Investigating the Legitimacy of Windsor Brokers: Is it a Scam or Not?
Windsor Brokers presents itself as a well-established online brokerage company that provides clients with the opportunity to trade a range of financial instruments, including Forex, CFDs, and other derivatives. Nevertheless, following a comprehensive evaluation, it has become evident that Windsor Brokers lacks the necessary credibility and reliability to be a trusted partner in the financial industry.
Is Windsor Broker a Licensed Broker?
One of the most significant concerns with Windsor Brokers is that it is an unlicensed broker. They are showing that they are under the regulation of FCA and FM, but they did not show any proof. Also, we searched on these two regulatory websites and found nothing for this claim.
Why Should Not Your Trust an Unlicensed Broker?
It is crucial to be cautious when dealing with unlicensed brokers, as many of them have been associated with fraudulent activities such as embezzlement and money laundering. Furthermore, unlicensed brokers are not obligated to maintain their clients’ funds in segregated accounts, which puts clients’ funds at risk.
Can Windsor Brokers Be Trusted?
Windsor Brokers cannot be trusted because it lacks regulation and transparency. Moreover, the broker has been the subject of numerous complaints from traders who have lost significant money. The company has not provided satisfactory explanations for the losses and has not taken any steps to address the grievances of the affected traders.
What Do Traders Think About Windsor Brokers?
Reviews from traders who have used Windsor Brokers reveal that the company has a poor reputation in the industry. Traders have complained about poor customer service, slow trade execution, and withdrawal issues. Furthermore, some traders have reported that the broker has manipulated prices, resulting in significant losses.
Scammed by Windsor Brokers?- Talk to Our Experts
If Windsor Brokers have scammed you, contact us today. We will provide a free consultation. If you need legal help, we can provide that too.