Windsor Brokers, a forex and CFD broker operating since 1988, has established a presence in Kenya. This article provides an objective analysis of Windsor Brokers’ services in the Kenyan market, including regulatory information, account types, trading platforms, and financial instruments available to Kenyan traders.
Regulatory Status in Kenya
Account Types
Windsor Brokers offers two primary account types for Kenyan traders:- Prime Account
- Zero Account
Account Comparison
Feature | Prime Account | Zero Account |
Minimum Deposit | $100 | $2,500 |
Spreads | From 1.0 pips | From 0.0 pips |
Commission | No commission | $8 per round turn |
Maximum Leverage | 1:500 | 1:500 |
Minimum Trade Size | 0.01 lots | 0.01 lots |
Maximum Trade Size | 50 lots | 50 lots |
Hedging | Allowed | Allowed |
Scalping | Allowed | Allowed |
Islamic Account Option | Available | Not available |
Negative Balance Protection | Yes | Yes |
MT4 Platform Features
- Advanced charting tools
- Multiple order types
- Expert Advisors (EAs) for automated trading
- Custom indicators
- One-click trading
- Market depth information
Trading Platforms
Windsor Brokers provides access to the MetaTrader 4 (MT4) platform for Kenyan traders. The platform is available in several versions:
- MT4 Desktop
- MT4 WebTrader
- MT4 Mobile (iOS and Android)
- MT4 Multiterminal (for managing multiple accounts)
Financial Instruments
- Forex: Over 40 currency pairs
- Indices: 14 major global indices
- Commodities: Gold, silver, oil, and other commodities
- Shares: CFDs on international stocks
- Bonds: Government bond CFDs
Available Forex Pairs
Major Pairs | Minor Pairs | Exotic Pairs |
EUR/USD | EUR/GBP | USD/ZAR |
GBP/USD | GBP/JPY | EUR/TRY |
USD/JPY | EUR/AUD | USD/MXN |
USD/CHF | AUD/CAD | USD/NOK |
AUD/USD | NZD/USD | USD/SEK |
Deposit and Withdrawal Methods
Windsor Brokers offers several payment options for Kenyan traders:- Bank Wire Transfer
- Credit/Debit Cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller)
- M-Pesa (specific to Kenya)
Payment Method Comparison
Method | Minimum Deposit | Processing Time | Fees |
Bank Wire | $100 | 1-5 business days | Bank charges may apply |
Credit/Debit Cards | $100 | Instant | No fees |
E-wallets | $100 | Instant | No fees |
M-Pesa | 1,000 KES | Instant | No fees |
Advanced Education Program
- Structured courses for beginners and advanced traders
- Live trading sessions with experts
- In-depth technical and fundamental analysis
- Customized risk management strategies
- Downloadable resource library
Educational Resources
Windsor Brokers provides educational materials for Kenyan traders:
- Video tutorials
- Webinars
- Economic calendar
- Market analysis
- Forex calculators
Customer Support
Kenyan traders can contact Windsor Brokers’ customer support through:
- Email: [email protected]
- Phone: +254 205029240
- Live chat: Available on the website
Support is available in English and Swahili.
Support Hours
Day | Hours |
Monday to Friday | 24 hours |
Saturday | 10:00 – 18:00 EAT |
Sunday | Closed |
Comparison with Other Brokers
When comparing Windsor Brokers to other options in Kenya, consider the following factors:
- Regulation: Ensure the broker is regulated by the CMA
- Trading costs: Compare spreads, commissions, and fees
- Available instruments: Check if the broker offers the assets you want to trade
- Trading platforms: Evaluate the user-friendliness and features of the platforms
- Customer support: Consider the availability and quality of customer service
- Educational resources: Assess the depth and variety of educational materials
Affiliate Program
Windsor Brokers offers an affiliate program for Kenyan traders:
- Competitive commissions
- Customized marketing materials
- Dedicated affiliate support
- Timely monthly payments
- Tiered commission structure
Pros and Cons of Windsor Brokers in Kenya
Pros:
- Regulated by the CMA
- Offers MT4 platform
- Competitive spreads
- Negative balance protection
- Multiple account types
Cons:
- Limited choice of trading platforms
- Higher minimum deposit for Zero account
- No cryptocurrency trading
Reviews
Below you can read testimonials about our platform:
“i totally recommend. minimum deposit of $20 with fast deposit and withdrawal. Excellent copytrade platform” – Joao
“After using the platform for almost two years I can sayit is very good. The easiest platform to use as far as Iknow. Keep the good work guys!” – Andri
“The team are really quick to respond to requestsand issues. They managed to change the maximumposition size for the lots wanted which is reallyhelpful would recommend this broker purely basedon the customer service alone, thank you!” – Quentin
“Withdrawing from Windsor is not troublesome at all, it is always timely. The payment handling fee is also reasonable. The broker and IB will not charge you a commission at the same time, which means you don’t need to pay twice.” – charlesd
FAQ
To open an account:
- Visit the Windsor Brokers website
- Click “Open Account”
- Fill in personal information
- Choose account type (Prime or Zero)
- Upload identification documents
- Await account verification (usually 1-2 business days)
- Fund your account and start trading
Windsor Brokers offers leverage up to 1:500 for Kenyan traders. However, it’s crucial to understand the risks associated with high leverage. Use risk management tools and trade responsibly.
Windsor Brokers does not currently charge inactivity fees on trading accounts. However, it’s advisable to check the current terms and conditions, as policies may change over time.