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Do you want to know which is the better broker between MONEX and Windsor Brokers ?
In the table below, you can compare the features of MONEX , Windsor Brokers side by side to determine the best fit for your needs.
EURUSD: 0.3
XAUUSD: --
Long: -3.5
Short: 1.5
Long: -5.07
Short: 3.07
EURUSD: 1.9
XAUUSD: 3.4
Long: -10.99
Short: 3.83
Long: -23.76
Short: 13.63
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 monex, 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:
Registered Country/Region | Japan |
Regulation | FSA |
Minimum Deposit | N/A |
Maximum Leverage | 1:25 |
Minimum Spreads | N/A |
Trading Platform | Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision |
Customer Support | Email & Phone support |
General Information & Regulation
MONEX is an online securities company based in Tokyo, Japan, and wholly owned by the Monex Group. Monex is an online securities company formed through the merger of Monex, Inc. and Nikko Beans
MONEX currently holds a retail foreign exchange license (license number: 1010001064546) from the Financial Services Agency of Japan. MONEX, Inc. is a member of Japan securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association and Japan Investment Adviser Association.
Market Instruments
MONEX provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
MONEX Fees
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms AVailable
MONEX offers a variety of trading platforms for traders to choose flexibly. These trading platforms are Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Deposit and Withdrawal
MONEX offers a wide range of deposit and withdrawal options. Investors can fund their investment accounts through instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers.
Customer Support
Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:
Telephone: +81 0120-430-283
Email: feedback@monex.co.jp
You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.
Pros & Cons
Pros | Cons |
FSA-regulated | No clear Minimum deposit info |
Diversified range of products & services | Average customer support |
Multiple trading platform options | |
Various payment methods |
Frequently Asked Questions
Is MONEX regulated?
MONEX is authorized and regulated by the FSA in Japan under regulatory license number 1010001064546.
What trading instruments does MONEX offer?
Monex provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
What is the minimum deposit amount required by MONEX ?
The minimum deposit amount to trade with Monex is unknown.
What trading platform does MONEX offer?
MONEX provides multiple trading platform options, including Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Can I trade Forex pairs on the MONEX platform?
Yes, you can trade forex on the Monex platform.
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 monex and windsor-brokers are, we first considered common fees for standard accounts. On monex, 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.
monex is regulated by FSA. 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.
monex 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.