This comparison pits NAGA against Windsor Brokers, highlighting how platform choices and instrument ranges shape risk and cost.
NAGA and Windsor Brokers are closely matched in overall offering. NAGA's top-tier regulator status provides the clearest differentiator.
Find out which broker best suits your trader profile.
Choose NAGA if…
Choose NAGA if you value a proprietary social trading platform with auto-copy.
Choose Windsor Brokers if…
Choose Windsor Brokers if you value a long track record and ECN pricing on MT4/MT5.
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 0.70 pips for NAGA, reducing trading costs.
| Editorial score | 4.0/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Pros
BaFin and CySEC regulated, strong EU regulatory stack
NAGA Trader: purpose-built social trading with ranked auto-copy
950+ CFD instruments across multiple asset classes
MT5 available alongside proprietary platform
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | NAGA | 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 | 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 | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
NAGA and Windsor Brokers share the same editorial score of 4/5. One concrete differentiator: NAGA requires a lower minimum deposit.
Windsor Brokers starts from 0 pips, tighter than NAGA's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
NAGA has $50, while Windsor Brokers requires at least $100. This makes NAGA more accessible for traders with limited starting capital.
NAGA holds top-tier regulation (FSCA, BaFin, 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: NAGA requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
NAGA 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 NAGA are not currently available. Check their website for up-to-date pricing.
NAGA supports MetaTrader 5, NAGA Trader, while Windsor Brokers supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5. NAGA has exclusive access to NAGA Trader. Windsor Brokers has exclusive access to MetaTrader 4.
NAGA wins on safety and regulation due to BaFin and CySEC oversight.
Windsor appeals to active traders with MT4/MT5 ECN pricing.
Windsor Brokers is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
NAGA offers a proprietary platform plus MT5, expanding platform options.
Fees & Spreads 30% weight | 3.8 / 5 | 4.0 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.0 / 5 |
|---|
| Founded | 2015 | 1988 |
|---|
| Headquarters | Hamburg, Germany | Nicosia, Cyprus |
|---|
| Min Deposit | $50▼ lower | $100 |
|---|
| Spreads From | 0.7 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $8/lot |
|---|
| N/A | 0.8 pips |
| Max Leverage | 400:1 | 500:1▲ higher |
|---|
| Inactivity Fee | $10/month (after 90 days) | 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 | FSCA BaFin CySEC | CySEC FSCA |
|---|
| Platforms | MetaTrader 5 NAGA Trader | 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
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
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
Inactivity fee triggers after just 90 days
Spreads not competitive with ECN brokers
Copy trading performance dependent on community quality
No raw spread account option
No phone support
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
Score 4 / 5
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