TheWealthCore Review 2024

TheWealthCore Review 2024

Updated:
Updated: February 08, 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:

Start Trading with IG Markets
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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.

User Satisfaction i

10 comments
Total score:
2.2 /10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
sanjeevk
13 weeks ago

TheWealthCore website is unavailable along with my accounts, where there is a significant amount of money. I traded cryptocurrencies and currencies on the Gold account and used Platinum for long-term investments in stocks. I invested all the funds I had been saving for these purposes and lost them in an instant. At first, there was hope that it was maintenance, but when I read reviews about the company, I realized that I wouldn't see my money. I filed a statement with cyber police, but I doubt it will yield any positive results because TheWealthCore is an offshore company operating without a license.

Avatar
Avatar
embun_sutrisno_tersayang
19 weeks ago

I lost $65,000 because I trusted my money to scammers from Thewealthcore. Their manager called me and started offering various ways to earn, promising to help and advise me on which assets to buy and when to sell them. I initially invested $10,000 but then kept investing more and more because I was really making a profit at first. I reinvested all the profits into the trading turnover, and after a few months, I had a decent profit. I wanted to withdraw it, but they persuaded me not to do it and to leave it, allegedly because there would be an opportunity to profit from price fluctuations soon. It all ended with the website ceasing to work, and support not responding to me.

Avatar
Avatar
falcon777
26 weeks ago

TheWealthCore broker is a liar and a fraud who deceives clients and steals their money. Their website claims that they operate under an ASIC (The Australian Securities and Investments Commission) license, which is considered a reliable and authoritative regulator. In reality, they had no license. It's a pity that I found out about this too late. Otherwise, I wouldn't have lost all the funds I allocated for Forex trading. I started working with a Gold account with the minimum amount required for this account, $10,000. There's no point in describing the trading specifics if, in the end, they didn't return my money, blocked the account, and support said I violated some of their rules, although there were no violations on my part.

Avatar
Avatar
nabilmo
29 weeks ago

I saw an ad for The Wealth Core broker and decided to try trading currency pairs with them. I thought that if the company was new, there would be no problems, but I was wrong. The technical support was terrible as both trading platforms were lagging, responding slowly to commands, and there were constant authentication issues. I endured for a couple of months, but the situation didn't improve. I decided to withdraw money and find another broker. I requested a withdrawal via bank transfer and waited for a week, but the money didn't come. I contacted support, but they said the problem wasn't on their end. In the end, I never saw the money.

Avatar
Avatar
edi
34 weeks ago

I started working with TheWealthCore with a minimum amount of $250. Trading was not successful from the beginning. I use scalping, but because of constant slippages, I not only didn't earn anything but also started incurring losses. The trading platform worked, and the client support answered every once in a while, so I decided to find another broker. I requested a withdrawal, but the money didn't come, no matter how many times I wrote to support. In the end, I achieved nothing, so I can say that TheWealthCore is a scam and a thief.

Avatar
Avatar
Saruli90
39 weeks ago

I used to invest in stocks unsuccessfully, so I gave up on that and switched to trading currencies. A representative from TheWealthCore called me and talked about their innovative company and favorable conditions. At that time, I was working with another broker, but the manager persuaded me to withdraw funds from there and start trading with them. He promised individual conditions with minimal fees if I opened a Platinum account and deposited $50,000. I did just that, and I regretted it many times. The website doesn't work, there's no access to the account, and nobody in support responds to me.

Avatar
Avatar
flixcat
43 weeks ago

The start with the broker seemed promising. I opened a Gold trading account, deposited $10,000, and traded cryptocurrencies. I had enough experience, so I managed to earn well, especially since this broker had low spreads on cryptocurrencies. I didn't withdraw money, and I kept reinvesting all the time, so I faced a problem after three months of trading. I decided to withdraw the earned funds but to leave the starting amount. They canceled my request, and support ignored me. I filed many complaints against the company, but I doubt it will help me get my money back.

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

Articles that may help you

How did Ray Dalio get rich? Top Secrets and Tips
For Beginners
How did Ray Dalio get rich? Top Secrets and Tips
Mikhail Vnuchkov - May 2024
What are Screeners and How to Work With Them
For Beginners
What are Screeners and How to Work With Them
Alex Smith - May 2024
Which broker has the best welcome bonus (2024)?
For Beginners
Which broker has the best welcome bonus (2024)?
Oleg Tkachenko - May 2024
How To Day Trade With Moving Averages
For Beginners
How To Day Trade With Moving Averages
Chinmay Soni - May 2024
What is the World's Biggest Prop Firm?
For Beginners
What is the World's Biggest Prop Firm?
Mikhail Vnuchkov - May 2024
Best International Brokers in India in 2024
For Beginners
Best International Brokers in India in 2024
Chinmay Soni - May 2024
How did Bill Lipschutz make his money? Top Secrets and Tips
For Beginners
How did Bill Lipschutz make his money? Top Secrets and Tips
Chinmay Soni - May 2024
Where do people get signals for forex from?
For Beginners
Where do people get signals for forex from?
Oleg Tkachenko - May 2024
Negative Emotions In Trading And How To Deal With Them
For Beginners
Negative Emotions In Trading And How To Deal With Them
Alex Smith - May 2024

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.

Traders Union Recommends: Choose the Best!

Logo IG Markets
Logo eToro
Open an account
Your capital is at risk. 
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Logo OANDA
Open an account
Your capital is at risk.