Windsor Broker Serving Iranians Through WM Markets

Over the past few years, the names Windsor Brokers and WM Markets, have come up a lot among Iranian traders. Many users who had worked with Windsor Brokers for years noticed that the broker had cut off its services to Iran and found alternatives to keep trading. In this article, we look at why Windsor no longer serves Iranians, what happened between this company and its subsidiary, WM Markets , and how this change of course has affected the Iranian forex market.

 A short history of Windsor Brokers

 Windsor Brokers is one of the oldest forex brokers, with nearly three decades of global activity. The broker was founded in 1988 and over the years earned considerable credibility among traders worldwide.

 Windsor's services

 1) Offering a variety of trading accounts MT4 and MT5

 2) Support for forex, commodities, indices and stocks

 3) Education and market analysis tools

 4) Regulation by reputable bodies such as CySEC and FSC

 This international credibility has created serious challenges for Iranians' trading, because global financial sanctions came to cover brokers under European regulations.

 Why does Windsor Brokers no longer serve Iranians?

The main reason Windsor Brokers cut off access for Iranians is regulatory issues and international banking sanctions. Since 2018, many European and British financial institutions have been barred from dealing directly with clients residing in Iran. Windsor, which is supervised by CySEC of Cyprus, was forced to restrict its services to countries considered high-risk in terms of financial compliance standards, including Iran, for the following main reasons:

1) Sanctions related to money transfers and international banking systems

2) Pressure from regulators to comply with anti-money laundering rules (AML)

3) The blocking of identity verification for Iranian users through official documents

As a result, after years of trading through this broker, Iranian traders ran into error messages, account blocks and cancelled support.

 The emergence of WM Markets as an offshoot of Windsor

After Windsor cut off its services, a group of former managers and people associated with the company decided to set up an independent but similar structure to serve clients outside the European regulatory framework. The result of this change was the formation of WM Markets . The broker WM Markets is not the former Windsor, but technically and structurally it continues the operations of part of the Windsor team and was created to provide services in markets such as Iran and the Middle East.

 Main differences between Windsor and WM Markets

 Simply put, WM Markets was set up with more flexible regulation in offshore jurisdictions to get around sanction restrictions and be able to offer Iranian users services similar to Windsor's.

 Services provided by WM Markets to Iranians

Unlike Windsor, WM Markets has been able to offer Iranians legal and stable services through the regulation of offshore countries. These services include easy registration and identity verification with a national ID card or passport, Rial payment gateways through partner exchanges, Persian support and online consultation, bonuses and incentive schemes for active users, and access to ECN accounts with low spreads.

Notably, despite Windsor's legal restrictions for Iranians, WM Markets operates outside the strict scope of the European Union with its offshore model.

Iranian traders' misconception about Windsor and WM Markets

Many Iranian users, because the logo of WM Markets closely resembles Windsor's brand design and even the trading platform style is similar, think that WM Markets is the former Windsor. But the reality is that Windsor operates under Cypriot supervision and does not serve Iranian users, while WM Markets is an independent company created with inspiration from Windsor that is allowed to serve Iranians; the investors behind this broker are not necessarily the same Windsor managers, but were part of its former partner network.

The importance of brand transparency in Iran's forex market

With the growing need for safe and trustworthy brokers, knowing exactly how original brands differ from offshoots has become essential for Iranian users. When an Iranian trader joins a broker without research, based only on a superficial similarity in name, they take on a high risk in safeguarding their capital.

To avoid common mistakes, always check the broker's regulation on the official website, use reputable forex-related sources and professional forums, talk to the broker's official support in Persian and check the credibility of the site's domain. You can also use Teagle's website to stay informed about brokers' latest announcements and their security documents.