- Regulator
- Capital Markets Authority (CMA)
- Local company
- Windsor Markets Kenya Limited
- Licence number
- 156
- M-Pesa
- Not confirmed
Broker review · Checked
Windsor Brokers review 2026: is Windsor Brokers legit in Kenya and South Africa?
Windsor Brokers holds a CMA licence in Kenya (Windsor Markets Kenya, 156) and has been around since 1988. It is MetaTrader 4 only and charges $20 a month on accounts dormant for six months. Most published detail is from 2022.
- Founded1988
- 🇰🇪 CMALicence 156
- 🇿🇦 FSCAChecking
- Minimum deposit$100
- M-PesaNot confirmed
Is Windsor Brokers regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Windsor Brokers
Windsor Brokers is a Cyprus-based group regulated by CySEC (030/04), with companies in Jordan, Seychelles, Belize and Kenya. Windsor Markets Kenya Limited holds CMA licence 156.
Who Windsor Brokers suits, and who should look elsewhere
Good fit if you
- want a long-established broker with a CMA licence
- use MetaTrader 4 only
Look elsewhere if you
- want MT5 or cTrader
- might leave the account dormant
Windsor Brokers account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Prime | $100 | From 1.0 pip, no commission |
| Zero | $2,500 | From 0 pips plus $8 per lot round turn |
From FXEmpire data collected in 2022.
Leverage: Up to 1:400–1:500 for Kenyan clients (sources differ).
Windsor Brokers fees: spreads, commission and other charges
| Inactivity fee | $20 a month after 6 months without trading |
| Skrill withdrawals | 1% |
| WebMoney | 0.8% |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Windsor Brokers deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Licensed company: Windsor Markets Kenya Limited, CMA licence 156.
- No M-Pesa confirmed. Cards, wire, Skrill, Neteller.
🇿🇦 South Africa
- No South African licence found.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Windsor Brokers trading platforms
- MetaTrader 4
Is your money safe with Windsor Brokers?
- CMA licence in Kenya; CySEC for the EU company.
Windsor Brokers pros and cons
Pros
- CMA licence
- Long track record
Cons
- MT4 only
- $20 monthly inactivity fee
- Older published data
- No M-Pesa confirmed
Our real-money test of Windsor Brokers
Coming
We will open a Windsor Brokers account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Windsor Brokers withdrawal time: reports from traders
How long do Windsor Brokers withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Windsor Brokers? Get a ready complaint letter and the right regulator contact with our complaint desk →
Windsor Brokers: questions people ask
Is Windsor Brokers regulated in Kenya?
Yes. In Kenya, Windsor Brokers operates through Windsor Markets Kenya Limited, which holds CMA licence 156. Check that this company is named on your client agreement, not an offshore company of the same brand.
Is Windsor Brokers regulated by the FSCA in South Africa?
Not confirmed. We have not yet matched Windsor Brokers to an FSCA licence number, so it gets no “Visit” button for South Africa until we do.
Is Windsor Brokers regulated in Kenya?
Yes. Windsor Markets Kenya Limited holds CMA licence 156.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.