BlackBull Markets and Windsor Brokers clash on regulation, investor protection, and platform choices. Both target active traders, yet their regulatory footprints and compensation schemes pull in different directions.
BlackBull Markets and Windsor Brokers are closely matched, but Windsor offers an investor compensation scheme that BlackBull does not.
Find out which broker best suits your trader profile.
Choose BlackBull Markets if…
Choose BlackBull Markets if you want no-deposit requirement on standard accounts and access to MT4, MT5, and cTrader.
Choose Windsor Brokers if…
Choose Windsor Brokers if you value CySEC regulation with investor compensation and MT4/MT5 ECN Zero accounts.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 4.1/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.2 / 5▲ |
Pros
Supports all three major platforms: MT4, MT5, and cTrader
Regulated under FSC, well-established for offshore clients
No minimum deposit on standard account
Good for Asia-Pacific timezone traders
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | BlackBull Markets | 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) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | 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 | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: BlackBull Markets rates 4.1/5 and Windsor Brokers rates 4/5. BlackBull Markets 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.
Both BlackBull Markets and Windsor Brokers start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
BlackBull Markets has no minimum deposit, while Windsor Brokers requires at least $100. This makes BlackBull Markets more accessible for traders with limited starting capital.
BlackBull Markets holds top-tier regulation (FSC, FMA), 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: BlackBull Markets 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.
BlackBull Markets lists maximum leverage of 500:1, 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.
BlackBull Markets charges $6 per lot, lower than Windsor Brokers's $8 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports cTrader, MetaTrader 5, TradingView, DXtrade, MetaTrader 4, while Windsor Brokers supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. BlackBull Markets has exclusive access to cTrader and TradingView and DXtrade.
BlackBull Markets wins for safety and regulation due to top-tier regulators and segregated funds.
BlackBull Markets wins for active traders with MT4/MT5 and multiple platforms.
BlackBull Markets is better suited for scalpers: lower commission ($6/lot).
BlackBull Markets wins for platform choice with MT4/MT5 plus cTrader, TradingView, and DXtrade.
BlackBull Markets is best for beginners due to zero minimum deposit.
BlackBull Markets wins for instrument variety with 26,000 instruments.
Fees & Spreads 30% weight | 4.3 / 5▲ | 4.0 / 5 |
|---|
Platforms & Tools 20% weight | 4.0 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
|---|
| Founded | 2014 | 1988 |
|---|
| Headquarters | Auckland, New Zealand | Nicosia, Cyprus |
|---|
| Min Deposit | No minimum▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot▼ lower | $8/lot |
|---|
| 0.6 pips▼ lower | 0.8 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| 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 | FSC FMA | CySEC FSCA |
|---|
| Platforms | cTrader MetaTrader 5 TradingView DXtrade MetaTrader 4 | MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
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
ECN commission of $6/lot round-turn is above some peers
Customer support timezone is NZ-centric
Brand recognition outside APAC is limited
No investor compensation scheme
No proprietary platform
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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