Windsor Brokers vs SmartFX

Windsor Brokers or SmartFX – which is better for UK traders 2024? Compare Windsor Brokers and SmartFX in this detailed breakdown of their platforms, features and fees.

Windsor Brokers vs SmartFX Comparison Table 2024
Windsor Brokers SmartFX
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rating full
3.5
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1.3
Windsor Brokers is ranked #97 among CFD brokers. SmartFX is ranked #97 among CFD brokers.
Windsor Brokers is a multi-regulated broker offering CFD trading on diverse instruments via the MetaTrader 4 platform. This CySEC-regulated firm offers tight spreads from 0.2 and $8 round-turn commissions on its Zero account as well as a commission-free account with spreads from 1 pip. The broker provides very high leverage up to 1:1000 while also providing a reliable service with client funds insured up to 5 million euros. SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC).
Pros
  • Tight spreads and competitive commissions on Zero account
  • MT4 platform support plus copy trading functions
  • Overseen by reputable regulators including CySEC
  • Excellent range of educational materials
  • High leverage up to 1:1000
  • I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS
  • There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times
  • I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods
  • I like that beginners can access copy trading opportunities via the Social Trading network
Cons
  • No additional trading platform support
  • Regulatory oversight varies between entities
  • Weak customer support and live chat function
  • I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker
  • The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me
  • There's barely any additional tools and resources available, and the educational content is weak compared to top brands
  • I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands
Awards
  • Best Multi-Trading Platform 2018 - Global Brands Magazine
  • Best CSR Company 2018 – International Finance Magazine
  • Most Transparent Forex Brokers 2018 - Jordan Forex Expo
  • Most Trusted Forex Broker 2017 - UK Forex Awards
  • Best Forex Provider 2014 - China International Expo
  • Best Forex Broker 2011 - Middle East Forex Expo
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities, treasuries Forex, CFD-indices, CFD-equities, futures
Demo Account
Yes Yes
Minimum Deposit
$100 $500
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC (Cyprus), IFSC (Belize), JSC (Jordan) VFSC
Mobile Apps
Yes Yes
iOS App Rating
rating empty
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Android App Rating
rating empty
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Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Commodities
  • Gold
  • Silver
  • Gold
  • Silver
CFD
Trade CFDs on forex, stocks, indices, commodities, bonds and cryptos with a maximum 1:1000 leverage available from the offshore branches and 1:30 from the CySEC-regulated entity. The broker's dealing desk assures fast execution, but traders should note the broker does not offer any ECN or STP trading. I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies.
Leverage
1:30 (EU), 1:500 (Global) 1:400
FTSE Spread
N/A Floating
GBPUSD Spread<
0.5 Floating
Oil Spread
0.03 Floating
Stocks Spread
Variable Variable
Forex
Trade 45+ forex pairs with lightning-fast execution and spreads from zero on majors. We were offered a tighter-than-average 0.5 spread on the GBP/USD pair and rated the powerful MetaTrader 4 platform. I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots.
Assets
44 43
GBPUSD Spread
0.5 Floating
EURUSD Spread
0.2 Floating
EURGBP Spread
0.5 Floating
Windsor Brokers SmartFX
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