WH Selfinvest

WH Selfinvest is a multi-asset broker registered in Germany, founded in 1999. The company describes itself as a provider of futures, CFDs, forex, stocks, and options trading. Its official website positions it as a major European broker with a focus on low rates and customer service.

The broker operates under the corporate name WH SelfInvest S.A., which it claims is regulated by the Luxembourg financial authority CSSF. However, our internal records indicate no confirmed regulatory licenses; the company is on file with a registration in Germany but without any recognized financial regulator. This discrepancy raises caution for potential clients.

On its website, WH Selfinvest claims to be licensed as a broker (licence no. 42798), commissionaire (no. 36399), and portfolio manager (no. 1806) in Luxembourg, regulated by the Commission de Surveillance du Secteur Financier (CSSF). It also references a registration number B 65981.

Our records list the broker as German-registered without any verified regulator. Industry databases note that the reported licences may be 'suspicious clone licenses', indicating potential misrepresentation. Traders should exercise extreme caution and verify any regulatory claims independently.

The broker offers at least two main account types: a CFD-Forex account and a Multi-Market account. The CFD-Forex account is tailored for leveraged trading on currencies, indices, and commodities via CFDs. The Multi-Market account provides access to a broader range of instruments including stocks, ETFs, options, and futures.

Both accounts appear to offer access to the same trading platforms. The minimum deposit is €5,000 for the CFD-Forex account, which is relatively high compared to many retail brokers. There is no mention of Islamic or swap-free accounts.

WH Selfinvest provides its proprietary NanoTrader platform in two versions: Free and Full. The Free version is described as a quick start, while Full offers more features. Additionally, the broker supports TradingView for web-based charting and trading, along with mobile apps for Android and iOS.

The platforms are said to be suitable for both beginners and advanced traders, with features like copy trading and tick-by-tick quotes. A free demo is available for practice.

The broker claims access to over 150 markets across more than 30 countries, with over 1.2 million tradable instruments. These include futures on major indices, commodities, and currencies; CFDs on indices, forex, and commodities; stocks and ETFs on global exchanges; and options and warrants.

It emphasizes that for CFDs, it is not a market maker, which it asserts eliminates conflict of interest. However, the standard risk warning applies: 76% of retail CFD accounts lose money with this provider.

The minimum deposit for the CFD-Forex account is €5,000 (or equivalent in GBP, USD, CHF). The Multi-Market account may have different requirements. The broker states there are no basic fees or minimum monthly balance. Costs are disclosed in a standardized ex-ante document, with examples for CFD trading.

Withdrawal and deposit methods are not explicitly detailed on the site, but given the European base, bank transfers are likely primary. Traders should inquire about payment options before committing funds.

WH Selfinvest appears to target both retail and professional traders, with a product range suited for active traders and investors. The high minimum deposit and leverage offerings make it more appropriate for those with substantial capital and experience.

Given the regulatory uncertainty and the 'guarded' risk score of 37/100 from our assessment, this broker is not recommended for risk-averse traders. Beginners should especially be cautious about the lack of verified regulatory protection.