• CFDs (contracts for differences) are a financial instrument which allows investors to trade an extremely wide range of products including shares, market indices and commodities like oil and gold in an efficient, transparent and low cost way.
  
  The investor does not buy or sell the actual underlying instrument. He simply buys and sells a contract which replicates the economic effect of trading in the reference instrument. Profits (or losses) are credited (debited) to or from the account in the normal manner.
  
  
• You can trade a vast range of CFDs:
  
  

Various	Commodities	Stock markets	Indices
Europ. Sector ETFs 18	Energy oil, gas, ...	Australia	Australia
ETFs 44	Metals gold, palladium, ...	Austria	Austria
VIX Volatility index	Agriculture coffee, corn, ...	Belgique	Canada
US Dollar index	Financial Bund, T-note, ...	China	China
UK CPI Data	Currencies EUR, USD, GBP, ...	Denmark	Denmark
Euroinflation HICP		Finland	Finland
		France	France
		Germany	Germany
		Greece	Hong Kong
		Hungary	Hungary
		Italy	India
		Netherlands	Italy
		Norway	Japan
		Poland	Korea
		Portugal	Mexico
		Singapore	Netherlands
		South Africa	Norway
		Spain	Poland
		Sweden	Singapore
		Switzerland	South Africa
		U.K	Spain
		U.S.A.	Sweden
			Switzerland
			U.K.
			U.S.A.

The instrument tables show all the parameters (opening hours, spread, ...) of each CFD.

• The spreads offered by WH SelfInvest on the index CFDs are exceptional. The FTSE, Dax and CAC40 index CFDs all have a mere 1-point spread.
  
  
  

  The 1-point spread is maintained at all times. But ... nothing beats "seeing is believing" so try the free real-time demo. This demo contains a Price Activity screen. The Price Activity screen allows you to observe the spread history.

  Our index CFDs are very practical. Their simplicity (e.g. 1 point = £ 1) allows all order sizes.
  
  
• Another major innovation is 24-hour trading on all the major indices and commodities. 24-Hour prices offer significant advantages. Firstly, investors can protect an open position overnight with a stop order. Secondly, a position on the European markets can be taken after the US close and before the European markets open the next morning. And, thirdly, gap openings, which can be dangerous, are avoided.
  
  
• Our spreads on share CFDs are 100% identical to the spreads of the underlying shares. Clients can trade directly on the market bid-ask (Reuters price feed). Most CFD brokers add their dealing spread to the market prices. This represents an additional (hidden) cost for the trader.
  
  
• CFDs offer numerous advantages. For example:
  
  

  Short selling	All CFDs can be sold short allowing you to profit from markets which are going down.
  Leverage	You determine if and how much leverage you use. Leverage allows you to profit from small price movements.
  Low commissions	Given their over the counter nature, CFD commissions are very low.
  Not an option	Unlike other derivatives such as options, warrants, certificates, etc CFDs are not optional in nature. So no complex price calculations, no value erosion due to time value and, no breaking one's head over the right strike price.
  No dealing spread	WH SelfInvest propose ses CFD à un cours identique à celui des actions sous-jacentes. Les cotations de bourse sont gratuites.
  Vast range	There are CFDs on shares, indices, commodities, currencies, ETFs, ...

  
  
  
• The investor doesn't need to finance the total value of his position. The instrument tables specify the minimum (the margin in jargon) an investor needs to open a position. So it is the investor who determines the leverage he uses. Either he opens the position with just the minimum amount present (not advised) or with more. The margin is 10% for share CFDs and between 0,5% and 5% for commodity and index CFDs. For example:
  
  

  Position	Margin required
  Buy 1.000 CFDs on HSBC at £ 6,75. Total £ 6.750	£ 675 (10%)
  Buy 1 CFD on Crude Oil at $ 122. Total $ 12.200	$ 366 (3%)

  Leverage allows investors to benefit from small price movements.

• CFD positions can be debited or credited a financing charge.
  
  If you hold a long position one night or longer (i.e. you do not buy and sell the same day) you will be debited a financing charge. The interest owed is calculated as follows: 1/360 x (libor* + 3%). CFDs on futures (market indices, gold, crude oil ...) are not subject to this financing charge.

  If you hold a short position one night or longer you will be credited a financing revenue. The interest you receive is calculated as follows: 1/360 x (libor* - 3%).

Click the button to subscribe to the free CFD-Forex newsletter. This newsletter provides information regarding CFD and Forex trading. It also coivers some of the lesser known functionalities of the trading platform.

* London Inter-Bank Offered Rate. These are the interest rates banks apply among themselves. Click here for an indicative value.

• WH SelfInvest has designated, either directly or indirectly, Dexia BIL, Barclays Bank and JP Morgan Chase Bank to serve as depository banks for client accounts. Client assets are separated from our company's assets and from the assets of other clients. Client assets are split between these three institutions in order to spread risk and hence increase safety.
  

  
  
• The minimum 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 by money transfer or a cash deposit (procedure). In both cases this needs to be done into a 'client assets' account with the Dexia Bank here in Luxembourg. WH Selfinvest will only accept transfers coming from the accountholder. Transfers from third parties, including family members, 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. If you have an account with two or more accountholders, all accountholders need to sign the instruction.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.