3.87
170 reviews
Whaleclublogo

Description

Update

Experience the world’s first trading platform powered entirely by bitcoin. Long or short Cryptocurrencies, Forex, Commodities, Indices, and Stocks using your bitcoins. Global - Secure - Anonymous - Ultra-low Spreads - 100x leverage


Reviews

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- January 26, 2018
Good overall broker. 4/5 leverage 5/5 UI 5/5 support 4/5 spreads 4/5 margin requirement 5/5 execution

- January 25, 2018
It's good. Not bad at all for a FX trading site. Laughing out loud reading reviews where noobies are margin trading for the first time and don't know what FX swap are. :)

- January 25, 2018
I'm updating my previous 2 star review to 1 star. After posting my review, I read some other reviews, did some research, and had a realization! People lose their money so quickly because Whaleclub charges "financing" at the top of every hour. EVERY hour. And here's a quote from their FAQ: "Financing applies on your full position size, including positions opened at 1x leverage." So you are charged financing charges even if you don't borrow money to get a higher leverage. Go to their homepage + /fees This explains why some people said they put in a trade for several hours, and even made a profit, but still lost their money. It was taken away because of finance charges! And look at the following market chart, you'll see that BTC financing is 9%. That's 9% every hour, people, to trade BTC. Go to their homepage + /markets I'm convinced. Whaleclub is a dangerous scam, with a beautiful beautiful design and attractive features. I was almost taken in. Thank goodness I didn't trade with them, and thank goodness I read some of the bad reviews here. I personally have not had a bad experience with them. I have only used the "demo" account feature, and I never deposited real money. I personally cannot corroborate claims that Whaleclub took people's money and froze their accounts. But take a look at their legal agreement ... it says they can do it if they want to! Wow, that's crazy. Go to their homepage + /legal/user-agreement Last thing: I didn't know until just now, reading the legal agreement, that residents of the United States can NOT use the platform. I had no idea.

- January 25, 2018
I could easily give this 5 stars ... because this platform is fantastic on many many levels ... but I give it 2 stars mainly for one big reason: their "fees" are HUGE, and by that I mean their "spread" because they don't charge any fees and simply have big spreads. Their page detailing "execution cost comparison" is incorrect and misleading. The reason the math on the table is wrong is this: Whaleclub's spread is calculated against the value of 1 entire coin ... while every other exchange calculates their fee against what the customer is trading. So Whaleclub's BTC/USD spread (aka fee) is $85, no matter HOW much you are trading. They say it's about 0.78%, which is 0.78% of the value of 1 BTC ... or 0.78% of ~$11,000. For comparison, a BTC/USD fee on any other exchange might be 0.5%, but that's 0.5% of the value of what I want to trade. So if I trade ~$100, the fee is $0.50. But what about "spread" on other exchanges? Well, GDAX has $0.01 spreads for BTC. Most exchanges have spreads that are literally pennies large. And with limit orders, there's no slippage. On GDAX, a limit order means they don't even charge the 0.15% fee. (And btw, placing a limit order on Whaleclub doesn't reduce the spread at all.) This is a huge difference: $85.00 versus $0.01. I'll never trade real money on Whaleclub unless this is fixed. To be fair, it IS true that one can save money in fees by trading on Whaleclub, but that only happens if one is trading in excess of the value of 1 entire coin on the exchange. So if you're placing trades for ~$10,000+ on the BTC/USD exchange, then Whaleclub is competitive. Or if you're placing ~$200 trades on the LTC exchange, then fees are more competitive. Unfortunately, my account size is too small for that. Maybe Whaleclub is for high rollers only. As I said, the platform is amazing. If I could, I would do all my trading with Whaleclub. I love the ability to short, to have leverage, and the interface is the best. But nice features don't mean anything if the economics don't add up for me.

- January 24, 2018
Great, love the interface and leverage, speed of deposit/withdraw, no lag, no complaints.

- January 22, 2018
Extra good service and support very responsive, thank you..

- January 20, 2018
I've had good trading on Whaleclub, generally better than others. I don't use highest leverage except for in-trend swings, otherwise liquidations will come quickly.

- January 19, 2018
Excellent support and many many STARS for additional cryptos recently made. thank you from India

- January 19, 2018
Learned a ton from the guys in chat. +5

- January 18, 2018
I don't usually write positive reviews but where I'm from (the UK) there is almost no good BTC based CFD platform / leverage trading. Most of what I've tried have either zero liquidity or completely shit interface/order execution policy. Whaleclub stood out on 3 things: leverage offering (222:1), UI, and customer support. In all three things they are really good (so far). They've also made big improvements lately with addition of deposits in LTC, DASH, and ETH, which is great as BTC becomes a slow shitcoin. My advice is to improve your mobile app (or semi-app). Get a real mobile app, not a browser based one which is currently a pain to use.

- January 18, 2018
easy, simple sign up, simple trading, fast, works correctly. chat is a plus for quick support option, Add more markets in crypto XLM XVG TRN XRP and I will move more my funds

- January 18, 2018
To be honest their service is in the top of all BTC platform for trading. I would like better mobile appl because on nokia screen is not displaying correctly where I'm from. i have made deposit nd withdraw in quick amounts so it is trusted in my book.

- January 17, 2018
1 star review = user traded and lost lol. get your trading together noobies

- January 17, 2018
I have no idea why this bittrust site is filled with 1 star reviews even for services like coinbase and bitpay which have been around forever and backed by billions in VC money. So thought i'd write this. Have been trading on whaleclub for a while, and have used other trading sites as well, and am a pretty active chat room member. I've rarely had any issues compared to other sites. All trades go through without lag and full execution occurs. The leverage options are nice, as are Support which is great and fast. Had a missing 1 ETH deposit, they resolved it within 30 min. Thank you and please keep up the work, we need more businesses like this this in th industry

- January 16, 2018
No support until they steal your money

Tip: 1Ggs5zTAt43VvzuuM49zZxs8zVLnKwx6Fs


- January 16, 2018
A big scam they never tell you about hidden fees which occur every half an hour i lost 0695 BTC None of the support staff got me back, even I sent 10 emals When I lost everything then they started writing DO NOT JOIN AND PLAY HERE They are big cheaters

Tip: 1Ggs5zTAt43VvzuuM49zZxs8zVLnKwx6Fs


- January 16, 2018
Great finallu whaleclub have LTC deposit :) BTC is sinking, make LTC king

- January 15, 2018
not reachable!!

- January 15, 2018
What happened?

- January 15, 2018
Leaps and bounds ahead of any other trading or exchange. whaleclub works smoothly adn super fast customer support (

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