Top 8 Locally Based Brokers
Windsor Brokers Fees and Spreads
Windsor Brokers spreads start from the average spread of 0.0 pips EUR/USD, and 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.
- Louis Schoeman
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Fees and Spreads Overview
Additional Trading Fees
Broker Fees
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.7/5
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Windsor Brokers Fees and Spreads – 6 key points quick overview:
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:
| 🔧 Instrument | 0️⃣ MT4 Zero | 📊 MT4 Prime |
| EUR/USD | 0.0 pips | 1 pip |
| XAU/USD | 0.08 pips | 0.2 pips |
| XAG/USD | 0.013 pips | 0.01 pips |
| US Crude Oil CFDs | 0.03 pips | 0.03 pips |
| Copper | 0.002 pips | 0.002 pips |
| US Crude Oil Spot | 0.04 pips | 0.03 pips |
| Spot Indices | 1.6 pips | 1.6 pips |
| Treasuries | From 0.01 pips | From 0.01 pips |
| Indices | From 0.02 pips | From 0.02 pips |
| XRP/USD | 0.0065 | 0.0065 |
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
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 charged | Withdrawal fees apply |
| Swap fees are eliminated on the Islamic Account | More 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.
