Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
HiWayFX
0
/10
VISIT HIWAYFX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Windsor Brokers
9.3
/10
VISIT WINDSOR BROKERS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
AvaTrade
9.7
/10
VISIT AVATRADE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
HiWayFX is regulated by CySEC. HiWayFX have provided Forex, Binary Options trading services since 2014. |
Windsor Brokers is regulated by FCA, CySEC. Windsor Brokers have provided Forex, Spread betting, CFD trading services since 2005. |
AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. |
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Why choose them? |
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Headquarters | 152, Franklin Roosevelt Avenue, 3045, Limassol, Cyprus | Limassol, Cyprus | Dublin, Ireland | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 59 | |||
Commodities Offered | 16 | |||
Stocks Offered | 99 | |||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
See all instruments
Losses can exceed deposits |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | Gwazy | Gwazy | AvaTradeAct, AVAOptions | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, French, Arabic, Greek, Russian, and Indonesian |
English, Chinese, and Arabic |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
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See platform & features
Losses can exceed deposits |
See platform & features
Losses can exceed deposits |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by HiWayFX and Windsor Brokers |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
Losses can exceed deposits |
See account options
Losses can exceed deposits |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | 0.01 Lot | |
Max trade | 100 lot | None | None | |
Min deposit | $20 | $100 | $100 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 3-5 business days | 1 business day | Varies | |
Withdrawal processing time | 1-10 business days | 1-5 business days | Varies | |
See all funding options
Losses can exceed deposits |
See all funding options
Losses can exceed deposits |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | BE,BR,NZ,US,KE,IN,GH | |||
Contact email | Send Email | Send Email | Send Email | |
Phone number | + 44 3308 280 893 | 357 25 500 700 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | https://www.hiwayfx.com/ | http://www.windsorbrokers.com/ | http://www.avatrade.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | Not offered | 0.9 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | Not offered | 1.6 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | Not offered | 1.1 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | Not offered | 1.1 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | Not offered | 1.6 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | Not offered | 2.0 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | Not offered | 1.8 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | Not offered | 1.5 pips | |
View all spreads
Losses can exceed deposits |
View all spreads
Losses can exceed deposits |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | No | |
Commission | No | No | No | |
Deposit Fee | No | Varies | No | |
Withdrawal Fee | No | Varies | No | |
View All Fees
Losses can exceed deposits |
View All Fees
Losses can exceed deposits |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Featured In | Best Brokers For Mac UsersBest Brokers For HedgingBest 5 Digit BrokersBest Brokers With VPSBest Brokers For Indices | Best Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers For IndicesBest FCA Regulated BrokersBest CySEC Regulated Brokers | Best MT4 BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Ripple BrokersBest Litecoin Brokers | |
Last update |
All information collected from https://www.hiwayfx.com/. Last updated on 01/03/2021. |
All information collected from http://www.windsorbrokers.com/. Last updated on 01/03/2021. |
All information collected from http://www.avatrade.com/. Last updated on 01/03/2021. |
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Company |
HiWayFX is an online forex trading service provider. They are regulated by CySEC. To open an account with HiWayFX, minimum deposits start from £/$20. |
Windsor Brokers is an online forex and binary options trading service provider who are regulated by CYSEC, FCA, AMF, BaFin, MiFID. To open an account with Windsor Brokers, minimum deposits start from $100. |
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. |
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Popular comparisons |
Popular comparisons feat. HiWayFX
ETX Capital vs HiWayFX |
Popular comparisons feat. Windsor Brokers
Windsor Brokers vs 3D Markets |
Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), HiWayFX is likely the better choice. However, if you want a broker that offers VIP accounts, Windsor Brokers may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Windsor Brokers to be the more reliable broker. We’ve broken down why below:
HiWayFX is regulated by Unregulated, while Windsor Brokers is regulated by CySEC.
AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
HiWayFX has been around for 7 years, while Windsor Brokers have been around for 16 years. Our third alternative broker, AvaTrade, have been around for 15 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both HiWayFX and Windsor Brokers use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both HiWayFX and Windsor Brokers are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
HiWayFX are based in 152, Franklin Roosevelt Avenue, 3045, Limassol, Cyprus, while Windsor Brokers are based in Limassol, Cyprus .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both HiWayFX and Windsor Brokers offer forex trading. Also, if you’re looking to trade cryptocurrencies,
neither HiWayFX nor HiWayFX offer commodity trading.
Windsor Brokers also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both HiWayFX and Windsor Brokers offer this. Our alternative broker, AvaTrade, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Windsor Brokers, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
HiWayFX does allow scalping and hedging. While Windsor Brokers also allows scalping and hedging. You can't trade with EAs (expert advisors) on HiWayFX but you can trade EAs (expert advisors) with Windsor Brokers.
In terms of risk management tools, neither HiWayFX or Windsor Brokers offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Both HiWayFX and Windsor Brokers accept Neteller as a funding method.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, HiWayFX and Windsor Brokers both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Windsor Brokers is more reliable based on our criteria above. Windsor Brokers has a wider range of instruments to trade. Windsor Brokers offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.