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Do you want to know which is the better broker between Windsor Brokers and ETX ?
In the table below, you can compare the features of Windsor Brokers , ETX side by side to determine the best fit for your needs.
EURUSD:-1
EURUSD:-0.1
EURUSD:11.31
XAUUSD:24.67
EURUSD: -7.54 ~ 2
XAUUSD: -36.45 ~ 21.86
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--
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of windsor-brokers, etx-capital lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Windsor Brokers Review Summary in 10 Points | |
Founded | 1988 |
Registered Country/Region | Cyprus |
Regulation | CYSEC, FSC (Offshore) , FSA ( Offshore) |
Market Instruments | CFDs on forex, spot metals, spot commodities, spot indices, shares, ETFs |
Account Types | Prime account, Zero account |
Demo Account | Available |
Leverage | 1:30 |
EUR/USD Spread | 0.2 pips |
Trading Platforms | MT4 |
Minimum deposit | $50 |
Customer Support | 24/5 multilingual live chat, phone, email |
Windsor Broker Ltd, founded in 1988 and headquartered in Limassol, Cyprus, is an European brokerage firm that has been providing financial services to retail, corporate and institutional investors worldwide for many years, offering a wide range of financial instruments, including Forex, commodities, indices, and shares, as well as a variety of trading platforms and trading tools. Windsor Brokers Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC, No. 030/04).
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• Regulated by CySEC | • Limited payment methods |
• Negative balance protection | • Clients from the USA, Japan and Belgium are not accepted |
• Wide range of trading tools | • Limited info on accounts |
• MT4 for all devices | |
• Low spreads and commissions | |
$30 no deposit bonus | |
• Wide product portfolios | |
• Demo accounts available |
Regulation by a reputable authority like Cyprus Securities and Exchange Commission (CySEC) is a positive factor indicating that Windsor Brokers is a legitimate broker. Additionally, the fact that they offer negative balance protection is also a plus for traders.
CFDs on forex, spot metals, spot commodities, spot indices, shares, ETFs are all available at Windsor Brokers. The broker allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade with Windsor Brokers.
Demo Account: Windsor Brokers provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Windsor Brokers offers two types of real trading accounts: the Prime Account and the Zero Account. The Prime Account, geared towards support-oriented traders, has a lower $50 minimum deposit and spreads starting from 1.0 pips on major pairs. It provides zero commission on forex CFDs, an $8 commission per lot for crypto CFDs, and includes training resources.The Zero Account targets heavy traders with a $1,000 minimum deposit, zero spreads on major currency pairs, and a maximum leverage of 1:1000. It charges an $8 commission per lot for forex, metals, and crypto CFDs, with no commission on other CFDs. Both accounts offer negative balance protection, personal account managers, a 0.01 minimum trade volume, a 50 lot restriction per ticket, hedging allowance, and a 20% stop-out level with a 100% margin call. Notably, the Zero Account does not support Islamic/swap-free accounts.
The maximum leverage offered by Windsor Brokers is only 1:30, which may seem too low to you. Margin requirements for professional clients based on 1:100 leveraged accounts. Other leverages are available to Professional Clients only.
In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.
It is commendable that in the trading instruments interface, Windsor Brokers provides a detailed table showing the spreads, margin requirement, pip value, and stop levels of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission per Lot |
Windsor Brokers | 0.2 pips | $0 |
BlackBull Markets | 0.8 pips | $6 |
Eightcap | 0.6 pips | $3.50 |
FOREX TB | 0.7 pips | $0 |
Note: Spreads can vary depending on market conditions and volatility.
Windsor Brokers offers traders the popular MT4 trading platform for PC, Mac, WebTrader, Android, iPhone, Android Tablet and iPad, which is ideal for all traders, whether they are professional traders or beginners. MT4 trading platform features powerful charting capabilities, a large number of indicators and algorithmic trading features, a user-friendly interface, a dynamic security system, and multi-terminal functionality.
See the trading platform comparison table below:
Broker | Trading Platforms |
Windsor Brokers | MT4, WebTrader |
BlackBull Markets | MT4, MT5, WebTrader |
Eightcap | MT4, MT5, WebTrader |
FOREX TB | MetaTrader 4 |
Windsor Brokers provides a variety of trading tools to its clients to help them make informed trading decisions. These tools include market analysis and commentary, an economic calendar, and information on market holidays. Additionally, the broker offers several Forex calculators, such as Profit, Margin, Pip, Fibonacci, and Pivots calculators, which can be useful in managing risk and determining potential profits. By providing these trading tools, Windsor Brokers aims to empower traders with the necessary knowledge and resources to navigate the financial markets.
In terms of deposits and withdrawals, Windsor Brokers offers these payment methods: Credit/debit cards (Visa/MasterCard), WebMoney, Wire Transfer, Neteller and Skrill.
Windsor Brokers | Most other | |
Minimum Deposit | $100 | $100 |
The broker does charges fees for deposits and withdrawals, which vary on the payment method. All deposits are processed on the same day, while most withdrawals can be processed on the same day with the exception of wire transfer withdrawal.
More details concerning deposit/withdrawal fees and processing time can be found in the table below:
Payment Options | Fee | Processing Time | ||
Deposit | Withdraw | Deposit | Withdraw | |
Credit/debit cards (Visa/MasterCard) | 3% | $/€/£3/transaction | Same day | Same day |
WebMoney | 0.8% | 0.8% | ||
Wire Transfer | Vary | Vary $0-30 | Vary | |
Neteller | 3% | $/€/£3/transaction | Same day | |
Skrill | 3% | 1% - min $/€/£3£ |
Broker | Deposit Fees | Withdrawal Fees |
Windsor Brokers | Vary on the method | Vary on the method |
BlackBull Markets | None | None |
Eightcap | None | None |
FOREX TB | None | None |
Note: Fees may vary based on the payment method and currency used. Please refer to the broker's website for the most up-to-date information.
Below are the details about the customer service.
Service Hour: 24/5
Live Chat/Fill in Contact Form
Email: support@windsorbrokers.eu
Phone: +357 25 500 700
Fax: +357 25 500 555
Address: Spyrou Kyprianou 53, Windsor Business Center, 3rd Floor, Mesa Geitonia, 4003 Limassol, Cyprus,
Or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Instagram, YouTube and Linkedin.
Overall, Windsor Brokers' customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/5 multilingual customer support | • No 24/7 customer support |
• Multi-channel support | |
• Live chat available | |
• Quick response time for customer inquiries |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Windsor Brokers' customer service.
Windsor Broker offers a $30 no deposit bonus for new clients, credited after completing a straightforward account opening process - apply, register by meeting requirements, and receive $30 in trading credit upon approval, allowing risk-free platform exploration.
Windsor Brokers offers some educational resources to help traders improve their skills and knowledge. They have a video library that covers topics such as technical analysis, risk management, and trading strategies. They also have a glossary of trading terms and an ebook library that covers a range of topics such as trading psychology, fundamental analysis, and more. These educational resources are available for free to all clients of Windsor Brokers.
On the WikiFX website, you can see that some users have reported unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Windsor Brokers is a regulated broker that offers access to multiple markets and trading platforms, as well as a range of trading tools and educational resources. The broker's negative balance protection is a positive feature that helps protect traders from incurring losses beyond their deposited funds.
However, some users have reported difficulties with withdrawals, which may raise concerns about the broker's reliability. Overall, Windsor Brokers appears to be a reputable broker that offers a good range of services, but potential traders should carefully consider the reported withdrawal issues before deciding to open an account.
Q 1: | Is Windsor Brokers regulated? |
A 1: | Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC). |
Q 2: | At Windsor Brokers, are there any regional restrictions for traders? |
A 2: | Yes. It does not accept clients from the USA, Japan and Belgium. |
Q 3: | Does Windsor Brokers offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Windsor Brokers offer the industry-standard MT4 & MT5? |
A 4: | Yes. It supports MT4. |
Q 5: | What is the minimum deposit for Windsor Brokers? |
A 5: | The minimum initial deposit to open an account is $50. |
Q 6: | Is Windsor Brokers a good broker for beginners? |
A 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Note: Oval X (ETX)s services have now been discontinued.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Oval X Review Summary in 10 Points | |
Founded | 1965 |
Registered Country/Region | United Kingdom |
Regulation | FCA (suspicious clone) |
Market Instruments | Forex, indices, stocks, CFDs, commodities |
Demo Account | N/A |
Leverage | 1:200 |
EUR/USD Spread | 0.6 pips |
Trading Platforms | MT4, Oval X Trader Pro |
Minimum deposit | $100 |
Customer Support | Phone, email |
ETX have completed a re-branding exercise and it is called “Oval X”. Oval X is a trading brand of Monecor (London) Limited, company registration number 00851820. As a member firm of the London Stock Exchange, Monecor (London) Limited is regulated by the Financial Conduct Authority (Financial Services Registration Number. 124721), however, it is a suspicious clone.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• Wide range of trading instruments | • Suspicious clone FCA license |
• Flexible leverage | • Reports of unable to withdraw and scams |
• Tight spreads | • Withdrawal fees applied after 5 withdrawals |
• MT4 trading platform available | |
• Multiple payment methods | |
• Rich educational resources |
There are many alternative brokers to Oval X depending on the specific needs and preferences of the trader. Some popular options include:
Z.com Trade - a reputable online broker with a user-friendly platform and competitive trading conditions, making it a good choice for traders of all experience levels.
AETOS - a trusted broker known for its strong regulatory compliance, extensive product offerings, and comprehensive trading tools, making it a reliable option for traders looking for a diverse range of investment opportunities.
Hirose Financial - offers a reliable trading environment, competitive spreads, and a wide range of trading instruments, making it a recommended choice for traders seeking a trusted broker with a solid track record.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the information available, Oval X is an unregulated broker with a suspicious Financial Conduct Authority (FCA, License No. 124721) license. Furthermore, there are reports of withdrawal issues and scams associated with the company. These factors raise significant concerns about the safety and legitimacy of Oval X as a trading platform.
Traders are advised to exercise caution and conduct thorough research before engaging with unregulated brokers, as the risks of financial loss and fraudulent activities are higher in such cases. It is recommended to choose regulated brokers that adhere to industry standards and provide a higher level of investor protection.
Oval X offers investors a diverse range of tradeable financial instruments across various markets. Traders can access a wide selection of currency pairs in the Forex market, allowing them to participate in global currency trading. Additionally, Oval X provides access to popular stock indices, enabling traders to speculate on the performance of major equity markets.
The platform also offers a range of individual stocks, giving investors the opportunity to trade shares of well-known companies. Furthermore, Oval X provides access to Contracts for Difference (CFDs), allowing traders to speculate on the price movements of various underlying assets such as commodities and more. With this comprehensive offering of market instruments, Oval X aims to cater to the diverse trading preferences of its clients.
Oval X provides two distinct account types that align with the trading platforms it offers. The first account type is the Trader Pro account, which is designed to cater to the needs of traders using Oval X's proprietary trading platform. The second account type is the MT4 account, specifically tailored for traders who prefer the popular MetaTrader4 platform.
One notable advantage of Oval X's account offerings is the relatively low minimum initial deposit requirement of $100. This lower entry barrier makes Oval X an attractive choice for new beginners in the trading industry who may have limited initial capital.
Oval X offers traders different leverage options depending on the financial instruments they choose to trade. For currency pairs, Oval X provides leverage of up to 1:200, allowing traders to amplify their trading positions in the foreign exchange market. When it comes to indices, the leverage offered is 1:20, providing traders with increased exposure to a basket of stocks representing a specific market. For individual stocks, Oval X offers leverage of 1:5, enabling traders to potentially magnify their gains or losses based on their trading decisions.
In the case of precious metals like gold, Oval X provides leverage of 1:20, allowing traders to capitalize on price movements in this popular commodity. For silver, copper, and platinum, Oval X offers leverage of 1:10, giving traders the opportunity to participate in the market with enhanced trading power. It's important to note that while leverage can amplify potential profits, it also increases the risk of losses, and traders should exercise caution and proper risk management strategies when utilizing leverage in their trading activities.
Oval X offers competitive spreads on a range of financial instruments. For popular currency pairs such as EUR/USD, the minimum spread is as low as 0.6 pips and the average spread is 0.81 pips, allowing traders to access tight pricing and potentially reduce trading costs. Similarly, for other currency pairs like EUR/JPY, the minimum spread is 0.9 pips, providing traders with favorable pricing conditions. When it comes to indices, Oval X offers spreads of 1 pip for both UK and Wall Street indices, enabling traders to participate in the movements of these key markets with competitive pricing.
For precious metals like gold, the minimum spread is as low as 0.4 pips, offering traders favorable conditions for trading this popular commodity. The spread for silver is even narrower at 0.03 pips, providing traders with tight pricing on this metal. For commodities such as crude oil and natural gas, Oval X offers spreads of 0.03 and 0.02 pips respectively, giving traders access to these markets with low trading costs.
In terms of commissions, Oval X charges 0.1% per deal for UK and European stock trades, 2 cents per share for US major and minor stock trades, and 0.2% per deal for Australian stock trades. These commission rates are competitive and transparent, allowing traders to have a clear understanding of the costs associated with their trades.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
Oval X | 0.6 pips | 0.1% per deal (UK & EU stocks) |
Z.com Trade | 0.2 pips | No |
AETOS | 0.3 pips | No |
Hirose Financial | 0.8 pips | No |
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
Please note that spreads and commissions may vary based on market conditions and account type. It's always recommended to check with the respective broker for the most up-to-date information.
Oval X offers traders a choice between two robust and versatile trading platforms: MetaTrader4 and Oval X Trader Pro. The MetaTrader4 platform is widely recognized and highly regarded in the industry, known for its user-friendly interface, advanced charting capabilities, and a wide range of technical indicators. Traders can access the MetaTrader4 platform on their computers, smartphones, or tablets, providing flexibility and convenience in managing their trades.
On the other hand, Oval X Trader Pro is the broker's own developed trading platform, offering similar features and functionality to MetaTrader4. Traders using Oval X Trader Pro can also enjoy multiple chart types, a comprehensive suite of technical indicators, and customizable tools to suit their trading preferences.
Whether traders prefer the familiarity of MetaTrader4 or the tailored experience of Oval X Trader Pro, both platforms offer a seamless trading experience across different devices, allowing traders to access the markets and execute trades with ease and efficiency.
See the trading platform comparison table below:
Broker | Trading Platforms |
Oval X | MetaTrader 4, Oval X Trader Pro |
Z.com Trade | MetaTrader 4, Z.com Trader |
AETOS | MetaTrader 4, AETOS WebTrader |
Hirose Financial | MetaTrader 4, LION Trader |
Oval X provides its clients with a variety of convenient and secure deposit methods. Traders can fund their accounts using bank wire transfers, internet wire transfers, VISA/MasterCard/Maestro, UnionPay, e-wallets including Skrill and NETELLER, with no commissions charged for these transactions. This flexibility allows traders to choose the payment method that suits them best.
Oval X | Most other | |
Minimum Deposit | $100 | $100 |
When it comes to withdrawals, Oval X Capital offers its clients the benefit of 5 free withdrawals per calendar month for amounts over $100, ensuring that traders can access their funds without incurring additional costs. However, it is important to note that Oval X Capital incurs fees from the bank for processing withdrawal requests. As a result, if a client exceeds the 5 monthly free withdrawals, a fee of $25 per withdrawal will be charged. This fee applies to withdrawals made after the fifth withdrawal in a calendar month and ensures the sustainability of the withdrawal process while maintaining the convenience and affordability of withdrawals for most traders.
See the deposit/withdrawal fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee |
Oval X | No deposit fees | No withdrawal fees for the first 5 withdrawals per month; subsequent withdrawals incur a fee of $25 per withdrawal |
Z.com Trade | No deposit fees | No withdrawal fees |
AETOS | No deposit fees | No withdrawal fees |
Hirose Financial | No deposit fees | No withdrawal fees |
If potential clients or existing clients encounter some problems during their trading process, they can reach out to this Oval X through the following contact channels:
Service Time: Monday to Friday: 7:30 am to 9 am - UK time
Telephone: +44 (0)207 392 1434, +44 (0)207 392 1400
Email: customer.service@ovalx.com
Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, YouTube, LinkedIn and Telegram.
Overall, Oval X's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• Multiple contact channels | • Limited customer service hours |
• Active presence on social media platforms | • No 24/7 customer support |
• No live chat support |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Oval X's customer service.
On our website, you can see that some reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Oval X places great emphasis on providing valuable educational resources to its clients. Through regular publication of webinars, blogs, news, and analysis, Oval X aims to empower traders with knowledge and insights to enhance their understanding of the market and refine their investment strategies. These educational materials cover a wide range of topics, including market trends, trading techniques, risk management, and fundamental and technical analysis.
Based on the available information, it is important to approach Oval X with caution. The lack of regulation and reports of withdrawal issues raise concerns about the safety and reliability of the platform. Traders are advised to thoroughly assess the risks associated with trading on an unregulated platform and consider alternative options that offer stronger regulatory oversight. It is crucial to prioritize the security of funds and ensure transparency when choosing a trading platform.
Q 1: | Is Oval X regulated? |
A 1: | No. Oval X FCA (Financial Conduct Authority, License No. 124721) license is a suspicious clone. |
Q 2: | What is the maximum trading leverage offered by Oval X? |
A 2: | The maximum trading leverage offered by Oval X Capital is up to 1:200. |
Q 3: | Does Oval X offer the industry leading MT4 & MT5? |
A 3: | Yes. Oval X provides MT4 and a proprietary platform - Oval X Trader Pro. |
Q 4: | What is the minimum deposit for Oval X? |
A 4: | The minimum initial deposit to open an account is $100. |
Q 5: | Can I deposit cash into my account? |
A 5: | Oval X does not accept cash deposits due to AML regulations. |
Q 6: | Is Oval X a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. We dont advise any traders trade with unregulated brokers. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive windsor-brokers and etx-capital are, we first considered common fees for standard accounts. On windsor-brokers, the average spread for the EUR/USD currency pair is 0.1 pips, while on etx-capital the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
windsor-brokers is regulated by CYSEC,FSC,FSA. etx-capital is regulated by FCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
windsor-brokers provides trading platform including Standard account,ECN VIP,ECN Standard and trading variety including Foreign exchange, precious metals, CFDs. etx-capital provides trading platform including -- and trading variety including --.