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Whale Company, known as Whale Market Inc., was established in 2019 in the United States. The company aims to provide a wide range of trading services, primarily focusing on forex, commodities, cryptocurrencies, and derivatives.
Whale operates as an independent entity, without a publicly listed parent company. Its ownership structure is not extensively detailed in available resources, which raises some questions about transparency.
The headquarters of Whale Company is located in the United States. However, it also has significant operations in Hong Kong, indicating a dual-market approach.
Whale Company serves a global clientele, with a particular focus on the Asia-Pacific region. The firm offers trading services in various financial instruments, catering to both retail and institutional traders.
Whale Company operates under the oversight of the National Futures Association (NFA) in the United States. However, it is important to note that Whale is currently unauthorized by the NFA, which raises concerns regarding its regulatory compliance.
Whale has progressively expanded its trading services, initially focusing on forex and commodities, and later incorporating cryptocurrencies and derivatives. This strategic expansion has allowed Whale to tap into the growing demand for diverse trading options.
Since its inception, Whale has focused on attracting a global customer base. Reports indicate that the company has gained traction, particularly in Vietnam and other Southeast Asian markets, although specific growth metrics are not publicly available.
Whale Company has developed proprietary trading platforms, including "Crypto Countdown Trader" and "Cryptocolt," designed to facilitate seamless trading experiences. These platforms emphasize user-friendliness and accessibility, catering to both novice and experienced traders.
Whale Company received the accolade of "Best ECN/STP Broker Asia Pacific 2019" from Global Brands Magazine, highlighting its commitment to high trading standards and customer service.
Whale offers a range of forex trading options, featuring over 50 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in diverse trading strategies.
While Whale primarily focuses on forex and derivatives, it also provides access to stock trading, enabling clients to trade shares from various global markets.
Whale offers Contracts for Difference (CFDs) on a variety of financial instruments, including forex, commodities, and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying assets.
Whale provides access to over 50 cryptocurrencies, allowing traders to diversify their portfolios. Additionally, commodities such as gold, silver, and energy products are available for trading.
Whale promotes several unique advantages, including zero deposit fees, leverage options of up to 1:100 for forex, and a PAMM investment portal for managed funds. The company emphasizes security with segregated bank accounts for client funds.
Whale is currently operating under the NFA's jurisdiction but is unauthorized, raising concerns about its regulatory compliance. There is no valid regulatory information available, which poses risks for potential clients.
Whale operates as Whale Market Inc., with its primary legal entity based in the United States. It also has a presence in Hong Kong, which may subject it to different regulatory standards.
Whale claims to implement client fund protection measures, including maintaining segregated bank accounts. However, the lack of regulatory oversight raises questions about the effectiveness of these measures.
Whale primarily serves clients in the United States and the Asia-Pacific region, particularly Vietnam. Its global reach aims to attract traders from various markets.
Whale's compliance history is concerning due to its unauthorized status with the NFA and negative reports regarding withdrawal issues and malicious liquidation practices, as highlighted on platforms like WikiFX.
Whale positions itself as a versatile trading platform catering to both forex and cryptocurrency traders. However, its unauthorized regulatory status may hinder its competitive edge compared to more established brokers.
Whale differentiates itself through its focus on zero deposit fees and a diverse range of trading instruments. Additionally, its proprietary trading platforms aim to provide a user-friendly experience, although technical issues with platform access have been reported.
Whale Company presents a mixed profile in the trading industry, offering a variety of financial instruments with some appealing features. However, its lack of regulatory oversight and negative reports regarding customer experiences raise significant concerns. Potential clients should exercise caution and conduct thorough research before engaging with Whale's services.
For more information on Whale Company and its services, be sure to learn more here.
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