Windsor Brokers vs XM Forex Broker Comparison
A head-to-head comparison of Windsor Brokers and XM across regulation, trading costs, platforms, and editorial scoring.
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.
VS
Our Verdict
XM winsby 0.3 pts
XM edges ahead with a score of 4.3/5 vs Windsor Brokers's 4/5. 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 0.6 pips for XM, reducing trading costs.
Best for safety & regulation
Recommended
XM has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Windsor Brokers has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for beginners
Recommended
XM edges out Windsor Brokers with a higher editorial score (4.3/5 vs 4/5), indicating a stronger overall experience for new traders.
Windsor Brokers vs XM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.3 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5 | 4.3 / 5▲ |
Platforms & Tools 20% weight | 3.8 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 4.0 / 5 | 4.4 / 5▲ |
| Founded | 1988 | 2009 |
| Headquarters | Nicosia, Cyprus | Limassol, Cyprus |
| Min deposit | $100 | $5 |
| Spreads from | 0 pips | 0.6 pips |
| Commission / lot | $8/lot | N/A |
| Max leverage | 500:1 | 1000:1 |
| Withdrawal fee | Free | Free for most methods |
| Regulators | FSCA CySEC | ASIC CySEC ASF FSC KNF |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Windsor Brokers | Visit XM |
Windsor Brokers vs XM Forex Broker Pros & Cons
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
Pros
USD 5 minimum deposit
Strong bonus program
Multilingual support
Regulated by top-tier authorities (FCA, ASIC, CySEC)
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
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Cons
Spreads not as tight as ECN-style brokers
Not available to US clients
No raw spread account option
Inactivity fee applies
No proprietary platform
Windsor Brokers vs XM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Windsor Brokers
criteria wins
2
XM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Windsor Brokers | XM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Windsor Brokers vs XM: Frequently Asked Questions
Based on our independent editorial scoring, XM ranks higher with a score of 4.3/5 vs 4/5 for Windsor Brokers. The best choice still depends on your individual trading needs; Windsor Brokers and XM may each suit different trader profiles.
Windsor Brokers offers tighter spreads starting from 0 pips, compared to XM's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
XM has a lower minimum deposit of $5, while Windsor Brokers requires at least $100. This makes XM more accessible for traders with limited starting capital.
XM holds top-tier regulation (ASIC, CySEC, ASF), providing stronger investor protections. Windsor Brokers may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: XM has a lower minimum deposit ($5), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Windsor Brokers offers maximum leverage of 500:1, while XM offers up to 1000:1. 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.
Windsor Brokers supports MetaTrader 4, MetaTrader 5 and XM offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5.
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Score 4 / 5
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