Self Bank (SelfBank) Review 2026

Logo Self Bank
Top Brokers Overview — United States
How we tested Self Bank

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Self Bank Pros & Cons

  • Optimal trading conditions for traders who invest in the stock market.
  • Tight market spreads for Forex trading accounts.
  • The minimum deposit to enter the exchange starts at $0.
  • MetaTrader 4 and MetaTrader 5 are not on the list of available platforms.
  • The maximum leverage does not exceed 1:50.
  • There are no options for generating passive income.
  • Trading bonuses are absent.
  • The broker has only one Spanish version of the site.

Singular Bank, S.A. (formerly Self Trade Bank, S.A.) (Spain), hereafter referred to as “Self Bank, is a subsidiary of the Warburg Pincus, LLC investment holding and a lending institution that is regulated by the Central Bank of Spain. It has been providing a wide range of banking and financial services to clients of the European Union for almost 20 years. Self Bank provides banking services and offers financial planning, savings accounts, credit and debit cards, deposits, investment funds, pension plans, indices, payroll accounts and allows traders to invest in currencies, CFDs on stocks, indices, commodities, and ETFs. According to Rankia, a leading financial portal, Self Bank was ranked as the best multi-product broker in 2019.

TU Expert Verdict

Chief Analytics Officer

Self Bank demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Self Bank offers personal and business banking services, savings solutions, and payment cards, along with access to trading over 14,000 assets including 165 Forex pairs, stock CFDs, commodities, indices, bonds, and ETFs. Regulated by the Central Bank of Spain as a Tier-1 institution, Self Bank features a low minimum deposit of $10, tight Forex spreads from 0.2 pips on Standard accounts, and both Standard and ECN/Raw trading account options. Account opening is fully online, supports USD and EUR base currencies, and includes a demo account for trial trading, although its validity is limited to 20 days.

Notable drawbacks include the lack of MetaTrader 4 and MetaTrader 5 platforms, a maximum leverage of only 1:50, no micro or cent accounts, support provided in Spanish only, and limited passive income services. In addition, user reviews cite frequent technical problems and delays when using Self Bank’s proprietary trading platforms. Self Bank may suit experienced EU-based clients who prioritize multi-product banking and are comfortable using custom platforms, but is less suitable for active Forex traders, beginners, or those seeking advanced platform features and broad language support.

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Self Bank User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
5.8 /10
36 total
  • 5-star
    0%
  • 4-star
    17%
  • 3-star
    64%
  • 2-star
    14%
  • 1-star
    6%
msahamed
2 years ago

Self Bank returned my $7,100 these days. I waited almost 3 weeks. Therefore, I will rate the company as neutral. The money was returned, and I’m grateful for that, but I won’t trade here anymore.

FELCHUA
2 years ago

Self Bank has very big problems with trading platforms. The company offers platforms developed by in-house programmers. And unfortunately, these platforms leave much to be desired. The Self Bank platforms are very inconvenient to use - they often freeze when opening orders.

Edwarditefe
2 years ago

Self Bank has significant problems with its trading platforms. The company provides its clients with platforms developed by its in-house programmers. Unfortunately, these platforms are far from ideal. They are inconvenient to use, and orders often experience delays when placed.

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    8 /10

    The trading and non-trading commissions of Self Bank have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • No inactivity fee
    • No deposit fee
    • No withdrawal fee
    • Complex fee structure

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of Self Bank with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

    Standard Account Spread

    For Standard accounts, Self Bank’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

    Self Bank Standard spreads
    Self Bank OANDA FOREX.com
    EUR/USD min, pips 0.2 0.1 0.7
    EUR/USD max, pips 0.6 0.5 1.2
    GPB/USD min, pips 0.4 0.1 0.9
    GPB/USD max, pips 0.7 0.5 1.4

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    Self Bank RAW/ECN spreads
    Self Bank OANDA FOREX.com
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5
    EUR/USD avg spread 0.1 0.15 0.2
    GBP/USD avg spread 0.1 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with Self Bank. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    Self Bank Non-Trading Fees
    Self Bank OANDA FOREX.com
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 0 0 15
  • Is Self Bank Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    9 /10

    Self Bank has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

    • Tier-1 regulated
    • Track record over 31 years
    • No negative balance protection
    Self Bank Regulators and Investor Protection
    Abbreviation Banco de España Full Name Banco de España Country of regulation Spain Investor Protection Fund Banking deposits up to €100,000, Investor protection up to €20,000 Regulation Level Tier-1
    Self Bank Security Factors
    Foundation date 1995
    Negative balance protection
    No
    Verification (KYC)
    Yes
  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    4.1 /10

    Self Bank offers the following account options: Demo, Standard, ECN/Raw spread.

    However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

    • Tight spread ECN account
    • Standard account with balanced trading conditions
    • Demo account
    • Micro lots are not available
    • No Swap Free account
    Self Bank account types vs top competitors
    Self Bank Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    No
    No
    No
    VIP
    No
    No
    No
    Managed
    No
    No
    No

    Self Bank accounts trading conditions

    Self Bank is a digital bank that offers a wide range of accounts for private and corporate clients. The broker provides only one type of account for trading currency pairs and CFDs.

    Account types:

    Account Type Description
    CFD and Currency Account CFD and Currency Account are standard accounts with up to 1:50 leverage. The spread for the EUR/USD pair starts from 0.0002 pips, but the minimum commission is 10 US dollars. There are no requirements for the amount of the minimum deposit.

    A demo account is available with a validity period of up to 20 days. The Self Bank broker aims to cooperate with European traders who prefer to invest in the stock market.

  • Deposit and Withdrawal

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    5 /10

    Self Bank received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    Self Bank provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • No deposit fee
    • Bank wire transfers available
    • Bank card deposits and withdrawals
    • Minimum deposit below industry average
    • Wise not supported
    • PayPal not supported
    • BTC not available as a base account currency

    What are Self Bank deposit and withdrawal options?

    Self Bank provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.

    Self Bank Deposit and Withdrawal Methods vs Competitors
    Self Bank Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    No

    What are Self Bank base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Self Bank supports the following base account currencies: USD, EUR.

    What are Self Bank's minimum deposit and withdrawal amounts?

    The minimum deposit on Self Bank is $10, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Self Bank’s support team.

  • Markets and Tradable Assets

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    8.8 /10

    Self Bank offers a wider selection of trading assets than the market average, with over 14000 tradable assets available, including 165 currency pairs.

    • Crypto trading
    • 14000 assets for trading
    • Indices trading
    • Copy trading not available
    • Futures not available

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by Self Bank with its competitors, making it easier for you to find the perfect fit.

    Self Bank Trading.com Plus500
    Currency pairs 165 69 60
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 14000 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    No
    No
    Yes

    Investment options

    We also explored the trading assets and products Self Bank offers for beginner traders and investors who prefer not to engage in active trading.

    Self Bank Trading.com Plus500
    Bonds
    Yes
    No
    No
    ETFs
    Yes
    No
    Yes
    Copy trading
    No
    No
    No
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at Self Bank by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    8 /10

    We successfully registered an account with Self Bank in 30 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at Self Bank is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Low minimum deposit requirement
    • Fully online account opening process
    • Registration process may take longer than expected
    • Account approval may require extra time depending on the documentation.
    Self Bank account opening
    Self Bank Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $10 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 30 20
    KYC time (days) 3 2 3

    Is Self Bank available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    You need to open a trading account to start making money with Self Bank. To do this, you need to visit the official website of the company and follow these steps:

    • Click “Become a client” and choose the appropriate type of account from the line offered by the company.

      The account “Cuenta de CFDs y Divisas” (“CFD and foreign exchange account”) is intended for trading currency pairs and CFDs.

    • Choose to open a digital or regular account. If the digital method (Self Now) is selected, you must enter personal data, confirm your identity using digital video identification and receive an electronic key to enter your personal account. After entering personal data, the customer receives by email all product information and a temporary security password when opening an account without Self Now. Further, you need to send identity documents via email.

    • The following tabs are available in the Self Bank personal account:

      • “Personal account” – your personal account is for performing financial transactions and generating trading reports.
      • The “Trade” tab takes you to the web terminal and so you can start trading.

    There are also many other useful functions and features, such as:

    • the “Research” section contains an economic calendar and the latest news from the financial markets.
    • Real-time currency quotes.
    • Active operations log with information on all actions in the trading terminal.
    • A window for communication with specialists using online chat.
  • Customer Support

    Score:
    We evaluated Customer Support at Self Bank by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    4.5 /10

    The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

    In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

    Information

    The broker's support service answers customer questions from 8:00 to 22:00 hours from Monday through Friday local time.

    • Not only clients but also traders without registration can contact Self Bank representatives by phone and email
    • Not available on weekends
    • Only the company's clients can get advice in the online chat
    • Support is provided in Spanish only

    There are several ways to contact support:

    • by phone numbers indicated on the website;
    • by fax;
    • by email;
    • by using the feedback form;
    • via online chat on the website (registered customers only).

    Support is available from the broker's website and your personal account.

    Contacts
    Foundation date 1995
    Registration address Singular Bank, S.A.U. (Self Trade Bank S.A.U.) Calle de Goya, 11.28001 Madrid
    Official site selfbank.es

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FAQs

What commissions and trading fees does Self Bank apply to forex and CFD trading?

According to the review, Self Bank is rated as having low overall fees, with a fees score of 8/10 and no charges for deposits, withdrawals, or inactivity. On Standard accounts, forex trading costs are included in floating spreads, with typical EUR/USD spreads between 0.2–0.6 pips and GBP/USD between 0.4–0.7 pips, while RAW/ECN accounts have average EUR/USD and GBP/USD spreads of 0.1 pips plus a $3.5 commission per lot.

What types of trading accounts are available at Self Bank and what are their main conditions?

Self Bank offers a demo account and a CFD and Currency Account, which functions as a standard trading account with leverage up to 1:50 and EUR/USD spreads starting from 0.0002 pips, subject to a minimum commission of 10 USD. The review notes that there is no minimum deposit requirement for this account and that Cent, Micro, Swap Free, VIP, and managed accounts are not provided.

What do Self Bank user reviews and feedback say about overall satisfaction levels?

Based on available user reviews, Self Bank has a user satisfaction score of 5.8/10 from 36 reviews, with most ratings clustered around 3 stars and a smaller share of very positive or very negative scores. This distribution suggests a mixed perception among clients, with neither strongly favorable nor strongly unfavorable feedback dominating.

How do reviews describe the Self Bank trading account opening process?

The review states that opening a trading account with Self Bank is fully online, with registration taking about 30 minutes and KYC verification typically completed within 3 business days, and the minimum deposit set at $10. It also notes that account approval can sometimes take longer depending on the documents provided, and that the personal account area includes access to trading, research tools, real-time quotes, and support chat.

What customer support options and service hours does Self Bank provide according to client feedback?

The review explains that Self Bank support is available Monday to Friday from 8:00 to 22:00 local time via phone, fax, email, feedback form, and online chat for registered clients. It also notes that assistance is provided only in Spanish, support is not available on weekends, and testing indicated slower response times and limited depth of help, which may be inconvenient for users who rely heavily on support.

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