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Windsor Brokers Review

Overall, Windsor Brokers is considered low-risk, with an overall Trust Score of 88% out of 100Windsor Brokers is licensed by two Tier-2 Regulators (average trust), and three Tier-3 Regulators (low trust). Windsor Brokers offers three different retail trading accounts as well as Demo and Islamic accounts. Windsor Brokers is currently not regulated by the CMA of Botswana.

Updated : November 17, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

002 candlestick

Range of Markets

007 fees


001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question


Overall Rating

Min Deposit

USD 100 / 1 296 BWP


Trading Desk

MetaTrader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours


👉 Overall, Windsor Brokers is considered low risk, with an overall Trust Score of 88 out of 100. Windsor Brokers is licensed by zero Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and three Tier-3 Regulators (low trust).


👉 Windsor Brokers offers three retail trading accounts: an MT4 Prime Account, MT4 Zero Account, and VIP ZERO Account.


👉 Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Nigerian investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital that you cannot afford to lose because you could incur a loss of part or your entire original investment.



👉 Windsor Brokers accepts Nigerian clients and has an average spread from 0.0 pips to 8 USD round-turn commissions. Windsor Brokers has a maximum leverage ratio of up to 1:400 for Nigerians and 1:400 for other regions.


👉 A demo and Islamic account are available, and MT4 and the Windsor Brokers platforms are supported. Windsor Brokers is headquartered in Cyprus and regulated by FSC, CySEC, JSC, FSA, and CMA.


Analysis of Windsor Brokers’ Main Features

Order Execution3/5
Commissions and Fees4/5
Range of Markets3/5
Variety of Markets4/5
Withdrawal Speed3/5
Customer Support3/5
Trading Platform3/5
Mobile Trading4/5
Trust Score88%


Top 3 Windsor Brokers User Reviews

➡️ Windsor Brokers has an overall rating of 2.7/5 on Trustpilot.

➡️ Windsor Brokers has an overall rating of 2.5/5 on Forex Peace Army, leading to the broker filing a lawsuit against traders over biased negative reviews and posts across forums.


👉 JimKen (September 14, 2023) – “Hi all, first of all I can’t believe Windsor broker can be rated so low like this while I have the perfect experience with them. I created account with $30 bonus they’re giving new clients. I read about some people complaining they don’t pay their profit make from the bonus account, I’m sorry to hear that but I guess some of this people did not read the terms and condition attached to it, there’re rules. Because I just receive mine from them, after submitting a request for withdraw, I was promised to receive it in three days and I did. Every time I contact their customer care, they always attend on time and solve the problem and their spread is good, I have a good experience using their service, and I will gladly continue to use it.” (Quoted verbatim from Trustpilot)


👉 Israel Eleojo (July 31, 2023) – “Windsor Broker is a good broker though… I’m suprised by the bad review… As for their no deposit bonus; it works perfect. I hope you try your own side well before judging, these guys have been here for 30years” (Quoted verbatim from Trustpilot)


👉 Noah Stringer (September 19, 2021) – “Very bad broker. Withdrawal comission is more than 3,2% for Visa. Dont trade with this broker. If you’re looking for a real site then check out (cointraderoption.com) they’re paying and I have received more than $44000 so far. so far you need to do away with unprofitable investors and join that which would give you a 10% bonus even on your first referral.” (Quoted verbatim from Trustpilot)


Latest Existing/Previous Customer Comments on Windsor Brokers for 2023

👉 The most recent customer comments on Windsor Brokers date to 2017, and there have not been any recent comments on Forexpeacearmy.


Detailed Summary of Windsor Brokers

👉 Windsor Brokers, one of the region’s oldest real estate agencies, was established in 1988 and is an industry veteran.


👉 The sole indicators of a safe trading environment are their overall performance and capital adequacy ratio of 56%, which is much higher than the regulatory minimum.


👉 Windsor Brokers is an international brokerage firm with branches in Cyprus, Jordan, Seychelles, Belize, and Kenya.


👉 Since its inception in 1988, the company has specialized in assisting clients with over-the-counter derivatives trading. The broker stands out owing to the vast selection of instruments accessible for trading and the cheap cost of transactions.


👉 Windsor Brokers has included the world-recognized MetaTrader 4 platform, enabling traders to perform in-depth technical analysis and execute sophisticated transactions.


Advantages that Windsor Brokers has over competitors

➡️ When trading with Windsor Brokers, you have access to a powerful weapon called leverage, which allows you to double your beginning balance potentially and, in turn, your profit potential.

➡️ The several Windsor Brokers businesses provide varying degrees of security.

➡️ Thailand, Indonesia, Malaysia, South Africa, Dubai, Kenya, and Iran are just a few more than 80 countries where Windsor Brokers serves customers.

➡️ You may choose between two different account kinds, each of which is subdivided into subtypes based on the trading platforms and transaction volumes you want to use.

➡️ Windsor has decided to use the most popular platform in the business to power its market execution software. MT4’s robust charting capabilities and wide selection of indicators make it a great fit for traders of all skill levels and trading approaches.


Who will Benefit from Trading with Windsor Brokers?

👉 Different account kinds and a wealth of supporting materials make Windsor Brokers’ service suited for both novice retail traders and high-volume professional traders.


👉 For progressive account growth, the former might profit from the instructional resources and trading tools offered by Windsor Brokers. In contrast, high-volume traders may benefit from the reduced spreads offered by Windsor Brokers with a Zero account.

Windsor Brokers’ Geographic Reach and Limitations

Distribution of Traders

👉 Windsor Brokers currently has the largest market share in these countries:

➡️ Cyprus – 9.05%

➡️ Iran – 8.89%

➡️ Jordan – 8.6%

➡️ Thailand – 7.93%

➡️ Turkey – 7.32%


Windsor Brokers Current Expansion Focus

👉 Windsor Brokers’ services are focussed globally, and the broker has recently expanded across Africa.


Countries not accepted by Windsor Brokers

➡️ United States

➡️ Belize

➡️ Japan

➡️ Belgium


Popularity among Nigerian traders who choose Windsor Brokers

👉 Windsor Brokers is one of the top 100 brokers for Nigerian traders since it provides its services to investors in Africa and numerous other international markets.

Windsor Brokers At a Glance

🏛️ HeadquarteredCyprus
🏙 Global OfficesCyprus, Kenya, Seychelles, Belize, Jordan
👍 Local Market Regulator in NigeriaCentral Bank of Nigeria (CBN)
💰 Foreign Direct Investment in Nigeria39.16 billion USD (as of June 30)
💵 Foreign Exchange Reserves in Nigeria41.96 million USD (March 31)
🏢 Local office in LagosNo
🗣 Governor of SEC in NigeriaOlufemi Lijadu (Chairperson)
✔️ Accepts Nigerian Traders?Yes
🗓 Year Founded1988
📞 Nigerian Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Instagram
• Twitter
• YouTube
• LinkedIn
⚖️ RegulationFSC, CySEC, JSC, FSA, CMA
1️⃣ Tier-1 LicensesNone
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange Commission (CySEC)
• Capital Markets Authority (CMA)
3️⃣ Tier-3 Licenses• Financial Service Commission (FSC) Belize
• Jordan Securities Commission (JSC)
• Financial Services Authority (FSA) Seychelles
🪪 License Number• Belize – 000153/179, 000153/180
• Cyprus – 030/04
• Jordan – 200168191
• Seychelles – SD072
• Kenya – 156
⚖️ CBN RegulationNone
💵 Regional RestrictionsUnited States, Japan, Belgium, Belize
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
💻 PAMM AccountsNo
💧 Liquidity ProvidersNone
✔️ Affiliate ProgramYes
📈 Order ExecutionInstant, Market
📊 Starting spread0.0 pips
💰 Minimum Commission per Trade$8 Round Turn
💵 Decimal PricingUp to 5 digits after the comma
📞 Margin Call100%
🛑 Stop-Out20%
📊 Minimum Trade Size0.01 lots
📈 Maximum Trade Size50 lots
Crypto trading offered?Yes
✔️ Offers an NGN Account?No
🤝 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage• 1:400 for Nigeria
• 1:500 for other regions
📊 Leverage Restrictions for Nigeria?No
💵 Minimum Deposit (NGN)0 NGN / 0 USD
✔️ Nigerian Naira Deposits Allowed?No
💰 Active Nigerian Trader Stats200,000+
👤 Active Nigerian-based Windsor Brokers customersUnknown
🔄 Nigeria Daily Forex Turnover2.13 billion USD (March 31)
💰 Deposit and Withdrawal Options• Credit Card
• Debit Card
• Bank Wire Transfer
• Skrill
• Neteller
• WebMoney
👤 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal TimeMaximum 5 to 7 working days
💵 Instant Deposits and Instant Withdrawals?Yes
✔️ Segregated Accounts with Nigerian Banks?No
💻 Trading Platforms• MetaTrader 4
• Windsor Brokers App
📊 Tradable Assets• Forex
• Spot Metals
• Energies
• Soft Commodities
• Indices
• Treasuries
• Spot Indices
• Forex CFDs
• Precious Metals
• Shares
• Crypto CFDs
💰 Offers USD/NGN currency pair?No
💵 USD/NGN Average SpreadNo
✔️ Offers Nigerian Stocks and CFDsNone
🗣 Languages supported on the WebsiteEnglish, Arabic, Chinese Simplified, French, Malaysian, Korean, Thai, Indonesian, Vietnamese, Spanish, Japanese, Portuguese
✅ Customer Support LanguagesMultilingual
👥 Copy Trading SupportNo
🗣 Customer Service Hours24/5
📞 Nigerian-based customer support?Yes, via Email, Live Chat, and Telephone
💵 Bonuses and Promotions for NigeriansNo
📚 Education for Nigerian beginnersYes
💻 Proprietary trading softwareYes
👤 Most Successful Nigerian TraderUche Paragon ($16 million+ Net Worth)
💵 Is Windsor Brokers a safe broker for Nigerians?Yes
✅ Rating for Windsor Brokers Nigeria7/10
✔️ Trust score for Windsor Brokers Nigeria88%
👉 Open AccountOpen Account

Windsor Brokers Regulation and Safety of Funds

Regulation and Safety of Funds

Windsor Brokers Regulation in Nigeria

👉 The local market regulators in Nigeria are as follows:

➡️ Central Bank of Nigeria (CBN)


👉 While Windsor Brokers is regulated globally, the broker does not yet have local regulations or licenses in Nigeria. However, Windsor Brokers is a popular and trustworthy broker that accommodates Nigerian traders.


Windsor Brokers Global Regulations

👉 Windsor Brokers is well-regulated as follows:

➡️ Windsor Brokers Ltd is a Cypriot investment firm authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 030/4.

➡️ Belize’s International Financial Service Commission (IFSC) has approved and regulated Windsor Brokers (BZ) Ltd. as a broker. In addition, this Windsor branch manages the www.Windsorbrokers.com website for Windsor brokers worldwide.

➡️ Windsor Brokers services the Arab world through the Jordanian company Seldon Investments Ltd. The Jordan Securities Commission (JSC) approves and regulates it.

➡️ Windsor Markets (Kenya) Limited, license number 156, is registered and regulated by the Capital Markets Authority (CMA) in Kenya.

➡️ The Financial Services Authority (FSA) of Seychelles has issued license number SD072 to Windsor Brokers International Ltd.


How Windsor Brokers Protects Traders and Client Funds

👉 Since it meets MiFID regulations, Windsor Brokers can promote its services across the European Economic Area (EEA).


👉 If Windsor Brokers Ltd. declares bankruptcy, qualifying traders and investors may claim compensation up to the maximum amount permitted under the Investors Compensation Funds (ICF), which is €20,000.


👉 Windsor Brokers is currently a well-established firm in the financial investment market, with over 200 employees.


👉 Overall, there is a lot of transparency at Windsor Brokers. However, it falls short in a few areas, such as the availability of legal information on a handful of its overseas subsidiaries.


Security while Trading

👉 If traders are looking into Windsor Brokers, they should know that the marketplace has a strict privacy policy to protect the security of all customer information.


👉 The platform employs various security measures to prevent data theft, fraud, and account takeover, including encryption, authentication, and firewalls.


👉 The leadership at Windsor Brokers displays an all-encompassing and dynamic global regulatory environment consistent with a market maker’s perspective.

Windsor Brokers Awards and Recognition

👉 The many awards Windsor Brokers has won throughout the years are evidence of their unparalleled commitment to their clientele. To that end, Windsor Brokers prioritizes cultivating a positive and healthy work environment for its employees.

➡️ These are just a few of the recent honours that Windsor Brokers has received:

➡️ Jordan Financial Exchange (JFEX) Most Trusted Broker in 2021 award winner.

➡️ The Global Brands Magazine UK named us the Best Multi-Trading Platform of 2018.

➡️ The International Finance Magazine (IFM) in the United Kingdom has named the company “Best CSR Company in 2018.”

➡️ For 2018, International Business Magazine named them “Best Forex Customer Service Provider.”

➡️ The International Financial Word Forum has named them the Best Forex Broker in Malaysia in 2018.

Windsor Brokers Account Types and Features

👉 High-volume traders may choose the Zero account’s lower spreads, even if the Prime MT4 account is better suited to the needs of casual investors.


👉 Thus, a VIP Zero account could provide even better conditions for professional traders.


💻 Live Account💸 Minimum Dep.📊 Average Spread💵 Commissions📈 Average Trading Cost
MT4 Zero1.09million NGN / 2,500 USD0.0 pips8 USD8 USD
MT4 Prime43,700 NGN / 100 USD1 pipNone10 USD


Windsor Brokers Live Trading Account Details

MT4 Zero Account

👉 The following are some of the features that make this account ideal for high-frequency, high-volume traders in Nigeria:

Account FeatureValue
📉 Minimum Deposit1.09 million NGN or an equivalent of $2,500
📈 Average spreadsFrom 0.0 pips
💵 Commission charges$8 Round Turn
📊 Maximum Leverage1:500 for other regions, 1:400 for Nigeria
💰 Minimum Trade Volume0.01 lots
💸 Maximum Trade Volume50 lots
💵 Hedging Allowed?Yes
☪️ Islamic Account?Not available
✅ Negative Balance Protection?Yes
✔️ Personal Account Manager offered?Yes
📉 Account base currenciesUSD, EUR, GBP, or JPY
💻 Training offered?No
🛑 Stop-Out20%
📞 Margin Call100%


MT4 Prime Account

👉 Prime Accounts are a good fit for casual traders with flexible trading objectives and strategies. An MT4 Prime Account offers the following advantages:

Account FeatureValue
📉 Minimum Deposit43,700 NGN or an equivalent of $100
📈 Average spreadsFrom 1 pip
💵 Commission chargesNone
📊 Maximum Leverage• 1:500 for other regions
• 1:400 for Nigeria
💰 Minimum Trade Volume0.01 lots
💸 Maximum Trade Volume50 lots
💵 Hedging Allowed?Yes
☪️ Islamic Account?Yes
✅ Negative Balance Protection?Yes
✔️ Personal Account Manager offered?Yes
📉 Account base currenciesUSD, EUR, GBP, or JPY
💻 Training offered?Yes
🛑 Stop-Out20%
📞 Margin Call100%


VIP ZERO Account

👉 Nigerians who are experienced traders and have access to sizable capital should open this account. The procedure of upgrading calls for a “Zero trading account.” Windsor Brokers offered one-on-one access to its technical expertise, reduced commission rates, and other perks.


Windsor Brokers Demo Account

Demo Account

👉 If you’re interested in trading, Windsor Brokers lets you create a demo account to test the waters. Before using real money, prospective traders can become comfortable with the MT4 trading platform using the free demo version of the software.


Windsor Brokers Islamic Account

👉 While using Windsor Brokers, Muslim traders can only convert the MT4 Prime Account to an Islamic or Swap-Free Account.


👉 Traders who want to upgrade to this account type must sign up for an MT4 Prime Account and be approved.


Windsor Brokers Professional Account

👉 You could trade in a low-cost setting with a VIP Zero account at The Windsor Brokers. A personal account manager and direct access to the platform’s technical experts for one-on-one consultations are just two unique features it provides to active traders and investors.


👉 Those with substantial financial resources can use Windsor Brokers’ exclusive VIP Zero account, which is only accessible to those with a Zero account.


Windsor Brokers Spread Betting Account

👉 Windsor Brokers does not offer Spread Betting to UK traders.


Windsor Brokers Base Account Currencies

👉 When opening an account with Windsor Brokers, Nigerians have a choice of four currencies to use as their foundational currency: US Dollars, Euros, Pounds, and Japanese Yen.


👉 However, this restricts trading options for Nigerians and forces them to pay conversion costs whenever they make a deposit or withdrawal in NGN.


Windsor Brokers Basic Order Types

👉 Nigerians should note that slippage could significantly affect the execution price of “market” and “stop” orders in illiquid or highly volatile markets or when markets open with gaps.


👉 In addition, orders may be completed at lower-than-expected or specified prices. It could be difficult to place, change, or execute orders during times of very turbulent markets.


👉 It could also be impossible to place new orders or make changes to existing ones during this time, and there may be delays in execution.


👉 Nigerians can use the following orders when they trade using Windsor Brokers:

➡️ Stop-Loss or Take Profit orders

➡️ Buy-Stop with a preset Stop-Loss

➡️ Sell-Stop with a preset Take Profit

➡️ Sell-Stop with a preset Stop-Loss

➡️ Buy-Limit with a preset Stop-Loss

➡️ Sell-Limit with a preset Stop-Loss

How to open an Account with Windsor Brokers

Account Registration

👉 Follow these instructions to create an account with Windsor Brokers as a Nigerian investor:

➡️ Go to Windsor Brokers’ homepage and click “Open Account” to set up an account.

➡️ After clicking the link, a registration form will appear; please complete it so you can access the User Portal.

➡️ Nigerian users may verify their accounts by inputting their email addresses into the User Portal.

➡️ Traders in need of finalizing account setup might look here.

➡️ After completing all the necessary procedures, traders can fund their accounts and start trading.


Windsor Brokers MAM / PAMM Features

👉 Windsor Brokers does not offer any MAM or PAMM Accounts or options.


Social Trading with Windsor Brokers

👉 Windsor Brokers does not currently offer any social or copy trading opportunities.

Windsor Brokers Vs RoboForex Vs eToro – Broker Comparison

Windsor Brokers RoboForexeToro
💻 Trading Platform• MetaTrader 4
• Windsor Brokers App
• MetaTrader 4
• MetaTrader 5
• R StocksTrader
• R MobileTrader
eToro proprietary platform
💰 Withdrawal FeeYesYesYes
📱 Demo AccountYesYesYes
💵 Min Deposit43,700 NGN ($100)4,300 NGN ($10)87,400 NGN ($200)
📊 Leverage• 1:400 Nigeria
• 1:500 Other regions
1:2000• 1:30 (Retail)
• 1:400 (Pro)
📈 Spread0.0 pips0.0 pipsFrom 1 pip
💸 Commissions$8 Round Turn$10 per million tradedNone
📞 Margin Call/Stop-Out100%/20%• M/C: 40% – 60%
• S/O: 10% – 40%
None indicated
➡️ Order ExecutionMarket, InstantMarketMarket/Instant
✔️ No-Deposit BonusYesYesNo
Cent AccountsNoNoNo
💻 Account Types• MT4 Zero Account
• MT4 Prime Account
• RoboForex Prime Account
• RoboForex ECN Account
• RoboForex R StocksTrader Account
• RoboForex ProCent Account
• RoboForex Pro Account
Standard Account
⚖️ CBN RegulationNoNoNo
✔️ NGN DepositsNoYesNo
✅ NGN AccountNoNoNo
👥 Customer Service Hours24/524/724/6
🛍 Retail Investor Accounts351
☪️ Islamic AccountYesYesYes

Windsor Brokers Trading Platforms

👉 Windsor Brokers offers Nigerian traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ Windsor Brokers App


Desktop Platforms

Desktop Platforms

➡️ MetaTrader 4


👉 As a result of its flexibility, the MetaTrader 4 platform is a good fit for both seasoned forex traders and newcomers.


👉 MT4 is one of the most popular trading platforms because of its advanced charting features, a vast array of available indicators, and potential for use in algorithmic trading.


👉 With MT4’s intuitive interface, advanced security features, and device compatibility, traders may maximize their returns on investment (ROI).


WebTrader Platforms

WebTrader Platforms

➡️ MetaTrader 4


👉 This version works on any device and operating system since it is web-based exclusively. There is no additional software that must be downloaded for usage. Regarding trading platforms, MT4 is at the forefront because of its speed and adaptability.


👉 Due to its wide range of compatibility, the multi-platform MetaTrader 4 (MT4) trading terminal has established itself as the “global standard” in the FX industry.


Trading App

Trading App

➡️ MetaTrader 4

➡️ Windsor Brokers App


MetaTrader 4

👉 MetaTrader 4, a popular trading platform, has a mobile app for iOS and Android. The following capabilities can thus be expected by Nigerians using MT4 mobile:

➡️ Displays, charts, windows, and colour schemes could be customized to meet the preferences of individual traders.

➡️ The ‘Market Watch’ window displays up-to-the-moment quotations for all traded assets, and traders can customize the window to show quotes for just the instruments they’re interested in.

➡️ Several other indicators may be added with a plugin program, joining the three chart types and nine timeframes (from M1 to MN) already available.

➡️ There are 24 indicators used in the comprehensive technical review.


Windsor Brokers App

👉 Using the Windsor Brokers app, you can accomplish more and become a better trader. Use these instruments to monitor the markets, evaluate your transactions, and manage your account.


👉 To ensure that you never miss a trading opportunity, specialized software has been developed that is both user-friendly and thorough. The app’s most useful functions are as follows:

➡️ Receive Push Notifications on Your Mobile Device to Receive Market Updates and Other Important Information.

➡️ Analyzing and bettering overall trading performance.

➡️ Manage your accounts with ease.

Windsor Brokers Investment Programs

👉 Windsor Brokers does not currently offer any dedicated investor programs to Nigerian traders.


Which Markets can You Trade with Windsor Brokers?

👉 Nigerian traders can expect the following range of markets from Windsor Brokers:

➡️ Forex

➡️ Spot Metals

➡️ Energies

➡️ Soft Commodities

➡️ Indices

➡️ Treasuries

➡️ Spot Indices

➡️ Forex CFDs

➡️ Precious Metals

➡️ Shares

➡️ Crypto CFDs



Financial Instruments and Leverage offered by Windsor Brokers

🔧 Instrument1️⃣ Number of Assets Offered📈 Max Leverage Offered
Spot Metals51:500
Energies 51:400
Soft Commodities61:50
Spot Indices51:100
Forex CFDs61:500
Precious Metals21:500
Crypto CFDs51:2
ETF CFDs61:20

Broker Comparison for a Range of Markets

CMC MarketsExnessGO Markets
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesNoYes
➡️️​ CryptocurrencyYesNoNo
➡️️​ OptionsNoYesNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

Windsor Brokers Trading and Non-Trading Fees


👉 Nigerians could typically rely on the following spreads. At the same time, the exact amounts will vary based on the account used. These spreads are typical for EUR/USD, the most popular and liquid currency pair in the world:

➡️ MT4 Zero Account – from 0.0 pips

➡️ MT4 Prime Account – from 1 pip



👉 Nigerian traders who use the MT4 Zero Account get the best spread, but they are subject to commissions from 8 USD per round turn.


Overnight Fees, Rollovers, or Swaps

👉 Overnight open positions in Spot financial instruments are susceptible to Rollover/Swaps. This is because client accounts are credited or debited according to the interest rates in effect at the time of a given transaction and the relative value of the currency pairs involved.


👉 However, storage costs, a constant charge made to the client’s account, are associated with Swap-free accounts (s). For overnight open positions, storage is charged at the daily rate, except for open positions on Fridays, for which the storage rate is tripled.


Deposit and Withdrawal Fees

👉 Deposits are not subject to a fee at Windsor Brokers. The following withdrawal costs will be charged, however:

➡️ Debit Card – $3, €3, or £3

➡️ Credit Card – $3, €3, or £3

➡️ Bank Wire Transfer – Varies depending on the withdrawal

➡️ Skrill – 1% with a minimum of 3 units in USD, EUR, GBP, COP, or INR

➡️ Neteller – Between $3, €3, or £3

➡️ WebMoney – 0.8%


Inactivity Fees

👉 No inactivity fee is assessed for inactive accounts at Windsor Brokers. However, Loyalty Program status might be lost by traders if their account has been inactive for more than six months.


Currency Conversion Fees

👉 When Nigerian traders make a deposit or withdrawal in a currency other than one of the approved base currencies, they incur currency conversion costs.

Windsor Brokers Deposits and Withdrawals

How to Deposit Funds with Windsor Brokers

👉 Windsor Brokers offers Nigerian traders the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ Bank Wire Transfer

➡️ Skrill

➡️ Neteller

➡️ WebMoney


Broker Comparison: Deposit and Withdrawals

🥇 Windsor Brokers🥈 RoboForex🥉 eToro
Minimum Withdrawal TimeInstantUp to 1 working dayInstant
Maximum Estimated Withdrawal TimeMaximum 5 to 7 working daysUp to 10 working daysUp to 10 working days
Instant Deposits and Instant Withdrawals?YesNoYes


Windsor Brokers Deposit Currencies, Deposit and Withdrawal Processing Times, Maximum Deposit and Withdrawal amounts

💰 Payment Method💸 Deposit Currencies💳 Withdrawal Currencies💲 Deposit Processing
Credit CardUSDUSD, EUR, GBPSame day
Debit CardUSDUSD, EUR, GBPSame day
Bank Wire TransferUSD, EUR, KWDUSD, EUR, KWD5 to 7 days maximum

How to Deposit Funds with Windsor Brokers

👉 To deposit funds to an account with Windsor Brokers, Nigerian traders can follow these steps:

➡️ Access the User Portal and click the “Deposit Funds” button.

➡️ Choose a deposit method, then input the deposit amount and currency.

➡️ Follow any further instructions required by the chosen method of payment.

➡️ Verify the transfer of funds.

Windsor Brokers Fund Withdrawal Process

➡️ You must access the User Portal and click the Withdraw Funds button to withdraw money.

➡️ Make a withdrawal request using the same payment method used to fund the account, specify the amount you want to withdraw, and send it off.

Windsor Brokers Education and Research

Education and Research


👉 Windsor Brokers offers the following Educational Materials to Nigerian traders:

➡️ Forex Webinars

➡️ Videos

➡️ Glossary

➡️ Free eBooks


Research and Trading Tool Comparison

🥇 Windsor Brokers🥈 RoboForex🥉 eToro
Economic CalendarYesYesNo
AutoChartist NoYesNo
Trading ViewNoNocYes
Trading CentralNoYesNo
Market AnalysisYesYesYes
News FeedYesYesYes


👉 Windsor Brokers also offers Nigerian traders the following additional Research and Trading Tools:

➡️ Blog

➡️ Analysis

➡️ Economic Calendar

➡️ Market Holiday Calendar

➡️ Forex Calculators

Windsor Brokers Bonuses and Promotions

➡️ Nigerians who register and verify a new Prime Account with a base currency of USD, EUR, GBP, or JPY will receive a no-deposit bonus of 30 USD.

➡️ Bonuses are offered on deposits up to $10,000.

➡️ A points-based system where Nigerians might get rewards for their economic and cultural contributions.

How to open an Affiliate Account with Windsor Brokers

👉 To register an Affiliate Account, Nigerian traders can follow these steps:

➡️ Visit Windsor Brokers online and go to the “Partners” tab.

➡️ Click “Join Now” and complete the Partners Portal Registration by entering your information.

➡️ Nigerians can opt for one of the following partnerships:

➡️ Introducing Broker

➡️ Web Affiliate

➡️ White Label

➡️ Liquidity Services

➡️ Referral

➡️ To start using the starter kit and promotional resources, Nigerians who have been approved for a partnership can navigate to the Partners Portal.

Windsor Brokers Affiliate Program Features

👉 In short, affiliate marketing has risen to the top ranks of effective online promotional tactics.


👉 Regarding compensation and ongoing assistance, the Windsor Brokers’ Partnership Program clients come first. Access the platform’s partner page with the help of Windsor Brokers’ multilingual, 30-years-in-the-business technical customer support team via the portal.


👉 Partnership programs often provide flexible rebate structures. The programs’ open practices, quick rollout, and simple configuration are particularly noteworthy.


👉 In a pay-for-performance arrangement, an organization rewards its partners for generating business by giving a percentage of the profits from the accounts opened by customers whom the partners referred.


👉 Some of the key components of Windsor Brokers’ affiliate program are as follows:

➡️ There are no initial costs and setting up and launching the program is easy and flexible.

➡️ Affiliates can choose from many reward packages, and they are given access to sophisticated monitoring tools.

➡️ Nigerian partners and affiliates will benefit from a powerful and comprehensive reporting system.

Windsor Brokers Customer Support

👉 Clients may reach out to Windsor Brokers’ award-winning customer service staff anytime, day or night. In addition, the Windsor Brokers website has a live chat feature, making it one of the quickest methods to get in touch with the staff.


👉 Windsor Brokers can easily be reached through telephone, facsimile, and electronic mail. In addition, Nigerians could connect with them on Facebook, Twitter, YouTube, and LinkedIn.

Customer SupportWindsor Brokers Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesMultilingual
💬 Live ChatNone
📧 Email AddressYes
📞 Telephonic SupportYes
✔️ Local Support in Nigeria?Yes
🥇 The overall quality of Windsor Brokers’ Support3/5

Windsor Brokers Corporate Social Responsibility

👉 Among the many CSR activities in which Windsor Brokers engages are the following:

➡️ Over the course of Ramadan, 3,000 meals were provided to the people of Jordan.

➡️ Supporting canoe and kayak superstars like Christos Dylan Christodoulou.

➡️ Efforts to build a school in Milimani Juja, Nigeria, in cooperation with the Rotaract Club of Limassol Berengaria Cosmopolitan, to reduce the region’s high illiteracy rate.

Additional Features of Windsor Brokers

👉 There are currently no additional features of Windsor Brokers that have not been covered in this comprehensive review.


Financial Reports

👉 The most recent financial reports for Windsor Brokers dates to 2020, showing the following increases in KPIs despite the Covid-19 pandemic:

➡️ Deposits increased by 65%

➡️ Total Active Accounts were boosted by 120%

➡️ Trading Volume increased by 68%

➡️ Newly Funded Accounts increased by 148%


Windsor Brokers Future Vision

👉 Windsor Brokers has confirmed its strength and vision for the future by going through a brand change meant to represent its industry position as a top broker, even though financial markets are often regarded as one of the most volatile in the world.


👉 2018 was significant since it marked Windsor Broker’s 30th anniversary. Consequently, it was time for the broker to undergo a complete image makeover to reflect their newfound confidence and the greater heights they aspired to achieve.


👉 Windsor Brokers has not yet revised its long-term goal. However, it continues to grow and penetrate new markets worldwide by providing attractive trading conditions.


Windsor Brokers Risk Warning and Disclaimer for traders

👉 A large portion of the general people should not engage in trading financial products. The danger arises that funds employed for such trading in financial products experience a loss of part or all your investment.


👉 You should weigh your expertise, goals, financial resources, and other relevant conditions to determine whether trading in financial instruments is a good fit.


👉 You should learn about the potential dangers of trading financial products and get a second opinion if you need it if you don’t feel confident doing so.


👉 Financial instrument transactions are undertaken willingly and at the risk of the participant. Therefore, trading is a high-risk activity, and one can never be sure of making a profit from it. Therefore, neither the present nor the past can be used as a predictor of future success.

Our Final Verdict on Windsor Brokers

👉 Windsor Brokers is a derivatives broker for individual investors worldwide that provides Contracts for Difference (CFD) trading. More than three decades of business operation attest to the company’s durability.


👉 It offers low fees and a healthy trading account balance, but its offshore licenses are flimsy at best. The prime MT4 account with Windsor Brokers offers the best of both worlds: commission-free trading with tighter-than-average spreads.

Windsor Brokers Alternatives

➡️ SuperForex – SuperForex is a versatile ECN and STP broker with 11 trading accounts and over 400 financial instruments that can be traded via MT4 and the SuperForex App. Zero-pip spreads are charged on ECN accounts, and Nigerians can expect many tools and education.

➡️ Pepperstone – Pepperstone is one of the largest, most well-regulated STP and ECN brokers in the industry that has been operating for over 12 years. Pepperstone offers three powerful trading platforms and a choice between a Standard and Razor Account, with spreads from 0.0 pips on EUR/USD.

➡️ FBS – Nigerians can start trading with a 30 USD no-deposit bonus when they sign up for an FBS trading account. FBS offers over 75 financial instruments and one of the best trading apps in the industry, FBS Trader, free on iOS and Android devices.


How can I get the Windsor Brokers bonus?

To get the free no-deposit bonus of 30 USD from Windsor Brokers, you must register a Prime account and verify your details as part of the KYC process.


Does Windsor Brokers have Nasdaq 100?

Windsor Brokers offers Nigerians access to Nasdaq 100 as an Index CFD and share CFDs from Nasdaq.


Is Windsor Brokers Safe or a Scam?

Windsor Brokers is not a scam broker. On the contrary, Windsor Brokers is well-regulated, has a decent trust score, and provides investor protection.


Is Windsor Brokers a good broker?

If you are looking for a dependable broker with a secure website, go no further than Windsor Brokers. For more than three decades, this broker has provided investors with access to the market, earning praise for its candour and dedication to its customers.


Is Windsor Brokers regulated?

Windsor Brokers is well-regulated in several regions by FSC, CySEC, JSC, FSA, and CMA.


Can I withdraw the Windsor Brokers welcome bonus?

You cannot withdraw the 30 USD no-deposit bonus from Windsor Brokers. This bonus is free trading credit you receive to start trading in live markets.

However, if you meet the bonus terms, you could withdraw the profits you made on this bonus.


How long does it take to withdraw from Windsor Brokers?

It can take from 30 minutes up to a few days for you to receive your funds.


What spreads can I expect from Windsor Brokers?

You can expect spreads from 0.0 pips on the Zero Account.


Does Windsor Brokers have VIX 75?

Windsor Brokers does not currently offer Volatility 75.

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