Windsor Brokers Review

Windsor Brokers is a Cypriot retail broker that has been operating since 1988, which makes it one of the longest-running retail forex names still trading under the same brand. The main entity is Windsor Brokers Ltd, authorised by the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm under licence 030/04. Additional entities cover the offshore Seychelles market and Jordan under the Jordan Securities Commission.

Retail traders get three account types, MT4 and MT5 as standard, and leverage up to 1:2000 on the offshore entity. This review covers the regulator split, the account structure, the Zero account pricing and where Windsor Brokers fits next to the bigger CySEC-regulated names.

The three-entity structure

Windsor Brokers runs three separate legal entities, each under a different regulator:

• Windsor Brokers Ltd. CySEC CIF licence 030/04, based in Limassol, Cyprus. This is the main EU-regulated entity and covers European retail clients.
• Windsor Brokers International Ltd. Seychelles FSA registered. This is the offshore entity that covers non-EU retail clients and carries the 1:2000 leverage headline.
• Seldon Investments Limited. Jordan Securities Commission regulated. Serves the Middle East market.

The CySEC entity is the most protective. CIF licences require segregated client money, capital adequacy under CRD IV, and participation in the Cyprus Investor Compensation Fund (ICF), which covers up to 20,000 EUR per client if the broker fails. The Seychelles and Jordan entities do not carry this protection.

Trading since 1988: what the track record means

Windsor Brokers started before MT4 existed, before retail forex was widely accessible, and before Cyprus joined the EU. The broker has survived multiple industry cycles, including the 2015 Swiss franc dislocation, the 2018 ESMA leverage restrictions and the 2020 volatility shock. That is a meaningfully long track record for any financial services firm.

Track record is not a guarantee of future conduct, but it is a signal. Brokers that have remained continuously regulated for 37 years have demonstrated they can handle operational stress, compliance costs and client payouts at scale.

Account types and pricing

Windsor Brokers runs three account tiers. Each has a different minimum, pricing model and target audience:

• Prime. $50 minimum. Spreads from 1.0 pip, zero commission, leverage up to 1:2000 on the offshore entity. The standard retail entry point, suitable for smaller accounts and beginners.
• Zero. $1,000 minimum. Spreads from 0.0 pips on majors, $8 commission per round-turn lot, leverage up to 1:2000. The raw-spread ECN-style account for scalpers and systematic traders.
• VIP. Tailored. Spreads from 0.0 pips with a lower $7 commission per round-turn lot, leverage up to 1:2000, plus dedicated account management. Aimed at high-volume traders and larger accounts.

Stop out level is 20 percent across all account types, which is tighter than the 30 percent used by many peers. A tighter stop out means positions are forcibly closed earlier in a drawdown, which protects the account from going too deep into the red.

Platforms

Windsor Brokers supports both MT4 and MT5, along with a proprietary Windsor mobile app that sits on top of MT4 or MT5 depending on the client. All three platforms are available on desktop, web and mobile. MT4 remains the default for clients using expert advisors. MT5 adds the newer asset classes, the built-in economic calendar and the depth of market feature.

Instruments

The tradable universe covers forex pairs, metals (gold, silver, platinum, palladium), global equity indices, commodities including crude oil and natural gas, single stock CFDs and futures. This is a standard retail mix that covers most use cases short of options or direct cryptocurrency spot exposure.

Deposits and withdrawals

Funding options include bank wire, credit and debit card, e-wallets (Skrill, Neteller) and cryptocurrency. Standard withdrawal processing runs one to three business days, with same-day processing common for e-wallet and crypto requests. The broker's FAQ requires that withdrawals return to the original deposit method where possible, which is the standard anti-money-laundering pattern.

Pros and cons

Pros

• 37-year operating history gives a track record unmatched by newer peers.
• CySEC CIF 030/04 licence provides EU regulatory cover and ICF deposit compensation up to 20,000 EUR.
• Raw 0.0 pip pricing on the Zero account at a competitive $8 round-turn commission.
• Three-entity structure lets clients choose the regulatory home that fits their residence.

Cons

• The Zero account $1,000 minimum is higher than comparable raw-spread accounts at IC Markets or Pepperstone.
• SERP coverage is thin for a broker of this age, which makes independent review sourcing harder.
• 1:2000 leverage only applies to the offshore Seychelles entity, not the CySEC account.

Who Windsor Brokers is for

Windsor Brokers suits retail traders who want a long track record, CySEC cover on the main entity and raw pricing on the Zero account. It also suits Middle East traders who want the Jordan entity for regional regulatory access.

It is a weaker fit for traders who want the absolute lowest minimum deposit on a raw account, for traders who prefer cTrader over MetaTrader, and for anyone whose primary concern is headline leverage rather than regulatory quality.

Final thoughts

Windsor Brokers is an underrated CySEC name. The 1988 founding date, the continuous CIF licence since 2004, and the three-entity structure put it on a solid regulatory footing that many flashier competitors do not match. Trading conditions on the Zero account are competitive, and the 20 percent stop out protects clients from deeper drawdowns. The main friction is the $1,000 Zero account minimum, which is higher than raw-spread peers. For traders who can meet that, this is a credible choice.

Frequently Asked Questions

Is Windsor Brokers regulated?

Yes. The main entity, Windsor Brokers Ltd, is authorised by the Cyprus Securities and Exchange Commission as a Cyprus Investment Firm under CIF licence 030/04. Additional entities cover Seychelles (FSA) and Jordan (JSC).

When was Windsor Brokers founded?

Windsor Brokers was founded in 1988. It is one of the longest-running retail forex brokers still operating under its original brand, with 37 years of continuous trading history as of 2026.

What is the minimum deposit at Windsor Brokers?

The Prime account starts at $50. The Zero account requires $1,000 and offers 0.0 pip spreads with an $8 commission per lot. The VIP account is tailored and offers a $7 commission per lot.

What is the Windsor Brokers Zero account?

The Zero account is the broker's raw-spread option. It requires $1,000 minimum, offers 0.0 pip spreads on major forex pairs and charges $8 per round-turn lot. It is aimed at scalpers, high-volume traders and systematic strategies that need raw pricing.

Does Windsor Brokers offer investor compensation?

Clients under the CySEC entity (Windsor Brokers Ltd) are covered by the Cyprus Investor Compensation Fund, which pays out up to 20,000 EUR per client if the broker fails. Clients under the Seychelles or Jordan entities are not covered by this fund.

What platforms does Windsor Brokers support?

Windsor Brokers supports MT4 and MT5 on desktop, web and mobile. There is also a proprietary Windsor mobile app that runs on top of the underlying MetaTrader platform.