TheWealthCore Review 2024
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of TheWealthCore Trading Company
TheWealthCore began its professional activities in 2020. The broker offered favorable trading conditions and focused on long-term collaboration. The company provided various financial instruments for trading, including currency pairs, cryptocurrencies, indices, stocks, metals, and commodities. TheWealthCore is registered in Cyprus but operates without licenses. The company's website claimed to have an ASIC (The Australian Securities and Investments Commission) license, but the Australian Securities and Investments Commission denied this fact.
Currently, the company's website is under maintenance. There is an announcement on the homepage for existing clients, instructing them to contact client support for access to their trading accounts. Client reviews, including those on the broker's Facebook page, are predominantly negative. Most complaints revolved around the misappropriation of investors' funds. According to former clients, the company's employees used persuasion and promises to attract new investors, but only a very few of them were able to withdraw their funds.
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Contacts
Registration address | 23 Stasinou Street, 2nd and 3rd floor, Nicosia, Cyprus |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has TheWealthCore been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against TheWealthCore by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of TheWealthCore is down, not updated or operates with clear errors and some features are not available;
• TheWealthCore has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if TheWealthCore got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why TheWealthCore got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from TheWealthCore?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if TheWealthCore is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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