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WH Selfinvest

Germany|5-10 years|
Suspicious Overrun|High potential risk|

https://www.whselfinvest.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Germany 4.51

Surpassed 19.69% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+352 42 80 42 80
info@whselfinvest.com
https://www.whselfinvest.com/
Niedenau 36 60325 Frankfurt am Main

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 5
Previous Detection : 2024-07-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The GermanyBaFin regulation (license number: 122635) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The FranceAMF regulation (license number: 18943) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The SwitzerlandFINMA regulation (license number: Unreleased) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

WH Selfinvest · WikiFX Survey

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WH Selfinvest · Company Summary

WH Selfinvest Review Summary
Company Name WH Selfinvest
Founded 1998
Registered Country/Region Germany
Regulation FINMA/BaFin/AMF (Suspicious clone)
Market Instruments Futures, Forex, Stocks and options
Demo Account Available
Spread equal to underlying
Commission Low Commission Charged for stocks and option trading
Trading Platforms NanoTrader
Minimun Deposit €5,000 for Future trading
Customer Support 24/5 - Tel: +49 69 271 39 78-0; Email: info@whselfinvest.de; Live Chat; Social media: Twitter, Facebook, Youtube
Company Address Niedenau 36 60325 Frankfurt am Main, Vitrum building, 2nd floor Rue du Puits Romain 33 8070 Luxembourg-Bertrange, 13-15, rue Taitbout 75009 Paris, WH SelfInvest, representatiekantoor België Maaltecenter Blok G Rue Derby 349 9051 Gent - Gand (B), Tauro Gebouw Teleportboulevard 110 1043 EJ Amsterdam, Badenerstrasse 549 8048 Zürich

What is WH Selfinvest?

WH Selfinvest is a brokerage firm that provides trading services to clients interested in various financial markets, including futures, Forex (foreign exchange), stocks and options. The company offers trading platforms, tools, and access to global markets, catering to both retail and professional traders. Established in 1998, WH Selfinvest has offices in multiple countries and is known for its range of trading products, educational resources, and customer support.

WH Selfinvests homepage

Pros & Cons

Pros Cons
  • Multiple Market Instruments
  • No Regulation
  • Multiple Customer Support Channels
  • Commission Charged
  • Demo Accounts Available

Pros

  • Multiple Market Instruments: WH Selfinvest provides a wide range of instruments, such as Futures, Forex, Stocks and options

  • Multiple Customer Support Channels: WH Selfinvest provides several channels for customer support including live chat, telephone, email, and social media. This makes it easier for clients to reach out with their queries or concerns.

  • Demo Accounts Available: WH Selfinvest offers demo accounts, allowing users to practice trading without risking real money. This can be beneficial for beginners or those who want to test the platform.

Cons

  • No Regulation: WH Selfinvest is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.

  • Commission Charged: Unlike some brokers that offer commission-free trading, WH Selfinvest charges a commission for stocks and option trading, which renders its services less competitive in comparison.

Is WH Selfinvest Legit or a Scam?

  • Regulatory Sight: WH Selfinvest, despite holding three licenses which are suspected to be clones from Swiss Financial Market Supervisory Authority (FINMA), Federal Financial Supervisory Authority (BaFin, No. 122635), and the Autorité des Marchés Financiers (AMF, No. 18943), it's important to conduct thorough research and approach with caution. The presence of potential clone licenses cast a shadow on the legitimacy of the firm.

Suspicious clone FINMA license
Suspicious clone BaFin license
Suspicious clone AMF license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Account Types

WH Selfinvest mainly offers two types of accounts to cater to the needs of its clients: demo accounts and real accounts.

The demo accounts are designed to provide users with a risk-free environment to practice and familiarize themselves with the trading platform and various financial instruments.

On the other hand, real accounts are intended for actual trading in the financial markets with real funds.

Additionally, WH Selfinvest offers two different accounts for stocks and option trading, Multi-asset account and Freestoxx account. These two types of accounts vary in many aspects.

  • Multi-asset account: Access many markets and many instruments worldwide

  1. Investors interested in worldwide access

  2. The lowest commissions possible.

  3. Significant interest on cash.

  • Multi-asset account: Zero commission broker service for US stocks and options.

  1. Investors and traders on the US markets.

  2. Zero commission on all orders.

  3. No monthly inactivity fee.

Multi-asset account Multi-asset account
Instruments Stocks, Options, ETFs, Bonds, Forex and more Stocks, Options
Markets USA, DE, FR, NL, BE and 27 more USA
Commissions Extremely low No commission
Services Articles, Stock alarms, Webinars and seminars, High interest on cash above 10.000 € Articles, Stock alarms, Webinars and seminars, Automated stock portfolio & saving
Real-time quotes Paying Free after one order
Account comparison

How to Open an Account?

  • Demo account

Go to WH Selfinvest's official website and click on “Demo Account”. Fill in your personal information such as your name, email and phone number, then choose your country. After verifying, your demo account is set.

fill in required info
  • Trading account

Go to WH Selfinvest's official website and click on “Open an Account”. Then you need to select your account.

  1. Instruments: Futures, CFD and Forex, Stocks and more.

  2. Account types: Single, joint or company.

  3. Office: Germany, France, Luxembourg.

Then fill in your personal information. Once your account is verified, you can start utilizing the services offered by WH Selfinvest.

fill in required info

Spread

WH Selfinvest provides a spread equal to underlying for CFD and Forex trading to the following country: Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, USA.

Spread

Trading Platform

WH Selfinvest provides the NanoTrader platform for trading, available in two versions: NanoTrader Free and NanoTrader Full. This platform utilizes three indicators - MACD, crossing MA, and RSI - to generate Buy or Sell orders, which are triggered when all three indicators align either bearishly or bullishly. Orders can be executed automatically or after approval from the trader.

NanoTrader

Education Resources

WH Selfinvest offers articles, activities and free courses for clients as part of its effort to engage and educate traders. These activities and courses provide clients with opportunities to expand their knowledge and skills in trading, covering topics such as technical analysis, risk management, and trading strategies.

Articles & free courses

Customer Support

WH Selfinvest offers comprehensive customer support to its clients. This includes being available 24 hours a day, 5 days a week. Clients can reach out to WH Selfinvest through various channels.

  • Telephone: Clients can call their number +49 69 271 39 78-0 for any queries.

  • Email: The firm offers assistance through email atinfo@whselfinvest.com

  • Live Chat: Live chat is available for clients who prefer a quick and instant response.

  • Social Media: WH Selfinvest also maintains a strong presence on Facebook, YouTube, Twitter, providing clients with a more informal method of communication or for staying updated with the firm's latest news.

The company also provides its physical address, Niedenau 36 60325 Frankfurt am Main, Vitrum building, 2nd floor Rue du Puits Romain 33 8070 Luxembourg-Bertrange, 13-15, rue Taitbout 75009 Paris, WH SelfInvest, representatiekantoor België Maaltecenter Blok G Rue Derby 349 9051 Gent - Gand (B), Tauro Gebouw Teleportboulevard 110 1043 EJ Amsterdam, Badenerstrasse 549 8048 Zürich

Conclusion

WH Selfinvest is an unregulated broker posing a considerable risk for clients. While the firm offers multiple trading markets and demo accounts, its lack of regulation makes due diligence imperative before investing.

Frequently Asked Questions (FAQs)

Question: What are the market instruments offered by WH Selfinvest?

Answer: WH Selfinvest offers Futures, Forex, Stocks and options.

Question: Is WH Selfinvest a regulated broker?

Answer: No, their three regulatory licenses are all suspicious clones.

Question: What education resources does WH Selfinvest offer?

Answer: Articles, activities and free courses.

Question: Does WH Selfinvest offer demo accounts

Answer: Yes.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Broker Information

Company Name

WH SELFINVEST S.A

Abbreviation

WH Selfinvest

Regulatory Status

Suspicious Clone

Platform registered country and region

Germany

Company address
  • Niedenau 36 60325 Frankfurt am Main

  • Vitrum building, 2nd floor Rue du Puits Romain 33 8070 Luxembourg-Bertrange

  • 13-15, rue Taitbout 75009 Paris

  • WH SelfInvest, representatiekantoor België Maaltecenter Blok G Rue Derby 349 9051 Gent - Gand (B)

  • Tauro Gebouw Teleportboulevard 110 1043 EJ Amsterdam

  • Badenerstrasse 549 8048 Zürich

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@whselfinvest.com

Company Summary

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