Find out the history of forex trading, how it works and how to trade. Note this is an educational site only and not for the purposes of forex trading.
Windsor Brokers
Windsor Brokers Ltd started out as a small broker in 1988 with 5 employees and as a shariah complainit broker with a selected number of clients from the middle east. By 2007 the company had expanded to over 70 employees. 2007 was also the year the Windsor Business Center, the new hearquarters, were located in Limassol, Cyprus. Their website, www.windsorbrokers.biz, was registered in April 2002. It is essential when selecting a broker to ensure they are licensed & regulated by a credible governmental body and that the broker adheres to all the regulatory standard. Perhaps the main reason why Windsor Forex Brokers would appeal to a new trader is the amount of regulation that the company adheres to. Located in Cyprus, this forex broker is licensed and regulated by the country's regulatory body CySec (the Cyprus Securities and Exchange Commission) and also by the Financial Services Authority (FSA) of the UK among other bodies. Earlier in the year, it was awarded the Best Broker Forex Award 2010 in an online competition for brokerage firms in the Middle East. New traders are offered a free demo account which is loaded with up to $5,000,000 practice money. Starting trades with this broker is easy as the minimum deposit is only $25. There are three types of accounts with the Micro account being the smallest. The others are Mini (minimum deposit $250) and Standard (minimum deposit $2500). The level of support and the spreads varies depending on the type of account held. Micro account holders are not able to use Expert Advisors (EAs), for example, and only obtain support via email while holders of the other accounts have access to EAs and get support via email, telephone and live chat. Leverage for the Micro account is 1:500 while it is 1:400 and 1:200 for Mini and Standard accounts respectively. Spreads with this broker are also quite low and go to as low as 1 pip even for the Mini account. Close to thirty forex pairings are traded at Windsor including all the majors. Spreads for the EUR/USD pair are 2 pips for the Standard Account and as low as 1 pip for the USD/JPY pair.
MetaTrader 4 platform Windsor's website has a full-fledged Education section which teaches forex trading in some detail as well as explaining the terms of the trade. Traders also have access to customer support 24/7 from Monday to Friday via live chat, email and telephone. Support is available in a total of thirteen languages including English, French, Chinese, Polish and Italian.
Funding and withdrawal options Traders with Windsor have access to a Daily Report which is a condensation of all the important market indicators and technical analysis. The company is also Shariah compliant and regularly organizes trading competitions.
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