Note: This is a WhaleClub.co review. If you are looking for the WhaleClub.co official website or checking for a special bonus, then CLICK HERE. Special thanks to Adomas S. who submitted this review.
WhaleClub is an online CFD broker that is operated or owned by SAS Global Trading Limited. They are officially located at the British Virgin Islands. They list an address of 33 Kwun Tong Ave, Hong Kong and their email address of email@example.com on their domain registration.
Reviewed Broker: WhaleClub.co
1. What Is WhaleClub.co All About?
WhaleClub is a unique broker which uses their custom built CFD trading platform. What is unique about this broker is that all of users’ accounts are denominated in Bitcoin or Dash. Like most CFD brokers, they offer a wide range of underlying assets to trade including; Popular Forex pairs, Metals, Commodities, Bonds, Market Indexes and Individual Stocks.
When placing a trade, all amounts are shown in BTC (Bitcoin) and you will be trading, buying and selling based on the number of bitcoins per trade.
2. Consumer Fraud Alert Regarding WhaleClub.co
The success of WhaleClub.co has given rise to many frauds who try to sell their own fake broker services in its name. This is a big issue as many customers have lost their money in trading on such fake sites. It is advised that customers should be really careful when they are buying and should do some research before they trade on any website. To spot these, watch out and avoid sites that claim to write about WhaleClub.co, yet the writeup is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other website other than the official one. Therefore, it is highly advised that consumers do careful research, or only join the site from the official website here – http://WhaleClubOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate services.
This trading platform is ideal for someone who lives their life in a Crypto world, and doesn’t think in terms of Dollars or Euros.
Demo accounts are available with one click, and a real trading account only requires an email address. This is part of the appeal of the Bitcoin industry, in which everything is supposedly anonymous.
4. WhaleClub License & Regulation
When the Scam Broker investigator researches a new Forex broker, to determine if they are legit or a scam, we check to see if they are licensed by the FCA in United Kingdom or ASIC in Australia. This broker does not accept clients from the US because that would require them to have a license from the CFTC.
WhaleClub lists an email address of firstname.lastname@example.org, for traders to contact with questions about the legality in their local country.
5. Algorithm Trading Software
WhaleClub provides API access to their platform, but does not provide you with an automated trading robot.
Read what a customer we recommended WhaleClub.co to said…
“I am quite new to trading, but overall impressed by WC’s user friendliness, interface, and simple system . I was in the red zone for a couple days on until I go the hang of it. Looking forward to keep trading on your platform. Thank you and keep up the good work.”