Welcome to our official Whales Club Review. In this detailed report, you will learn what Whales Club is and how they operate as well as tips to avoid being scammed. Many of you reading this are probably already members of Whales Club and might have landed on our Whales Club review in an attempt to find out why Whales Club is not paying you.
If you are currently not being paid by Whales Club HYIP, please post in the comments below so you can warn other readers of the dangers of this HYIP. Perhaps you have been paid, we want to hear from you too! Additionally if you need help investigating any HYIP or trading software, please let us know and we’ll point you in the right direction.
Official Website: https://whalesclub.io/
Whales Club Review
Whales Club is a HYIP or high yield investment program that offers an ROI (return on investment) of around 5% daily depending on which investment plan you chose and how long you plan to invest for. The concept behind Whales Club HYIP is that they are a small team of crypto traders and investors that want to bring large investment opportunities to smaller investors.
Whales Club scam is named after the idea that the “whales” are the big fish investors that make it difficult for small investors to make money. They claim that they will bring the “whales” investment opportunities to the small guy (you). Then YOU will become a “whale” which is why they have named their scam Whales Club.
So does the Whales Club do what it says it will do and is it worth your time and investment money? It’s not quite clear from looking at the website whether or not they are legitimate, so we have to dig deeper into the core issues that surround Whales Club to discover if they are a scam or not. As you might have guessed, we ARE blacklisting Whales Club, so keep reading to find out why!
Investing with Whales Club
Whales Club offers three unique investment earning plans. The first plan lasts 33 days and pays you 5% daily for each of those 33 days. The second plan lasts 20 days and pays you 125% after the 20 days is up. The third plan lasts 100 days and pays 5% daily. Each plan has a minimum investment amount which starts at $30 for plan 1 and goes up to $5000 for plan 3.
Whales Club scam has been operating for over a year now quietly but has just recently started to go viral. We didn’t initially review it because none of our readers had any interest in trying it out. However, now that it is becoming more popular and has gained 27,000 followers on Facebook, we decided it deserved an official Whales Club review.
The facts are clear. We highly doubt that Whales Club is trading or doing anything to make “new” money for their members. They are merely acting as a Ponzi scheme that pays withdrawals from a pool of collected invested money. This is how the vast majority of HYIPs work and they only stay open as long as the owner is honest and more investors are depositing fresh funds.
Is Whales Club a Pyramid Scheme?
Whalesclub.io is a pyramid scheme, but that doesn’t mean it’s impossible to make money from, just that it’s not safe nor legal. Let’s repeat that. What Whales Club is doing is not technically legal because they are using false advertising (claiming to be trading when they are not actually trading). However, they are currently paying their members, which means they are trying to grow their Pyramid larger.
All Pyramid schemes eventually collapse and anyone that joins at the end of the business operation will ultimately lose their money. The majority of business owners collect a pool of money BEFORE they shut down their website and then KEEP this money for themselves. This is where the dishonesty maximizes. If you are okay taking this risk then go ahead, but if you don’t understand this or are not okay with this, don’t invest with Whalesclub.io scam.
Whales Club HYIP Scam Exposed
The owner of Whales Club scam has NOT revealed his identity, which means he does not want anyone to know who he is. He claims to be a “team” of people that specialize in crypto trading and investments. This is most likely false due to the lack of transparency surrounding Whales Club. The “team” of traders and investors is not known either, which is most likely because they simply don’t exist.
Not only is there no information about who these traders and investors are, but there is also a lack of trading proof. The Whales Club scam claims to be part of the “whales” or big fish of trading yet they have ZERO trading proof? Frankly, this is completely ridiculous. A legitimate trading site would have a trading portfolio to demonstrate their skills and success. This trading portfolio does not exist, which means they either a) don’t have a report because they aren’t trading or b) the report is so bad they can’t show it.
Is Whales Club Paying?
Whalesclub.io is paying for the time being. However, this won’t last much longer. We have never seen a HYIP last longer than 6-8 months and most of the time must shorter than that. Some of the bigger HYIPs have lasted a year or longer but at the end of the day, they all close up eventually.
There are a few more important things you should know about HYIPs like Whales Club.
1. Whales Club is NOT regulated nor insured. They are not a legitimate company, so they follow no regulations and nobody is checking up on them to make sure they act honestly.
2. When you lose your money, you won’t be able to get it back. Because they deal primarily with cryptocurrency deposits, you can’t open a claim against them when you lose your money.
3. Whalesclub.io is not a super secure site, so don’t be surprised if someone hacks into your account and takes your earnings. Most HYIPs are run as cheaply as possible and don’t offer very strong security.
Is Whales Club a Scam?
Whales Club is a scam that will NOT last much longer. They will eventually max out their goals and their money pool will dry up, leaving them no choice but to close up. Instead of offering refunds to their investors they will take the remaining money and disappear. Don’t believe us? Just wait and see. We’re never wrong.