TheWealthCore is a trading company that focuses on safety and security for its clients. Nowadays, we are all witnesses of a trading environment that is uncertain, which makes it easy to fall into a trap and be scammed out of your profits. If you are reading this and trying to see whether TheWealthCore is a scam, you are on the right page. Our TheWealthCore review will show you everything about this company in detail.
As you know, it is for every trading company to provide financial stability to its customers, improving their portfolios. Unfortunately, we cannot say that TheWealthCore excels in this manner – in fact, many customers have reported it as a potential playground for malicious activities.
Is TheWealthCore Trading Platform Legit?
Many customers say that TheWealthCore is a great platform because of the prestigious service and departments that are present to help customers make the most out of their trading. Even if you are a complete newbie, many TheWealthCore reviews show that the platform is great for minimizing risk and starting small. Later on, you can think bigger and act accordingly. However, TheWealthCore is not legit – to find out why continue reading this review.
The general TheWealthCore review is that the trading company has a specific set of terms and conditions that might work for some but might not be the right thing for others. The brokers are apparently knowledgeable and always ready to help clients with the services they are looking for.
When it comes to the actual trading tools on TheWealthCore as a platform, the overall look is that they are reliable and simple – trusted by many to help the traders make the right decisions. As such, the platform is used by hundreds of users daily and promotes a solid earning potential.
The next part of our TheWealthCore review is anonymity, which is another good thing about this trading platform. With it, you can be safe knowing that your personal information is secure and not shared with anyone.
TheWealthCore Account Types
As you can see from the image below, the platform also offers four main account types with different features under each, marketing its “VIP” as an invitation-only account type.
Now, let’s look at the deposit and withdrawal options and, based on TheWealthCore review, show you how easy it is to deposit and withdraw money from this online trading platform.
TheWealthCore Deposit/Withdrawal Options + Fees
As the TheWealthCore website shows, the minimum deposit is USD 250 with leverage of up to 1:100 and three main ways you can fund your account. The leverage can rise up to 1:400. You can fund your account either by a bank card, wire transfer, or virtual currency transfer. Once or during you do that, you will be overwhelmed by calls.
Talking to someone random on the phone about withdrawals or adding card information doesn’t seem right, and while the agents may be doing their best to keep you online, TheWealthCore is a pure scam where you won’t get any benefit. Instead, you will deal with yet another scammy broker who will act aggressively.
As for withdrawal, the process is suspicious as it takes too long to withdraw – up to 10 working days if you are lucky. The fees are also unacceptable, which clearly indicates that TheWealthCore is a scam and will do everything so that you don’t pull your money away from it. Just to give you some perspective, there is a withdrawal fee of 1% with a minimum of 30 USD/GBP/EUR and a maximum fee of 300 USD/GBP/USD.
The Truth About TheWealthCore – It’s A Scam
The broker claims to advertise one of the most reputable trading platforms out there, but it is not easy to find a TheWealthCore review online that supports that claim. Once we got our hands on it, we realized that it was simply not true, and the results are not as promised. So, it is easy to question where TheWealthCore takes these claims from and how do they estimate their online reputation.
Our team of traders wrote their brief TheWealthCore reviews after using the platform, and the overall outlook was that the trading platform doesn’t produce enough results, and it is not easy to trade with assets as it is on many other platforms. If you sign up, you will also be contacted by different numbers, which makes the process very hectic. The sales managers at TheWealthCore are apparently trying to hard sell the platform to more and more users.
So, the main impression after using this trading platform and one that we would love to stick to this TheWealthCore review is that the platform looks like a typical call center scam, where you sign up and are bombarded with phone calls afterward. No trader would want that, and these aggressive methods can only make people go away from the platform.
How Is TheWealthCore Regulated?
If you are wondering how TheWealthCore is regulated, you should know that there is not much provided on the website. There isn’t an address, and the ownership of the trading platform is hidden, which makes TheWealthCore a scam or at least associates it with similar scam call centers. Therefore, most TheWealthCore reviews show that the platform is meant to deceive traders with little or no experience who want to become rich trading assets overnight.
So, choosing to put your money into TheWealthCore is a potential risk you should be aware of. Instead of that, you should always carefully look for brokers that are regulated within the EU and UK so that they comply with all rules and are in favor of the traders. From what we can conclude in our TheWealthCore review, this platform is not like that.
What About the Safety Of Funds?
If you are worried about your invested funds into the TheWealthCore trading platform, you should know that there is no legislation that protects you. In other words, TheWealthCore is a scam and is illegal, so even if you don’t get your money back after investing, you have no grounds to sue them or ask for withdrawals. That is why it is best to avoid TheWealthCore altogether from the start and focus your attention on regulated trading platforms.
So, Is TheWealthCore A Scam?
Unfortunately, it looks like TheWealthCore is a scam. After looking at all the above-mentioned criteria and reading all of the TheWealthCore reviews across different review sites, we can see that this platform is one of the many that try to capitalize on users’ goodwill without being regulated or offering them proven ways to trade and earn money online.
However, there are plenty of newbies and people who don’t read TheWealthCore reviews online, which is why you need to always know where you are putting your money. The scam is something like criminal activity – scammers from the site will try to take your money and make you deposit, without ever giving you a chance to withdraw your money back. While you will feel like you have full control over your TheWealthCore trading account, the scam is real and with all the bonuses and promises, you will be tempted not to withdraw anything from the platform.
How Does TheWealthCore Scam People?
We don’t advise you to trust this platform based on the detailed TheWealthCore review above. While there is no official warning issued against the platform, people are reporting that their aggressive approach made them lose their money. The scam is similar to call center scams contacting prospective traders and taking their money.
TheWealthCore reviews show that this platform became popular with the scam, and their scammers incorporating the various call center techniques only shows that they are hungry for stealing more money off of their traders’ backs.
There is even a video showing how TheWealthCore is a scam – see it below.
What To Do When You Are Scammed From TheWealthCore?
First of all, don’t panic. Everyone can be a victim of a scam, and it’s really imporant to learn how to protect yourself from further scams. The TheWealthCore scam is too good to be true, which is why people fall for it. If you can, try contacting your bank and explaining your situation, and they will give you instructions to follow and get help.
In any case, don’t try to add more funds to your account or experiment. Be responsible and share that you have been scammed by TheWealthCore online so that other people won’t fall into the trap.
Lastly, make sure to only work with registered trading brokers that do not have too many scam signs. Do thorough research, read reviews, and be up-to-date with information. If the platform is regulated and has good reviews, it’s a sign that you can be sure investing money in it.