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.

PU Prime Information

PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia, offering popular instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types including Cent, Standard, Prime, Pro, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage. Leverage offered by PU Prime ranges from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20.

Regard trading software, PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, known for its user-friendly interface and advanced trading tools.

Is PU Prime Legit?

PU Prime Limited is regulated by the Seychelles Financial Services Authority under a Retail Forex License. The license number is SD050.

Additionally, PU PRIME (PTY) LTD is regulated by the Financial Sector Conduct Authority, while the regulatory status is general registration.

Pros and Cons

Market Intruments

PU Prime offers some popular instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.

Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.

Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.

Account Types

As for trading accounts, five options are available: Cent, Standard, Prime, Pro, and Islamic.

The Cent account is designed for beginner traders who want to start trading in small amounts. This account type has a minimum deposit requirement of just $20 and offers fixed spreads, making it an ideal choice for those who are new to trading.

The Pro account seems to be designed for traders who are just starting out in forex trading. This account type requires a minimum deposit of $50 and offers spreads from 1.3 pips.

The Standard account is the most popular account type and is suitable for most traders. It requires a minimum deposit of $50 and offers variable spreads. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Prime account is designed for advanced traders who require fast execution speeds and tight spreads. This account type requires a minimum deposit of $1,000 and offers ECN spreads starting from 0 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Islamic account is designed for clients who require Sharia-compliant trading solutions. This account type offers swap-free trading and is available to clients of all levels.

Other account features include

• Expert Advisors (EA) trading tool
• Negative balance protection
• Autochartist
• Trading signals
• Daily news update
• Market analysis (daily live-broadcast)
• Economic calendar

How to Open an Account?

• To open an account with this broker, you need to first visit their website and click on the “Live Account” button.

• You will be required to fill out a registration form with your personal information, such as your name, email address, and phone number.

• After completing the registration form, you will need to verify your identity by submitting some form of identification, such as a passport or driver's license. You may also be required to submit proof of address, such as a utility bill or bank statement.
• Once your account is verified, you can proceed to make a deposit. The minimum deposit amount varies depending on the type of account you have selected. You can make a deposit using various payment methods such as bank transfer, credit/debit cards, and electronic payment systems.
• Once your deposit has been processed, you can start trading using the trading platform provided by the broker. You may also be required to complete some additional steps such as setting up your trading account and configuring your account settings before you can start trading.

Leverage

PU Prime offers leverage of up to 1:500, which is a relatively high leverage compared to other brokers in the industry. The high leverage can be beneficial for traders who want to take larger positions with a smaller capital investment. However, it is important to note that high leverage also comes with high risk, as losses can exceed the initial investment.

Spreads & Commissions (Trading Fees)

Spreads and commissions, also known as trading fees, are the costs that traders incur when opening and closing positions on the market. PU Prime offers variable spreads starting from as low as 1.3 pips for its Cent, Standard, Pro and Prime account types. Additionally, this broker offers a zero-commissions trading environment on its Cent, Prime and Pro accounts. Islamic and Prime accounts charge a commission of $3.5 per lot per side.

Non-Trading Fees

Non-trading fees are the fees that brokers may charge their clients for services not directly related to trading, such as deposits, withdrawals, account inactivity, and currency conversion. Here is an overview of the non-trading fees of PU Prime:

Deposits: PU Prime does not charge any fees for deposits made through bank transfers, credit/debit cards, or e-wallets. However, clients should check with their payment providers for any fees they may charge.

Withdrawals: PU Prime does not charge any fees for withdrawals made through bank transfers or e-wallets. However, for withdrawals made through credit/debit cards, the broker charges a fee of 2% of the withdrawal amount, with a minimum of $5 and a maximum of $30.

Account Inactivity: If a client's account remains inactive for a period of 180 days, PU Prime will charge an inactivity fee of $15 per month until the account is reactivated or the balance is reduced to zero.

Currency Conversion: PU Prime charges a fee of 2% for currency conversions on deposits or withdrawals made in a currency different from the account's base currency.

Trading Platform

PU Prime offers two choices of the most popular trading platforms in the industry: MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms.

MT4 is known for its stability, security, and user-friendly interface. It has a wide range of features that make it an ideal choice for both novice and experienced traders. On the other hand, MT5 is the newer version of the platform that comes with additional features and tools, including an economic calendar, more technical indicators, and a built-in strategy tester.

Here is a table format for the comparison of trading platforms between PU Prime and other brokers:

Autochartist

PU Prime offers the Autochartist tool to its clients, which is a powerful technical analysis tool that scans the market for trading opportunities based on chart patterns, Fibonacci patterns, and key levels. Autochartist also provides traders with an estimated probability of success for each opportunity and can be accessed through the MT4 and MT5 platforms.

Traders can use the Autochartist tool to identify trading opportunities and set up automated trading strategies based on their analysis. This tool can also be used to set up price alerts and receive notifications when a specific trading opportunity presents itself.

Deposit & Withdrawal

PU Prime offers over 10 deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.

Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method. PU Prime also reserves the right to request additional documentation to verify the client's identity and protect against fraud.

PU Prime Copy Trading

PU Prime's copy trading feature, facilitated through the PU Social app, can enhance the trading experience, especially for those new to the financial markets.

By using PU Social, users can easily select and follow master traders. This allows them to replicate the trading strategies and results of seasoned professionals directly in their own accounts. Simply choose a professional trader within the app, and start copying their trades to begin seeing similar results in your own trading activities.

This feature not only simplifies the learning curve but also provides a practical way to potentially increase trading success by leveraging the expertise of experienced traders.

Customer Support

PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more.

Educational Resources

PU Prime offers solid educational resources for its traders. These resources include video tutorials, a blog, e-books, and a glossary. The video tutorials cover a wide range of topics, including basic trading concepts, technical analysis, and strategies for trading different financial instruments. The blog provides traders with up-to-date market news, analysis, and commentary. The e-books are designed to provide in-depth knowledge on specific trading topics, such as chart patterns and trading psychology. The glossary is a comprehensive reference tool that defines key terms and concepts used in trading.

Conclusion

PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis.

However, the minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.

FAQs

Is PU Prime a legit broker?

Yes, PU Prime is regulated by both FSA.

What tradable instruments does PU Prime offer?

PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.

What trading platforms are available at PU Prime?

PU Prime offers both the MT4 and MT5 trading platforms.

Does PU Prime offer educational resources for traders?

Yes, PU Prime provides educational resources such as video tutorials, a blog, e-books, and a glossary.

What is Autochartist and does PU Prime offer it?

Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.

Is PU Prime good for beginners?

Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.

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.