Cons
  • Not regulated

Reviewed broker: Whaleclub

Established in 2014

Note: bitcoin startup trading company

Regulation: no

Location: Hong Kong

USA traders: not accepted

Payment options: Bitcoin only

Trading instruments: BTC, ETH, LTC, or DASH to trade global financial markets, CRYPTOCURRENCIES FOREX METALS STOCKS BONDS

Trading Conditions and Features

Account base currency: Euro, US dollar

Account types: standard

Social trading features: yes

Demo account: yes

Maximum leverage: Whaleclub offers up to 200x leverage on Forex currencies such as EUR/USD and up to 50x leverage on other markets such as commodities, cryptocurrencies, and stocks.

Minimum trade size: 0.01 lot

Spread type: fixed

Average spreads start from 1 pip

Commission fees: no

Scalping: allowed

Hedging: allowed

Mobile trading: yes

Currency pairs: 9

Easy-To-Use

The trading dashboard gives you a unified and powerful trading experience. Quickly check price charts loaded with essential tools and effortlessly browse trading ideas and news without needing to switch context.

Low-Cost

Trade 50+ instruments with spreads as low as 0.0001. Say goodbye to the pain of partially executed orders and slippage. Get your orders filled in 1 click instead of tranches, which greatly reduces your trading costs.

Free Practice Account

Access risk-free and unlimited demo trading that works exactly like real trading (except your balance is fictional). Easily switch between demo and real trading from your dashboard.

Bonuses

Earn deposit and cashback bonuses based on your trading activity. Get notified of bonus payments made to your balance in real-time as you trade, right in your dashboard. 

Upfront Risk Management

Easily set take profit levels, stop losses, and trailing stops that work exactly as you expect. Experience the thrill of guaranteed stops with unmatched execution speed.

Pro Trading Conditions

Because Whaleclub is specifically engineered to run on digital currency instead of fiat, everything feels fluid and fast. Take advantage of sub-second execution and high leverage.

Spread Only

Whaleclub does not charge any fees on trade execution. Trades are executed in full at the quoted prices.

Trading Platforms

Trading platform: in-house whaleclub web platform

Metatrader 4: no

Payment Options

Minimum deposit: $1

A fee applies on each withdrawal to help cover miner fees associated with blockchain transactions: 0.001BTC for BTC withdrawals, 0.005 for ETH withdrawals, 0.01LTC for LTC withdrawals, and 0.01DASH for DASH withdrawals.

There are no other fees. In particular, there are no fees on deposits or account inactivity.

Customer Support

Customer support: email, live chat, feedback form 

 Questions and Answers about Whaleclub

What’s the minimum position size?

The minimum margin size for a new position is 0.01BTC for classic trading and 0.001BTC for turbo trading.

Can I buy Bitcoin, Ether, Litecoin, or Dash from Whaleclub?

No. You can deposit Bitcoin, Ether, Litecoin, or Dash you already own into your Whaleclub account to trade financial markets.

How fast are withdrawals?

For security, most withdrawals are processed manually throughout the day within an hour after they are requested. 

How was the rating of Whaleclub performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Whaleclub FX broker performance and features. 

Overall our online Whaleclub review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Whaleclub or you find inaccurate details Whaleclub Capital broker review please get in touch with us and the changes will be applied. 

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Regulation: FSA is the financial services regulator in Seychelles

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Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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