Wam-Capital -Overview of Minimum Deposit, Spreads & Leverage
Abstract：Wam-Capital is advertised as an Australian forex broker, providing its customers with supreme trading platforms and seamless trading experience. It offers leverage as high as 1:500, quite low spreads on 300+ trading assets, as well as a choice of four account types specially designed for different traders.
General Information
Wam-Capital is advertised as an Australian forex broker, providing its customers with supreme trading platforms and seamless trading experience. It offers leverage as high as 1:500, quite low spreads on 300+ trading assets, as well as a choice of four account types specially designed for different traders.
Market Instruments
WAM-Capital advertises that it offers more than 300 trading instruments, consist of forex pairs and CFDs on stocks, indices, commodities and etc.
Account Types
There are four trading account types provided by WAM-Capital, which include Micro, Standard, Premium and VIP, with the minimum deposit requirements of $/€250, $/€2,500, $/€25,000 and $/€100,000 respectively.
Leverage
Different account types are equipped with the different maximum leverage. The maximum leverage in the Micro account is up to 1:500, the Standard account is 1:300, while the Premium and VIP account are both 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads
According to WAM-Capitals website, we understood that spreads are significantly affected by what type of accounts you are holding. The spreads in the Micro and Standard accounts start from 1 pip, the Premium account from 0.6 pips, and the VIP account from 0.2 pips.
Trading Platform Available
When it comes to trading platforms available,WAM-Capital gives traders the only choice of MetaTrader4. MT4, one of the most popular and user-friendly forex trading platform in the world, has its own marketplace and provides various sophisticated trading tools that can be used by the traders like Expert Advisors, Automated Trading tools, Complex indicators and more.
Deposit & Withdrawal
WAM-Capital accepts deposit via Wire Transfers and Credit/Debit cards like VISA and MasterCard, while withdrawal can only be through wire transfer. The minimum initial deposit is €200 or the equivalent in other currency, while there is no minimum withdrawal amount.
Customer Support
WAM-Capitals customer support can be reached through email: mail@wam-capital.co, website: www.wam-capital.co. More other detailed contact information like telephone and company address are not available.
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