WH SelfInvest
Experiences, reviews and information about the provider
Details
Pros
- Over 25 years of experience in futures and CFD trading
- Its own trading software NanoTrader at no extra cost
- German branch with German-language service
- Access to a very large selection of futures contracts
Cons
- No deposit protection, Luxembourg investor protection only up to €20,000
- Supervision lies with the Luxembourg CSSF, not with BaFin
- Products that are complex for beginners and carry a high risk of loss
- Minimum deposits comparatively high depending on the account model
Fact sheet: WH SelfInvest
| Company name | WH SelfInvest |
| Founded | 1998 |
| Headquarters | Luxemburg, Zweigniederlassung Frankfurt am Main |
| Country | 🇱🇺 Luxembourg |
| Type | profi broker |
| Website | whselfinvest.de * |
About WH SelfInvest
WH SelfInvest S.A. was founded in 1998 and is based in Luxembourg. It holds Luxembourg licences as a stockbroker, commission agent and asset manager and is supervised by the Commission de Surveillance du Secteur Financier (CSSF); through the EU passport it has branches in Germany (Frankfurt am Main) and France, with BaFin (the German financial regulator) exercising only limited supervision over the German branch. It offers futures, CFDs, currencies, shares and options, along with its in-house trading platform NanoTrader as well as MetaTrader and ProRealTime. Because WH SelfInvest is not a deposit-taking credit institution, there is no deposit protection (Einlagensicherung): client money is held in segregated accounts at partner banks, where the relevant national deposit protection applies in a bank insolvency, and for an insolvency of the broker itself there is Luxembourg investor protection through the Système d'indemnisation des investisseurs Luxembourg (SIIL) up to a maximum of €20,000. Securities remain customer property and are unaffected by an insolvency.
Special features
- Luxembourg licences as stockbroker, commission agent and asset manager
- Investor protection through the Système d'indemnisation des investisseurs Luxembourg (SIIL)
- In-house platform NanoTrader with backtesting and automation
- Branches in Germany and France via the EU passport
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