CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
WH SelfInvest is a direct market access broker who is based in Luxemburg but with a fast-growing network of offices across continental Europe. With an active presence across Europe, WH Selfinvest currently caters to clients in a total of 28 countries which makes it one of the largest forex brokerages in the region. Additionally, with a history stretching back to 1998, they are also one of the longest established forex brokers operating today. And with a spread of 69 different currency pairs, as well as a smattering of equities, options, CFDs, WH SelfInvest presents themselves as an attractive brokerage to trade with.
WH Selfinvest Fees
As is very much industry standard these days, WH SelfInvest offers two unique account types which will dictate what sort of fees and commissions you incur. The first account type is a spread-based trading account that charges a variable spread per trade without any commission. Spreads with this account will tend to average around the 2-pip mark on major currency pairs, which is not the most competitive rate around. The second account type works on a commission basis which sees users paying a set commission per trade but which very competitive spreads.
Trading on the WH SelfInvest platform is delivered through a proprietary platform developed in-house called ‘WHS Nano Trader’. This bespoke trading terminal is available in a free and premium version which will set you back €29 per month. Both versions are incredibly user-friendly and offer some of the most advanced charting and technical analysis tools out there. However, a recurrent fee each month seems rather steep, particularly when you might already be paying commissions on trades depending on your account type.
With a customer base spread across so many geographical and linguistic territories, customer service can sometimes be challenging to get right for bigger brokerages. However, when it comes to WH SelfInvest; this is not the case. Despite having a presence in several different jurisdictions, customer support is localised entirely, which is a big plus for non-English speaking users. Customer support agents can be contacted through the website via email, phone, or by live chat. Based on our research, user reviews generally seem positive; however, as with many other platforms, individual users have reported occasionally slow response times, which is not unusual for this industry.
Address: WH Selfinvest SA, 5, rue Thomas Edison, 2nd floor 1445 Strassen, Luxembourg
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