WINDSOR BROKERS REVIEW: PROS & CONS
Have you come across this financial app and wonder what it is all about? In this review, we will walk you through the key points to consider when evaluating its features and benefits.
Last Update:
28.6.24
BASIC INFO
WINDSOR BROKERS, a prominent player in the online trading industry, specializes in Forex and CFD trading. With a history of providing quality trading services, the platform is known for its wide range of tradable assets, including stocks, commodities, and indices. WINDSOR BROKERS emphasizes on client education and offers extensive research tools, making it suitable for both novice and seasoned traders. The platform stands out for its commitment to ethical trading practices and client fund security.
Year
1988
HeadQuarters
Cyprus
Service
TRADING
Website
PROS & CONS
PROS
+20 Years in Business
This platform has been in business for over 20 years, demonstrating its experience and reliability. Users can trust the platform's long-standing presence in the industry.
Regulated by a Credible Government Agency
This platform is regulated by a credible government agency, ensuring that it operates in compliance with industry standards and regulations. Regulation provides a level of security and protection for traders, as it requires the platform to adhere to specific rules and guidelines designed to safeguard the interests of market participants. Trading on a regulated platform can enhance trust and confidence in the trading environment.
Fast Registration Process
This platform offers a simple and straightforward registration process, allowing users to quickly create an account and start trading without unnecessary complications.
CONS
Poor Customer Support
This trading platform offers limited customer support, leading to delays in resolving issues or inadequate assistance for traders. With subpar customer support, traders may face challenges in getting timely responses to their inquiries, resolving technical difficulties, or receiving necessary guidance.
Lack of Educational Resources
This trading platform lacks comprehensive educational resources, making it challenging for traders to access valuable learning materials and enhance their trading knowledge. Without access to educational resources, traders may struggle to understand complex trading concepts, strategies, or market analysis, limiting their ability to make informed trading decisions.
APPS
METATRADER 4
Widely-used platform for forex trading. Known for its Expert Advisors (EAs) and customizability.
The screenshot of the MetaTrader 4 (MT4) platform features a dynamic user interface, equipped with multiple essential components for trading. The "Market Watch" window displays a list of the most traded currency pairs, showcasing market liquidity with real-time bid and ask prices. Concurrently, the EUR/USD candlestick chart offers a crisp visualization of market fluctuations over a one-hour period, accentuating bullish trends with green candles.
ACCOUNT OPENING
How to Open a Trading Account with Windsor Brokers
Opening a trading account is a process that involves several key steps to ensure both your trading needs and the broker's regulatory requirements are met. Below, we describe the process in detailed steps:
Visit the Broker's Website: Access the official website (found in the index of this review). Look for the option to open a new trading account, which is usually clearly indicated on the main page.
Complete the Registration Form: Provide your personal details, such as name, address, email, and phone number. Depending on the broker's need to know you better as a client, additional information about your trading experience, employment, and financial situation may be requested.
Identity Verification: Upload documents to verify your identity and residence. This generally includes a photo ID (passport or identification document) and a proof of address (utility bill or bank statement).Set Up Your Trading Account: Configure aspects of your account, such as currency type, leverage, and, in some cases, trading preferences.
Deposit Funds: Make an initial deposit using one of the payment methods accepted by the broker (We detail the alternatives later).
Access the Trading Platform: Download and install the trading platform. Log in with your account details.
Practice with a Demo Account (Optional): Practicing trading with virtual funds before risking real money means you won't be surprised when using real money.
Start Trading: Once your account is set up and funded, you can start trading.
How to Deposit
Once you have decided how much to deposit and which method to use, making the deposit is simple and quick. Just follow these steps:
Log in to your newly created account.
Click on "Deposit Funds".
Enter the amount and select the currency.
Finally, select your chosen deposit method. Don't worry, it's a secure and private process. Transactions are communicated using Secure Socket Layer (SSL) technology.
Below we show you the available alternatives.
Deposit & Withdrawal Methods
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ASSETS & SERVICES
Windsor Brokers offers a range of financial assets, including:
Currency Pairs (Forex): Currency pairs are one of the most popular assets in trading. Investors can speculate on the fluctuation of exchange rates between major currencies, such as EUR/USD, GBP/JPY, and USD/JPY.
Stocks: It allows the buying and selling of CFDs of stocks of companies listed on various stock exchanges worldwide. This allows investors to invest in leading companies like Apple, Amazon, Microsoft, and many others.
Stock Indices: Stock indices represent the performance of a group of stocks on a specific stock exchange. Investors can trade indices such as the S&P 500, FTSE 100, and DAX, allowing them to diversify their portfolios.
Commodities: Commodity assets include crude oil, gold, silver, natural gas, corn, coffee, and other basic commodities. Investors can speculate on the price movements of these commodities, which are often influenced by economic and geopolitical factors.
Cryptocurrencies: You can trade CFDs on a variety of cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Litecoin.
REGULATION
Cyprus
CySEC
Cyprus Securities and Exchange Commission
Belize
IFSC
Financial Services Commission of Belize
Selected Feedback of Windsor Brokers on Trustpilot
If you want to open an account with Windsor Brokers and browse the internet to find opinions from real users, you have come to the right place. What do we mean by 'real users'? Well, what other platform comparison sites do is give you their own opinion. But this is not 100% reliable. It just doesn't sound good.
We have searched for the most representative positive and negative opinions to describe the experience on this platform. How did we do it? We checked out trustpilot.com, the largest global website collecting information from services. Real users of every good or service on which an opinion can be given leave their comments on them at Trust Pilot. This section collects good and bad thoughts representing the “heard on the street” comments regarding the Broker.
Here is a detailed analysis of Windsor Brokers based on user reviews on Trustpilot:
Overall Rating: Windsor Brokers has a rating of 2.8 out of 5 on Trustpilot, indicating mixed customer satisfaction.
Positive Aspects: Some users have praised the Qatar office for offering good spreads, swap-free accounts, WB cards for easy funding and withdrawal, and free workshops to learn more about forex trading.
Negative Aspects: Numerous users have reported issues with account management, withdrawal delays, and poor customer service. There are accusations of profit cancellations and claims that the broker is a scam.
Payment Methods: Several users have pointed out the lack of support for widely used payment methods such as Skrill and Neteller, limiting withdrawals to bank cards and bank transfers only.
Overall Conclusion: Windsor Brokers presents a mixed reputation with both satisfied and highly dissatisfied customers. Positive reviews highlight specific services and support, particularly in Qatar, while negative reviews focus on withdrawal issues and poor customer service. Evaluating these factors against personal trading needs is essential for making an informed decision.