"I congratulate you on being so customer oriented, both by phone and mail." - NR |
- You can currently trade all the below forex pairs. All clients can trade all pairs and all order sizes.
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- Forex trading is free of commissions. The broker makes his revenue on the basis of the spread between the bid and the ask price. The tighter the spread, the lower your trading cost. Hence it is important to select a broker who (1) quotes tight spreads, (2) always maintains these tight spreads, AND (3) is willing to also quote maximum spreads. WH SelfInvest does just that.
(1) You can trade on exceptionally tight spreads with WH SelfInvest. The below table shows the spreads on the most actively traded forex pairs. The spreads on all other pairs can be found here.
As you can see spreads are not static. The spread on the EUR/USD, for example, evolves between 1, 2 or 3 pips. The spread at a given time will depend on the volatility and the time (e.g. Asian pairs have wider spreads during the night in Asia).
Minimum spreadMaximum spread (*) USD/JPY13 (3)
EUR/USD13 (3)EUR/CHF16 (8)EUR/GBP16 (8)EUR/JPY24 (6)
AUD/USD24 (8)GBP/USD24 (8)USD/CHF24 (8)USD/CAD25 (8)CHF/JPY25 (8)AUD/JPY35 (8)
CAD/JPY37 (8)NZD/JPY37 (10)NZD/USD35 (10)GBP/JPY48 (10)
(2) Spreads are kept tight at all times. But we do not want you to take our word for it. We provide you with a verification tool. It is called the price activity screen in the (demo) trading platform. It logs the spreads we quote. Open it up before a major news announcement and observe our spread. You will not witness any spread widening.
(3) Most brokers do not commit themselves to maximum spreads. WH SelfInvest does. In this way the client can never have a bad surprise. * The spread between parentheses can occur under circumstances such as the Sunday evening opening, the Friday evening close, important unexpected news releases, public holidays in one or both legs of a forex pair, etc.
Maximum spreads offer you a significant competitive advantage.
- Forex prices are quoted with two or four decimals. These decimals are called "pips". You can trade either standard contracts (100.000), mini contracts (10.000) or micro contracts (1.000). The prices and spreads are identical for each contract size.
The margin required to open a position is 1% of the contract value. This corresponds to 100-1 leverage. We do not double margins during the weekend.
Examples:
Contract sizeMargin requiredValue 1 pipEUR/USD standard contract€ 100.000€ 1.000$ 10EUR/USD mini contract€ 10.000€ 100$ 1EUR/USD micro contract € 1.000€ 10$ 0,1USD/JPY standard contract$ 100.000$ 1.000¥ 1.000USD/JPY mini contract$ 10.000$ 100¥ 100USD/JPY micro contract $ 1.000$ 10¥ 10Note: mini and micro contracts are suitable to familiarize yourself with forex trading. Due to their small size losses can be limited even under volatile circumstances. Beginners use these contracts.
- Due to our privileged relationships with no less than 15 of the world's major forex banks (e.g. JP Morgan, Citibank, Deutsche Bank, Barclays ...) we can offer and maintain tight spreads. Our spreads tend to be tighter, particularly when there is volatility, than those of other forex brokers.
WH SelfInvest does not function as a market maker. This gives you two major advantages. You do not trade at a price determined by WH SelfInvest, you trade on the best price offered by these 15 banks. And you do not trade against your broker like for example you do with a Swiss broker.Finally, given our relationship with these 15 banks we never need to reqoute you and a market order will be executed at the market price at the time at which you enter it.
- Short positions are allowed on all forex pairs.
- For the major forex pairs we can accept electronic orders for up to $ 20.000.000.
- To protect as much as possibile against an unsecured debit positions are systematically liquidated when the value of the account goes below 25% (i.e. ¼) of the margin required to open the position. For example: a € 1.000 account buys 1 standard contract. The account loses € 750. € 250 Remain. This represents 25% of the € 1.000 margin required. The position will be closed automatically at market price. An automatic sell-out is not a guarantee that you will not have a negative balance.
- WH SelfInvest is at the technological forefront of forex trading. Hence you have at your disposal a multitude of functionalities which appeal to active investors such as trading via the charts, automated orders and guru indicators.
- WH SelfInvest has designated Dexia Bank and Barclays Bank to serve as depository banks for our client accounts. Barclays is the 6th biggest bank in the world and is quoted on the London Stock Exchange. Dexia Bank is primarily the bank of governments and local communities and is quoted on Euronext. Client assets are separated from our company's assetes and from the assets of other clients. Client assets are split between these two institutions for increased safety and higher guarantee coverage. WH SelfInvest clients have what is most important … peace of mind.
- The minimum amount required to open an account is € 2.500 or the equivalent in GBP, USD or CHF. The account is allowed to go below this minimum when operational. There is no maximum.
- The account is subjected to Luxemburg banking secrecy and can be held in EUR, GBP, USD or CHF. Besides a Luxemburg account you can also open an account with one of our branches in other countries.
- Funding the account can be done either by cash deposit (procedure) or money transfer. In both cases this needs to be done into a 'client assets' account with Dexia here in Luxembourg. WH Selfinvest will only accept transfers coming from the accountholder. Transfers from third parties, including family members, in favor of the accountholder will be rejected. The money will automatically be posted to your own individual account. The cost is € 5.
- Transferring money out of the account is straightforward. For security reasons we do not accept transfer instructions via e-mail or internet. Only a signed, written instruction is acceptable. You can fax your instruction to
+352 42 25 75 25
. Transfer costs are fixed at € 5 for amounts < € 30.000 and 0,10% (max.€ 50) for amounts > € 30.000.
Transfer form
- WH SelfInvest is a European firm which operates within all European rules, regulations and directives. The European regulatory framework for financial institutions is much more strict than that of the USA or Switzerland. As a consequence the quality of European institutions is higher and the investor is offered more protection. In addition WH Selfinvest has been granted a European Passport, a proof of the quality of our institution.
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| WH SelfInvest clients are satisfied clients: |
| “I would like to thank you and congratulate you on the way you deal with all issues. Companies with such high service standards have become a rarity.” |
“Pretty soon you will reply before I have asked a question. – AV” |
“Thank you for your clear explanations … time and time again. – AK” |
| “Job well done, excellent service. – WVG” |
| “I would like to take this opportunity to thank you for the prompt way in which you have dealt with my last issue. I’m very pleased to see that your service knows no limits. Actually this is more than service. Thank you! – WD” |
| “Fantastic broker. I am very satisfied with the fast and reliable service.” |
