WH SelfInvest DetailsWHS NanoTrader PlatformWH SelfInvest AssetsSpreads & FeesLeverageMobile AppsPayment MethodsDemo AccountBonusesRegulationAdditional FeaturesWH SelfInvest AccountsBenefitsDrawbacksTrading HoursContact SupportSecurityWH SelfInvest VerdictAccepted CountriesAlternatives to WH SelfInvestFAQ
WH SelfInvest is a reputable ECN and forex broker, offering its advanced proprietary NanoTrader platform and excellent customer support. This review offers insight into the broker’s assets, mobile app, spreads and leverage. Get all you need to know before you start trading with WH SelfInvest.
WH SelfInvest Details
WH SelfInvest S.A is a Luxembourg-based broker founded in 1998. The company is now one of the largest forex and CFD brokers in Europe with offices in Frankfurt, Paris and Zürich. The broker caters to clients in over 28 countries, offering a range of equities, CFDs and forex options.
WHS NanoTrader Platform
WH SelfInvest offers trading through its proprietary platform – WHS NanoTrader. There is a free and premium version, NanoTrader Free and NanoTrader Full. The premium version is charged at a monthly fee of €29 and targeted at more advanced traders. Both versions offer direct market access but differ in their range of features and functionalities.
WH Selfinvest NanoTrader platform
NanoTrader is regarded as one of the most advanced trading platforms around. It is easy to navigate and offers advanced charting and technical analysis tools.
Features include:
80 free trading strategies and signals
Order placement & management tools
Multiple trailing stops and target orders
10 chart types including TwinCharts
Stock screeners
Volume profile
TradingView
Traders also have access to several other platforms including MT4 (available to download) for forex trading and NinjaTrader and SierraCharts for futures trading. Webtrader platforms and cloud trading are also available. Cloud trading is charged at €35 per day but the fee reduces as the number of trades made increases.
MetaTrader 4 platform
WH SelfInvest Assets
Clients can trade over 5,000 products across three key asset classes; futures, CFDs, and stocks. Trade CFDs on major commodities, bonds and ETFs. Alternatively, trade on up to 69 forex pairs and low-cost stocks covering 120 market centres in 26 countries.
Spreads & Fees
Clients can choose between a Mini account or a Standard account. The Mini option offers a low variable spread while the Standard account uses a simple flat fee commission. Commission for the Standard account is set at $0.035 per $1,000 traded.
Spreads are around the industry norm with major market indices starting at 0.3 points and forex spreads averaging around 2 pips on major currency pairs.
There is no monthly inactivity fee and no additional charges for modifying or cancelling orders. However, the VPS service is charged at €60 per month which on top of the €29 monthly platform fee for NanoTrader Full, does start to add up.
Leverage
The maximum leverage available at WH SelfInvest is 1:50 across CFDs, futures and stocks. Leverage for assets such as precious metals and other commodities is 1:33 and 1:20 respectively. Whilst low leverage reduces risk, more experienced traders may feel restricted. CFD margin requirements are available on the broker’s website.
Mobile Apps
Both the NanoTrader and MetaTrader 4 platforms are available for download on smartphones and tablets. Access your futures, stock and CFD portfolio from anywhere and trade on-the-go. The mobile platforms deliver real-time market data, high-speed order execution and advanced charting.
MT4 mobile
The apps can be downloaded free of charge from the iOS store or Google Play Store and generally receive positive reviews.
Payment Methods
WH SelfInvest only supports payment via bank wire transfer, with no option to deposit from a credit/debit card or via online payment wallets such as AliPay, Neteller or Skrill. Transfer costs are €5 for amounts under €30,000 and 0.10% (maximum €50) for amounts over €30,000. The minimum deposit to open an account is €500.
To make a transfer, clients have to fill out the transfer form located on the broker’s website.
Demo Account
WH SelfInvest offers a free demo account to clients wishing to trial the NanoTrader platform. Enjoy risk-free trading with no restrictions. The demo account is a great way to test new strategies such as the Friday Gold rush and range breakouts, as well as evaluating the broker’s support services, before any investing funds.
Bonuses
WH SelfInvest does not offer any promotional deals or offers to traders. This is fairly standard among European brokers who are restricted from offering no deposit welcome bonuses and other incentives by regulators. Traders can, however, set up a free demo account and tune into a variety of webinars packed full of tips and industry news.
Regulation
WH SelfInvest’s presence in multiple European jurisdictions means that its operations fall under the scrutiny of several regulatory bodies. WH SelfInvest Ltd is regulated in Luxembourg by the CSSF and the Luxembourg Ministry of Finance. In addition, the broker is regulated by the FSMA of Belgium, the AFM of Netherlands, the ACPR of France, the BaFin of Germany and FINMA of Switzerland.
The company has a long-standing reputation for a safe and secure trading environment, providing traders with peace of mind.
Additional Features
WH SelfInvest offers a range of free, additional services to help assist traders including:
APIs
SignalRadar
TradingView
Market news
Support forums
Stock box service
Trading library & store
Webinars & seminar videos
WH SelfInvest Accounts
WH SelfInvest offers two account types: a spread-based account and a commission-based option. The spread-based account charges a variable spread per trade from around 2 pips. Alternatively, the commission-based account sees more competitive spreads, starting from 1 pip, but traders have to pay a set commission of $0.035 per $1000 traded. The minimum deposit, trading tools and customer support are the same across accounts.
Traders can sign up for an account and access the web login portal from the broker’s homepage.
Benefits
Opening an account with WH SelfInvest offers multiple benefits:
All strategies permitted including scalping and hedging
Award-winning proprietary trading platform
No slippage and requotes
Reliable customer service
MT4 platform
Drawbacks
Flaws in WH SelfInvest’s offering include:
VPS charge
Platform fees
No MetaTrader 5 platform
No US, Australian or Belgian clients
No cryptocurrency and Bitcoin trading
Trading Hours
Trading hours vary according to the asset and market traded. Forex contracts can be traded 24 hours from Sunday to Friday evening. The majority of CFDs have the same opening times as those of the underlying instrument. Traders can head to Symbol details on the WH SelfInvest’s website to find out further information.
Contact Support
WH SelfInvest offers a great customer service team which can be reached via:
Phone hotline – +352 42 80 42 80
Email – info@whselfinvest.com
Live chat – ‘chat’ button
Customer support is localised, facilitating multi-language support.
Security
All client funds are held in segregated accounts with reputable banks. The company only accepts transfers signed by the account holder and there are no conversion commissions. As a broker regulated by some of the most reputable regulatory bodies, clients can feel assured their funds are secure.
WH SelfInvest Verdict
With a decent range of assets, competitive spreads and an elite platform, WH SelfInvest promises an excellent trading experience. However whilst the NanoTrader platform is popular, for some the high fees may deter potential traders. In terms of how WH SelfInvest compares vs IGmarkets, Interactive Brokers and CapTrader, the broker has a strong offering but clients should carefully consider what they are looking for and trial services before investing funds.
Accepted Countries
WH SelfInvest accepts traders from Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use WH SelfInvest from United States, Australia, Belgium.
Alternatives to WH SelfInvest
If you are looking for alternatives to WH SelfInvest we have compiled a list of the top 5 brokers that are similar to WH SelfInvest below. This list of brokers like WH SelfInvest is in order of similarity and only includes companies that accept traders from your location.
Swissquote – Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
BlackBull Markets – BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.
TP Global FX – TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
FAQ
Is WH SelfInvest regulated?
Yes, WH SelfInvest is a regulated broker subject to scrutiny from the BaFin, CSSF, FSMA, and AFM. As a result, the broker is a trusted and respected trading provider.
Does WH SelfInvest accept international traders?
Yes, WH SelfInvest accepts clients from over 28 countries. With that said, clients from certain countries, including the US, Australia and Belgium, cannot open a live trading account.
What is the minimum deposit required at WH SelfInvest?
The minimum deposit required to open a live account with WH SelfInvest is €500.
What trading platforms does WH SelfInvest offer?
WH SelfInvests offers a proprietary trading platform, NanoTrader, the popular MT4 and NinjaTrader.
Is WH SelfInvest a reliable broker?
Yes, WH SelfInvest is a reputable broker with a long history of providing a safe and secure trading environment.