　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

Feature	Detail
Regulation	No Regulation
Market Instrument	forex, precious metals, stock indices, WTI and bonds
Account Type	Micro, Standard, Premium and VIP
Demo Account	yes
Maximum Leverage	1:500
Spread	Micro & Standard: from 1 pip \| Premium: from 0.6 pips \| VIP: from 0.2 pips
Commission	Micro & Standard: no \| Premium & VIP: $6/€5 per round-turn standard lot
Trading Platform	Webtrader
Minimum Deposit	€200
Deposit & Withdrawal Method	bank transfers and credit/debit cards

　　WAM-Capital, a trading name of Gabioni Limited, is allegedly a forex broker registered in Australia and founded in 2021 that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.2 pips on a Webtrader trading platform via four different live account types. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that WAM-Capital currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.18/10. Please be aware of the risk.

　　Market Instruments

　　WAM-Capital advertises that it offers access to a wide range of trading instruments in financial markets, including forex, precious metals, stock indices, WTI and bonds.

　　Account Types

　　Apart from demo accounts, WAM-Capital claims to offer four types of trading accounts, namely Micro, Standard, Premium and VIP. The minimum amount to open the basic account type (Micro account) is €200. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Leverage

　　The leverage provided by WAM-Capital is adjusted based on the account type. Clients on the Micro account can enjoy the maximum leverage of 1:500, while the other three account types can experience leverage of 1:300, 1:100 and 1:100 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

　　Spreads & Commissions

　　All spreads with WAM-Capital are a floating type and scaled with the accounts offered. For example, the spread starts from1 pip on the Micro and Standard accounts, from 0.6 pips on the Premium account and 0.2 pips on the VIP account. As for the commission, there are no commissions on the Micro and Standard accounts, while $6/€5 per round-turn standard lot for the Premium and VIP accounts.

　　Trading Platform Available

　　Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, WAM-Capital gives traders a Webtrader. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

　　Deposit & Withdrawal

　　WAM-Capital accepts deposits and withdrawals via bank transfers and credit/debit cards like Visa and MasterCard. While the logos on their website shows more payment options, but not available. The minimum initial deposit requirement is said to be €200. The broker says that no deposit fees are charged.

　　The time it takes for the money to reach your bank account that has been used to deposit funds may vary (usually up to 5 business days). Note that it might take longer for withdrawals to bank accounts due to the additional security procedures in force.

　　Bonuses & Fees

　　WAM-Capital offers some bonuses, however, the bonus is not available for withdrawal unless they are explicitly agreed upon. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

　　Also, if there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for at least 6 months or more, the broker will block the account.

　　Customer Support

　　WAM-Capital‘s customer support can be reached by email: mail@wamcapital.co or send messages online to get in touch. Company address: 120 Collins St, Melbourne, VIC 3000, Australia. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

　　Pros & Cons

Pros	Cons
• Multiple instruments and account types offered	• No regulation
• Demo accounts available	• Commission charged
• Variable spreads from 0.2 pips	• High minimum deposit required (€200)

　　Frequently Asked Questions (FAQs)

Q 1:	Is WAM-Capital regulated？
A 1:	No. It has been verified that WAM-Capital currently has no valid regulation.

Q 2:	Does WAM-Capital offer demo accounts？
A 2:	Yes.

Q 3:	Does WAM-Capital offer the industry-standard MT4 & MT5？
A 3:	No. Instead, WAM-Capital offers a Webtrader.

Q 4:	What is the minimum deposit for WAM-Capital？
A 4:	The minimum initial deposit at WAM-Capital is €200.

Q 5:	Does WAM-Capital charge a fee？
A 5:	Like every forex broker, WAM-Capital charges a fee when you trade - either in the form of a commission fee or spread fee. No deposit fees are charged while withdrawal fees are not involved.

Q 6:	Is WAM-Capital a good broker for beginners？
A 6:	No. WAM-Capital is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit and lack of transparency.

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