Is The Wealth Core a Legitimate Company to Trade With?

Unfortunately, The Wealth Core is not a trustworthy company to deal with, as they are not registered or regulated by any major regulatory authority, such as the Financial Conduct Authority (FCA).

What Are the Risks of Using The Wealth Core?

The risks involved in using unregulated companies like The Wealth Core include the inability to file a complaint with a credible regulatory authority in case of a dispute.

What Should I Do If I Have Been Scammed by The Wealth Core?

First and foremost, report the incident to your local authority department. If no resolution can be reached, there is still hope to recover your funds from The Wealth Core by attempting to open a chargeback case with your bank or credit card provider.

How Can I Get Help for Filing a Chargeback Case?

Since the process of filing a chargeback case can be relatively complex and time-consuming, we recommend seeking assistance from our partner, MyChargeBack, by completing the form provided on top of the page. In the event of an exceptionally complex case, they may require an upfront fee, as building your case will necessitate initial resources. Otherwise, if successful, MyChargeBack will be compensated by retaining a percentage of the recovered funds from The Wealth Core, typically around 20%.

How Can I Avoid Being Scammed Online?

To prevent falling victim to scams in the future, always ensure that you deal with legitimate companies that are fully regulated by major regulators, such as the FCA, like ForTrade.

The Wealth Core Review | Got Scammed? Get Your Money Back!

Peter McWilliams says:

2 years ago

These people are questionable Brokers? and not an exchange. I lost AUD $93,000 or USD 74,000 (my entire superannuation savings. I had the trading platform (which is fake) operating on an iPhone and on the internet at the same time and was getting different bitcoin buy and sell values on the two machines yet it’s the same platform. Always cross check with a Legitimate exchange to check prices better still don’t use their system.
If you were silly like me and lured by the term Platinum your initial investment is Euro 50,000 (or approx. AUD$93,000 which will do) and you are meant to get all sorts of services, that I didn’t get. I also had to send my investments in the equivalent of AUD$5000 amounts, one to avoid any local regulatory monitoring limits. They send you an e-mail with a link (like https://mt5apps.com/pay5/2EC67F3B) to download what is software are on a recognised website (which after investigation I found out that scammers like thewealthcore use that website to piggy- back on to hack into your systems and get your passwords etc. I had 10,000 taken from a bitcoin account as they used my password which was only taken from my pc.
BE VERY AWARE OF THIS SCAMMING “BROKERAGE” THEY ARE ALSO ON THE UK WATCH LIST OF THE FINANCIAL CONDUCT AUTHORITY (FAC) FOR providing financial services or products in the UK without our authorisation.

I have reported this to the Australian Competition & Consumer Commission (ACCC) in Australia and they have confirmed that “thewealthcore” and its Trading Platform is a SCAM. Repeat It is a SCAM!!! BE WARNED

Some of the scam tactics they use
1.There was a USD$650 spread on the Bitcoin/USD crypto Sell / Buy. Now this to me seems extremely high. Brokers (like thewealthcore) make money from the trader paying the spread meaning the trader pays the ask price when buying and takes the bid price when selling or shorting. The brokers take a piece or spread on each bid and ask price that they quote. I noted that when entering into a trade under thewealthcore trading platform when there was a spread of US$650 that you instantly went into a negative position on every transaction either buy or sell. Meaning you were already in a trading loss and of course you have to be able to recovery that loss before potentially making any profit or you make further losses. When I raised the issue of the large spread. The spread on the trading platform for my account went back to around a spread of USD$1. Funny that!!! Also, in all of the documentation and information provided on their webpage particularly definitions. The term Spread is not clearly defined. Its’s a SCAM
2. They give you trading bonuses to keep you trading while they take you money. The bonus looks good but there is a catch. You can never really cash them in under your account UNLESS you are able to trade 50,000 times the value of the bonus i.e., US$10,000 bonus x 50000 = 500,000,000 in trade value. Now they credited my trading account with US$140,000 in bonuses which in order to get that I needed to do US$7Billion in trades on their platform. Impossible. They can also withdraw the bonus at any time at their total discretion. So, it’s another SCAM.
3.When you send the funds in bitcoin to thewealthcore, they give you an official receipt that acknowledges a deposit in USD (as your trading account operates in USD). They do not disclose the rate they use for converting the bitcoin into USD. The certificate of receipt is factually wrong as they say you have deposited USD when its fact it was bitcoin. They use a statement like the following which is just crap ““I understand that this document has legal power and is required to sign due to policies against money laundering, and with the requirements of international regulatory organizations and all the major credit card companies to prevent fraud and misuse of personal data.” it looks like something official. It just crap. Other legitimate bitcoin exchanges do not make any such statement when depositing funds for investments. Lures you into believing that the operation complies with some regulations. SCAM

By the way just so you know the parties (The customer & thewealthcore) shall be governed by, and interpreted in accordance with, the laws of Saint Vincent and The Grenadines and you irrevocably submit, for the benefit of the Company, to the exclusive jurisdiction of the courts of Saint Vincent and the Grenadines to settle any disputes. Where is it? A southern Caribbean nation comprising a main island, St. Vincent. Its laws are not consumer friendly!!
4. Level of contact When contacted by the Broker in the beginning it was almost daily contact and by the way you cannot contact them, and they use internet phone calling which cannot be traced or recorded via a telco. Then when your money is dwindled away in bad bitcoin transactions the calls between you broker and you become distant with excuses like I’m busy with trade presentation today ring you later, or I’m sick or the family has covid or can’t talk today, to many market briefs (unhappy smiley). when they had scammed everything that I had put into my trading account they didn’t want to return any communication whatsoever even after contacting the service desk.
5. The e-mail conversations start out very professional however over time the language becomes very very friendly like they have been your best friend for life (That’s just a psychological BS! or otherwise known as reciprocity friendship. It’s a false sense of friendship to make you believe you are friends, trusting, honest etc. Language they used was: Thanks Bro; Love you Brother; Love You: Love you mate. It cannot get any sicker than that. Not Professional AT ALL. SCAM
6. You cannot talk to anyone else other than the broker assigned to you (heaven forbid if you do you get a nasty e-mail that you’re only to deal with him) Even when I asked for them to stop trading, they didn’t and the losses on the trading platform continued.
6A. Whilst your password for your trading account is meant to be only know by you. The Broker knows your password in order to do your trades. There is something wrong with that. They also talk about a robot making a nice profit for us. I didn’t sign up for that.
7. Accounting. Even if your account says that you have equity of X dollars, which is not quite right per their understanding of equity. In the example I gave of being given USD$140,000 in bonuses that made my account show an equity balance of USD$47,000 (and this goes to why it is a fake platform), when I ask to withdraw it I was told that the account without the bonuses was in fact in a loss position of USD$93,000 (more than my investment) because I hadn’t fully earnt the bonuses (see point 2 above) which funny (not) enough was roughly more the value of my investment into this SCAM. Any legitimate bitcoin exchange facility would not allow you to trade losses more than what you had invested. But thewealthcore does!!! SCAM
8. If when pressed to withdraw some profits, they do allow you to withdraw (in my case twice) small amounts (approved by the brokers via online request). It gives you a false sense that you are able to withdraw funds when ultimately you cannot. and I had the benefit of having withdrawal level of tier 2 from my platinum membership whatever that meant.

Finally, this is the true reality of dealing with this SCAM, after I had learnt that I had lost everything and could not face telling anyone and my life being at its’ lowest ever I contemplated suicide and going so far as to write a suicide note and my final farewell & made my final will and testament. I didn’t go ahead then in August but after this scam and the losses I made, my embarrassment, feeling worthless, I became even more depressed that I has lost the lot with the help of (by my loving Bro at thewealthcore who now wanted nothing to do with me because there was nothing more to get out of me) I let my health go and my health deteriorated to the point that I went into a full diabetic coma from which I never recovered, I never got to say goodbye to my mum or my real brother and my life support was turned off 15 days after being admitted into hospital. Thewealthcore SCAM is for a large part responsible for my early death at 62.

I BEG YOU NOT TO INVEST IN THIS SCAM CALLED THEWEALTHCORE. LOOK WHAT IT DID TO ME.

anthony says:

2 years ago

DONT GET SCAMED WATCH OUT
So, on the 20 of February after I didn’t hear from my broker Denis in nearly 4 weeks I put in for a withdraw request for $31,600 USD to close my account, on the 21st a guy rang Leo talked for 1 minute about trades I told him I need to withdraw so on and so on. The Wealth Core opens trades using all of the equity 95% leaving me in a negative position with all my money used, who even does that! and then later that day this company puts 50K in as a bonus without even telling me to support their bulls hit trades they opened, they used their money to fix their mistakes. A guy named Tony rings on the 22nd telling me I need to deposit 50K usd to save my account; he goes on to tell me, how I opened these trades, I didn’t even know what USD/NOK even is till Monday.

Now I Have been trading for a while my broker taught me some stuff he said never use bonuses that was our deal how to TP or SL 101 sh.t, 1 of the 2 trades recovered and was closed on a very small profit less then $500 not interested in making the money, it was closed by me which instantly brought the equity back to 75% , all day these trades nearly closed running at 0.5% no equity, I set a TP for 2k on the 2nd trade as it was improving in an effort to get my money back, then somehow it closes at -28K and I am told I didn’t factor in the spread……. FU.CKEN BULL SH IT it should have closed a 2K in profit at no point -28K was set for a close rate, WHICH LEADS ME TO BELIEVE IT IS A SCAM!!! MAKING SURE I DIDN’T GET MY MONEY OUT

I have photos of all of what I have said to be true

when you get a company bonus this is how they lock your money, and you can’t withdraw you need volume and guess what your money becomes lost. Simple really you lose every time

I want my 31600 USD given back like I asked on the 20th before my account was fuc ked with, I am prepared to get on a plane take my ar.se to your office and acquire my money all means necessary, I will post this on every site to let everyone know what really goes on here, I will stop at NOTHING FUC.KEN BANK ON THAT

WHERE ARE YOU DENIS FUC.KEN RING ME MATE YOU KNOW I WILL FUC.KEN BE THERE

Hit me up if you had the same issue I will purchase your plane ticket or for a small fee I will collect your money while I am there email me on info@ b2lc.com.au

I WILL POST DAILY TO LET YOU KNOW THE PROGRESS

Ibolya Madarasz says:

1 year ago

Acting Wealthcore broker named Francis from Cyprus got me to buy bitcoin, oil, all kinds of exchange monies for $65000 the last of my savings, and one day disappeared with all my “invested” money last year.
- Reply
Gerard says:

1 year ago

The wealthcore.com took all my money USD 1000 on 10/05/‘22 through their automatic software platform. Mr Ben Jacobs was my account manager +44 7477 830028. He traded Turkish Terra, GBP and BTC. You can check the closed position. Mr Ben stole money through trading platform from thewealthcore.com on 06/05/‘22.
- Reply
Peter McWilliams says:

2 years ago

These people are questionable Brokers? and not an exchange. I lost AUD $93,000 or USD 74,000 (my entire superannuation savings. I had the trading platform (which is fake) operating on an iPhone and on the internet at the same time and was getting different bitcoin buy and sell values on the two machines yet it’s the same platform. Always cross check with a Legitimate exchange to check prices better still don’t use their system.
If you were silly like me and lured by the term Platinum your initial investment is Euro 50,000 (or approx. AUD$93,000 which will do) and you are meant to get all sorts of services, that I didn’t get. I also had to send my investments in the equivalent of AUD$5000 amounts, one to avoid any local regulatory monitoring limits. They send you an e-mail with a link (like https://mt5apps.com/pay5/2EC67F3B) to download what is software are on a recognised website (which after investigation I found out that scammers like thewealthcore use that website to piggy- back on to hack into your systems and get your passwords etc. I had 10,000 taken from a bitcoin account as they used my password which was only taken from my pc.
BE VERY AWARE OF THIS SCAMMING “BROKERAGE” THEY ARE ALSO ON THE UK WATCH LIST OF THE FINANCIAL CONDUCT AUTHORITY (FAC) FOR providing financial services or products in the UK without our authorisation.

I have reported this to the Australian Competition & Consumer Commission (ACCC) in Australia and they have confirmed that “thewealthcore” and its Trading Platform is a SCAM. Repeat It is a SCAM!!! BE WARNED

Some of the scam tactics they use
1.There was a USD$650 spread on the Bitcoin/USD crypto Sell / Buy. Now this to me seems extremely high. Brokers (like thewealthcore) make money from the trader paying the spread meaning the trader pays the ask price when buying and takes the bid price when selling or shorting. The brokers take a piece or spread on each bid and ask price that they quote. I noted that when entering into a trade under thewealthcore trading platform when there was a spread of US$650 that you instantly went into a negative position on every transaction either buy or sell. Meaning you were already in a trading loss and of course you have to be able to recovery that loss before potentially making any profit or you make further losses. When I raised the issue of the large spread. The spread on the trading platform for my account went back to around a spread of USD$1. Funny that!!! Also, in all of the documentation and information provided on their webpage particularly definitions. The term Spread is not clearly defined. Its’s a SCAM
2. They give you trading bonuses to keep you trading while they take you money. The bonus looks good but there is a catch. You can never really cash them in under your account UNLESS you are able to trade 50,000 times the value of the bonus i.e., US$10,000 bonus x 50000 = 500,000,000 in trade value. Now they credited my trading account with US$140,000 in bonuses which in order to get that I needed to do US$7Billion in trades on their platform. Impossible. They can also withdraw the bonus at any time at their total discretion. So, it’s another SCAM.
3.When you send the funds in bitcoin to thewealthcore, they give you an official receipt that acknowledges a deposit in USD (as your trading account operates in USD). They do not disclose the rate they use for converting the bitcoin into USD. The certificate of receipt is factually wrong as they say you have deposited USD when its fact it was bitcoin. They use a statement like the following which is just crap ““I understand that this document has legal power and is required to sign due to policies against money laundering, and with the requirements of international regulatory organizations and all the major credit card companies to prevent fraud and misuse of personal data.” it looks like something official. It just crap. Other legitimate bitcoin exchanges do not make any such statement when depositing funds for investments. Lures you into believing that the operation complies with some regulations. SCAM

By the way just so you know the parties (The customer & thewealthcore) shall be governed by, and interpreted in accordance with, the laws of Saint Vincent and The Grenadines and you irrevocably submit, for the benefit of the Company, to the exclusive jurisdiction of the courts of Saint Vincent and the Grenadines to settle any disputes. Where is it? A southern Caribbean nation comprising a main island, St. Vincent. Its laws are not consumer friendly!!
4. Level of contact When contacted by the Broker in the beginning it was almost daily contact and by the way you cannot contact them, and they use internet phone calling which cannot be traced or recorded via a telco. Then when your money is dwindled away in bad bitcoin transactions the calls between you broker and you become distant with excuses like I’m busy with trade presentation today ring you later, or I’m sick or the family has covid or can’t talk today, to many market briefs (unhappy smiley). when they had scammed everything that I had put into my trading account they didn’t want to return any communication whatsoever even after contacting the service desk.
5. The e-mail conversations start out very professional however over time the language becomes very very friendly like they have been your best friend for life (That’s just a psychological BS! or otherwise known as reciprocity friendship. It’s a false sense of friendship to make you believe you are friends, trusting, honest etc. Language they used was: Thanks Bro; Love you Brother; Love You: Love you mate. It cannot get any sicker than that. Not Professional AT ALL. SCAM
6. You cannot talk to anyone else other than the broker assigned to you (heaven forbid if you do you get a nasty e-mail that you’re only to deal with him) Even when I asked for them to stop trading, they didn’t and the losses on the trading platform continued.
6A. Whilst your password for your trading account is meant to be only know by you. The Broker knows your password in order to do your trades. There is something wrong with that. They also talk about a robot making a nice profit for us. I didn’t sign up for that.
7. Accounting. Even if your account says that you have equity of X dollars, which is not quite right per their understanding of equity. In the example I gave of being given USD$140,000 in bonuses that made my account show an equity balance of USD$47,000 (and this goes to why it is a fake platform), when I ask to withdraw it I was told that the account without the bonuses was in fact in a loss position of USD$93,000 (more than my investment) because I hadn’t fully earnt the bonuses (see point 2 above) which funny (not) enough was roughly more the value of my investment into this SCAM. Any legitimate bitcoin exchange facility would not allow you to trade losses more than what you had invested. But thewealthcore does!!! SCAM
8. If when pressed to withdraw some profits, they do allow you to withdraw (in my case twice) small amounts (approved by the brokers via online request). It gives you a false sense that you are able to withdraw funds when ultimately you cannot. and I had the benefit of having withdrawal level of tier 2 from my platinum membership whatever that meant.

Finally, this is the true reality of dealing with this SCAM, after I had learnt that I had lost everything and could not face telling anyone and my life being at its’ lowest ever I contemplated suicide and going so far as to write a suicide note and my final farewell & made my final will and testament. I didn’t go ahead then in August but after this scam and the losses I made, my embarrassment, feeling worthless, I became even more depressed that I has lost the lot with the help of (by my loving Bro at thewealthcore who now wanted nothing to do with me because there was nothing more to get out of me) I let my health go and my health deteriorated to the point that I went into a full diabetic coma from which I never recovered, I never got to say goodbye to my mum or my real brother and my life support was turned off 15 days after being admitted into hospital. Thewealthcore SCAM is for a large part responsible for my early death at 62.

I BEG YOU NOT TO INVEST IN THIS SCAM CALLED THEWEALTHCORE. LOOK WHAT IT DID TO ME.
- Reply
anthony says:

2 years ago

DONT GET SCAMED WATCH OUT
So, on the 20 of February after I didn’t hear from my broker Denis in nearly 4 weeks I put in for a withdraw request for $31,600 USD to close my account, on the 21st a guy rang Leo talked for 1 minute about trades I told him I need to withdraw so on and so on. The Wealth Core opens trades using all of the equity 95% leaving me in a negative position with all my money used, who even does that! and then later that day this company puts 50K in as a bonus without even telling me to support their bulls hit trades they opened, they used their money to fix their mistakes. A guy named Tony rings on the 22nd telling me I need to deposit 50K usd to save my account; he goes on to tell me, how I opened these trades, I didn’t even know what USD/NOK even is till Monday.

Now I Have been trading for a while my broker taught me some stuff he said never use bonuses that was our deal how to TP or SL 101 sh.t, 1 of the 2 trades recovered and was closed on a very small profit less then $500 not interested in making the money, it was closed by me which instantly brought the equity back to 75% , all day these trades nearly closed running at 0.5% no equity, I set a TP for 2k on the 2nd trade as it was improving in an effort to get my money back, then somehow it closes at -28K and I am told I didn’t factor in the spread……. FU.CKEN BULL SH IT it should have closed a 2K in profit at no point -28K was set for a close rate, WHICH LEADS ME TO BELIEVE IT IS A SCAM!!! MAKING SURE I DIDN’T GET MY MONEY OUT

I have photos of all of what I have said to be true

when you get a company bonus this is how they lock your money, and you can’t withdraw you need volume and guess what your money becomes lost. Simple really you lose every time

I want my 31600 USD given back like I asked on the 20th before my account was fuc ked with, I am prepared to get on a plane take my ar.se to your office and acquire my money all means necessary, I will post this on every site to let everyone know what really goes on here, I will stop at NOTHING FUC.KEN BANK ON THAT

WHERE ARE YOU DENIS FUC.KEN RING ME MATE YOU KNOW I WILL FUC.KEN BE THERE

Hit me up if you had the same issue I will purchase your plane ticket or for a small fee I will collect your money while I am there email me on info@ b2lc.com.au

I WILL POST DAILY TO LET YOU KNOW THE PROGRESS
- Reply

🌐 Website	thewealthcore.com
🏠 Company	The Wealth core Ltd
📌 Address	23 Stasinou Street, 2nd and 3rd floor Engomi, Nicosia 2404 Cyprus
☎️ Phone	+441518081285 +61879148402
📧 Email	support@thewealthcore.com compliance@thewealthcore.com
⚖️ Regulation	Unregulated, Blacklisted

The Wealth Core Review

Table Of Contents

The Wealth Core Warnings

The Wealth Core Details

Traders Opinion

How To Withdraw From The Wealth Core?

Is The Wealth Core Legit or a Scam?

How Online Trading Scams Work?

More info about trading scams:

Got Scammed by The Wealth Core?

Chargeback Is Your Solution!

How To Get a Chargeback From The Wealth Core

FAQs

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Ibolya Madarasz says:

Gerard says:

Peter McWilliams says:

anthony says: