Windsor Brokers Review 2026
The full Windsor Brokers write-up for Philippines traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Philippines
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD022 |
| Regulated Entity | Windsor Markets Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.1 pips |
| Instruments | 800+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD30/month after 6 months |
Verdict
Cooks under FSA (licence SD022). Cover charge $100. In Philippines, forex leverage is capped at 1:500.
About Windsor Brokers
Windsor Brokers opened its doors in 1988 out of a kitchen in Limassol, Cyprus. Its menu runs to 800 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Windsor Markets Ltd under FSA.
In Philippines, Windsor Brokers serves as Windsor Markets Ltd, cleared by FSA under licence number SD022. Under FSA house rules, Philippines traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD022
- 800+ instruments to trade
- Negative balance protection in Philippines
- Platforms: MT4, MT5
- Founded in 1988 (38 years operating)
- Tight EUR/USD spread from 0.1 pips
Cons
- Inactivity fee: USD30/month after 6 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is Windsor Brokers regulated?
Yes. Windsor Brokers is authorised by FSA, issued to the entity Windsor Markets Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for Windsor Brokers in Philippines?
The cover charge is $100, the smallest amount Philippines traders need to open a live account with Windsor Brokers under FSA rules.
What leverage does Windsor Brokers offer in Philippines?
In Philippines, FSA rules cap Windsor Brokers at 1:500 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Windsor Brokers safe to trade with?
The kitchen passes inspection: Windsor Brokers cooks under FSA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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