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About the company:
WH Selfinvest is a forex broker founded in Luxembourg. The company is licensed by the Ministry of Finance of Luxembourg. It has offices in six European countries: Germany, Belgium, the Netherlands, France, and Switzerland. The broker`s official website does not contain information about the company’s management, foundation date, and goals. Overall, the website looks rather poorly structured and uninformative.
Trading conditions
Traders can open a live account with WH SelfInvest with a €2,500 deposit that is a rather high among brokers. Probably this is due to the fact that this broker offers access to numerous futures exchanges in addition to the standard forex and CFD trading. Potential clients can open a trading account through online registration, or by visiting the company`s office and by downloading the trading platform. Demo accounts are also available. If traders want to be classified as professional clients, they should use a professional client registration form. WH SelfInvest provides fixed and variable spreads. It charges a commission for fixed spreads, while variable ones start at 0.9 pips.
Trading platforms
WH SelfInvest supports the industry’s standard MetaTrader 4 platform. The company offers its own trading terminal NanoTrader as an alternative. Both MetaTrader 4 and NanoTrader are available in the mobile version.
Support service
In case of any problems, you can contact the WH Selfinvest support service via online chat, phone call, or email. The website also has a "Support Link" that takes the user to a separate page. There you can enter your question in the search engine and get an answer. However, there is no information about the support service`s work hours on the website.
Deposits and withdrawals
WH SelfInvest offers several ways to top up a trading account and withdraw funds: wire transfer, credit or debit cards, and checks. Note that only one free withdrawal request per calendar month is allowed. After the first free withdrawal, the broker will charge a fee, depending on the base currency of your account.
Feedback
The reviews left by traders are quite controversial: the broker is either highly praised or criticized. For instance, traders complain about problems with funds withdrawal, unfairly high quotes, and failures in the trading platforms.
Advantages and disadvantages of broker
Pros:
- regulated broker;
- wide range of trading instruments;
- access to numerous futures exchanges;
- demo account available.
Cons:
- high initial deposit;
- commission charged for fixed spreads;
- limited number of ways to withdraw funds;
- lack of detailed information about the support service;
- poorly developed website;
- no bonus programs.
Conclusion
WH SelfInvest offers reasonable and flexible trading conditions in the forex market, a wide array of trading instruments, and convenient platforms. The only drawback pointed out by traders is a high initial deposit, as well as a limited number of ways to withdraw funds. Overall, the company has a solid reputation among forex brokers. On the network, there are as many negative reviews about the company as positive ones. Please note that before opening a trading account with a particular broker, scrutinize several sources about the company`s work, its official website, and use your own experience and intuition.
