WH Selfinvest Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-05-06 15:57

Abstract：WH Selfinvest was registered in Germany in 1999, offering trading on futures, options, forex, and stocks, with spread from 1 pips, and the minimum deposit requirement is € 5.000 or the equivalent in GBP, USD or CHF. It should be noted that it holds three suspicious clone licenses, which means potential risks are relatively high.

WH SelfinvestReview Summary
Founded	1999
Registered Country/Region	Germany
Regulation	FINMA/BaFin/AMF (Suspicious Clone)
Market Instruments	futures, options, forex, stocks
Demo Account	✅
Leverage	/
Spread	From 1 pips
Trading Platform	MT4, NanoTrader, CQG Desktop, TradingView, Stock3, NinjaTrader, Trader Workstation, Atas, Volfix, Sierra Charts, Trade Navigator
Minimum Deposit	€ 5.000 or the equivalent in GBP, USD or CHF
Customer Support	Live chat, Contact form, 24/5 customer support
	LU: +352 42 80 42 80
	DE: +49 (0)69 271 39 78-0
	FR: +33 (0)1 48 01 47 61
	Fax: +352 42 25 75 25
	Email:info@whselfinvest.com
	Facebook, X, YouTube
Regional Restrictions	/

WH Selfinvest Information

　　WH Selfinvest was registered in Germany in 1999, offering trading on futures, options, forex, and stocks, with spread from 1 pips, and the minimum deposit requirement is € 5.000 or the equivalent in GBP, USD or CHF. It should be noted that it holds three suspicious clone licenses, which means potential risks are relatively high.

Pros and Cons

Pros	Cons
Demo accounts offered	Three suspicious clone licenses
Various contact channels	Lack of transparency
Various trading products	Limited types of payment options
Live chat support	No MT5
Long operational history
No inactive fees in the first year
MT4 available

Is WH Selfinvest Legit?

Regulator	Current Status	Regulated Country	License Type	License No.
Swiss Financial Market Supervisory Authority (FINMA)	Suspicious Clone	Switzerland	Financial Service	Unreleased
Federal Financial Supervisory Authority (BaFin)	Suspicious Clone	Germany	Common Financial Service License	122635
The Autorité des Marchés Financiers (AMF)	Suspicious Clone	France	Common Financial Service License	18943

What Can I Trade on WH Selfinvest?

　　WH Selfinvest offers trading on futures, options, forex, stocks.

Tradable Instruments	Supported
Futures	✔
Options	✔
Forex	✔
Stocks	✔
ETFs	❌
Bonds	❌
Cryptos	❌
Commodities	❌

Account Type

　　WH Selfinvest offers demo accounts, but it does not mention anything about live accounts.

Leverage

　　WH Selfinvest has not clearly provided the leverage it offers. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

WH Selfinvest Fees

　　WH Selfinvest Spreads

Products	Spreads
Futures, Options	/
CDFs, Forex	From 1 pips
Stocks	/

　　Inactivity fee

　　WH Selfinvest does not charge an inactivity fee in the first year. After one year, an inactivity fee will only be charged if the client does not execute an order within a quarter. And WH Selfinvest does not have a minimum monthly commission.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
NanoTrader	✔	/	/
CQG Desktop	✔	PC	/
TradingView	✔	PC, web, mobile	/
Stock3	✔	/	/
NinjaTrader	✔	/	/
Trader Workstation	✔	mobile，tablet	/
Atas, Volfix, Sierra Charts, Trade Navigator	✔	/	/
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　WH Selfinvest accepts payments bank wire,such as Postbank, HSBC, BIL, Volksbank. However, it does not provide further information regarding deposits and withdrawals.