Key Points Covered
- What is WhalesHub?
- Missing regulation and license concerns
- Fake Trustpilot rating claims
- Real user complaints and experiences
- Final verdict on WhalesHub scam
What is WhalesHub?
WhalesHub is an online trading service promoting trading opportunities that may be investment opportunities. It tries to appear professional on the surface and will plaster the benefits of trading on the site. Unfortunately, when you explore more of the site, the red flags begin. The website does not provide any licensing or regulatory information, which is essential for anyone offering trading services.
While WhalesHub says it operates out of the U.K., we checked with the Financial Conduct Authority (FCA) to determine whether WhalesHub was registered and authorized to offer financial services, and the answer we received raised issues concerning its legitimacy.
- Website: https://whaleshub.org/
- Website Availability: Yes
- Address: NA
- Warning: No Warnings
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Fake Ratings and Misleading Information
One of the largest issues raised in this WhalesHub review is the Trustpilot rating, which does not provide the correct rating. The website displays a proud Trustpilot 4.7 out of five rating. However, it does not disclose that it has just a 2-star rating on its Trustpilot profile page. Obviously, this is an attempt to misrepresent its reputation.
Further, nowhere does the website display a proper business address, making it very difficult to locate or verify any actual business identity.
User Experiences on WhalesHub Scam
Various individuals have submitted accounts about their experience with WhalesHub:
- Difficulty verifying and withdrawing funds
- One investor stated that he initially deposited £4,100 and decided to deposit more, but his bank intervened to prevent him from losing more.
- Other victims stated that they were shown fake profits (e.g., “earned £60,000”), which were never real funds, and therefore, the fraudsters never let them withdraw.
- Everyone victim warned, “Do not touch this company, it is a total scam.”,
This information shows that the platform employs manipulative practices and operates without transparency.
Final Verdict on WhalesHub Scam
Due to its regulatory absence, fake ratings and user complaints, it is clear that WhalesHub operates as an unauthorised and unsafe trading platform. It is strongly recommended that investors avoid using it and notify the proper authorities of any suspicious activity.
How ProupShot Can Help
If you have been impacted by WhalesHub, contact ProupShot. At ProupShot.co, our team carries out thorough reviews and articles to help expose scams and fraudulent companies. We aim to raise awareness and connect the victims with people who can assist.
We all understand that losing money to scams and fake trading platforms causes a massive amount of stress. This is why we also attempt to shed a light on the red flags, people’s experiences, and to provide you with information on the next steps you should take – rest assured, if you’re looking for unbiased reviews, or just to report suspicious activity, ProupShot can also help.
We provide victims with avenues to trusted recovery intermediaries and generate educational content to minimise their likelihood of being a victim of a similar scam in the future. Our founding principles are transparency and protection.
Don’t let another scam broker like WhalesHub take advantage of you. Visit us at ProupShot.co today, where we educate, support, and act. Let us know if you have been impacted, and let us help you recover. Together, we can create a safer online trading environment.
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