Reviews

Windsor broker review
Rated: Very Good [0/10]

Windsor Brokers have been around since 1988 and in my opinion I understand why they have lasted  this long they are a market maker which means that if you Win they pay out if you loose they gain, I traded with them for only a week and I could not take it anymore, I could not believe how many "requotes" and "are you sure you want to buy this trade" I recieved and how long it took to execute the trades they even have requotes that come up on their demo accounts I did not get any myself but 
I only used the demo for a couple of trades because I didn\'t need the practice I have been live trading  for 3 years, however 2 of my friends have had requotes on the demo accounts if you try them on a  demo for a week or two  

I am sure you will get them too, when you are in profit on a trade and you try
 to close the trade you get the same thing happen again dealer is reviewing your request, I usually make around $500 a day by selecting a couple of good entry points however I had several trades that  I was in profit and tried to close the trade and lock in my profit and by the time I finally closed it my  profit had dropped from $200 to $300 down to $85 or $65 on each occasion it makes you feel like they
 are just bending you over and shafting you, making money trading forex is challenging in itself but  when you get a dealer that is using tactics like this to openly "Steal" money from their clients I just  had to write about my experiance with them so hopefully others will save themself from the frustration  and dissapointment of a shady dealer, after I took out my funds I received a call from the account  manager who asked why I was not trading anymore I told him was he joking about the call but he was
 serious I explained what I had experienced and I could not believe his answer he said and I quote : 

"WHEN YOU HAVE BEEN TRADING WITH US FOR SOME TIME WE WILL REDUCE THE AMOUNT  OF RE-QUOTES THAT YOU RECIEVE" 

I asked him do you think I would continue with a cheating company who does this type of tactics ?  no doubt one of their managers will come on here and try to justify and defend their actions or try to  say that I am a competitor or I am just a sore looser but let me reassure you that I was fortunate enough  to find another dealer that is a STP which means that they don\'t manipulate the price or give requotes,  my suggestion to anyone is if you feel like you must open an account with this cheating Windsor Brokers  then open a practice account and do a lot of trades in short period of time and see how many requotes you  get or open a live account and open with a very small deposit like $100 and do the same thing then your experiance will show it\'s ugly head. 

I wish I had read something like this before I traded live and wasted my time. 

P.S try Trading Point they have no requotes their spread is a little higher but instant execution and a fair dealer,  finally I found a good one.

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Comments

I AM A SEASONED FOREX TRADER AND I OPENED MY NEW ACCOUNT WITH WINDSOR BROKERS 2 WEEKS AGO AFTER DOING PLENTY OF RESEARCH ABOUT THEM AND AS THEY HAVE BEEN IN BUSINESS SINCE 1988 I FELT LIKE THEY WERE A WELL ESTABLISHED COMPANY WITH DECENT REVIEWS, I STARTED TRADING WITH THEM AND FOUND OUT THAT THEY HAVE BEEN AROUND SINCE 1988 AND LEARNED EVERY TRICK IN THE BOOK TO EXTRACT YOUR MONEY FROM YOU ! HERE IS WHAT I FOUND, FIRST YOU ARE ALLOWED TO HEDGE WHICH GREAT BUT THEY ALSO HAVE A FIRST IN FIRST OUT POLICY SO THEY FORCE YOU TO CLOSE THE OLDEST TRADE FIRST, THEN IF YOU TRY TO KEEP A POSITION OPEN OVER THE WEEKEND THEY WILL NOT ALLOW IT UNLESS YOU FULLY HEDGE THAT POSITION PROTECTING THEM FROM ANY LOSSES AT ALL, NEXT COMES THE JUICY PART TRYING TO OPEN A TRADE I CAN'T REALLY REMEMBER HOW MANY TIMES I GOT THE RE QUOTE SCREEN AND AFTER THAT SCREEN YOU GET ANOTHER CLEVER TRICK SCREEN THAT SAYS "ARE YOU SURE YOU WANT TO BUY THIS TRADE" - IT'S A JOKE, THEN IF YOU ARE LUCKY ENOUGH TO GET IN A TRADE AND MAKE SOME PROFIT JUST TRY TO GET OUT, ON SEVERAL OCCASIONS I WAS UP $200 TO $400 AND GOT THE SAME THING IN REVERSE DEALER IS PROCESSING YOUR REQUEST THEN YOU GET "ARE YOU SURE YOU WANT TO CLOSE THIS TRADE" ? THIS IS NOT ONLY FRUSTRATING BUT IT WIPES OUT MOST OF YOUR PROFIT, I DID JUST OPEN ANOTHER ACCOUNT WITH TRADING POINT FROM THE SAME CITY A COUPLE OF DAYS AGO AND THEY SEEM REALLY FAIR "NO RE QUOTES" AT ALL, INSTANT AND I MEAN INSTANT EXECUTION, NO FIRST IN FIRST OUT B.S. AND I HAVE DONE 21 TRADES SO FAR AND DOUBLED MY STARTING FUNDS, THE BEST ADVISE DON'T USE A MARKET MAKER THEY ARE ALWAYS AGAINST YOU USE AN STP COMPANY, IT'S REALLY A SHAME THAT THERE ARE CHEATING COMPANY'S OUT THERE LIKE WINDSOR BROKERS BECAUSE THERE IS MORE THAN ENOUGH MONEY TO GO AROUND, I JUST HOPE THAT PEOPLE READ THIS AND DON'T USE CHEATERS. GOOD LUCK TO EVERYONE..... JIM T. U.S.A.

Comment by Jim T 30/08/2011 05:35:48 , Tag: winsor broker
Windsor does not allow external indicators on their platform and they interested in their client loss than profit.Their system is presetted to cheat.Another name for WINDSOR IS CHEAT.Their system is designed for scam,it is nothing but modern day official SCAMMER.TRADERS BEWARE!

Comment by chile nweze 06/11/2011 06:29:03 , Tag: windsor broker scam
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