WH SelfInvest SA is a Luxembourg-based broker that was established in 1998. With locations in Frankfurt, Paris, and Zurich, the company is now one of Europe’s major forex and CFD brokers. The broker services clients from over 28 countries with a comprehensive choice of stocks, CFDs, and currency options.
Trading is available through the company’s own WHS NanoTrader platform. NanoTrader Free and NanoTrader Full are the free and premium versions, respectively. The premium edition, which costs €29 per month, is intended for more experienced traders. Both versions have direct market access, although their feature sets and features differ.
NanoTrader is one of the most advanced trading platforms available. It’s simple to use and has comprehensive charting and technical analysis features.
- 80 free trading strategies and signals.
- Placement and order management tools
- Multiple trailing stops and target orders
- 10 chart types, including TwinCharts
- Stock Screeners
- Volume Profile
Traders can also use other platforms such as MT4 (which can be downloaded) for Forex trading and NinjaTrader and SierraCharts for futures trading. There are additional web trader platforms and cloud trading options. The daily charge for cloud trading is €35, although it decreases as the number of trades executed grows.
WH SelfInvest Assets
Clients have access to over 5,000 items in three asset classes: futures, CFDs, and stocks. CFDs on key commodities, bonds, and ETFs are available. You can also trade 69 currency pairs and low-cost stocks from 120 shopping centers in 26 countries.
Spreads and fees
A Mini account or a Standard account is available to customers. The Mini account has a modest variable spread, whereas the Standard account has a set cost. A basic account costs $0.035 for every $1,000 in balance.
Major market indices start at 0.3 pips, while forex spreads across major currency pairs average approximately 2 pips, which is by the industry standard.
There are no monthly penalties for inactivity, and there are no extra charges for modifying or canceling orders. However, the VPS service costs €60 per month, which, when combined with the €29 monthly platform charge for NanoTrader Full, quickly adds up.
For CFDs, futures, and stocks, the maximum leverage available is 1:50. Assets like precious metals and other commodities have leverage of 1:33 and 1:20, respectively. While low leverage decreases risk, it may hinder more experienced traders. The broker’s website lists the margin requirements for CFDs.
On smartphones and tablets, the NanoTrader and MetaTrader 4 platforms can be downloaded. You can access and trade your portfolio of futures, stocks, and CFDs from any location. Real-time market data, quick order execution, and advanced charts are all available on mobile platforms.
The company exclusively accepts payments via bank transfer; no credit or debit card deposits or online payment wallets like AliPay, Neteller, or Skrill are accepted. For quantities under EUR 30,000, the transfer cost is EUR 5, and for amounts beyond EUR 30,000, the price is 0.10 percent (maximum EUR 50). A 500 euro deposit is required to open an account.
Clients who want to try out the NanoTrader platform can sign up for a free demo account. Enjoy limitless, risk-free trading. A demo account is an excellent way to try out new techniques like the Friday Gold Rush and range breakouts before investing, as well as evaluate a broker’s assistance.
The company makes no special offers or incentives to traders. It is extremely common for European brokers to be prohibited from offering no deposit welcome bonuses and other incentives by authorities. Traders can, however, sign up for a free sample account and access a variety of seminars with insights and industry news.
Because the company operates in various European nations, its operations are scrutinized by several regulatory organizations. The CSSF and the Luxembourg Ministry of Finance control WH SelfInvest Ltd. in Luxembourg. The broker is also regulated by the FSMA in Belgium, the AFM in the Netherlands, and the ACPR in France.
The organization has a long-standing reputation for providing traders with a safe and secure trading environment.
The company offers a range of free additional services to help traders, including:
- trade view
- Market news
- Support Forums
- Warehouse box service.
- Trade Library and Shop
- Video of webinars and seminars
A spread-based account and a commission-based account are both available from the company. A spread-based account has a variable spread on every trade that starts at about 2 pips and goes up from there. The commission-based account, on the other hand, offers more competitive spreads starting at 1 pip, but traders must pay a fixed cost of $0.035 per $1,000. All accounts have the same minimum deposit, trading tools, and customer service.
From the broker’s homepage, traders can create an account and access the web login portal.