker 2011 - Middle East Forex Expo
Bonus$30 no deposit bonus
InstrumentsForex, CFDs, indices, shares, commodities, treasuries
Demo AccountYes
Min. Deposit$100
Payment Methods
Min. Trade0.01 lots
Regulated ByCySEC (Cyprus), IFSC (Belize), JSC (Jordan)
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
P2P TradingNo
Auto TradingYes
Social TradingYes
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
  • Gold
  • Silver
CFD TradingTrade across financial markets with online CFD products.
CFD GBPUSD Spread0.5
CFD Oil Spread0.03
CFD Stocks SpreadVariable
CFD Leverage1:30 EU, 1:500
Forex TradingTrade close to 50 leading and emerging currency pairs.
Forex GBPUSD Spread0.5
Forex EURUSD Spread0.2
Forex EURGBP Spread0.5
Forex Assets44
Risk Warning – Your capital is at risk

Windsor Brokers is an established forex and CFD trading broker. Our review covers spreads, no deposit bonus promotions, MT4 platform downloads and more. Find out whether to open an online trading account with Windsor Brokers.

Windsor Brokers Details

Windsor Brokers was established as an investment firm in 1988. The company has two arms: Belize-based Windsor Brokers (BZ) Ltd, regulated by the International Financial Services Commission and the Jordan Securities Commission, and Cyprus-based Windsor Brokers Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC).

With these branches combined, Windsor Brokers offers its financial services to clients in over 80 countries, including Thailand, Indonesia, Malaysia, South Africa, Dubai, Kenya and Iran.

MetaTrader 4 Trading Platform

Following the registration and login process, clients can download the MetaTrader 4 (MT4) platform. Used by millions of traders worldwide, MT4 offers market-leading features, including:

Windsor Brokers MT4 platform
Windsor Brokers MT4 platform

MT4 WebTrader

The browser-based version of MT4 offers one-click trading without a software download. The same breadth of indicators and drawing tools are available with the web-based platform. WebTrader is compatible with most operating systems and provides full data encryption, so it’s safe to use.

MT4 Multiterminal

Windsor Brokers (BZ) also offers trading via the MT4 Multiterminal platform, an additional component of MT4 that lets clients trade on multiple accounts (up to 128) simultaneously. This can prove useful for advanced traders handling many accounts or professional investors.

Windsor Brokers does not offer MT5 integration.


Clients at Windsor Brokers can trade on a range of financial instruments:

Although the range of assets available at Windsor Brokers is broad, they could improve their rating in this review by offering cryptocurrencies and binary options trading.

Spreads & Commission

Spreads at Windsor Brokers vary by account type. For Prime account holders, the EUR/USD spread is typically 1.5 pips while with the Zero account, the same spread is around 0.2 pips, though it can drop to zero. Crude oil spreads go as low as 0.03 pips while zero-point spreads are available on indices and shares. Generally, spreads are competitive and comparable with the offering from large providers such as the IG Group.

As a result of low spreads, Windsor Brokers offers a fixed round turn commission of $8, which may be the preferred choice for clients executing large volume trades vs the risk of volatile spreads.


Windsor Brokers (BZ) Ltd offers maximum leverage at the following rates:

In line with EU regulations, the European branch of Windsor Brokers offers maximum retail leverage of 1:30. Professional traders can access the greater leverage rates listed above.

MT4 Mobile App

Trading is also accessible on phones and tablets through the MT4 mobile app, which can be downloaded from the Apple App Store or Google Play Store for iOS and APK users. The mobile app offers all the main platform features including interactive charts and analytical tools. In addition, it provides the functionality to chat with other traders.

MT4 mobile app
MT4 mobile app

Payment Methods


Windsor Brokers (BZ) requires a minimum deposit of $100 with their Prime account and $2,500 with their Zero account. Accepted deposit methods include Visa and Mastercard, plus e-wallets like WebMoney and Skrill. Aside from WebMoney, deposits are free to make.

With Windsor Brokers Ltd, most of the same payment methods are available, but there is a 3% transaction fee. Clients can expect same-day processing from both branches.


Withdrawal requests are also processed the same-day at Windsor Brokers, though at both branches a 3% or £3 fee is charged per transaction. Funds are returned to the same credit card, e-wallet or bank as the deposit was made from, except when using a credit card where more than six months has elapsed. In this instance, funds will be transferred to a named bank account. Withdrawal times and periods depend on the initial payment method.

Note the broker may require identification documents to process withdrawals.

Demo Account

Prospective traders can sign up for a demo account from the Windsor Brokers website. The demo simulator does not require a real-money deposit and allows traders to get a grasp of the MT4 trading platform before they decide to invest.

Bonuses & Promos

Our review was pleased to see Windsor Brokers (BZ) currently offers a free Prime account $30 promotion. This no deposit welcome bonus is available to clients opening their account with USD as their base currency, and cannot be transferred or withdrawn. Full bonus terms and conditions are available on the Windsor Brokers website.

Windsor Brokers (BZ) also offers a deposit bonus of up to $10,000 where the broker will match 20% of the client’s deposit. Clients must deposit at least $500 to claim this promotion and bonus withdrawals are prohibited.

Windsor Brokers Ltd does not currently have promotional offers advertised on their website, which is unsurprising as CySEC-regulated providers are not permitted to offer incentive promotions or bonuses.

Windsor Brokers Regulations

Windsor Brokers (BZ) is regulated by the International Financial Services Commission in Belize and caters to clients globally except the US, EU, and Belize. The branch is also regulated under the holding company Seldon Investments Ltd by the Jordan Securities Commission and accepts clients from Jordan and Arabic regions, with an office in Amman.

Windsor Brokers Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is authorised by the Financial Conduct Authority (FCA). This branch mainly caters to traders from the EU. This broker offers negative balance protection, an assurance that reduces risk as it prevents you from losing more than the amount you deposited. Windsor Brokers is also a member of the Investor Compensation Fund which ensures funds being unreasonably withheld from the client are compensated back to them.

Overall, our review gives Windsor Brokers a good ranking for trust based on these features.

Additional Features

Windsor Brokers (BZ) has a blog with a technical outlook and news section, publishing daily articles on world events and subsequent market effects. The broker also offers an economic calendar and forex calculators, and websites are available in several languages including Farsi.

This broker ranks particularly highly in our review for their strong education department:

Windsor Brokers economic calendar
Windsor Brokers economic calendar

Account Types

Traders can open Prime or Zero MT4 accounts at Windsor Brokers (BZ):

The Prime option offers a low minimum deposit, no commission charges, and training to equip you with useful trading skills. This account is geared towards novice and casual traders.

The Zero account is meant for more experienced traders and offers low spreads starting at 0 pips, but charges a commission of $8 per round trip and training is not provided.

Those with larger bankrolls may be interested in applying for a VIP Zero account, which comes with a dedicated client manager and one-to-one meetings with technical analysts.

Windsor Brokers Ltd offers an account similar to the Prime with low spreads, commission-free CFD trading, and 1:30 leverage. Professional clients can also apply and benefit from increased leverage rates up to 1:500.

The account verification process is quick and easy across all accounts.


Trading with Windsor Brokers has several advantages:


Downsides of opening an account include:

Trading Hours

Users can access the customer trading portal 24/7, however trading times vary depending on the market. Most asset classes at Windsor Brokers can be traded throughout the week, and some markets also have weekend trading hours.

Customer Support

The customer support team can be contacted through the following channels:



Windsor Brokers Ltd

A live chat function is also available on both websites from the chat logo. However upon writing this review, we were not connected to an agent, so traders may find the alternative channels more useful.


Windsor Brokers have a thorough privacy policy to ensure client data is collected and handled securely. This broker also uses firewalls, encryption, and authentication protocols to protect against unauthorised access or misuse of data.

Windsor Brokers Verdict

Windsor Brokers is a good choice for both beginner and advanced traders, offering forex and CFD trading with low spreads and a wealth of educational resources, in addition to no deposit bonus promotions and CySEC regulation. Our review would like to see improvements in the European offering to match the wide asset and account range of the BZ-branch of the firm.

Accepted Countries

Windsor Brokers accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Windsor Brokers from United States, Japan, Belgium.

Compare Windsor Brokers

Compare Windsor Brokers with similar brokers that accept traders from your location. Among available brokers these are the most similar to Windsor Brokers:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

Windsor Brokers Comparison Table

Compare Windsor Brokers With Similar Brokers
Windsor Brokers AAAFx InstaForex IG Group World Forex
Rating 3.9 4.1 4.4
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $100 $10 $/€1 £250 $1
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.1 lots 0.01 Lots
Regulators CySEC (Cyprus), IFSC (Belize), JSC (Jordan) HCMC (Greece), FSCA (South Africa) BVI FSC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin SVGFSA
Bonus $30 no deposit bonus 100% Deposit Bonus available for Global clients 30% – 100% Welcome Bonus 100% Deposit Bonus
Education No No Yes No
Platforms MT4 MT4, MT5 MT4, MT5 MT4 MT4, MT5
Leverage 1:30 EU, 1:500 1:30 EU, 1:500 Global 1:1000 1:30 1:1000
Payment Methods 4 9 11 6 10
Detailed Comparison Windsor Brokers vs AAAFx Windsor Brokers vs InstaForex Windsor Brokers vs IG Group Windsor Brokers vs World Forex
Review Windsor Brokers
IG Group
World Forex

Compare Trading Instruments

Compare Windsor Brokers Trading Instruments
Windsor Brokers AAAFx InstaForex IG Group World Forex
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No No Yes No
Silver Yes No Yes Yes Yes
Corn No No No No No
Crypto No Yes Yes Yes Yes
Futures No No Yes Yes No
Options No No No Yes No
ETFs No No Yes Yes No
Bonds No No Yes No
Warrants No No No No
Spreadbetting No No No Yes No
Volatility Index No No No Yes No

Windsor Brokers vs Other Brokers

Compare Windsor Brokers with any other broker by selecting the other broker below.

Windsor Brokers vs


Is Windsor Brokers a trustworthy broker?

Windsor Brokers is a safe and well-established broker with good website security. This broker has given clients access to the markets for over thirty years and has won awards for its transparency and customer service.

Is Windsor Brokers regulated?

Windsor Brokers is regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and by the International Financial Service Commission of Belize. Seddon Investments also use the Windsor Brokers brand name and are regulated by the Jordan Securities Commission.

What is the minimum deposit at Windsor Brokers?

The minimum deposit accepted is $100, offered on the Prime account type. This low deposit amount is similar to other leading brokers and makes Windsor Brokers accessible for beginners.

What platforms are offered by Windsor Brokers?

Windsor Brokers provides the MetaTrader4 platform. MT4 offers market-leading technical analysis alongside one-click trading, and is available as downloadable software, on internet browsers and as a mobile app.

Does Windsor Brokers offer any bonuses?

Windsor Brokers (BZ) Ltd offers a free account $30 promotion and a $10,000 deposit bonus that credits traders with up to 20% of their deposit.

Windsor Brokers offers MT4 trading on forex, stocks, commodities and more.