So I was surfing in the web, reading about crypto and stuff...

Than I found this site "whaleclub.co". I'm in the Whaleclub Community Telegram Group, so I thought this site must be legit. That's probably what it shall look like. So let me say it seems like this site has nothing to do with the community! (https://twitter.com/btcWhaleclub) (read Twitter info). After a first failed trade (my fault) I had a good trade on LTC/USD. So after 5 hours I closed the position (5x leverage). Didn't seen that they have a leverage financing (on LTC/USD like 16%). Some other currencies are a little better.

https://whaleclub.co/markets

But the site to get there (https://whaleclub.co/fees) have a nice misleading example out of my sight. So after having a 12% gain, the costs for holding my position were even more than my win.

After research I found everything I've written above. So far it's all my fault. Should have read more on their site but I wanted to share what I found after more research. There are many negative comments on different sites.

On these sites are frightening comments. Like accounts frozen, suddenly disappearing money, bans and more:

https://bitcointalk.org/index.php?topic=2393215

http://bittrust.org/whaleclub

https://www.whaleclub-scam.com/

even here where the broker has nearly 5 stars https://www.bestbitcoinexchange.net/en/whale-club-co/

the thing about finding good stuff about them is probably their affilate system.

I just wanted to spread this a little so hopefully you don't get scammed!