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Windsor Brokers

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Windsor Brokers is a forex and CFD broker established in Cyprus in 1988, with a CySEC-regulated entity and offshore arms in Seychelles, Belize, Kenya and Jordan that run its promotions. It offers a $30 no-deposit welcome bonus for new clients, a 20% deposit match, and a loyalty program that pays up to 2% interest on net account equity at its top tier. The deposit and no-deposit bonuses come with strict conditions before profits can be withdrawn, while the loyalty interest is paid as a straightforward perk.

Regulation

Cyprus Securities and Exchange Commission · Tier-1 Jordan Securities Commission · Tier-2 Financial Services Authority · Tier-2 Financial Services Commission · Tier-3 Capital Markets Authority · Tier-2
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Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.

Windsor Brokers bonuses (3 active)

1 No-deposit
3.5

$30 No-Deposit Welcome Bonus

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$30 free trading credit

Windsor Brokers gives new Prime account holders $30 of non-withdrawable trading credit with no deposit, and lets them keep profits once those profits reach $60 after at least 1 closed lot and 20 trades.

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2 Deposit match
3.1

20% Deposit Match Bonus

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20% bonus on every deposit

Windsor Brokers credits a 20% bonus on every qualifying deposit of USD 500 or more, up to a USD 10,000 lifetime cap, as non-withdrawable trading credit.

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3 Interest on balance
Perk

Loyalty Rewards Program with up to 2% interest on net equity

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0.4% to 2% annual interest in loyalty points

Windsor Brokers pays a tiered annual yield of 0.4% to 2% on your net equity as loyalty points, but only after you reach Gold status or higher and activate the feature.

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About Windsor Brokers

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Company background

Windsor Brokers traces its roots to 1988, when it was granted a license by the Central Bank of Cyprus, making it one of the older names in retail forex. The group is headquartered in Limassol, Cyprus.

The brand now operates through several legally separate companies. The Cyprus company that traded for years as Windsor Brokers Ltd was renamed WB Trade EU Ltd, confirmed on the CySEC register under license 030/04, first granted in 2004; EU and EEA clients are onboarded under this entity. Outside Europe, the brand operates through Windsor Brokers International Ltd (Seychelles FSA), Windsor Global Markets Ltd (Belize FSC), Windsor Markets (Kenya) Limited (Kenya CMA, license 156) and Seldon Investments Limited, which serves Jordan and the wider Arab world under the Jordan Securities Commission. Each entity has its own terms, so the protections and promotions available depend entirely on which one you are signed up with.

Markets, platforms and accounts

Windsor Brokers offers CFDs across forex, indices, commodities, shares and cryptocurrencies, with several hundred instruments. Trading runs on MetaTrader 4 and MetaTrader 5, available on desktop, browser and mobile, plus a companion portal app for account management.

The broker runs three core live account tiers. The Prime account is the entry point, aimed at casual traders, with spreads from around 1.0 pip and no separate commission. The Zero account targets more active traders with spreads from 0.0 pips plus a per-lot commission, and a VIP Zero tier sits above it. A Cent account is also available for very small position sizes. Minimum deposits and exact commission rates vary by promotion and by region.

Bonuses and promotions

Windsor Brokers markets several trading incentives, and all of them come with conditions that matter more than the headline number. The $30 no-deposit offer credits new Prime account holders with non-withdrawable trading capital, no funding required. You never withdraw the $30 itself. Profits only become withdrawable once they reach $60, with at least one closed standard lot and 20 completed trades, and the credit is voided after 30 days of inactivity or a single request to withdraw. Reaching that $60 threshold means turning $30 into a 200% net gain before a single dollar can leave the account, a high bar for a bonus pitched as a free trial.

The 20% deposit match works differently: it adds credit to qualifying deposits of $500 or more, stacking up to a $10,000 lifetime cap, which in practice requires $50,000 of the client's own deposits to reach. There is no turnover requirement to use it, but the bonus is permanently non-withdrawable, and any withdrawal from the account, even a small one, cancels whatever bonus remains. It functions as extra margin, not free cash.

A separate loyalty rewards program pays interest on net account equity, but only from Gold status, which requires 20 cumulative lots traded or a $2,000 cumulative deposit. Entry-level Gold pays a modest 0.4% a year; the advertised 2% headline rate is reserved for Diamond status, which needs 5,000 cumulative closed lots. The interest feature is only available to clients of two of the entities (Windsor Brokers International and Windsor Markets Kenya) and has to be manually activated in the client portal.

None of these offers are available to EU or EEA clients under the CySEC-regulated entity, which follows MiFID rules restricting this kind of incentive. They run through the offshore entities instead, and eligibility differs by country: the $30 no-deposit offer, for example, is closed to a long list of markets including the US and UK.

Practical notes

Account opening is online and typically takes about 15 minutes, with identity and address verification usually completed within one to two business days. Deposit and withdrawal processing times depend on the entity and payment method.

Because the protections differ meaningfully between the CySEC entity and the offshore ones, confirm which entity you are actually opening an account with before funding it, not just relying on the Windsor Brokers brand name.

Pros

  • +Long operating history, licensed since 1988
  • +A CySEC-regulated entity (license 030/04) is available for EU and EEA clients
  • +MT4 and MT5 both supported across desktop, web and mobile
  • +No-deposit and deposit-match promotions give new clients ways to start without large capital
  • +Loyalty interest is a real perk once activated, with no turnover lock on the redeemed cash

Cons

  • The brand spans five separate legal entities with different regulators, so protections vary by which one holds your account
  • Bonus credit in all three current promotions is non-withdrawable; only profits generated with it can potentially be withdrawn, under strict conditions
  • The $30 offer requires profits to hit $60 (a 200% gain) before any withdrawal, and lapses after 30 days of inactivity
  • The advertised 2% loyalty interest rate requires Diamond status (5,000 cumulative lots); realistic entry-tier interest is much lower
  • Bonuses are not available to EU or EEA clients under the CySEC-regulated entity

Frequently asked questions

Is Windsor Brokers regulated?

Yes, but through more than one entity. Its Cyprus company, now named WB Trade EU Ltd (formerly Windsor Brokers Ltd), holds CySEC license 030/04 and serves EU/EEA clients. Other regions are served by separate entities regulated in Seychelles (FSA), Belize (FSC), Kenya (CMA, license 156) and Jordan (JSC). Which regulator applies to you depends on which entity you open an account with.

Can I withdraw the $30 no-deposit bonus from Windsor Brokers?

No. The $30 credit itself is never withdrawable. You can only withdraw profits made while trading with it, and only after those profits reach $60, with at least one closed standard lot and 20 completed trades. Requesting a withdrawal before that cancels the remaining credit.

Does the Windsor Brokers 20% deposit bonus really give you $10,000?

Only if you deposit enough to earn it. The 20% match applies to each qualifying deposit of $500 or more and stacks toward a $10,000 lifetime cap, meaning you would need to deposit $50,000 of your own money to reach that ceiling. The bonus is credit, not cash, and it is cancelled the moment you make any withdrawal.

How does the Windsor Brokers loyalty interest work?

The loyalty program pays annual interest on net account equity, starting at 0.4% at Gold status (20 cumulative lots or a $2,000 cumulative deposit) and reaching the advertised 2% only at Diamond status, which requires 5,000 cumulative closed lots. It is available through two of the group's entities and must be activated manually in the client portal.

What is the minimum deposit at Windsor Brokers?

It depends on the account type and entity. The Prime account has historically opened from around $50, while Zero and VIP Zero accounts target larger, more active traders. The exact figure shown at signup depends on the promotion and region active at the time.

Are Windsor Brokers promotions available to EU clients?

No. Clients onboarded under the CySEC-regulated entity are not offered these bonuses because EU rules restrict this kind of trading incentive. The promotions run through Windsor's offshore entities instead, and even there, eligibility is restricted in a long list of countries.

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