WH Selfinvest Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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AMF Suspicious Clone 
Their website appears to be professionally done, and their customer service representatives have always been friendly and helpful in answering my questions. If there is any chance at all, I might as well give it a shot.
WH SelfInvest has garnered mixed reviews from various sources, reflecting both its strengths and weaknesses as a brokerage firm. Established in 1998 and headquartered in Luxembourg, WH SelfInvest is regulated by multiple European authorities, including BaFin (Germany), CSSF (Luxembourg), and ACPR (France). However, despite its robust regulatory framework, user experiences vary significantly, with some praising its trading platforms and customer service, while others express dissatisfaction with its high minimum deposit requirements and fee structures.
Note: It is crucial to recognize that WH SelfInvest operates under different entities across regions, which may impact the services and protections available to clients. This review aims to provide a balanced perspective based on various sources to ensure fairness and accuracy.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 8 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 8 |
| User Experience | 6 |
| Additional Features | 5 |
How We Rate Brokers: Our ratings are based on extensive research, including user feedback, expert opinions, and comparative analysis with industry standards.
Founded in 1998, WH SelfInvest has established itself as a notable player in the European forex and CFD trading market. The broker offers access to a variety of trading platforms, including the widely-used MetaTrader 4 (MT4) and its proprietary Nano Trader platform. Clients can trade across multiple asset classes, including forex, CFDs, stocks, and futures. WH SelfInvest is regulated by several reputable authorities, ensuring a level of security and compliance with industry standards.
Regulated Geographical Areas/Regions:
WH SelfInvest operates in multiple jurisdictions across Europe, including Luxembourg, Germany, France, Belgium, and the Netherlands. This broad regulatory coverage enhances its credibility and provides a safety net for traders.
Deposit/Withdrawal Currency/Cryptocurrency:
The broker primarily supports deposits and withdrawals via bank wire transfers. Unfortunately, it does not accept deposits through credit/debit cards or popular e-wallets like PayPal or Skrill. The minimum deposit requirement is set at €2,500, which is relatively high compared to many competitors.
Bonuses/Promotions:
WH SelfInvest does not offer any promotional bonuses or incentives to attract new clients. This is common among European brokers, as regulatory restrictions often limit such offerings.
Tradeable Asset Classes:
Clients can access a diverse range of trading instruments, including over 69 forex pairs, CFDs on commodities and indices, and futures contracts. This variety allows traders to diversify their portfolios effectively.
Costs (Spreads, Fees, Commissions):
The cost structure at WH SelfInvest includes both fixed and variable spreads. For instance, the spread for major currency pairs like EUR/USD starts at around 1.0 pips, with a commission of €3.5 per lot for commission-based accounts. While the spreads are competitive, the overall cost may still be higher than some other brokers, especially considering the high minimum deposit.
Leverage:
WH SelfInvest offers a maximum leverage of 1:50, which is lower than the industry average. This conservative approach may appeal to risk-averse traders but could deter those seeking higher leverage for potentially greater returns.
Allowed Trading Platforms:
The broker provides access to several trading platforms, including the popular MT4 and the proprietary Nano Trader. The Nano Trader platform is noted for its advanced features, including automated trading tools and a user-friendly interface.
Restricted Regions:
WH SelfInvest does not accept clients from the United States, Australia, or Japan. This limitation may affect traders in these regions who are seeking a regulated European broker.
Available Customer Support Languages:
Customer support at WH SelfInvest is available in multiple languages, including English, German, French, and Dutch. The support team has received positive feedback for its responsiveness and effectiveness.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 8 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 8 |
| User Experience | 6 |
| Additional Features | 5 |
Account Conditions: The high minimum deposit of €2,500 can be a barrier for many retail traders. While this might ensure that clients have a serious commitment to trading, it limits accessibility.
Tools and Resources: WH SelfInvest provides a range of educational resources, including webinars and a demo account, which are beneficial for traders looking to enhance their skills.
Customer Service and Support: The customer support team has received commendations for its efficiency and effectiveness, contributing positively to the overall user experience.
Trading Setup (Experience): The trading platforms offered are robust, but some users have reported that the proprietary Nano Trader is less intuitive than other market-standard platforms.
Trustworthiness: WH SelfInvest is regulated by multiple authorities, lending credibility to its operations. However, the varying experiences reported by users necessitate caution.
User Experience: While some users appreciate the advanced features of the trading platforms, others have expressed concerns over the high fees associated with trading.
Additional Features: The lack of promotional bonuses and limited payment options may deter some potential clients from choosing WH SelfInvest as their broker.
In conclusion, WH SelfInvest presents a solid option for traders looking for a regulated European broker with a diverse range of trading instruments and robust customer support. However, the high minimum deposit and fee structure may not be suitable for all traders. It is advisable for potential clients to conduct thorough research and consider their individual trading needs before engaging with WH SelfInvest.
