WH SELFINVEST Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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I would like to recommend the company WH SELFINVEST to you. Initially I knew this company thanks to the recommendation of my landlord in Germany. My favorite part is their webinars&seminars section, I attend almost every session and really learn a lot. Even if you don't invest, it's worth it just to learn something.
Summary: Wh Selfinvest is a well-established European broker, offering a range of trading instruments and platforms, including the popular MetaTrader 4 and its proprietary Nano Trader. While it is regulated by several reputable authorities, user reviews highlight concerns regarding high minimum deposits and limited payment methods.
Note: It is important to consider that Wh Selfinvest operates under various regulatory entities across Europe, which may impact trading experiences based on the client's location. This review aims for fairness and accuracy by synthesizing information from multiple credible sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 7 |
| Trading Setup (Experience) | 6 |
| Trust Level | 8 |
| User Experience | 7 |
| Overall | 7 |
We assess brokers based on user experiences, expert opinions, and factual data from various sources.
Founded in 1998, Wh Selfinvest is based in Luxembourg and has expanded its operations across Europe, including offices in Germany, France, Belgium, and the Netherlands. The broker provides access to various trading platforms, notably MetaTrader 4 and its proprietary Nano Trader, catering to both novice and experienced traders. Wh Selfinvest offers a diverse range of assets, including forex, CFDs, stocks, and futures, and is regulated by several reputable authorities such as BaFin (Germany), CSSF (Luxembourg), and ACPR (France).
Wh Selfinvest is regulated in multiple European jurisdictions, including Luxembourg, Germany, France, Belgium, and the Netherlands. This regulatory oversight helps ensure a secure trading environment for clients, as noted by various reviews. However, some sources express concerns about the broker's operational transparency and the implications of its regional regulatory structures.
The broker primarily supports deposits and withdrawals through bank wire transfers, with no options for credit/debit card payments or e-wallets like PayPal or Skrill. The minimum deposit required to open an account is €500, which is relatively high compared to other brokers that offer lower entry points.
Wh Selfinvest does not offer bonuses or promotional incentives, a common practice among European brokers due to regulatory restrictions. This approach focuses on providing a stable trading environment rather than short-term incentives.
Clients can trade a wide variety of instruments, including over 69 forex pairs, CFDs on major commodities, stocks, and futures. The broker's extensive asset range allows traders to diversify their portfolios effectively.
Wh Selfinvest's cost structure includes spreads that start from 0.4 pips for forex trading, which is competitive within the industry. However, some reviews indicate that the broker's overall trading costs can be higher than those of its competitors, particularly when considering commissions on certain account types.
The maximum leverage offered by Wh Selfinvest is 1:50, which is lower than some other brokers that provide higher leverage ratios. This limitation is designed to reduce risk for traders, especially for those who are less experienced.
Wh Selfinvest provides access to the widely used MetaTrader 4 platform, alongside its proprietary Nano Trader platform. The Nano Trader is particularly noted for its advanced features and user-friendly interface, making it suitable for both beginners and seasoned traders.
Wh Selfinvest does not accept clients from the United States, Australia, or Japan, which may limit its appeal to traders in those regions. This restriction is primarily due to regulatory considerations and the broker's operational framework.
The broker offers customer support in multiple languages, including English, German, French, and Dutch. This multilingual support is beneficial for its diverse client base across Europe.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 7 |
| Trading Setup (Experience) | 6 |
| Trust Level | 8 |
| User Experience | 7 |
| Overall | 7 |
Wh Selfinvest offers various account types, including spread-based and commission-based accounts. However, the minimum deposit requirement of €500 is seen as a barrier for many potential traders, particularly beginners.
The broker provides a good range of educational resources, including webinars and market analysis, but some users feel that more tools could enhance their trading experience. The proprietary Nano Trader platform is praised for its advanced features, yet it comes with associated costs.
Customer service has received generally positive feedback, with users noting the availability of support via email and live chat. However, the absence of 24/7 support is a drawback for traders who may require assistance outside of standard business hours.
While the trading experience is generally smooth, some users have reported issues with order execution times during high volatility periods. The lack of a dedicated mobile trading app also limits flexibility for some traders.
With strong regulatory oversight from multiple European authorities, Wh Selfinvest is considered a trustworthy broker. However, concerns about high minimum deposits and limited payment options may affect its overall reputation.
Overall, user reviews present a mixed picture, with many appreciating the broker's regulatory framework and asset offerings, while others express dissatisfaction with costs and account requirements.
In conclusion, the Wh Selfinvest review indicates that while the broker has a solid foundation and regulatory backing, potential clients should carefully consider the minimum deposit requirements and the associated costs before proceeding.
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