Despite the recent media spotlight, the Forex industry still remains intimidating for beginners. This is why many brands in the industry have started advertising as being beginner-friendly. The legitimacy of these claims varies drastically from one broker to another. The Wealth Core praises itself as being built by industry veterans with the needs of all traders in mind. We wanted to test these claims for ourselves and determine once and for all whether this brokerage is deserving of your time and money.
The first thing you notice with The Wealth Core is the absence of any extravagant design. Everything is put together with purpose and elegance. They put emphasis only on their top features and let you figure out the rest. This minimalistic design might not appeal to everyone, but it is definitely a breath of fresh air in this industry, and we applaud it. Everything can be easily located within a click or two, and it is precisely this approach that will attract novice traders. Read our full review to learn whether there is some substance below the surface.
What Can You Trade With The Wealth Core
We have to emphasise right from the start just how excellent our trading experience really was. From the moment we first saw the trading platform we were taken aback by how the entire trading experience is carefully designed to maximise your time and resources. You can build your portfolio with more than 200 available assets that are neatly organized into several categories including Forex, Stocks, Crypto and more. Browsing them can be done easily within the platform. Each asset holds a small preview screen that holds vital information such as buy and sells price. You can also see the overall change in performance since the last session. Thanks to this, you can easily make adjustments to your portfolio on the go.
Speaking of that, one of the best features of this platform is that it is entirely web-based. This means that you are not bound by your office and your computer, but rather can trade from anywhere using pretty much any device that has an internet connection. This flexibility is greatly appreciated, especially in this industry. Another thing that we loved is the real-time performance monitor. It allows you to view any assets’ present and past performance. You can interact with these, using one of many available tools, to help you make better-informed decisions. The tools on offer give you the power to recognize and even predict future trends. To do that, you are also required to have a certain knowledge of this industry, and luckily, The Wealth Core provides that as well.
The Wealth Core Trading Accounts Offered
The Wealth Core offers a healthy balance of account types to really feel attractive to beginners. You can start with just €250 and get full access to the platform and all of its features. All 200+ assets are available, and you also get leverage of up to 100 and even a daily market review to keep you up to date with the latest market news. This is a good starting point for those who are still unsure about their future career as a trader. You can get a good feeling of the market and your capabilities without spending a fortune.
On the other hand, if you have more confidence in your skills, there are three more account types that are more suitable to intermediate and advanced traders. These require higher investments (€10,000+) but offer much more in return. The list of perks increases with each tier, and it includes dedicated senior account managers, improved leverages and spreads, trading signals, financial and risk management planning, special venture promotions, trade room analysis and much more. If you want to be sure what your selected account type gets you, be sure to check The Wealth Core “Account types” page. There is even a VIP tier that is invitational only. It has the best possible trading conditions and for high volume traders, it is one of the best deals in the market.
The Wealth Core Financial Withdrawal and Funding Methods
Making deposits and withdrawals at The Wealth Core is simple enough because it relies on the banking system. This provides a high level of security, which is great because you can never be too careful when dealing with money. If you have a credit or debit card, you can fund your account. Alternatively, you can also use wire transfers. Deposits are almost instant, while the waiting times for withdrawals can vary, but mostly due to your bank and its policies. We always advise going through the legal documentation ahead of time, just to save yourself from headaches in the future.
Education Resources at The Wealth Core
The Wealth Core invested heavily in educating its traders. This is one of the key reasons it is so widely adopted by inexperienced traders worldwide. There is plenty of content that can take you from a complete rookie to an experienced trader in just a few weeks. Some content can even be accessed before even opening an account. Granted, this is complete beginner stuff, but it is very useful to those about to make their first steps in this industry.
The education centre on the website consists of the Glossary, Asset index and the FAQ page. These are intended to provide you with the essentials. You can learn the basic terminology and industry basics. Once you are done with this, you can move on to the eBooks sections that cover a wide range of useful topics that include everything from trader psychology to trader strategy. Later on, depending on what account tier you select, you can access more advanced content in the form of webinars, trading signals and more. These can seriously elevate your trading skills, and with enough practice, you have everything you need to start your trading career.
Customer Support at The Wealth Core
Ok, let us talk customer support for a second. You are bound to encounter some issues at some point. When that moment comes, you’d be happy to know that The Wealth Core offers excellent support. There are numerous channels, so feel free to pick based on your own preference. You can write emails or contact the call centre. Both work equally good, so you can expect to get a good response regardless of what you choose. The only thing to keep in mind is the working hours. Their representatives are available Monday to Thursday 03:00 – 00:00 AM GMT, Friday 03:00 – 15:00 GMT and on Sunday 15:30 – 00:00 GMT.
Is The Wealth Core a Good Trader?
If you are unsure what your next move should be, based on our experiences, The Wealth Core is an excellent choice for traders of all levels. Despite being around for just a few years, you can only hear good things about them on the internet. The best advice we can give you is to try them out for yourself and experience what this brokerage can offer for you. Be sure to check some of our other reviews as well in your search for the next brokerage to trade with.