WH Selfinvest review is collected after a lot of effort and we finally concluded that the traders should not invest with WH Selfinvest broker since their investments may not be safe with WH Selfinvest .
The main motive of Scam Victims Help is to identify the scam brokers in the market and let the traders know about their scam activities. We warn traders to stay away from scam brokers if they want to keep their hard-earned money safe from scams.
Broker Website – https://www.whselfinvest.com/
Headquarters or Area of Operation – Zürich & Amsterdam & Paris & Luxembourg
Warnings – Not Recommended By Review Website Like Scam Victims Help
When was the WH Selfinvest website domain set up?
|Date Registered||May 19, 1999|
|Domain Age||23 years, 5 months, 1 day, 13 hours, 36 minutes, 18 seconds|
WH Selfinvest Review: Introduction
WH Selfinvest is an online trading platform owned by WH SelfInvest S.A. The company was founded in 1989, and it became CSSF-registered in 2000. The website is found at https://www.whselfinvest.com/, and the company is located in Luxembourg. In addition, to the corporation in Luxembourg, the company also has offices under AMF and BaFin regulations in France and Germany. Additionally, two representative offices are subject to FSMA and FINMA regulations in Belgium and Switzerland. They can be contacted by email at firstname.lastname@example.org or by phone at +352 42 80 42 80. The broker seemed like the perfect choice, but it was a perfect choice. Read a complete WH Selfinvest Review to know more about this broker.
WH Selfinvest Review: Regulation
WH SelfInvest offers a wide range of financial products, including more than 65 currency pairs, CFDs, futures, and securities. They claim that the firm behind the brand, WH SELFINVEST S.A., has a license and authorization from the Commission de Surveillance du Secteur Financier and the Luxembourg Ministry of Finance (CSSF). They also have set up office branches in Belgium, Netherlands, France, Germany, and Switzerland, which are also subjected to the supervision of the local regulatory bodies. At first glance, all these offers and claims look good, but the reality is not the same. WH SelfInvest is a suspicious fake clone, and it is potentially involved in scam activities or online scams.
WH Selfinvest Review: Minimum Deposit and Withdrawal
The minimum deposit amount offered by WH SelfInvest is €2,500, which is a high minimum initial deposit than the other brokers. Most legitimate brokers offer a minimum amount of around $200 or less.
WH Selfinvest Review: Spreads and Commission
Spreads might be constant or variable at WH SelfInvest. While most fixed-spread brokers do not charge a commission, WH SelfInvest does just the opposite. On the EUR/USD pair, it provides narrow fixed spreads of 1.0 pip, and it levies a cost of €3.5 per lot per side (commission-based account). On the other hand, its variable spreads begin at just 0.9 pips (Spread-based account), whereas the average ones for the EUR/USD pair total about 1.7 pips. As a result, WH SelfInvest’s trading costs per standard lot are comparable for both accounts.
WH Selfinvest Review: Method of Payments
The following deposit and withdrawal options are provided by WH SelfInvest: bank wire transfer, credit/debit cards, checks, and Citi.
Each calendar month, one free withdrawal request is permitted. The following costs are applied after the first withdrawal (of any sort), depending on the base currency of your account: EUR 8, USD 10, or CHF 11.
The most crucial consideration for all traders looking for an online trading platform is reading client reviews. We can observe that the WH SelfInvest broker received poor ratings and unfavorable reviews across all websites. On other websites, the Customer Trust Score is similarly quite low. We discovered that this broker is dishonest and may be involved in scams, after reading this review and all the favorable and negative ITFX ratings.
We looked closely at WH SelfInvest broker’s online operations and other fraudulent aspects, so we decided to include this broker on our list of scam brokers for 2022.
WH Selfinvest Review: Conclusion
If you are a victim of WH SelfInvest scams or cryptocurrency scams, forex scams, investment scams, bitcoin scams, or any other online scams, you can file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery.
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Also, check which brokers got the warning from the Italian regulator CONSOB.