Windsor Brokers Review Summary in 10 Points
Founded	1988
Registered Country/Region	Cyprus
Regulation	CYSEC
Market Instruments	CFDs on forex, spot metals, spot commodities, spot indices, shares, ETFs
Account Types	Prime account, Zero account
Demo Account	Available
Leverage	1:30
EUR/USD Spread	0.2 pips
Trading Platforms	MT4
Minimum deposit	$50
Customer Support	24/5 multilingual live chat, phone, email

What is Windsor Brokers？

Windsor Broker Ltd, founded in 1988 and headquartered in Limassol, Cyprus, 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, including Forex, commodities, indices, and shares, as well as a variety of trading platforms and trading tools. Windsor Brokers Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC, No. 030/04).

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 make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros	Cons
• Regulated by CySEC	• Limited payment methods
• Negative balance protection	• Clients from the USA, Japan and Belgium are not accepted
• Wide range of trading tools	• Limited info on accounts
• MT4 for all devices
• Low spreads and commissions
• Wide product portfolios
• Demo accounts available

Is Windsor Brokers Safe or Scam？

Regulation by a reputable authority like Cyprus Securities and Exchange Commission (CySEC) is a positive factor indicating that Windsor Brokers is a legitimate broker. Additionally, the fact that they offer negative balance protection is also a plus for traders.

Besides, its entity in Belize, Windsor Brokers (BZ) Ltd, is regulated by the Financial Services Commissions (FSC).

Its global entity, Windsor Brokers International Ltd, operates under the regulation of the Seychelles Financial Services Authority (FSA), with license no. SD072.

Market Instruments

CFDs on forex, spot metals, spot commodities, spot indices, shares, ETFs are all available at Windsor Brokers. The broker allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade with Windsor Brokers.

Accounts

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 offers two types of real trading accounts: the Prime Account and the Zero Account. The Prime Account, geared towards support-oriented traders, has a lower $50 minimum deposit and spreads starting from 1.0 pips on major pairs. It provides zero commission on forex CFDs, an $8 commission per lot for crypto CFDs, and includes training resources.The Zero Account targets heavy traders with a $1,000 minimum deposit, zero spreads on major currency pairs, and a maximum leverage of 1:1000. It charges an $8 commission per lot for forex, metals, and crypto CFDs, with no commission on other CFDs. Both accounts offer negative balance protection, personal account managers, a 0.01 minimum trade volume, a 50 lot restriction per ticket, hedging allowance, and a 20% stop-out level with a 100% margin call. Notably, the Zero Account does not support Islamic/swap-free accounts.

Leverage

The maximum leverage offered by Windsor Brokers is only 1:30, which may seem too low to you. Margin requirements for professional clients based on 1:100 leveraged accounts. Other leverages are available to Professional Clients only.

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.

Spreads & Commissions

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.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission per Lot
Windsor Brokers	0.2 pips	$0
BlackBull Markets	0.8 pips	$6
Eightcap	0.6 pips	$3.50
FOREX TB	0.7 pips	$0

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

Windsor Brokers offers traders the popular MT4 trading platform for PC, Mac, WebTrader, Android, iPhone, Android Tablet and iPad, which is ideal for all traders, whether they are professional traders or beginners. MT4 trading platform features powerful charting capabilities, a large number of indicators and algorithmic trading features, a user-friendly interface, a dynamic security system, and multi-terminal functionality.

See the trading platform comparison table below:

Broker	Trading Platforms
Windsor Brokers	MT4, WebTrader
BlackBull Markets	MT4, MT5, WebTrader
Eightcap	MT4, MT5, WebTrader
FOREX TB	MetaTrader 4

Trading Tools

Windsor Brokers provides a variety of trading tools to its clients to help them make informed trading decisions. These tools include market analysis and commentary, an economic calendar, and information on market holidays. Additionally, the broker offers several Forex calculators, such as Profit, Margin, Pip, Fibonacci, and Pivots calculators, which can be useful in managing risk and determining potential profits. By providing these trading tools, Windsor Brokers aims to empower traders with the necessary knowledge and resources to navigate the financial markets.

Deposits & Withdrawals

In terms of deposits and withdrawals, Windsor Brokers offers these payment methods: Credit/debit cards (Visa/MasterCard), WebMoney, Wire Transfer, Neteller and Skrill.

Windsor Brokers minimum deposit vs other brokers

	Windsor Brokers	Most other
Minimum Deposit	$100	$100

The broker does charges fees for deposits and withdrawals, which vary on the payment method. All deposits are processed on the same day, while most withdrawals can be processed on the same day with the exception of wire transfer withdrawal.

More details concerning deposit/withdrawal fees and processing time can be found in the table below:

Payment Options	Fee		Processing Time
	Deposit	Withdraw	Deposit	Withdraw
Credit/debit cards (Visa/MasterCard)	3%	$/€/£3/transaction	Same day	Same day
WebMoney	0.8%	0.8%
Wire Transfer	Vary	Vary $0-30		Vary
Neteller	3%	$/€/£3/transaction		Same day
Skrill	3%	1% - min $/€/£3£

See the deposit & withdrawal fee comparison table below:

Broker	Deposit Fees	Withdrawal Fees
Windsor Brokers	Vary on the method	Vary on the method
BlackBull Markets	None	None
Eightcap	None	None
FOREX TB	None	None

Note: Fees may vary based on the payment method and currency used. Please refer to the broker's website for the most up-to-date information.

Customer Service

Below are the details about the customer service.

Service Hour: 24/5

Live Chat/Fill in Contact Form

Email: support@windsorbrokers.eu

Phone: +357 25 500 700

Fax: +357 25 500 555

Address: Spyrou Kyprianou 53, Windsor Business Center, 3rd Floor, Mesa Geitonia, 4003 Limassol, Cyprus,

Or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Instagram, YouTube and Linkedin.

Overall, Windsor Brokers' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros	Cons
• 24/5 multilingual customer support	• No 24/7 customer support
• Multi-channel support
• Live chat available
• Quick response time for customer inquiries

Note: These pros and cons are subjective and may vary depending on the individual's experience with Windsor Brokers' customer service.

Education

Windsor Brokers offers a variety of educational resources to help traders improve their skills and knowledge. They have a video library that covers topics such as technical analysis, risk management, and trading strategies. They also have a glossary of trading terms and an ebook library that covers a range of topics such as trading psychology, fundamental analysis, and more. These educational resources are available for free to all clients of Windsor Brokers.

User Exposure on WikiFX

On our website, you can see that some users have reported unable to withdraw. 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.

Conclusion

Windsor Brokers is a regulated broker that offers access to multiple markets and trading platforms, as well as a range of trading tools and educational resources. The broker's negative balance protection is a positive feature that helps protect traders from incurring losses beyond their deposited funds.

However, some users have reported difficulties with withdrawals, which may raise concerns about the broker's reliability. Overall, Windsor Brokers appears to be a reputable broker that offers a good range of services, but potential traders should carefully consider the reported withdrawal issues before deciding to open an account.

Frequently Asked Questions (FAQs)

Q 1:	Is Windsor Brokers regulated？
A 1:	Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC).

Q 2:	At Windsor Brokers, are there any regional restrictions for traders？
A 2:	Yes. It does not accept clients from the USA, Japan and Belgium.

Q 3:	Does Windsor Brokers offer demo accounts？
A 3:	Yes.

Q 4:	Does Windsor Brokers offer the industry-standard MT4 & MT5？
A 4:	Yes. It supports MT4.

Q 5:	What is the minimum deposit for Windsor Brokers？
A 5:	The minimum initial deposit to open an account is $50.

Q 6:	Is Windsor Brokers a good broker for beginners？
A 6:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

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.

Registered in	Cyprus
Regulated by	CYSEC, FCA
Year(s) of establishment	2-5 years
Trading instruments	300+ instruments, including Forex, Metals, Indices, Commodities, Futures and Shares
Minimum Initial Deposit	Information not available
Maximum Leverage	1:30
Minimum spread	0.0 pips onwards
Trading platform	MT4, WebTrader
Deposit and withdrawal method	VISAMasterCardMaestroSkrillNetellerDotPay
Customer Service	24/5, Email, phone number
Fraud Complaints Exposure	No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of IronFX

Pros:

• Wide range of trading instruments including Forex, Metals, Shares, Futures and Cryptocurrencies.

• Multiple account types including STP/ECN, Zero Spread and VIP accounts.

• Various deposit and withdrawal methods with no fees from IronFX's side.

• Availability of Islamic accounts for traders adhering to Shariah law.

• Customer support is available 24/5 via phone and email.

Cons:

• Educational resources are not available, which may be a disadvantage for beginner traders.

• The maximum leverage is limited to 1:30, which may not be suitable for high-risk traders seeking higher leverage.

• Limited regulatory oversight, with the company being regulated by only one top-tier regulator.

• High commissions for some account types and instruments, which may result in higher trading costs for traders.

• Limited availability in certain countries, which may restrict access for some potential clients.

What type of broker is IronFX？

Advantages	Disadvantages
IronFX offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' trades, IronFX has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

IronFX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IronFX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that IronFX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with IronFX or any other MM broker.

General information and regulation of IronFX

IronFX is a global online trading platform that provides access to a wide range of financial markets including forex, stocks, metals, commodities, and indices. Founded in 2010, IronFX is regulated by multiple financial authorities and provides clients with access to various trading platforms, including MetaTrader 4 and WebTrader. The company offers a range of account types, trading tools, and educational resources to cater to the needs of traders with different levels of experience. IronFX has won numerous awards for its products and services, including Best FX Broker, Best Trading Platform, and Best Customer Service Provider.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Wide range of instruments	Some instruments may have low liquidity
Opportunity for diversification	Some instruments may have wide spreads
Variety of currency pairs	Trading too many instruments can be overwhelming
Access to different asset classes	Complexity of tracking multiple instruments

IronFX offers over 300 trading instruments, including forex, metals, indices, commodities, futures, and shares. This wide range of options provides traders with the opportunity to diversify their portfolios and take advantage of various market conditions. With over 80 currency pairs, including major, minor, and exotic pairs, IronFX provides access to a range of global markets. While some traders may find the number of available instruments overwhelming, this variety provides numerous trading options and the opportunity to capitalize on different market trends. However, some instruments may have low liquidity, leading to wider bid-ask spreads, and high volatility, leading to greater risk exposure. Additionally, trading a large number of instruments may require a greater amount of research and analysis, and some instruments may have high margin requirements, leading to greater risk and capital requirements.

Spreads and commissions for trading with IronFX

Advantages	Disadvantages
Low spreads on certain account types and instruments	Lack of transparency on minimum deposit
Competitive commissions for certain account types	Lack of information on swap rates
No commissions on certain account types and instruments	Limited information on other trading costs such as slippage or overnight fees
Wide range of instruments to trade

IronFX offers a range of spreads, commissions, and other costs depending on the account type and instrument traded. For example, the live floating spreads of EURUSD in VIP account can be as low as 0.6 pips, which is highly competitive. Additionally, IronFX provides competitive commissions for certain account types, such as $10 per lot on STP/ECN Zero Spread account for trading EURUSD. On the other hand, IronFX lacks transparency in providing information on minimum deposit and swap rates, which may be a disadvantage for traders. Additionally, the lack of information on other trading costs such as slippage or overnight fees may be a drawback for traders who want to accurately assess the total cost of trading with IronFX. Despite these drawbacks, IronFX offers a wide range of instruments to trade, providing traders with multiple options to diversify their portfolio.

Trading accounts available in IronFX

Advantages	Disadvantages
Wide range of account types to choose from	Minimum initial deposit not disclosed
Multiple base currency options	Zero fixed spread account may have high commission fees
Flexible leverage up to 1:30
Commission-free trading available

IronFX offers a variety of account types to cater to the different needs of traders, including standard accounts, premium accounts, VIP accounts, zero fixed accounts, no commission accounts, zero spread accounts, and absolute zero accounts. Traders can choose between fixed and floating spreads, as well as commission and non-commission accounts. The minimum lot size is 0.01, making it easier for traders to manage their risk, and the base currencies include USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK, and BTC. However, IronFX does not disclose the minimum initial deposit, which can be a disadvantage for some traders. Additionally, the leverage offered is limited to 1:30, which may not be suitable for more aggressive traders.

Live Floating/Live Fixed Spreads

Account Type	Standard	PREMIUM	VIP	ZERO FIXED
Spreads from:	1.8	1.6	1.4	0
Flexible Leverage up to	1:30	1:30	1:30	1:30
Base Currency	USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK	USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK	USD	USD
Minimum Lot Size	0.01	0.01	0.01	0.01
Commission	No	No	No	No

STP/ECN Accounts

Account Type	NO COMMISSION	ZERO SPREAD	ABSOLUTE ZERO
Spreads from:	1.7	0	0.3
Flexible Leverage up to	1:30	1:30	1:30
Base Currency	USD, EUR, GPB. AUD, JPY, CHF, PLN, CZK	USD, EUR, GPB. AUD, JPY, CHF, PLN, CZK	USD, EUR, JPY
Minimum Lot Size	0.01	0.01	0.01
Commission	No	Yes	No

Trading platform(s) that IronFX offers

Advantages	Disadvantages
Two platform options: MT4 and WebTrader	Limited platform options compared to other brokers
MT4 is a widely recognized and popular platform with advanced charting and technical analysis tools	WebTrader may have limited features compared to the desktop version of MT4
MT4 allows for customization with the use of Expert Advisors (EAs) and indicators	No proprietary platform offered
MT4 has a large online community where traders can share ideas and strategies	Learning curve may be steep for new traders unfamiliar with MT4
MT4 is available on desktop, mobile, and tablet devices for convenient access

IronFX offers two platform options for traders to choose from: the popular MetaTrader 4 (MT4) platform and the WebTrader platform. MT4 is a widely recognized platform in the industry known for its advanced charting and technical analysis tools, as well as the ability to use Expert Advisors (EAs) and indicators for customization. It is available on desktop, mobile, and tablet devices, providing convenient access for traders. Additionally, MT4 has a large online community where traders can share ideas and strategies. The WebTrader platform is accessible through a web browser and may have limited features compared to the desktop version of MT4. However, it provides an alternative option for traders who may not be able to download the MT4 platform. One disadvantage of IronFX's platform options is the limited selection compared to some other brokers, and the learning curve may be steep for new traders who are unfamiliar with MT4.

Maximum leverage of IronFX

Advantages	Disadvantages
Allows traders to increase potential profits with a smaller initial investment	High leverage can increase potential losses
Provides flexibility to trade larger positions	Requires strict risk management and trading discipline
Can be suitable for experienced traders with a solid understanding of leverage	Inappropriate use of leverage can lead to margin calls and account liquidation
Can offer opportunities for diversification and risk management	Not suitable for all traders, especially beginners

IronFX offers a maximum leverage of up to 1:30, which allows traders to increase potential profits with a smaller initial investment and provides flexibility to trade larger positions. However, high leverage can increase potential losses, and requires strict risk management and trading discipline to avoid margin calls and account liquidation. Although leverage can offer opportunities for diversification and risk management, it is not suitable for all traders, especially beginners who may not have a solid understanding of leverage. Therefore, traders must carefully consider their risk appetite and experience level before deciding to trade with leverage.

Deposit and Withdrawal: methods and fees

IronFX offers a variety of deposit and withdrawal options for traders. Bank wire transfers have no deposit fees, but may be subject to corresponding and intermediary bank fees. Credit/debit card deposits have a maximum transaction amount of USD 50,000 per transaction and no fees, but withdrawals may have fees up to EUR 1.5 per transaction. Skrill and Neteller deposits have a maximum transaction amount of USD 50,000 per transaction and no fees, but withdrawals have a maximum transaction amount of USD 50,000 per transaction and Neteller withdrawals have a minimum fee of USD 1.00 per transaction. DotPay withdrawals have a maximum transaction amount of PLN 200,000 with no associated withdrawal fees.

Deposit

Credit Card/Debit Card	Deposit Fees	Maximum transaction amount
VISA		USD 50,000 per transaction
MasterCard		USD 50,000 per transaction
Maestro		USD 50,000 per transaction
Bank Wire	Deposit Fees
Bank wire	Depends on the corresponding and intermediary banks. IronFX does not apply any fees.
Skrill	Deposit Fees	Maximum transaction amount
		USD 50,000 per transaction
Neteller	Deposit Fees	Maximum transaction amount
		USD 50,000 per transaction
DotPay	Deposit Fees	Maximum transaction amount
		PLN 200,000

Withdraw

Credit Card/Debit Card	Withdrawal Fees	Maximum transaction amount
VISA	up to EUR 1.5 per transaction	USD 50,000 per transaction
MasterCard	up to EUR 1.5 per transaction	USD 50,000 per transaction
Maestro	up to EUR 1.5 per transaction	USD 50,000 per transaction
Skrill	Withdrawal Fees	Maximum transaction amount
	1% capped to USD 10,000	USD 50,000 per transaction
Neteller	Withdrawal Fees	Maximum transaction amount
	2% capped to USD 30.00 / minimum USD 1.00 per transaction	USD 50,000 per transaction
DotPay	Withdrawal Fees	Maximum transaction amount
	N/A	PLN 200,000

Educational resources in IronFX

Advantages	Disadvantages
N/A	Lack of educational resources
N/A	No access to trading guides
N/A	No webinars or seminars
N/A	No trading videos or tutorials
N/A	No market analysis or news updates

IronFX does not offer any educational resources to its clients, which can be a significant disadvantage for beginner traders who are looking to improve their trading skills and knowledge. The lack of trading guides, webinars, seminars, trading videos, and tutorials can make it difficult for traders to understand how the financial markets work and how to trade successfully. Additionally, without access to market analysis or news updates, traders may struggle to stay informed about the latest developments in the financial markets, which could impact their trading decisions. Overall, the absence of educational resources can limit the potential of traders and make it challenging to stay competitive in the financial markets.

Customer service of IronFX

Advantages	Disadvantages
24/5 support line	No 24/7 support
Email support with response within 24 hours on business days	No live chat support

IronFX offers customer care services through email support and a support line that is available to answer calls 24/5. Customers can expect to receive a response within 24 hours during business days when they send an email to the support team. However, there is no live chat support available, and the customer care services are not available 24/7. Also, the language support provided is limited, which may be a disadvantage for some customers.

Conclusion

Overall, IronFX is a well-established and regulated online brokerage firm offering a wide range of trading instruments, including forex, metals, indices, commodities, and shares, to its clients. The company offers multiple account types and trading platforms, catering to the needs of different types of traders. It also provides its clients with access to various deposit and withdrawal options, as well as a dedicated customer support team. However, the lack of educational resources and limited research tools may make it less suitable for novice traders. Additionally, the high minimum deposit requirement and relatively high fees may make it less accessible for some traders. Nonetheless, IronFX's strong regulation, multiple trading instruments, and flexible account options make it a competitive choice for experienced traders.

Frequently asked questions about IronFX

• Question: What is the maximum leverage offered by IronFX？

• Answer: IronFX offers a maximum leverage of up to 1:30.

• Question: What trading platforms are available at IronFX？

• Answer: IronFX offers both MT4 and WebTrader trading platforms for its clients.

• Question: What are the available deposit methods at IronFX？

• Answer: IronFX offers deposit methods such as credit/debit card (Visa, Mastercard, Maestro), bank wire, Skrill, Neteller, and DotPay.

• Question: Does IronFX charge any deposit fees？

• Answer: IronFX does not apply any deposit fees for bank wire transfers, Skrill, Neteller, and DotPay. However, deposit fees may apply for credit/debit card transactions.

• Question: What are the available withdrawal methods at IronFX？

• Answer: IronFX offers withdrawal methods such as credit/debit card (Visa, MasterCard, Maestro), Skrill, Neteller, and DotPay.

• Question: Does IronFX offer any educational resources for traders？

• Answer: Unfortunately, IronFX does not offer any educational resources for traders.

• Question: What is the customer support availability at IronFX？

• Answer: IronFX offers email support with a response time of 24 hours on business days, and a support line available 24/5 to answer client calls.