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Do you want to know which is the better broker between Deriv and Windsor Brokers ?
In the table below, you can compare the features of Deriv , Windsor Brokers side by side to determine the best fit for your needs.
EURUSD: 0.1
XAUUSD: 0.6
Long: -10.65
Short: 3.57
Long: -25.62
Short: 12.69
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of deriv, windsor-brokers lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Detail |
Regulation | Suspicious clone |
Market Instrument | forex, stocks & indices, cryptocurrencies, commodities, and derived |
Account Type | CFDs trading, options trading, and multipliers trading |
Demo Account | yes |
Maximum Leverage | 1:1000 |
Spread | N/A |
Commission | N/A |
Trading Platform | Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API |
Minimum Deposit | $5 |
Deposit & Withdrawal Method | online banking, credit/debit cards, e-wallets and cryptocurrencies |
Deriv's story began in 1999, the year Regent Markets was founded by an entrepreneur in partnership with a financial mathematician to develop algorithms for the world's first fixed-odds trading system for retail investors. 2000 saw Regent Markets' first office in Malta, where it acquired its first binary options. In 2001, Regent Markets launched BetOnMarkets.com, the first platform to offer binary options to retail traders. In 2004, Regent Markets opened a second office in Malaysia, and in 2013, BetOnMarkets.com was renamed Binary.com. The new brand can offer more features and market ranges. In 2005, the Malta Financial Services Authority (MFSA) granted Binary.com a Class III investment services license, authorizing Binary.com to offer investment services to EU investors. Binary.com added CFDs, a popular form of derivatives trading used by retail traders in 2016. In 2018, Binary.com opened its third office in Labuan, Malaysia, and in 2019, it opened offices in Dubai and Paraguay. Deriv.com continues its global expansion with the opening of offices in Cyprus and Rwanda, as well as two new offices in Ipoh and Malaysia.
Here is the home page of this brokers official site:
As for regulation, it has been verified that Deriv holds suspicious clone Malta Financial Services Authority - MFSA, Vanuatu Financial Services Commission - VFSC, and the British Virgin Islands Financial Services Commission - FSC licenses. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.43/10. Please be aware of the risk.
Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Deriv offers traders 100+ tradable assets, including forex, stocks & indices, cryptocurrencies, commodities, and derived.
Account Types
Apart from free demo accounts, Deriv offers three types of trading, CFDs trading, options trading, and multipliers trading.
CFDs trading: A CFD (contract for difference) allows you to trade on the price movement of an asset, without buying the underlying asset.
options trading: Options are products that allow for payouts from predicting market movements, without needing to buy the underlying asset.
multipliers trading: Deriv multipliers combines the upside of leverage trading with the limited risk of options.
Leverage
Deriv offers flexible leverage up to 1:1000. This allows users to take larger position sizes by putting down a small deposit, known as margin, to increase potential returns. Margin requirements and leverage levels vary depending on the account and jurisdiction you register an account from.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
Deriv offers traders a choice of 8 trading platforms, including Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API. The MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Trading Hours
Trading at Deriv.com is available 24/7, following respective market operating hours. With that said, weekend trading usually sees a reduction in volume, resulting in less competitive spreads.
Deposit & Withdrawal
Deriv accepts deposits and withdrawals from traders' investment accounts via online banking, credit/debit cards, e-wallets and cryptocurrencies. The minimum initial deposit requirement is said to be just $5. The broker says to process all deposits and withdrawals within 1 day, however, withdrawals may take up to 15 working days to reflect on your card.
Fees
Additionally, an unspecified dormant fee may be charged to accounts inactive for 12 months.
Customer Support
Customer support is available 24/7 through:
Telegram, Email: marketing@deriv.com
Help Centre – The self-service portal can assist with a range of queries, from account questions to platform issues.
Live Chat – Live chat support is now available direct from the website.
You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn.
Company address: Level 3, W Business Centre, Triq Dun Karm, Birkirkara, BKR 9033.
Pros & Cons
Pros | Cons |
• Multiple trading instruments and payment methods offered | • Suspicious clone |
• Demo accounts available | • No specific information on spreads & commissions |
• Low minimum deposit (5 USD) | |
• MT5 supported |
Frequently Asked Questions (FAQs)
Q 1: | Is Deriv regulated? |
A 1: | No. It has been verified that the licenses (MFSA, VFSC, and FSC) that Deriv holds are all suspicious clones. |
Q 2: | At Deriv, are there any regional restrictions for traders? |
A 2: | Yes. Their services are not available in certain countries, including the USA, Canada, and Hong Kong. |
Q 3: | Does Deriv offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Deriv offer the industry-standard MT4 & MT5? |
A 4: | Yes. Deriv supports MT5 and other trading platforms. |
Q 5: | What is the minimum deposit for Deriv? |
A 5: | The minimum initial deposit with Deriv is said to be just $5. |
Q 6: | Does Deriv charge a fee? |
A 6: | Like every forex broker, it charges a dormant fee but not specified. |
Q 7: | Is Deriv a good broker for beginners? |
A 7: | No. Deriv is not a good choice for beginners. Although it advertises very well, it lacks legitimate regulations, so trading with them is dangerous. |
Registered in | Cyprus |
Regulated by | CYSEC, FSC, FSA |
Year(s) of establishment | More than 20 years |
Trading instruments | Currency pairs, indices, commodities, metals, stocks, ETFs |
Minimum Initial Deposit | $100 |
Maximum Leverage | 1:500 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4 |
Deposit and withdrawal method | VISA, MASTERCARD, WebMoney, UnionPay, wire transfer, NETELLER |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
General information and regulations of Windsor Brokers
Windsor Broker Ltd, founded in 1988, is an European brokerage firm that has been providing financial services to retail, corporate and institutional investors worldwide for many years, offering a wide range of financial instruments, with a diverse staff and a growing client base worldwide.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, stocks, ETFs .....Windsor Brokers allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Windsor Brokers.
Spreads and commissions for trading with Windsor Brokers
It is commendable that in the trading instruments interface, Windsor Brokers provides a detailed table showing the spreads, margin requirement, pip value, and stop levels of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.
Account Types for Windsor Brokers
Demo Account: Windsor Brokers provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Windsor Brokers does not provide much real account information, so how much is require for the minimum initial deposit is not clear yet.
Trading platforms offered by Windsor Brokers
Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.
Leverage offered by Windsor Brokers
The maximum leverage offered by Windsor Brokers is only 1:30, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.
Deposit and withdrawal methods and fees
In terms of deposits and withdrawals, Windsor Brokers offers these payment methods: VISA, MASTERCARD, WebMoney, UnionPay, wire transfer, NETELLER. The clients may put the cursor on the logo to see detailed information. For example, for VISA withdrawals, there is a 3 USD/EUR/GBP fee for every transaction.
Educational resources
A series of educational resources is available at Windsor Brokers, such as videos, eBooks and glossary.
Customer support of Windsor Brokers
Below are the details about the customer service.
Language(s): English, Polish, French, etcetera
Service Hours: 24/5
Address: Spyrou Kyprianou 53, Windsor Business Center, 3rd Floor, Mesa Geitonia, 4003 Limassol, Cyprus
Mail: support@windsorbrokers.eu
Phone number: +357 25 500 700
Fax: +357 25 500 555
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of Windsor Brokers
Advantages:
Well regulated
MT4
Sufficient information
Educational resources
Many instruments available
Demo account
Negative balance protection.
Disadvantages:
Complaints
Withdrawal fees
No MT5
No copy trading
Frequent asked questions about Windsor Brokers
Is this broker well regulated?
Yes, it is currently effectively regulated by CYSEC, FSC, FSA
Does this broker offer negative balance protection?
Yes, Windsor Brokers offers negative balance protection, which means you will never lose more than the money you deposited.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive deriv and windsor-brokers are, we first considered common fees for standard accounts. On deriv, the average spread for the EUR/USD currency pair is -- pips, while on windsor-brokers the spread is 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
deriv is regulated by MFSA,VFSC,FSC. windsor-brokers is regulated by CYSEC,FSC,FSA,BaFin.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
deriv provides trading platform including -- and trading variety including --. windsor-brokers provides trading platform including Standard account,ECN VIP,ECN Standard and trading variety including Foreign exchange, precious metals, CFDs.