Windsor BrokersForex Broker ReviewUp to 500:1 leverage

35+ years of CySEC-regulated operation

Windsor Brokers has been operating since 1988, one of the longest track records of any Cyprus-based broker. CySEC (030/04) brings MiFID II protections for EU clients, while FSCA (48021) covers South African traders. MT4 and MT5 cover all account types: the ECN Zero account delivers raw EUR/USD spreads from 0.0 pips, among the tightest available, with an $8 round-turn commission, while the Prime standard account runs from 1.0 pips on EUR/USD spread-only, above the ECN average. Minimum deposit is $100 on standard accounts and $500 on ECN Zero.

ECN Zero and Prime: two-tier spread pricing

The ECN Zero account targets active traders with EUR/USD raw spreads from 0.0 pips, among the tightest available, with an $8 round-turn commission, placing EUR/USD all-in cost at approximately 0.8 pips equivalent, above IC Markets ($7) and Pepperstone ($7) on a per-lot basis. Windsor is marginally more expensive for high-frequency scalpers but competitive for swing traders who hold positions across multiple sessions. The Prime standard account suits lower-frequency traders who prefer spread-only pricing without commission overhead.

Protections

ICF compensation up to EUR 20,000 is in place for CySEC-regulated clients. Segregated funds and negative balance protection are both maintained, meeting the full MiFID II retail client protection standard for EU investors. South African FSCA clients are covered under local regulatory requirements.

Where it falls short

MT4 and MT5 only: no cTrader, no proprietary platform. The $8 ECN round-turn commission is above IC Markets ($7) and Pepperstone ($7). No third-party research integration.

Bottom line

Windsor Brokers suits EU retail traders who want a long-established CySEC-regulated broker with over 35 years of continuous operation, MiFID II investor protections, and ECN pricing on MT4 or MT5. Not the right choice for traders who need cTrader or the absolute lowest commission rates.