Whaleclub Review

Jared 4:22 am

Whaleclub Review

9.3
OUT OF TEN
Get A 30% Signup Bonus

Headquarters

Hong Kong, China

Description

Trade with Digital Currency.

Website

https://whaleclub.co/

24-hour trade volume

$31 M

Availability

190 Countries Worldwide

User Experience

Design

I love the design of Whaleclub. Their trading interface packs a ton of information and useful tools into a tiny space. You can tell from the simplicity of their navigation that they really took the time to create a user-friendly experience. Plus, it’s mobile friendly in addition to Whaleclub offering iOS and Android apps.

Beginner-Friendly

Sort of – The interface if very beginner friendly if you’re familiar with other trading platforms. So for beginning traders, it’s a very friendly platform, however, if you’re like me and have zero trading experience there’s definitely a learning curve. Luckily the chat experience is awesome and I’ve learned a ton from other users in the chat.

Documentation

Yes – The help center contains guides and documentation on a variety of topics, but it’s much more efficient to just ask users in the chatroom

Customer Support

TBD – So far I haven’t needed customer support for any issues. I’ve submitted a support request and will update as soon as I hear back.

Security

Verification Tiers

No Verification Required – Simply create a new account and you’re ready to start trading.

2-Factor Authentication

Yes – via Google Authenticator

Insurance

No – I couldn’t find any documentation suggesting that funds are insured.

Storage

Yes – all account funds are stored offline using cold storage and geographically distributed in vaults around the world.

Encryption

Yes – AES 256 Encryption (aka the best of the best)

Payment & Fees

Fee Structure

Spread Only – Whaleclub does not charge any fees on trade execution. The business is based on a pure exchange model outlined below:

whaleclub-business-model

 

Deposit Fees

Deposits are only accepted in BTC and DASH. There are no deposit fees.

Withdrawal Fees

Yes – Fees are applied to each withdrawal to supposedly help cover mine fees associated with blockchain transactions. Whether or not that’s true is up to debate.

Financing Fees

Yes – Financing fees are calculated hourly based on the size of your position multiplied by the market daily rate divided by 24 (to give you an hourly rate).

Accepted Payment Methods

Crypto Only – BTC & DASH

Technology

Reliability

Excellent – haven’t had any issues whatsoever.

Mobile App

Yes – Android & iOS

Trading

Markets

Commodities

  • Crude Oil (Brent)
  • Crude Oil (WTI
  • Gold
  • Gold/EUR
  • Gold/Silver
  • Natural Gas
  • Silver
  • Silver/EUR

Forex

  • AUD/USD
  • EUR/GBP
  • EUR/USD
  • GBP/USD
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/JPY
  • USD/MXN
  • USD/TRY

Crypto

  • BTC/USD
  • DASH/BTC
  • DASH/USD
  • ETH/USD
  • LTC/USD
  • XMR/BTC

Stocks

  • Alphabet
  • Amazon
  • Apple
  • Coca-Cola
  • Facebook
  • Goldman Sachs
  • JP Morgan
  • Netflix
  • Petrobras
  • Snap
  • Starbucks
  • Tesla
  • Twitter

Indices

  • FTSE 100
  • NASDAQ
  • Nikkei 225
  • Russel 2000
  • S&P 500

Bonds

  • US 10Y T-Note
  • US 2Y T-Note
  • US 5Y T-Note
  • US T-Bond

Margin Trading & Leverage

Up to 200x leverage on forex and 50x leverage on stocks, commodities, and cryptocurrencies.

Features

Stop Loss, Take Profit, Split, Trailing Stop

Charts

Yes – Fully-customizable charts, time intervals, drawing tools, and indicators

Additional Info

Live news, forecasts, and market updates

Whaleclub Review 2018
The White Whale of Crypto Trading
Whaleclub makes it easy for traders of all skill levels to quickly get started in a variety of markets. I had very little experience when I first signed up but started making trades with the demo account after a few short minutes. Even though I was making demo trades I was almost instantly addicted to Whaleclub. Thanks to great liquidity and a user friendly design Whaleclub is now my go to trading platform. I'd recommend playing around with a demo account until you get a good feel for the spread on different markets and the hourly fees.
User Experience9.6
Security9.8
Payment & Fees7.8
Technology9.6
Trading9.8
Reader Rating1 Vote9.9
Pros
Fully-featured Demo Accounts
Intuitive User Interface
100s of Indicators
Cons
Hourly Financing Fees
Limited Crypto Markets
9.3
OUT OF TEN
Get A 30% Signup Bonus
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