Overview of WH SELFINVEST
WH SELFINVEST, operating as WH Selfinvest S.A. Zweigniederlassung Frankfurt am Main, is a Germany-based company that offers futures trading, CFD-forex trading, stock trading, and other investment options. It is important to exercise caution when dealing with this institution, as it is suspected to be a clone and lacks valid regulation and a trading software.
Traders can access a wide range of market instruments through WH SELFINVEST. They offer futures trading services, with access to various futures markets and real-time tick-by-tick quotes. The platform also provides CFD-forex trading, allowing traders to engage in trading with low spreads. Furthermore, WH SELFINVEST enables investment in equities, options, cryptocurrencies, ETFs, and mutual funds.
WH SELFINVEST offers different account types for futures trading, CFD-forex trading, and stocks & options. The platform provides a user-friendly trading environment with a range of trading tools and resources. Traders can access the NanoTrader platform, which is known for its ease of use and supports various trading styles. The company also offers mobile trading platforms and other popular platforms like MT4 and NinjaTrader.
Pros and Cons
WH SELFINVEST offers a range of pros and cons to consider. On the positive side, they provide a wide range of market instruments, including access to major futures exchanges, zero commission fees for equities, and a diverse selection of ETFs and mutual funds. Their user-friendly trading platforms, along with the option of a free demo account for practice trading, are also beneficial. Additionally, WH SELFINVEST offers educational resources for traders. However, it's important to note the potential drawbacks, such as being a suspicious clone with no valid regulation, fees for real-time market data, a minimum deposit requirement for opening an account, charges for deposit and withdrawal, limited customer support hours, and a lack of information on leverage.
Is WH SELFINVEST Legit？
WH Selfinvest S.A. Zweigniederlassung Frankfurt am Main is a suspicious clone and has no valid regulation. The claimed GermanyBaFin regulation with license number 122635 is suspected to be a clone. Additionally, the broker does not have a trading software. Therefore, it is important to be cautious and aware of the associated risks when dealing with this institution.
Market Instruments
Futures Trading: WH Selfinvest offers futures trading services, positioning themselves as one of the prominent futures brokers in Europe. Traders can take advantage of comprehensive discount packs and receive real-time tick-by-tick quotes.
CFD-Forex Trading: The platform provides access to a vast product range for CFD-Forex trading. Traders can engage in trading CFDs at market prices and benefit from their low spreads.
Equities and Options: WH Selfinvest allows traders to invest in equities and options with zero commission fees. Orders are executed at the prevailing market prices. The platform offers stocks from renowned exchanges such as NASDAQ BÖRSE, London Stock Exchange, HKEX, EURONEXT, and NYSE.
Cryptocurrencies: WH Selfinvest supports various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), EOS, Stellar (XLM), Augur (REP), and Cardano (ADA).
Exchange-Traded Funds (ETFs): Traders can access a diverse selection of ETFs from reputable providers such as iShares, Vanguard, Deutsche Bank, State Street, db X-trackers, SPDR Advisors, ProShares, and WisdomTree.
Mutual Funds: WH Selfinvest offers a wide range of mutual funds from well-known providers such as Fidelity, Aberdeen, BlackRock, Allianz, PICTET, HSBC, and 1805.
Futures Exchanges: The platform provides access to major futures exchanges, including EUREX, CME Group, EURONEXT, Cboe, NYSE Liffe, and ICE.
Pros and Cons
Account Types
1. FUTURES TRADING:
WH Selfinvest offers futures trading, allowing clients to trade futures and options on futures. Opening an account is free, and there is no minimum monthly commission. Key elements of their futures trading offer include access to various futures markets, all-inclusive packs with discounts and tick-by-tick quotes, free tools, trading strategies, and risk management resources. Clients can also benefit from learning opportunities through free webinars and seminars, as well as the option to copy the trades of successful traders using their tools and strategies.
2. CFD-FOREX TRADING:
WH Selfinvest is a broker for CFD-Forex trading, providing a range of features for private clients in Europe. They offer a diverse product range, including fixed spreads starting at 0.3 points on major market indices, stock CFDs at real market prices, free real-time quotes, and award-winning trading platforms for PC, web, and smartphones. Clients can access over 100 free trading strategies and trading signals, and there is no monthly minimum commission. Additionally, WH Selfinvest provides a free, permanent demo account and unlimited access to training webinars and seminars.
3. STOCKS & OPTIONS:
WH Selfinvest offers stock trading, allowing clients to trade stocks, funds, ETFs, and currencies. They provide access to multiple stock markets worldwide, including the USA, Canada, Europe, Nordic countries, and Asia-Pacific. Clients can benefit from free real-time quotes, low commissions, and no custody fees. The trading platform is user-friendly and offers access to over 100,000 instruments. Additionally, WH Selfinvest provides various value-added services free of charge, including stock selectors, analyst reports, professional webinars and seminars, stock portfolio updates, and trading signals.
WH Selfinvest also offers a demo account, allowing clients to practice trading without risking real money. The demo account provides a simulated trading environment for users to practice trading strategies and explore the platform's features without using real money.
Pros and Cons
How to Open an Account？
To open an account with WH Selfinvest, follow these steps:
Visit the WH Selfinvest website and click on the “Open an Account” or “Free Trading Demo” option.
Choose the online account opening option. This is the fastest way to open an account and usually takes less than 10 minutes.
If you prefer assistance during the application process, you can request a support manager to guide you by clicking on the “Request a call back” option.
Click on the “Opening” button to begin the account opening process.
Alternatively, you have two other ways to open an account. You can make an appointment to visit their office in person, or you can download the account application documents from their website, fill them out, and either upload them or send them by mail.
On the online account opening page, you will be prompted to select the type of account you want to open (single, joint, or company account).
Enter your first name(s), last name, and email address in the provided fields.
Before proceeding, make sure you have the following documents ready: a. An ID document (such as a passport or driver's license) for identification purposes. b. A proof of address document (such as a utility bill or bank statement) to verify your residential address. c. Your tax identification number.
Click on the “Start” button to proceed with the account opening process.
Margin
Based on the information provided above, the margin requirements for various symbols offered by WH Selfinvest range from as low as €40 for E-micro AUD/USD (M6A) to as high as €16800 for E-mini NASDAQ (NQ) in the overnight margin category. The margin amounts represent the minimum funds required to open a position and vary depending on the specific symbol and trading instrument. It's important to note that these figures are subject to change and it's recommended to refer to the WH Selfinvest website or contact their support for the most accurate and up-to-date margin requirements for each symbol.
Spreads & Commissions
WH Selfinvest charges no commissions on their trading instruments. For CFD-Forex trading, they offer spreads starting at 0.3 points on major market indices.
Fees
Here are some examples of the fees for specific symbols: E-mini S&P 500 has a change of 1.35$ and a minimum change of 0.25$, E-micro S&P 500 has a charge 0.37$ and a minimum change of 0.25$, E-mini NASDAQ has a charge of 1.35$ and a minimum change of 0.25$, E-micro NASDAQ has a change of 0.37$ and a minimum change of 0.25$, and so on. Each symbol has its own specific fees and minimum changes. WH Selfinvest also charges fees for real-time market data from various exchanges. Here are the fees for some of the exchanges: Eurex (€20), CME (€35), Euronext (€55), Liffe (€129), ICE US (€139), and ICE Europe (€145).
Minimum Deposit
The minimum deposit required to open a CFD-Forex account with WH Selfinvest is €500 for a mini account and €2,500 for a standard account. For futures accounts, the minimum deposit is €5,000. There is no maximum deposit limit, and the account is allowed to go below the minimum when operational. Opening a futures trading account is free of charge.
Deposit & Withdrawal
WH Selfinvest offers deposit and withdrawal options for its clients. Funding the trading account can be done through a money transfer to a client assets account held at one of the depository banks, with a cost of €5. The account is a real multi-currency account, allowing clients to split their funds across up to nine currencies. Withdrawal instructions must be signed by the account holder(s), and the transfer costs are €5 for amounts below €30,000 and 0.10% (with a maximum of €50) for amounts above €30,000.
Trading Platforms
WH Selfinvest offers the user-friendly NanoTrader platform, available in two versions: NanoTrader Free and NanoTrader Full. The platform is highly regarded for its ease of use, with 68% of clients choosing WHS citing the user-friendliness of the platform as a reason. Examples of the platform's features include automated orders based on technical analysis indicators, the ability to automatically move stop-loss orders, and a variety of resources such as videos, webinars, and coaching to help users become proficient with the platform. NanoTrader can accommodate various trading styles and does not require programming.
WH Selfinvest provides a wide range of markets to trade via the NanoTrader platform. This includes CFDs on major market indices and thematic indices, CFDs on stocks from various countries, CFDs on commodities such as precious metals and oil, forex pairs, and futures and options from main futures markets. The platform also offers a free trading demo and includes practical functionalities, popular trading tools, and risk management options.
In addition to the desktop NanoTrader platform, WH Selfinvest offers mobile trading platforms for tablets and mobile phones. Clients can also access the TradingView web platform and choose other platforms like MT4 for CFD-forex trading or platforms like ATAS, Volfix, Sierra Charts, NinjaTrader, and Trade Navigator for futures trading. The same username and password can be used to switch between platforms.
WH Selfinvest also claims to offer trading platforms such as MT4 (MetaTrader 4) and NinjaTrader to their clients. These platforms are popular among traders and provide advanced features for analyzing markets, executing trades, and managing portfolios. With MT4 and NinjaTrader, WH Selfinvest provides their customers with robust and versatile trading solutions to meet their diverse needs. These platforms offer a wide range of technical indicators, charting tools, and automated trading capabilities, empowering traders to make informed decisions and execute trades.
Trading Tools
CHART TYPES: WH Selfinvest offers a wide variety of chart types in their NanoTrader platform. Traders can choose from bar charts, line charts, range bars, tick charts, twin charts, candlestick charts, Heikin Ashi charts, Renko charts, three line break charts, and logarithmic charts. Each chart type has its own advantages and can be used for different trading and technical analysis purposes.
DRAWING TOOLS: NanoTrader provides numerous drawing tools to enhance analysis and trading strategies. Traders can utilize tools like ABCD, tick measurer, support and resistance lines, zigzag traders for Cene and Voigt methods, notes and arrows, Andrews pitchfork, Fibonacci tools for levels and extensions, trendlines, trend channels, circles and rectangles, and more. These tools allow traders to visualize and interpret market trends and potential entry and exit points.
CLIENT PROPOSALS: WH Selfinvest incorporates trading tools and indicators proposed by clients into their NanoTrader platform. Clients can submit proposals for new tools or indicators, and if deemed reasonable, they are added to the platform for all clients to use for free. Some examples of client-proposed tools include a better moving average, trend trading tools, DeMark indicators, round number analysis, 2-in-1 candles, various moving average indicators, and more.
CHART PATTERNS: The NanoTrader platform includes a wide range of chart patterns and candlestick patterns that traders can utilize in their analysis. Traders can detect and utilize 18 different candlestick patterns as trading signals. Examples of chart patterns available in the platform include Red-White-Red, 1-2-3-4, Hammer Blast, Hikkake, One Day Reversal, Gap Reversal, Market Structure Points, Inside bar break-out, Bullish Engulfing, Bearish Engulfing, and many more. These patterns assist traders in identifying potential market turning points and breakout opportunities.
THE TRADING STORE: WH Selfinvest offers a unique feature called the Trading Store, where traders can access and select tools and strategies from famous traders. The store provides a wide range of tools and strategies that traders can copy and incorporate into their own trading approach. Examples of tools and strategies available in the Trading Store include SuperTrend channel, Fibonacci moving average, TRI indicator, Coppock indicator, Advanced ADX indicator, FX Pair Finder, Hi-Lo price levels, and more. Traders can explore the store and choose the tools that align with their trading style and preferences.
Educational Resources
NEWS: WH Selfinvest provides news updates to keep traders informed. They introduce new features like jumbo candles, which display two time frames in one chart and automatically show key price levels, offering traders important resistance and support levels.
WEBINARS AND SEMINARS: WH Selfinvest offers a variety of webinars and seminars covering different topics and languages. These educational activities cater to all products and types of traders. Examples include “La Matinale des Traders” with Bernard Prats-Desclaux, a daily show providing real-time trading opportunities, and sessions with experts like Eric Norland and Bass, who share insights on macroeconomics and trading using market profile tools, respectively.
E-BOOKS: WH Selfinvest also provides a trading library that includes free books, e-books, reports, and guides. They provide a variety of resources in Dutch, French, German, and other languages. The trading library covers topics such as scalping the Mini-DAX future, risk and money management, futures trading, trader profiles, trading mistakes, and different trading methods. These materials provide valuable insights and tools to help traders enhance their trading and precision. The e-books and books can be downloaded from their website, offering educational resources for traders of various skill levels.
Customer Support
WH Selfinvest provides customer support through various channels. You can contact them via phone at +352 42 80 42 80 or email at info@whselfinvest.com. They also offer a free trading newsletter. Additionally, they have offices in different locations, including Frankfurt, Paris, Luxembourg, Belgium, the Netherlands, and Switzerland, with specific contact numbers and email addresses for each office. Their support hours are Monday to Friday from 8:00 to 22:00, and visits to their offices are by appointment only.
Conclusion
WH SELFINVEST has certain advantages and disadvantages. On the positive side, the company offers a wide range of market instruments, including futures trading, CFD-forex trading, equities and options, cryptocurrencies, ETFs, and mutual funds. They provide access to major futures exchanges and offer a user-friendly trading platform, NanoTrader, which supports various chart types, drawing tools, and client-proposed indicators. Additionally, WH SELFINVEST offers educational resources such as news updates, webinars, seminars, and e-books to help traders improve their skills. However, it is important to note that there are concerns regarding the legitimacy of WH SELFINVEST's GermanyBaFin regulation, and the broker lacks a trading software. Traders should exercise caution and be aware of the associated risks when dealing with this institution.
FAQs
Q: Is WH SELFINVEST a legitimate company？
A: WH SELFINVEST S.A. Zweigniederlassung Frankfurt am Main is a clone company with no valid regulation and no trading software. Caution is advised when dealing with them.
Q: What market instruments does WH SELFINVEST offer？
A: WH SELFINVEST offers futures trading, CFD-Forex trading, equities and options trading, cryptocurrencies, ETFs, and mutual funds.
Q: What are the account types offered by WH SELFINVEST？
A: WH SELFINVEST offers futures trading accounts, CFD-Forex trading accounts, and stocks & options trading accounts.
Q: What are the margin requirements at WH SELFINVEST？
A: Margin requirements vary depending on the trading instrument, ranging from €40 to €16800. Refer to the WH SELFINVEST website or contact support for accurate and up-to-date information.
Q: What are the spreads and commissions at WH SELFINVEST？
A: WH SELFINVEST charges no commissions on their trading instruments, and the spreads for CFD-Forex trading start at 0.3 points on major market indices.
Q: What are the fees associated with WH SELFINVEST？
A: WH SELFINVEST charges fees specific to each symbol and minimum changes. They also charge fees for real-time market data from exchanges.
Q: What is the minimum deposit required to open an account with WH SELFINVEST？
A: The minimum deposit is €500 for a CFD-Forex mini account, €2,500 for a standard account, and €5,000 for futures accounts.
Q: What are the available trading platforms at WH SELFINVEST？
A: WH SELFINVEST offers the user-friendly NanoTrader platform, as well as mobile trading platforms and other options like MT4 and NinjaTrader.
Q: What trading tools are available at WH SELFINVEST？
A: WH SELFINVEST provides various chart types, drawing tools, client-proposed tools, chart patterns, and a trading store where traders can access tools and strategies from famous traders.
Q: What educational resources does WH SELFINVEST provide？
A: WH SELFINVEST offers news updates, webinars, seminars, e-books, and a trading library with educational resources in multiple languages.
Q: How can I contact customer support at WH SELFINVEST？
A: You can contact WH SELFINVEST's customer support via phone, email, or by visiting their offices. They have specific contact information for each office location.
Q: Are there any reviews available for WH SELFINVEST？
A: No specific reviews were mentioned in the provided information.
