Windsor.fm review – 5 things you should know about windsor.fm

Windsor.fm review – 5 things you should know about windsor.fm

Rating: 1

Beware! Windsor.fm is an offshore broker! Your investment may be at risk.

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Windsor.fm will be an interesting review in the making. For one, have you ever encountered a broker called thusly? We find that’s the name of a broker is one of the most crucial things for making a first impression. The fact that Windsor.fm sounds more like a radio station than a forex broker talks a lot of the actual state of the broker. Second, the broker is visually very pleasing and actually has the potential of scamming you because of this. And third, the broker claims to be licensed but in reality, the truth is far from this. Read the review for more information on why Windsor.fm is not worth the risk.

Creating an account was very easy and this means that the broker will allow in. This is the perfect scenario for any unregulated broker because this way anyone can enter and potentially invest.

The user area was nothing special however it was unique for the broker which is saying something in today’s scammer broker climate. Unfortunately, we encountered an issue with the web trader that actually makes trading with the broker completely irrelevant. The issue is explored more in the section of the review covering the software.

Because of this predicament, we concluded that users cannot trade, therefore the spreads, leverages, and trading conditions as a whole do not apply to this broker. We can go as far as questioning the very essence of Windsor.fm: Is it a broker or not?

The website of the company is available in English and Russian.

WINDSOR.FM REGULATION AND SAFETY OF FUNDS

The main thing that this broker has it going for itself is an alleged licence being held by the so-called Global Financial Authority or GFA. For some time now there have been reports of clone websites of legitimate regulators. Most notably agencies such as the FCA and CySEC have had multiple cloned versions of themselves. All in an attempt to scam users.

GFA is not a clone of any regulator but is a very fake and well crafted non-existent forex regulator. Nothing on the website is true and everything is constructed in such a way as to mislead users into thinking something that is not true.

Aside from this incredibly misleading and completely fake regulatory information, there is nothing else to work with. Legal documents do not give us any regulatory or registration news, while the contacts address actually assert the firm to be located in Cyprus but this cannot be further away from the truth. And even if the broker was somehow registered in Cyprus it would be offering completely illegal FX services without a license.

Windsor.fm is without doubt unregulated and a risk to all.

Investing in unregulated brokers is basically throwing your money out of the window. They will very rarely return your money, and even if that happens it would cost the user an incredible amount of headache and time.
That is why we encourage users to only trade with regulated brokers. Please, once you enter a broker that you think is worth investing in always check for a license before doing anything else.
We recommend UKEUUS, or Aussie brokerage firms. All such regulated brokers are very trustworthy and offer safe and secure trading grounds.
Furthermore, agencies like the FCA and CySEC offer user compensation funds that are applied only when the broker at hand is not able to pay back to user due to insolvency. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

WINDSOR.FM TRADING SOFTWARE

The one and only reason why we did not pick any trading conditions from the software as well as concluded that users cannot trade with the broker, is that the trading servers on the web trading software were under a different name. This means that users will be trading with the trading conditions owned by some other third party.

Seeing that Windsor.fm does not have trading service, it technically doesn’t offer any trading grounds.

WINDSOR.FM DEPOSIT/WITHDRAW METHODS AND FEES

Let’s see what we can get from the user area concerning payments. The only depositing method is Cashier, while withdrawals are impossible to make without depositing.

The website claims that users can invest in other methods than the one we just mentioned, but how can that be possible when the client area specifically and very clearly reveals just one single payment Gateway. Deception is one of the most important tool used by star brokers.

Withdrawal information is virtually non-existent. Moreover, there is no minimum deposit indicated.

As a conclusion we have to just say that’s interesting in Windsor.fm will be a mistake.

How does the scam work?

It’s almost ironic that’s one of the most popular ways to get scammed by a forex investment fraud is incredibly simple to grasp. If you look at it constructively, the way a scam works is that it follows a couple of incredibly simple steps that nevertheless take a lot of experience and authority to pull off.

In fact, investment scams are so effective not because of the way they are structured but because the people that are behind them are very talented at human manipulation. They have an arsenal of psychological and behavioral tricks.

Indeed, the hardest part of any scam is to actually be introduced to the scammer in person which happens most of the time by phone but it can also occur by email correspondence.

The quickest and most effective tool they have is online ads. Fake and misleading ads are ubiquitous over the internet. They continually evolve into becoming more and more legitimate-looking while retaining their complete scammer nature. Everybody has seen at least a couple of these ads: they promote a carefree life, luxurious products on the go, beautiful women, and other very expensive and realistically unattainable stuff.

Behind these ads are the investment scammers. Once you end up on the website you will be asked to provide a phone number or an email address for the sole purpose of being contacted by the broker.

The representatives of the scam will ask you to invest. He or she will use an array of tactics to make you invest. This is a solicitation and nothing else. Investing an initial deposits will build trust with the scammer and can potentially lead to more and higher investments.

If the user continues to invest and trusts the broker, he or she will continue to invest money that will be very hard to retrieve.

And once the time comes to actually get your money back or at least withdraw a profit, the true scammer nature of the company will reveal itself. The broker will either block your accounts, close off all communications with you, shut down the entire website, or stall all requests. At times it can even pay you back a percentage of your deposit and profits in order to create a false sense of security.

What to do if scammed?

Now, the quickest way to get your money back is to file for a chargeback with your credit or debit cards provider. However, this applies only to those users that have actually lost money by means of a card. MasterCard and VISA have a chargeback period of 540 days.

Bank transfers are harder to get back. First of all, we always encourage users to immediately change their bank account username and password. And then to contact the bank itself and try to find a solution to the problem together. The banking institution might have a specific section that deals with similar issues.

One sure way to lose all of your deposit is to invest in a regulated broker via any sort of cryptocurrency. Even in today’s world, crypto transactions are untraceable making crypto deposits the most popular investment gateway used by unregulated brokers. All funds invested through a crypto wallet are definitely lost.

And a warning to all readers! Do not trust the self-proclaimed recovery agency or agencies whose promises of returning all your funds are as misleading as the broker scam itself. They will take the initial fee charged for the false services and will disappear with the money.

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