Two regulated forex brokers clash over trust, cost, and platform access. The matchup contrasts ATFX's broader regulatory coverage and 300 instruments with Windsor's raw spreads and MT4/MT5.
ATFX edges Windsor Brokers on the editorial score, supported by top-tier regulation and a 300-instrument offering; Windsor Brokers provides raw spreads.
Find out which broker best suits your trader profile.
Choose ATFX if…
Choose ATFX if you want top-tier regulation and a 300-instrument offering.
Choose Windsor Brokers if…
Choose Windsor Brokers if you want MT4 and MT5 access with a long track record. You also get raw spreads.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Windsor Brokers offers tighter spreads from 0.00 pips vs 1.80 pips for ATFX, reducing trading costs.
| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ATFX | Windsor Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: ATFX rates 4.2/5 and Windsor Brokers rates 4/5. ATFX has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Windsor Brokers starts from 0 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
ATFX has no minimum deposit, while Windsor Brokers requires at least $100. This makes ATFX more accessible for traders with limited starting capital.
ATFX holds top-tier regulation (FCA, FSCA, CySEC), providing stronger investor protections. Windsor Brokers may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: ATFX has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
ATFX lists maximum leverage of 400:1, while Windsor Brokers lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Windsor Brokers charges $8 per lot on commission-based accounts. Commission details for ATFX are not currently available. Check their website for up-to-date pricing.
ATFX supports MetaTrader 4, while Windsor Brokers supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. Windsor Brokers has exclusive access to MetaTrader 5.
ATFX wins for safety & regulation because it holds FCA licensing alongside CySEC and FSCA.
Windsor Brokers wins for active traders, thanks to MT4/MT5 access, ECN Zero 0.0 pips, and higher leverage.
Windsor Brokers is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Windsor Brokers wins for platform choice with MT4 and MT5.
ATFX wins for beginners with zero minimum deposit and accessible pricing.
Fees & Spreads 30% weight | 3.8 / 5 | 4.0 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 3.8 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2017 | 1988 |
|---|
| Headquarters | London, United Kingdom | Nicosia, Cyprus |
|---|
| Min Deposit | No minimum▼ lower | $100 |
|---|
| Spreads From | 1.8 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $8/lot |
|---|
| N/A | 0.8 pips |
| Max Leverage | 400:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA FSCA CySEC | CySEC FSCA |
|---|
| Platforms | MetaTrader 4 | MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
35+ years of continuous operation, one of the longest track records in retail forex
CySEC regulated with EU investor protections
ECN Zero account from 0.0 pips + $8 commission
Islamic swap-free accounts available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
MT4 only, no MT5, cTrader, or proprietary platform
Standard spreads from 1.8 pips are not ECN-competitive
Relatively young broker, founded 2017
No raw spread account option
Limited charting capabilities
Cons
Platform limited to MT4 and MT5, no cTrader or proprietary option
$100 minimum deposit on standard accounts
ECN commission slightly above IC Markets and Pepperstone
No top-tier regulatory licence
Limited charting capabilities
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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