WHSELFINVEST

About company:

 

WH SelfInvest was founded in 1998. Traders can trade a variety of instruments: currencies, CFDs, futures and securities.

 

Security of funds

The broker is owned by WH SELFINVEST SA, which is licensed by the Luxembourg Ministry of Finance. The broker has established branches in Belgium, the Netherlands, France, Germany and Switzerland, which are also controlled by local regulatory authorities.

 

Client funds are segregated from company funds and are accounted for on an individual basis. More importantly, in the event of the failure of a bank or investment company, clients are protected by the Luxembourg Client Compensation System (SIIL). It guarantees a return on investment of up to € 20,000 for each investor.

 

Trading conditionsMinimum deposit

Traders can open a live account with WH SelfInvest from € 2,500. Most brokers offer around $ 200, and some allow trading from $ 1. This high initial deposit is likely due to the broker providing access to numerous futures exchanges in addition to standard Forex and CFD trading.

 

Spreads and commissions

WH SelfInvest offers both fixed and variable spreads. While most brokers do not charge commission on fixed spread accounts, WH SelfInvest does the opposite. It offers accounts with a fixed spread of 1.0 pips on EUR / USD and charges a commission of € 3.5 per lot per side. On the other hand, its floating spreads start at 0.9 pips, with other brokers offering around 1.7 pips on the EUR / USD pair.

 

Leverage

The maximum leverage offered by WH SelfInvest is only 1:50. This is considered low leverage. In fact, this is the maximum allowed in the United States, and recently the British regulator proposed increasing the leverage to 1:50. If you need a higher leverage, many brokers offer 1: 1000.

 

Trading platforms

WH SelfInvest supports the standard MetaTrader 4 (MT4) platform and also offers its own NanoTrader.

 

NanoTrader is an award winning platform for trading futures, currencies and CFDs. It is available on both PC and mobile devices. In addition, there are two terminal options available: NanoTrader Full (costs € 29 per month) and NanoTrader Free, which offers somewhat limited functionality.

 

The platform offers the following set of trading tools: advanced mapping package, weekly trading articles, weekly trading ideas, automated technical analysis based on statistics, indicators and strategies, etc. Moreover, the NanoTrader platform offers manual and (semi) automated trading and over 45 free trading strategies integrated into the platform.

 

WH SelfInvest also uses the popular MT4, a world renowned trading terminal offering a full range of tools and services for trading: a range of built-in technical indicators, an extended set of charts, a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own advisors and let the program do all the work. Both desktop and mobile versions are available. Please be aware that it is not possible to trade futures on the MT4 platform.

 

You can also use VPS hosting for 60 euros per month.

 

Ways of payment

WH SelfInvest offers the following deposit and withdrawal methods: wire transfer, credit / debit cards, checks.

 

One free withdrawal request is allowed per calendar month. After the first withdrawal (of any kind), depending on the base currency of your account, the following fee will be charged for any subsequent withdrawal: € 8, US $ 10 or CHF 11.

 

As part of the fight against money laundering, WH only accepts incoming transfers through Banque Internationale à Luxembourg SA or ING Luxembourg SA, and only if the accompanying instructions indicate the beneficiary's name and / or WH account number.

 

Pros:

 

regulated broker; a variety of trading instruments, access to numerous futures exchanges; selection of trading platforms available MT4.

 

Minuses:

 

small amount of leverage; high initial deposit; commission applies to fixed spreads.