WH SelfInvest পর্যালোচনা

On-line since: 1998
Country of origin: Luxembourg
Regulation: Luxembourg Ministry of Finance
Payment options: bank cards, bank transfer, checks
Minimum account size: EUR 2,500
Minimum lot size: 0.01 lot
Leverage: 1:200
Spreads: floating and fixed

About company:

WH SelfInvest was founded in 1998. The company’s clients can trade various instruments: currencies, CFDs, futures, and securities.

Security

The broker is owned by WH SELFINVEST SA, which is licensed by the Luxembourg Ministry of Finance. The broker has representative offices in Belgium, the Netherlands, France, Germany and Switzerland, which are also under control of local regulators.

Client funds are separated from the company's funds and accounted for on an individual basis. More importantly, in case of company’s bankruptcy, clients are protected by the Luxembourg Investor Compensation Scheme (SIIL). It guarantees a return of up to EUR 20,000 to every client.

Trading conditions

Minimum deposit

Traders can open a live account with WH SelfInvest with a €2,500 deposit. An average minimum deposit in the industry is $200. Some even allow trading with $1. Such high initial deposit is probably due to the fact that the broker provides access to numerous futures exchanges in addition to the standard trading currencies and CFDs.

Spreads and commissions

WH SelfInvest offers both fixed and floating spreads. Despite the fact that most brokers do not charge a commission on accounts with fixed spreads, WH SelfInvest does the opposite. The broker offers accounts with fixed spread of 1.0 pip for EUR/USD and charges a commission of EUR 3.5 per lot on each side. On the other hand, the floating spreads start from 0.9 pip, when other brokers offer about 1.7 pips for EUR/USD.

Leverage

The highest leverage offered by WH SelfInvest is only 1:50, which is considered low. In fact, this is the maximum level allowed in the US. The British Financial Conduct Authority has recently proposed to increase the leverage to 1:50. Many brokers offer a higher leverage of 1:1,000.

Trading platforms

WH SelfInvest supports the standard MetaTrader 4 platform (MT4) and also offers its own NanoTrader.

NanoTrader is an award-winning platform for trading futures, currencies and CFDs. It is can be downloaded to PCs and mobile devices. In addition, there are two versions of the platform: NanoTrader Full (costs €29 a month) and NanoTrader Free, which is limited in functionality.

The platform offers the following set of tools for trading: an expanded graphic package, weekly articles on trading, weekly trading ideas, automated technical analysis based on statistics, indicators, strategies, etc. Moreover, NanoTrader enables manual and (semi) automated trading as well as more than 45 free trading strategies integrated into the platform.

WH SelfInvest also uses the popular MT4, a world-famous trading platform that offers a full range of tools and services for trading: a number of built-in technical indicators, an expanded set of charts, and a wide range of expert advisors. Traders can download ready-made expert advisors or create their own ones as well as set the software to perform all the work. PC and mobile versions are available. Keep in mind that trading futures on the MT4 platform is not available.

You can also use VPS hosting for EUR 60 per month.

Payment methods

WH SelfInvest offers the following ways of depositing and withdrawal of funds: bank transfer, bank cards, checks.

Traders can withdraw their funds for free only once a month. After the first withdrawal (of any kind), depending on the base currency of your account, the following fee is charged for any subsequent withdrawal: EUR 8, USD 10 or CHF 11.

As a part of fight against money laundering, WH only accepts incoming transfers through Banque Internationale a Luxembourg SA or ING Luxembourg SA. Moreover, the transfer is only valid when beneficiary's name and/or WH account number are specified in instructions.

Advantages:

• regulated broker;
• variety of trading instruments, access to many futures exchanges;
• several trading platforms, including MT4.

Disadvantages:

• low leverage;
• high initial deposit;
• commission on fixed spreads.