Windsor Brokers review 2023 | File A Scam complaint (2024)

FAQs

Are Windsor brokers regulated? ›

Windsor Brokers International Ltd

is regulated by the Financial Services Authority in Seychelles, offering its services within the rest of the world except USA and EEA.

Hanna (Johny) Abuaitah is the CEO at Windsor Brokers. He attended City, University of London.

Some of the most reputable regulatory bodies for forex trading include the US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA). You can verify a trader's licenses and regulations by checking their website or contacting the regulatory body directly.

Max Leverage: Please note max leverage is 1:400 for clients under Windsor Markets (Kenya) Limited and 1:100 for clients under Seldon Investments Limited (Jordan).

Overall WINDSORBROKERS is considered high-risk with an overall rating of 4 out of 10.

FINRA: Another good source of information about brokers and their firms is the BrokerCheck website operated by FINRA, an independent, not-for-profit organization authorized by Congress to protect investors. Some states refer visitors to the FINRA for broker information.

From the beginning, Windsor has been owned and operated by generations of the Zekaria family.

Who is the richest stock trader in the world? The richest stock trader in the world is considered to be Warren Buffett. He is one of the most influential investors in the whole history of trading in the stock market. As of 2022, his net worth is 107 billion dollars.

We believe everyone should have the right to access and trade the financial markets in a fair, efficient, and safe manner. It is this belief that led us to the establishment of Windsor Brokers back in 1988. For the past 30 years, our mission has been to facilitate investors' access to the global markets.

If someone contacts you out of the blue, or you meet someone online who introduces you to a trading website you've never heard of before, chances are it's a fraud. It doesn't matter how much scam trading websites claim you will earn, or how easy or risk-free they say it will be, you will lose any money you give them.

What to do if scammed by forex? ›

You can also seek legal counsel, file a complaint with the CFTC for forex-related scams, and file a securities fraud complaint with the SEC.

The CFTC sued Kazmi and My Forex Funds, also known as Traders Global Group Inc., in September. The agency alleges that the business charged over $300 million in customer fees by falsely promising to grant retail investors access to the forex market.

Therefore, the best leverage for a beginner is 1:10, or if you want to be safer, choose a leverage of 1:1, depending on the amount you are starting with. So, what leverage should I use on a $300 account? $300 is the minimum amount of money required in a mini lot account, and the best leverage on this account is 1:200.

The best leverage for $100 forex account is 1:100.

Many professional traders also recommend this leverage ratio. If your leverage is 1:100, it means for every $1, your broker gives you $100. So if your trading balance is $100, you can trade $10,000 ($100*100).

Increased potential profits: With 1:500 leverage, even small price movements can lead to significant profits. For example, if a trader has $1000 in their account, they can control a position worth $500,000. If the currency pair moves by just 1%, the trader can potentially make $5000 in profits.

Unregulated brokers are not subject to the same rules and standards as regulated brokers, which means that investors are not protected by the same consumer protections, such as investor compensation funds, that are available to investors who trade with regulated brokers.

Windsor Brokers Commissions

There are no commissions on a Prime MT4 account. There is, however, an $8 round-turn commission on a Zero account.