What is WAM-Capital?
WAM-Capital is a forex and CFD broker based in Australia, listed with a foundation year of 2021. It offers leverage up to 1:2, spreads from 0.0 pips and a minimum deposit of $10. Clients trade on WAM-Capital for desktop, smartphone, tablet, and WebTerminal and on mobile.
WAM-Capital is an online trading broker that trades on Forex, Stock Indices, Bonds, and Precious Metals. This broker is based on its own trading platform named WAM-Capital. This has trading software for desktops and Smartphones. Besides having software, this broker is also available as a webtrader.
WAM-Capital has both live and demo training accounts. There are four types of live trading accounts. All of these accounts have the base currency of USD and EUR. All these accounts are based on the Webtrader platform. All of these accounts are fifth decimal supported. The Micro account has the maximum Leverage at 1;500, the Standard account has 1:300, and the Premium account and the VIP account have the leverage of 1:100. The Micro account and the standard account don’t support mobile trading while the premium account and the VIP account support mobile trading or phone trading. There is no commission in the Micro account and the Standard account. But the commission charges on the Premium account and VIP account are $6/€5 per round turn standard lot. The Margin call on the Micro account is 40% and 50% on the Standard account, Premium account, and VIP accounts. The stop-out level on the Standard, Premium, and VIP accounts is at 10%. On the other hand, the stop-out level on the Micro account is 20%.
The Micro account is only available for Forex Trading. The standard account is available for Forex, Indices, and Commodities trading. The Premium account and the VIP account are for trading on Forex, Stocks, Indices, and Commodities. The fund management is not available on the Micro and Standard account. But, it is available on Premium, and VIP accounts.
Is WAM-Capital safe and regulated?
WAM-Capital is regulated by WAM-Capital has no regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
WAM-Capital account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $10 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
WAM-Capital provides WAM-Capital for desktop, smartphone, tablet, and WebTerminal, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:2 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
WAM-Capital supports 9 funding methods, including Visa, MasterCard, Bank Transfers, Skrill, Neteller, dotpay and more. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
WAM-Capital bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current WAM-Capital promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the WAM-Capital website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
WAM-Capital pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 9 deposit methods
- Low minimum deposit of $10
Cons
- Only offshore regulation
- No investor compensation scheme
- WAM-Capital for desktop, smartphone, tablet, and WebTerminal only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a WAM-Capital account
- RegisterVisit the WAM-Capital website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $10 with Visa, MasterCard, Bank Transfers or another method.
- Start tradingLog in to WAM-Capital for desktop, smartphone, tablet, and WebTerminal or the mobile app and set your risk per trade.
Is WAM-Capital a good broker? Our verdict
WAM-Capital suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.