Whales Asset has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending since the beginning of the year trying to make Whales Asset work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Stable platform|Great customer service|Excellent charting|Regular updates
Cons: Search feature is basic|No phone support on weekends
I trusted Whales Asset with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Clear documentation|Competitive fees|Social trading features
Cons: Inactivity fee applies after 12 months
I want to warn everyone about Whales Asset. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Do not be fooled by the professional-looking website. Behind the scenes, Whales Asset is disorganized and incompetent. I found them while looking for alternatives to my previous provider and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Transparent fees|Dividend tracking|Intuitive for beginners|Easy to use platform
Cons: Limited demo account features|No phone support on weekends
I was about to invest with Whales Asset but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Whales Asset recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Easy withdrawals|No hidden fees
Cons: Desktop app not available on Linux
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
I had high hopes for Whales Asset after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Instant funding|Easy withdrawals|Fast execution|Clean UI
Cons: Search feature is basic|Alert system is basic
I had a dispute with Whales Asset and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Good analytical tools|Detailed reporting
Cons: Desktop app not available on Linux
After using Whales Asset for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Real-time alerts|Full transparency|Low minimum deposit|Two-factor authentication
Cons: Minimum deposit could be lower