WH SelfInvest

WH SelfInvest is a Germany-based online brokerage founded on 25 July 2019. The company operates through the website whselfinvest.de and offers a wide range of trading services including futures, CFDs, forex, equities, options, cryptocurrencies, ETFs, and mutual funds. Despite its German registration, the broker's regulatory status is ambiguous: while its General Terms and Conditions reference a Luxembourg-based entity (WH SelfInvest S.A.) and claim licences from the CSSF, these claims could not be independently confirmed by FXCanary's records. The broker maintains a presence on social media platforms like Facebook and YouTube.

According to the broker's own legal documentation, it is licensed as a Broker (licence no. 42798), Commissionaire (licence no. 36399), and Portfolio manager (licence no. 1806) under the supervision of the Luxembourg financial regulator CSSF. However, FXCanary's known facts database lists no regulators on file for this broker. This discrepancy raises concerns: the German-registered company may be operating without the necessary local authorisation, or the Luxembourg entity may not be clearly linked to the German website. Traders are advised to verify the regulatory standing directly with the CSSF before engaging.

WH SelfInvest provides clients with the proprietary NanoTrader platform (available in Free and Full versions), a WebTrader for PC and tablets, and mobile apps. The broker also supports integration with third-party platforms such as TradingView, ATAS, Volfix, and Sierra Charts. The platforms are designed to cater to both beginner and advanced traders, offering features like real-time quotes, charting tools, and automated trading strategies. The broker claims to offer '100 free strategies' and the ability to copy professional traders, though the exact nature of these strategies is not detailed.

Multiple account types are offered: a Multi-Market Account for stocks, ETFs, options, and other cash instruments; a Futures and Options account; and CFD-Forex accounts. The broker states that account opening is free, quick, and easy, with no minimum monthly balance or basic fees for certain accounts. No specific minimum deposit figures are provided on the website, which may be a drawback for transparency. The broker also mentions 'discount packs' for futures trading, but the criteria for these discounts are unclear.

The broker claims access to over 150 markets in more than 30 countries, offering a vast array of instruments including futures (index, metal, bond, crypto), CFDs on forex, indices, commodities, and more, plus equities, ETFs, and options. It also supports trading in cryptocurrencies such as Bitcoin, Ethereum, Solana, and XRP, both in futures and CFD forms. The website emphasizes low commissions and transparent pricing, but specific spread and commission figures are not presented upfront, requiring users to contact the broker or view detailed 'market information sheets'.

WH SelfInvest appears to target active retail traders and investors who seek a multi-asset platform with competitive pricing. The promotion of futures trading suggests a focus on experienced traders, while the availability of copy trading and free strategies may appeal to beginners. The broker highlights its 'legendary service' and 'unique additional services', aiming to differentiate itself from other European discount brokers. However, the lack of clear regulatory oversight and limited independent user reviews may deter risk-averse traders.

The website prominently displays the standard risk warning for CFDs: '76% of retail investor accounts lose money when trading CFDs with this provider.' The broker also acknowledges that leveraged trading carries a high risk of rapid loss. Additionally, the inconsistency between the claimed Luxembourg regulation and the German registration without a local licence introduces regulatory risk. Traders should be cautious and conduct their own due diligence, especially given the absence of verified client reviews or independent audits.