WH SELFINVEST Ltd has a broker license (nr. 42798), a commissionaire license (nr. 36399) and a portfolio manager license (nr. 1806) granted by the Luxemburg Ministry of Finance. The company is supervised by the Luxemburg Commission for the Surveillance of the Financial Services Sector (www.cssf.lu). WH SelfInvest complies with all laws regarding financial intermediaries and thus benefits from a European Pasport allowing it to offer its services across the EU. Our registered branch office in Belgium has the authorization of the "Banking, Finance and Insurance Commission". Our information office in the Netherlands has the approval of the "Autoriteit Financiële Markten". Our registered branch office in France has the authorization of the 'Autorité des Marchés Financiers' and the Banque de France. And, our registered branch office in Germany has the authorization of the Bundesanstalt für Finanzdienstleistungsaufsicht.
Our firm is audited by not
one, but two, independant audit firms. WH SelfInvest serves
private retail clients and institutional clients such as white labels, banks,
brokers and portfolio managers. Our clients are based in 28 different countries.
Why is it advisable to open your account with a European broker instead of a North American or Swiss broker ?
1. Quality:
European brokers, in order to obtain a broker's licence from their
local banking regulator, need to meet significantly more requirements
than North American or Swiss brokers, and need to maintain higher operational
quality standards. For example, WH SelfInvest must maintain 2 auditors.
One of these auditors will regularly check that the company delivers
the execution speed, service level, commission charges, etc it promises
clients. Thus clients can rely on an independent quality control.
2. Risk:
Swiss brokers are allowed to keep client monies on their own account. Client monies thus become part of the broker's balance sheet. This increases risk significantly. Creditors can stake a claim to the money and all clients are co-responsible for losses
3. Insurance:
The governments of several European
countries have insurance schemes in place covering their citizens if they
open an account with a financial institution which has a European passport.
A North American broker does not have a European passport and is thus not
covered by such government insurance schemes.