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Windsor Brokers fees and spreads review

Windsor Brokers Fees and Spreads

Windsor Brokers spreads start from the average spread of  0.0 pips EUR/USDand Commission-free trading is available on the Prime Account. Windsor Brokers charges deposit fees of $100 USD, which is equivalent to 11 934 KES, at the time of writing.

Updated : May 20, 2023

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Windsor Brokers Fees and Spreads

Fees and Spreads Overview

Windsor Brokers Fees and Spreads

Additional Trading Fees

Windsor Brokers Fees and Spreads

Broker Fees

Windsor Brokers Fees and Spreads

Pros and Cons

Windsor Brokers Fees and Spreads

Final Verdict

Windsor Brokers Fees and Spreads

FAQ

Overall Rating

Min Deposit

USD 100 / 11667 KES

Regulators

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Windsor Brokers Fees and Spreads 

Windsor Brokers Fees and Spreads

 

The spread list for Windsor Brokers starts from 0.0 pips EUR/USD. 

 

Windsor Brokers charges spreads according to the account type, financial instrument, and market conditions on the trading day. Some of the typical spreads that Kenyan traders can expect are as follows: 

🔧 Instrument0️⃣ MT4 Zero📊 MT4 Prime
EUR/USD0.0 pips1 pip
XAU/USD0.08 pips0.2 pips
XAG/USD0.013 pips0.01 pips
US Crude Oil CFDs0.03 pips0.03 pips
Copper0.002 pips0.002 pips
US Crude Oil Spot0.04 pips0.03 pips
Spot Indices1.6 pips1.6 pips
TreasuriesFrom 0.01 pipsFrom 0.01 pips
IndicesFrom 0.02 pipsFrom 0.02 pips
XRP/USD0.00650.0065

Additional Trading Fees 

Windsor Brokers Additional Trading Fees

 

Commissions 

There are commission charges only on the MT4 Zero Account, with Kenyan traders expected to pay $8 for each round turn. 

 

Overnight Fees, Rollovers, or Swaps 

The overnight fees that Kenyan traders can expect from Windsor Brokers depend on factors such as the instrument held, position size, whether it is a buy or sell position and prevailing interbank rates.  

 

The exact amount of overnight fees charged or debited is calculated daily and can vary. Therefore, it is recommended that Kenyan traders review the swap fees charged for each instrument they trade and factor this into their trading strategy and risk management plan. 

 

Muslim traders can register an MT4 Prime account and convert it to an Islamic Account to avoid swap fees altogether. However, traders might be required to prove their religion before they are considered eligible for this account conversion. 

 

Windsor Brokers does not provide spread betting services to Nigerian traders. Therefore, Nigerians need not worry about spread betting fees. 

Broker Fees 

Windsor Brokers Broker Fees

 

Deposit and Withdrawal Fees 

Windsor Brokers does not charge any deposit fees. However, the following withdrawal fees apply: 

  • 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 

Windsor Brokers does not charge any inactivity fees on inactive accounts. 

 

Currency Conversion Fees 

When Kenyans deposit or withdraw in currencies other than the base currency of their account, they might be subject to currency conversion fees.

Windsor Brokers Pros and Cons

✔️ Pros❌ Cons
Deposit fees are not chargedWithdrawal fees apply
Swap fees are eliminated on the Islamic AccountMore premium accounts are required to ensure the best trading conditions
Commission-free trading is available on the Prime Account, with the broker fees included in the spread
There are no inactivity fees charged

Verdict on Windsor Brokers

Windsor Brokers is a well-respected and award-winning internet broker. The firm has shown its strength and dependability through its years of expertise. Customers’ money is safe since it is a regulated brand that has put in place adequate security procedures.

 

The MT4 Accounts and the VIP ZERO Account cater for traders despite their trading experience and skill. The accessible platforms are sophisticated and suitable for both novice and seasoned traders.

Frequently Asked Questions

What are the spreads charges by Windsor Brokers? 

Windsor Brokers charges competitive spreads across various asset classes, including forex, commodities, indices, cryptos, stocks, bonds, and futures. Spreads vary depending on the instrument being traded and market conditions but typically start from 0.0 pips on MT4 Zero. 

 

Does Windsor Brokers charge any commission fees? 

Yes, commissions are charged. However, they only apply to the MT4 Zero Account. The commissions vary depending on the instrument being traded and the trading volume. Kenyan traders can expect to pay $8 per round turn on the MT4 Zero Account. 

 

What are the overnight fees charged by Windsor Brokers? 

The calculation of overnight fees depends on several factors, such as the instrument held, position size, whether it is a buy or sell position and prevailing interbank rates. As a result, fees may either be charged or debited accordingly. 

 

Does Windsor Brokers charge any deposit or withdrawal fees? 

Windsor Brokers does not charge any deposit fees. However, fees are charged on the withdrawal methods according to the payment method being used. 

Does Windsor Brokers charge any swap fees? 

Yes, Windsor Brokers debits/credits overnight fees. However, these fees are waived on the Islamic Account. 

 

Addendum/Disclosure: 

No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live. 

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