TPFx vs Windsor Brokers Forex Broker Comparison
A head-to-head comparison of TPFx and Windsor Brokers across regulation, trading costs, platforms, and editorial scoring.
A fully BAPPEBTI-licensed and OJK-registered Indonesian broker, offering domestic traders compliant access to forex and commodity futures markets.
VS
Score 4 / 5
2 bonusesOne 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.
Our Verdict
Windsor Brokers winsby 0.3 pts
Windsor Brokers edges ahead with a score of 4/5 vs TPFx's 3.7/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Windsor Brokers offers tighter spreads from 0 pips vs 1.5 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
Windsor Brokers has a stronger safety profile: compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Windsor Brokers has a cost edge: tighter spreads from 0 pips.
Best for platform choice
Recommended
TPFx offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Windsor Brokers edges out TPFx with a higher editorial score (4/5 vs 3.7/5), indicating a stronger overall experience for new traders.
TPFx vs Windsor Brokers: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.7/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.2 / 5▲ |
Fees & Spreads 30% weight | 3.7 / 5 | 4.0 / 5▲ |
Platforms & Tools 20% weight | 3.7 / 5 | 3.8 / 5▲ |
Customer Support 10% weight | 3.7 / 5 | 4.0 / 5▲ |
| Founded | 2010 | 1988 |
| Headquarters | Jakarta, Indonesia | Nicosia, Cyprus |
| Min deposit | $60 | $100 |
| Spreads from | 1.5 pips | 0 pips |
| Commission / lot | N/A | $8/lot |
| Max leverage | 100:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | BAPPEBTI OJK | FSCA CySEC |
| Platforms | MetaTrader 5 Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit TPFx | Visit Windsor Brokers |
TPFx vs Windsor Brokers Forex Broker Pros & Cons
Pros
BAPPEBTI-licensed and OJK-registered - full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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 available to Indonesian residents - no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
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
TPFx vs Windsor Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
TPFx
criteria win
3
Windsor Brokers
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | TPFx | Windsor Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | 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 | 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 | Fail | Pass |
TPFx vs Windsor Brokers: Frequently Asked Questions
Based on our independent editorial scoring, Windsor Brokers ranks higher with a score of 4/5 vs 3.7/5 for TPFx. The best choice still depends on your individual trading needs; TPFx and Windsor Brokers may each suit different trader profiles.
Windsor Brokers offers tighter spreads starting from 0 pips, compared to TPFx's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
TPFx has a lower minimum deposit of $60, while Windsor Brokers requires at least $100. This makes TPFx more accessible for traders with limited starting capital.
TPFx is regulated by BAPPEBTI, OJK. Windsor Brokers is regulated by FSCA, CySEC. Always confirm a broker's current regulatory status before opening an account.
For beginners: TPFx has a lower minimum deposit ($60), lowering the barrier to entry; Windsor Brokers offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
TPFx offers maximum leverage of 100:1, 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.
TPFx supports MetaTrader 5, Proprietary Web/Mobile and Windsor Brokers offers MetaTrader 4, MetaTrader 5; both support MetaTrader 5; TPFx exclusively offers Proprietary Web/Mobile; Windsor Brokers exclusively offers MetaTrader 4.
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Score 3.7 / 5
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