Is TheWealthCore regulated in Cyprus?

https://thewealthcore.com     

TheWealthCore is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.

As we tried to access TheWealthCore website through the link you provided, we found the page it directs shows that it is updating, which can be considered as a red flag, suggesting potential issues with this broker's reliability and resources. After all, a functioning website is necessary for a legitimate broker to display essential information and facilitate trading. Furthermore, TheWealthCore, as recorded on our website, claimed to be located in Cyprus. As per Cyprus law, brokers operating in this country must obtain the Cyprus Securities and Exchange Commission (CySEC) for offering financial services or products legally. However, our search for this broker in the CySEC registry didn't yield any results. As such, TheWealthCore is not subject to any effective regulations.

Regarding your question, TheWealthCore is not regulated in Cyprus. It is basically an unregulated broker. Entrusting this broker with your funds is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like TheWealthCore and opt for fully regulated ones instead.