In online trading, choosing the right broker can make all the difference in your trading journey. WH SelfInvest, a respected name in the industry for nearly 25 years, has served private traders and institutional clients with a comprehensive suite of trading services. This award-winning broker offers access to various financial instruments, including forex, CFDs, futures, stocks, and options. In this WH SelfInvest review, we'll look in-depth at the broker's offerings, from its regulatory standing (BaFin, FINMA, CSSF) to its innovative trading platforms and educational resources.
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.
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 known for its robust Expert Advisor (EA) functionality and extensive technical analysis tools;
- TradingView: 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.
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 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.
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 (founded in 1998) is a solid choice for traders seeking a well-regulated (FINMA, BaFin) feature-rich trading environment. With its diverse range of tradable instruments, advanced platforms (NanoTrader, TradingView, MT4), and a strong focus on education, WH SelfInvest broker caters well to beginners and experienced traders.
However, potential clients should consider the relatively high minimum deposit and the monthly fee for the premium NanoTrader platform. Additionally, traders from restricted countries will need to look for alternative options. Write your thoughts on the WH SelfInvest review in the comments.
