WH Selfinvest
Pros and Cons
Pros
- Regulated by CSSF, BaFin, FINMA, ACPR, and AFM
- Diverse trading instruments including Forex, stocks, CFDs, and futures
- User-friendly proprietary platform: NanoTrader
- Low spreads and competitive trading fees
- Strong customer support with multilingual assistance
Cons
- Relatively high minimum deposit of €500
- Monthly fee for premium NanoTrader platform
- No cryptocurrency trading available
- Limited payment options for deposits and withdrawals
- Not available to clients from certain countries, including the US and Australia
Basic Information
User Reviews
WH Selfinvest Overview
WH Selfinvest, established in 1998, is a well-regarded forex broker headquartered in Germany. With over 25 years of experience in the trading industry, WH Selfinvest operates under the regulatory oversight of multiple reputable authorities, ensuring a high level of safety for client funds. The broker is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the Federal Financial Supervisory Authority (BaFin) in Germany, and the Swiss Financial Market Supervisory Authority (FINMA), among others. This regulatory framework enhances its credibility and provides clients with a secure trading environment.
WH Selfinvest offers a comprehensive range of trading services that cater to both retail and institutional clients. Traders can access a wide array of instruments, including forex, CFDs, stocks, and futures, making it suitable for diverse trading strategies. The broker features advanced trading platforms, such as the proprietary NanoTrader, known for its user-friendly interface and powerful analytical tools. Customer support is available to assist clients with inquiries, and the broker is recognized for its legendary service and commitment to client satisfaction. With its competitive pricing structure and robust technology, WH Selfinvest continues to be a strong contender in the European brokerage landscape.
Is WH Selfinvest Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Commission de Surveillance du Secteur Financier (CSSF) | Luxembourg | Segregated Funds |
| Federal Financial Supervisory Authority (BaFin) | Germany | Segregated Funds |
| Swiss Financial Market Supervisory Authority (FINMA) | Switzerland | Segregated Funds |
| Autorité de Contrôle Prudentiel et de Résolution (ACPR) | France | Segregated Funds |
| Autoriteit Financiële Markten (AFM) | Netherlands | Segregated Funds |
Is WH Selfinvest Regulated and How Are Client Funds Protected?
WH Selfinvest is a regulated broker operating under the supervision of multiple reputable authorities, including the CSSF in Luxembourg, BaFin in Germany, and FINMA in Switzerland. This regulatory framework enhances the broker’s legitimacy and ensures that it adheres to strict operational standards. Client funds are protected through measures such as segregated accounts, which ensure that client deposits are kept separate from the broker’s operational funds. This mechanism significantly reduces the risk of loss in the event of financial difficulties faced by the broker. Additionally, WH Selfinvest is committed to maintaining transparency and fair practices, bolstering investor confidence in its services. With its solid regulatory oversight, WH Selfinvest provides a safe trading environment for clients across Europe.
Trading Products and Services
What trading instruments does WH Selfinvest offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
WH Selfinvest provides a diverse array of trading instruments that cater to various trading strategies and preferences. With offerings that include Forex, commodities, indices, stocks, and cryptocurrencies, traders can easily diversify their portfolios. This extensive range enables both beginners and seasoned traders to find suitable products that align with their investment goals. The availability of multiple asset categories supports flexible trading strategies, making it possible for users to adapt their approaches as market conditions change. By offering a comprehensive selection of products, WH Selfinvest positions itself as a reliable platform for engaging in dynamic market environments.
Account Types and Trading Conditions
What Account Types and Fees Does WH Selfinvest Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and experienced traders | Low spreads, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders and institutions | High leverage, advanced tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, tailored solutions | Requires corporate documentation |
| Demo Account | All traders | Practice trading without risk | No minimum deposit, unlimited access |
Account Opening Process
To open an account with WH Selfinvest, clients should follow these steps: first, submit personal, employment, and financial information. Then, provide identity verification documents, including an ID and proof of address. This ensures compliance with regulatory standards. Clients have the flexibility to upgrade their account type in the future, such as moving from a retail to a professional account as their trading experience grows.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Stocks) | 1.0 | $0 | Low commissions apply |
| CFDs (Indices) | 1.2 | $0 | Varies by index |
| CFDs (Commodities) | 1.5 | $0 | Includes gold and oil |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Other fees associated with WH Selfinvest may include deposit and withdrawal fees, inactivity fees, and platform usage fees if applicable. Additionally, clients should be aware of overnight interest (swap rates) that may apply to certain positions, as well as potential currency conversion fees for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does WH Selfinvest Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| NanoTrader | Windows, macOS | User-friendly interface, automated trading, multiple order types, 2FA login security, extensive charting tools | Demo accounts, VPS |
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Expert Advisors (EAs), market analysis tools, customizable alerts | Demo accounts, API interfaces |
| TradingView | Web, iOS, Android | Advanced charting capabilities, social trading features, push notifications | Demo accounts |
The platforms offered by WH Selfinvest cater to a variety of trading needs and preferences. NanoTrader excels with its intuitive interface and automated trading options, making it ideal for users seeking efficient trade execution. MT4 is well-suited for traders who require robust analytical tools and automated trading capabilities, while TradingView provides advanced charting and social trading features for a collaborative trading experience. WH Selfinvest ensures secure login methods across all platforms, facilitating fast order execution and real-time alerts, supporting traders whether they are on desktop or mobile devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 50, Max 20,000 EUR/day | EUR, USD, CHF |
| Credit/Debit Cards | Instant | No platform fee | Min 50, Max 10,000 EUR/day | EUR, USD |
| e-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge for withdrawals | Min 50, Max 5,000 EUR/day | EUR, USD |
Minimum Deposit
WH Selfinvest requires a minimum deposit of 50 EUR to open a trading account. This amount is consistent across all payment methods and account types, ensuring accessibility for both new and experienced traders.
How to Withdraw
To withdraw funds from your WH Selfinvest account, follow these steps: 1. Log into your trading account. 2. Navigate to the ‘Withdrawal’ section. 3. Select your preferred payment method. 4. Enter the withdrawal amount and confirm your request. 5. Complete any necessary verification steps as prompted.
Customer Support
WH Selfinvest Customer Support Overview
Support Channels
WH Selfinvest provides multiple contact methods for customer support, ensuring that clients can receive assistance whenever needed. Key support channels include:
- Email: Clients can reach WH Selfinvest’s support team through info@whselfinvest.com.
- Live Chat: An instant messaging service available on the broker’s website for immediate help.
- Telephone: Clients can call various regional offices, including:
- Luxembourg: +352 42 80 42 80
- Germany: +49 69 271 39 78 – 0
- France: +33 (0) 1 48 01 47 61
- Social Media: WH Selfinvest maintains a presence on platforms like Facebook to engage with clients.
Service Availability
Customer support is available Monday to Friday from 08:00 to 22:00. WH Selfinvest offers multilingual support, catering to clients in various languages, including German, French, Dutch, and English, to ensure effective communication and assistance.
Additional Resources
WH Selfinvest enhances its customer service with educational resources such as webinars, trading tutorials, and market analysis to help clients improve their trading skills and make informed decisions. These resources support clients in navigating the trading environment and understanding market dynamics effectively.
Frequently Asked Questions
WH Selfinvest operates under the regulation of several reputable authorities, including the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the Federal Financial Supervisory Authority (BaFin) in Germany, and the Swiss Financial Market Supervisory Authority (FINMA). Client funds are protected through measures such as segregated accounts, which ensure that client deposits are kept separate from the broker’s operational funds, reducing the risk of loss in case of financial difficulties faced by the broker.
WH Selfinvest provides a comprehensive range of trading instruments, including forex, CFDs, stocks, commodities, indices, and cryptocurrencies. This diverse selection allows traders to implement various strategies and adapt to changing market conditions, making it suitable for both beginners and seasoned traders.
To open an account with WH Selfinvest, clients need to submit personal, employment, and financial information along with identity verification documents, such as an ID and proof of address. This process ensures compliance with regulatory standards. Clients can choose from various account types and have the flexibility to upgrade their account as their trading experience grows.
WH Selfinvest offers multiple channels for customer support, including email at info@whselfinvest.com, live chat on their website, and telephone support with regional offices in Luxembourg, Germany, and France. Customer support is available Monday to Friday from 08:00 to 22:00, and assistance is provided in several languages to ensure effective communication.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.