Windsor Brokers Forex Broker Review

35 years of operation

Windsor Brokers was founded in 1988 - predating the public internet and making it one of the few retail forex brokers with a multi-decade uninterrupted operating history. This longevity is meaningful: the broker has survived multiple market crises, regulatory overhauls, and the transition from phone-based to electronic trading. The CySEC licence, held since the regulator's early licensing regime, provides EU MiFID II-compliant client protections.

Account types and costs

Windsor offers three account types: Prime (standard, spreads from 1.0 pip, no commission), Zero (ECN, spreads from 0.0 pip, $8 round-turn commission per lot), and Islamic (swap-free, standard spreads). MT4 and MT5 are available on all accounts. The Zero account's $8 commission is slightly above the most competitive ECN desks (IC Markets, Pepperstone: $7) but not materially so for moderate-volume traders.

Regulation and safety

CySEC regulates Windsor Brokers' Cypriot entity. EU clients receive ESMA leverage caps, negative balance protection, and ICF compensation up to EUR 20,000. FSCA regulation covers South African and sub-Saharan African clients. Client funds are held at Tier 1 banks in segregated accounts.

Strengths and limitations

The 35-year track record and dual-regulator structure are genuine strengths. The platform offering is conventional (MT4/MT5 only) and the proprietary features are limited compared to brokers that have invested in ActivTrader, xStation, or cTrader ecosystems.