WhaleClub is an online CFD broker that is owned and operated by SAS Global Trading Limited. They are officially located in the British Virgin Islands. They list an address of 33 Kwun Tong Ave, Hong Kong and an email of [email protected] on their domain registration.
WhaleClub Platform Review
WhaleClub is a unique broker which uses their own custom built CFD trading platform. What is unique about this broker is that all 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, Commodities, Metals, Bonds, Market Indexes and Individual Stocks.
When placing a trade, all amounts are shown in BTC (Bitcoin) and you will be buying and selling based on the number of bitcoins per trade. This trading platform is ideal for someone who lives their life in a Crypto Currency world, and doesn’t think in terms of Dollars or Euros.
Demo accounts are available with one click signup, and a real trading account only requires an email address. This is part of the appeal of the Bitcoin world, in which everything is supposedly anonymous.
Algorithm Trading Software
WhaleClub provides API access to their platform, but does not supply you with an automated trading robot. If you are interested in algorithm trading, you can read more about those systems, see here.
WhaleClub License & Regulation
When the Scam Broker investigator researches a new Forex broker, to determine if they are legitimate 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 United States because that would require them to have a license from the CFTC.
WhaleClub lists an email address of [email protected], for you to contact with questions about the legality in your local country.
There are more and more online brokers now accepting deposits in Bitcoin. To see an updated list of popular CFD / Forex brokers, look here.