WH SELFINVEST Ltd is a financial institution under Luxembourg law. WH SelfInvest fully complies with all legal requirements of the laws of the Grand Duchy of Luxembourg regarding financial intermediaries. Our broker license number is 42798, our commissionaire license number is 36399 and our asset manager license number is 1806. Our regulator is the Ministry of Finance's 'Commission for the Surveillance of the Financial Services Sector'. Our registered representative office in Belgium has the authorisation of the 'Banking, Fianance and Insurance Commission'. Our information office in the Netherlands has the approval of the 'Autoriteit Financiële Markten'. And our registered representative office in France has the authorisation of the 'Autorité des Marchés Financiers'.
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.
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 monnies on their own account. Client monnies 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.