A head-to-head comparison of Libertex and Windsor Brokers across regulation, trading costs, platforms, and editorial scoring.
Long operational history since 1997, zero spread commission model, and very low $10 minimum deposit - though limited to CySEC regulation and restricted markets.
One of the longest-operating CySEC-regulated brokers, offering standard and ECN accounts on MT4 and MT5 - a solid EU retail offering backed by a track record few Cyprus-based competitors can match.
Windsor Brokers edges ahead with a score of 4/5 vs Libertex's 3.9/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0 pips.
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Libertex offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Windsor Brokers edges out Libertex with a higher editorial score (4/5 vs 3.9/5), indicating a stronger overall experience for new traders.
| Editorial score | 3.9/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.8 / 5 | 4.2 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5 | 4.0 / 5 |
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.8 / 5 |
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
| Founded | 1997 | 1988 |
| Headquarters | Limassol, Cyprus | Nicosia, Cyprus |
| Min deposit | $10 | $100 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | N/A | $8/lot |
| Max leverage | 999:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | CySEC | FSCA CySEC |
| Platforms | MetaTrader 4 Proprietary Web/Mobile MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Libertex | Visit Windsor Brokers |
Pros
Very low $10 minimum deposit
Zero spread commission model - transparent cost per trade
Long operational history since 1997
MT4, MT5, and proprietary Libertex platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
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
Only CySEC regulated - limited jurisdiction coverage
Commission multiplier model can be confusing for new traders
Not available in many major English-speaking markets
No top-tier regulatory licence
No raw spread account option
Inactivity fee applies
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Libertex | Windsor Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | 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 | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | 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 |
Based on our independent editorial scoring, Windsor Brokers ranks higher with a score of 4/5 vs 3.9/5 for Libertex. The best choice still depends on your individual trading needs; Libertex and Windsor Brokers may each suit different trader profiles.
Both Libertex and Windsor Brokers offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Libertex has a lower minimum deposit of $10, while Windsor Brokers requires at least $100. This makes Libertex more accessible for traders with limited starting capital.
Libertex is regulated by CySEC. Windsor Brokers is regulated by FSCA, CySEC. Always confirm a broker's current regulatory status before opening an account.
For beginners: Libertex has a lower minimum deposit ($10), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Libertex offers maximum leverage of 999:1, while Windsor Brokers offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Windsor Brokers charges $8 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Libertex supports MetaTrader 4, Proprietary Web/Mobile, MetaTrader 5 and Windsor Brokers offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5; Libertex exclusively offers Proprietary Web/Mobile.
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