What is Windsor Brokers？

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

Is Windsor Brokers Safe or Scam？

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.

Besides, its entity in Belize, Windsor Brokers (BZ) Ltd, is regulated by the Financial Services Commissions (FSC).

Its global entity, Windsor Brokers International Ltd, operates under the regulation of the Seychelles Financial Services Authority (FSA), with license no. SD072.

Market Instruments

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.

Accounts

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.

Leverage

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.

Spreads & Commissions

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:

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

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:

Trading Tools

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.

Deposits & Withdrawals

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 minimum deposit vs other brokers

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:

See the deposit & withdrawal fee comparison table below:

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.

Customer Service

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.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Windsor Brokers' customer service.

Promotions

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.

Education

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.

User Exposure on WikiFX

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.

Conclusion

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.

Frequently Asked Questions (FAQs)

Risk Warning

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: At this time, we only have a cursory look at OLYMPTRADE as the company's official website (https://olymptrade.com/ ) does not open properly.

Screenshot time: 01/28/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

OLYMPTRADE is registered in St. Vincent and the Grenadines and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet.

OLYMPTRADE caters to a diverse range of traders, including beginners and experienced traders alike.The platform offers a wide range of financial instruments for trading, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC, and composites. Traders have the flexibility to choose between two types of accounts: Real Account and Demo Account. The Real Account allows traders to engage in live trading with real money, while the Demo Account provides a risk-free environment for practice. While specific information about spreads is not available on the website, OLYMPTRADE mentions that there are no commissions charged.Traders can access the OLYMPTRADE trading platform via a downloadable application on both mobile and desktop devices. The platform offers a user-friendly interface with various trading tools, features, educational resources, market analysis reports, and customer support services available 24/7.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Pros and Cons

OLYMPTRADE offers a user-friendly trading platform with a wide range of market instruments, a demo account for practice, comprehensive customer support, and educational resources. However, it is not regulated by a reputable authority, lacks transparency on leverage and spreads, provides limited information on fees and commissions, has a relatively low minimum deposit requirement, and offers limited advanced features. Traders should carefully consider these pros and cons before deciding to trade with OLYMPTRADE.

Market Intruments

OLYMPTRADE offers a diverse range of market instruments, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC trading, and composites, providing traders with ample opportunities to engage in various trading strategies.

1. Currencies: OLYMPTRADE offers a wide range of currency pairs for trading, including major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like USD/TRY and NZD/CAD. Traders can speculate on the exchange rate movements between these currency pairs.

2. Stocks: OLYMPTRADE provides access to a variety of stocks from global markets. Traders can invest in individual company stocks, such as Apple, Amazon, or Google, and speculate on their price movements. Stock trading allows traders to benefit from the performance of specific companies.

3. Metals: OLYMPTRADE allows trading in precious metals like gold, silver, platinum, and palladium. These metals are often seen as safe-haven assets and can be used as a hedge against inflation or economic uncertainties. Traders can speculate on the price fluctuations of these metals.

4. Indices: OLYMPTRADE offers trading on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225. Index trading allows traders to speculate on the overall performance of a specific stock market, rather than individual stocks.

5. Commodities: OLYMPTRADE provides access to various commodities such as oil, natural gas, and agricultural products like corn and wheat. Commodity trading allows traders to speculate on the price movements of these essential goods, which can be influenced by factors like supply and demand dynamics, weather conditions, and geopolitical events.

6. Cryptocurrencies: OLYMPTRADE offers trading in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrency trading allows traders to speculate on the price volatility of these digital assets, which have gained significant popularity in recent years.

7. ETFs (Exchange-Traded Funds): OLYMPTRADE allows trading in ETFs, which are investment funds traded on stock exchanges. These funds are composed of a basket of assets, such as stocks, bonds, or commodities. Traders can invest in ETFs to gain exposure to a diversified portfolio of assets.

8. OTC (Over-the-Counter): OLYMPTRADE provides over-the-counter trading, which refers to trading financial instruments directly between two parties without the involvement of an exchange. OTC trading allows for more flexible and customized transactions, particularly for certain derivatives and exotic instruments.

9. Composites: OLYMPTRADE offers composite instruments, which are synthetic assets created by combining multiple financial instruments. These composites can represent various strategies or themes, such as a basket of stocks from a particular sector or a combination of different asset classes. Traders can speculate on the performance of these composites.

Trading platform(s) offered by OLYMPTRADE

Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

Account Types

OLYMPTRADE offers two types of accounts: Real Account and Demo Account. The Real Account allows traders to engage in live trading with real money, providing access to the full range of market instruments and features offered by OLYMPTRADE. Traders can deposit funds into their Real Account and trade in real-time market conditions, experiencing the actual risks and rewards of trading.

On the other hand, the Demo Account is a practice account that allows traders to simulate trading without using real money. It is an excellent option for beginners or those who want to test trading strategies and explore the platform's functionalities. The Demo Account provides virtual funds, enabling traders to practice and gain confidence before venturing into live trading.

How to open an account？

Here is a brief description of the account opening process for OLYMPTRADE:

1. Registration: Visit the OLYMPTRADE website and click on the “Register” button to start the registration process. Fill in the required information, such as your name, email address, and preferred password. Make sure to read and agree to the terms and conditions before proceeding.

2. Account Verification: After completing the registration, you may need to verify your account. OLYMPTRADE may require you to provide certain documents for verification purposes, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement). Follow the instructions provided by OLYMPTRADE to submit the necessary documents.

3. Account Funding: Once your account is verified, you can proceed to fund your account. OLYMPTRADE offers various deposit methods, such as credit/debit cards, bank transfers, and electronic payment systems. Choose your preferred payment method and follow the instructions to make a deposit. Be aware of any minimum deposit requirements set by OLYMPTRADE.

4. Platform Access: Once your account is funded, you will gain access to the OLYMPTRADE trading platform. You can log in using your registered email address and password. The platform provides a user-friendly interface with a range of trading tools and features.

5. Account Configuration: Before you start trading, you may need to configure your account settings. This includes selecting your preferred language, setting up notifications, and adjusting other platform preferences according to your trading preferences. Take some time to explore the platform and familiarize yourself with its features.

It's important to note that the specific steps and requirements may vary, so it's advisable to refer to the official OLYMPTRADE website or contact their customer support for the most accurate and up-to-date information regarding the account opening process.

Leverage

The official website of OLYMPTRADE does not provide specific information about leverage. However, it is common for similar types of brokers to offer leverage ratios ranging from 100:1 to 500:1. Please note that leverage allows traders to multiply their trading positions, but it also amplifies both potential profits and losses. It is important to fully understand the implications of leverage and exercise responsible risk management when trading on any platform. For accurate and up-to-date information about leverage on OLYMPTRADE, it is recommended to refer to the broker's official website or contact their customer support.

Spreads & Commissions (Trading Fees)

OLYMPTRADE's official website does not provide specific information about spreads. However, it is mentioned that there are no commissions charged. In general, similar brokers in the industry offer spreads that start from 0 to 0.1 pips. Spreads refer to the difference between the bid and ask prices of a financial instrument and can vary depending on market conditions and the specific asset being traded. For accurate and up-to-date information about spreads on OLYMPTRADE, it is recommended to refer to the broker's official website or contact their customer support.

Deposit & Withdrawal

OLYMPTRADE provides a simple and convenient deposit and withdrawal process for its traders. The minimum deposit amount is 10 USD/10 EUR, making it accessible for traders with varying budgets. OLYMPTRADE supports multiple deposit and withdrawal methods, including Bank Transfer, Credit/Debit Cards, Bank Wire Transfer, E-wallets, and Cryptocurrency.

Traders can choose to deposit funds using popular payment options such as credit or debit cards, bank transfers, and e-wallets.

Similarly, when it comes to withdrawing funds, OLYMPTRADE supports the same methods used for deposits. The withdrawal process is typically straightforward, and the platform strives to process withdrawal requests promptly. However, the processing time may vary depending on the chosen withdrawal method and the policies of the respective financial institutions involved.

Customer support

The support service provided by OLYMPTRADE is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: support@olymptrade.com

support-en@olymptrade.com

Phone Number: +356 20341634

Address: 54, Immakulata, Triq il-Mina ta Hompesch, ZABBAR ZBR 9016.

Users exposures

On our website, you can see that many users have reported scams. 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.

Conclusion

OLYMPTRADE is an online trading platform that caters to a diverse range of traders, offering a wide selection of market instruments and account types. The platform provides a user-friendly interface, downloadable on mobile and desktop devices, with access to real-time market quotes, trading tools, and educational resources. However, it is important to note that OLYMPTRADE is not regulated by a reputable financial authority, which poses a higher risk for traders. The platform lacks transparency on leverage and spreads, limited information on fees and commissions, and advanced features. Traders should carefully evaluate these pros and cons before deciding to trade with OLYMPTRADE. While OLYMPTRADE offers convenience and comprehensive customer support, traders should exercise caution and conduct thorough research before opening an account.

FAQs

Q: Is OLYMPTRADE a regulated broker？

A: No, OLYMPTRADE is not a regulated broker.

Q: What is the minimum deposit required to open an account with OLYMPTRADE？

A: The minimum deposit required to open an account with OLYMPTRADE is 10 USD/10 EUR.

Q: What trading instruments are available at OLYMPTRADE？

A: OLYMPTRADE offers a wide range of trading instruments, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC trading, and composites

Q: Does OLYMPTRADE offer a demo account？

A: Yes, OLYMPTRADE offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

Q: What trading platforms does OLYMPTRADE offer？

A: OLYMPTRADE offers their our trading platform.