The broker offers 3 account types, with a minimum deposit of €500 for the CFD and Forex Mini account.
The forex commission is €2.20 per lot per side, while futures and options charge $2.20 per contract.
In addition, WH SelfInvest provides tools like copy trading, VPS, and trading signals to enhance the trading experience.
Company Information & Regulation Status
WH SelfInvest has established itself as a reputable and well-regulated forex and CFD broker in the European market. Founded in 1998 and headquartered in Luxembourg, the company has expanded its operations to serve clients from over 28 countries. WH SelfInvest's commitment to regulatory compliance is evident in its licensing by several esteemed financial authorities:
- BaFin (Federal Financial Supervisory Authority) in Germany
- FINMA (Swiss Financial Market Supervisory Authority) in Switzerland
- CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg
This multi-jurisdictional regulatory framework ensures that the broker operates transparently and adheres to strict financial standards, providing clients with a secure trading environment.
Summary of Specifics
WH SelfInvest offers a comprehensive trading solution catering to new and pro traders. Here's a breakdown of the broker's key specifics:
Broker | WH SelfInvest |
Account Types | Multi-Market, Zero Commission, CFD & Forex Mini, CFD & Forex Standard, Futures, Demo |
Regulating Authorities | BaFin, FINMA, CSSF |
Based Currencies | EUR, USD |
Minimum Deposit | € 500 |
Deposit/Withdrawal Methods | Bank Transfer |
Minimum Order | 0.01 |
Maximum Leverage | 1:30 |
Investment Options | No |
Trading Platforms & Apps | MT4, TradingView, NanoTrader |
Markets | Forex, CFDs, Futures, Stocks, Options |
Spread | Variable |
Commission | €2.20 for Forex |
Orders Execution | STP |
Margin Call/Stop Out | 100%/50% |
Trading Features | Copy Trading, VPS, Trading Signals |
Affiliate Program | No |
Bonus & Promotions | No |
Islamic Account | N/A |
PAMM Account | No |
Customer Support Ways | Phone, Email, Callback, Remote desktop |
Customer Support Hours | 8:00 AM to 10:00 PM CET |
WH SelfInvest provides direct access to over 120 market centers in 26 countries, allowing traders to engage with various financial instruments.
Types of Accounts on WH SelfInvest broker
The broker introduces several account types to suit different trading needs:
Account | Min. Deposit | Instruments |
Multi-Market (Stock & Options) | € 2.000 | Stocks and options, ETFs, Bonds, Forex and more |
Zero Commission (Stock & Options) | N/A | Stocks and options |
CFD & Forex Mini | € 500 | Indices, Metals, Energy, Bonds, Stock, ETF, FX Pairs |
CFD & Forex Standard | € 2.500 | Indices, Metals, Energy, Bonds, Stock, ETF, FX Pairs |
Futures | € 5.000 | E-mini |
Demo | € 0 | Almost all covered |
Each account type can access multiple trading platforms.
Advantages and Disadvantages of WH SelfInvest
Like any broker, WH SelfInvest has its strengths and weaknesses. Here's an overview:
Advantages | Disadvantages |
Wide range of markets and instruments | Relatively high minimum deposit (€500) |
Regulated by multiple respected authorities | Monthly fee for premium NanoTrader platform (€29) |
Excellent customer support | No Crypto Trading |
Competitive commissions and spreads | Not available to clients from certain countries (e.g., US, Australia) |
Copy trading functionality | - |
Signing Up & Verification Process
Opening an account with the broker is simple and easy to go through:
- Visit the website and click on "Open an Account";
- Click on “Fasttrack online account opening”;
- Choose your preferred account type;
- Fill in the fields with your full name and Email;
- Fill out the online application form with your personal details (Address, Date of birth, phone, etc.);
- Determine the base currency and provide your tax information;
- Provide the required documentation for verification (Proof of identity and address);
- Fund your account using one of the available methods (bank transfer is most common) and start your trading.
The verification process typically takes 1-2 business days.
WH SelfInvest’s Trading Platforms
The broker offers several trading platforms to cater to different trader preferences:
- NanoTrader: This highly customizable proprietary platform has advanced features, including automated trading capabilities and extensive charting tools;
- MetaTrader 4 (MT4): The industry-standard platform is known for its robust Expert Advisor (EA) functionality and extensive technical analysis tools;
- TradingView: It's an advanced charting platform integrated with WH SelfInvest's execution capabilities.
While MT4 is famous for its EA capabilities, some traders may find it less suitable for discretionary trading due to limited functionalities compared to NanoTrader.
TradingFinder provides a comprehensive list of MT4 indicators and TradingView indicators for free. Check them for additional analytical tools.
Spreads and Commission Structure
The broker offers competitive pricing across its various instruments:
- Forex and CFDs: Commission of €2.20 per lot per side
- Futures and options: Commission of $2.20 per contract
- Stocks and ETFs (USD): Commissions starting with a minimum of €1.90
The broker provides a transparent fee structure with no hidden costs. Volume-based discounts are available for high-volume traders.
Deposit & Withdrawal Methods
WH SelfInvest, like some forex brokers, primarily uses bank wire transfers for deposits and withdrawals. Here's what you need to know:
- Minimum deposit: €500 (or equivalent)
- Deposit processing time: 1-3 business days
- Withdrawal processing time: 1-5 business days
- One free withdrawal per month; additional withdrawals may incur a fee of €8
All client funds are held in segregated accounts to enhance the security.
Copy Trading & Investment Options
WH SelfInvest has a copy trading feature, allowing clients to replicate the trades of successful traders automatically. This can be particularly useful for newbie traders or those with limited time for market analysis. However, it's worth noting that WH SelfInvest broker does not offer PAMM (Percentage Allocation Management Module) accounts, which other brokers sometimes provide for managed investments.
Bonus offerings and Promotions
It's important to note that WH SelfInvest does not offer trading bonuses or run an affiliate program. This aligns with their focus on providing a transparent and professional trading environment rather than relying on promotional offers to attract clients. Instead, the broker emphasizes the quality of its services, platforms, and educational resources as its main selling points.
Support Team and Response Hours
WH SelfInvest is known for its excellent customer support, offering assistance through multiple channels:
- Email support: info@whselfinvest.com (Luxembourg)
- Callback service
- Direct phone support: +352 42 80 42 80
- Remote desktop support (Desk)
The support team is multilingual and known for its quick response times and professionalism. Support is available during extended business hours, typically from 8:00 AM to 10:00 PM CET, Monday to Friday.
List of Restricted Countries
While WH SelfInvest accepts clients from over 28 countries, some notable restrictions exist.
Clients from the following countries cannot open live trading accounts:
- United States
- Australia
- Belgium
These restrictions are likely due to regulatory requirements in these jurisdictions.
WH SelfInvest Broker Trust Scores & Reviews
The broker has garnered generally positive client reviews, with a Trust Score of 4.5 out of 5 based on the Trustpilot website. Critical points from client feedback include:
- 78% of reviews are 5-star;
- Praised for professionalism and responsive customer service;
- Some negative reviews (13% 1-star) indicate room for improvement in certain areas like hidden fees and withdrawal timing (Though all were answered by the broker).
Conclusion and final words
WH SelfInvest supports STP (Straight Through Processing) for order execution, ensuring a direct and efficient trading experience.
With its diverse account types, such as Multi-Market, CFD & Forex Mini, and Futures, account holders can trade in EUR and USD.
However, potential clients should consider the higher minimum deposit of € 5.000 for Futures accounts and the monthly fee for NanoTrader.