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WAM Capital Review: Wam-capital.co Beware of this Scam

WAM Capital Review: Wam-capital.co Beware of this Scam

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WAM Capital claims that it is the largest Meta Trader broker in the market. The platform claims that it researches on behalf of their clients. Unfortunately, this is an offshore company that can disappear from the industry whenever they please.

Moreover, this scam also brags that it is the best forex broker. The information is misleading and incorrect. The platform lacks transparency, and the features that it showcases proves that this fraudulent venture.

WAM Capital is a trading company surrounded by multiple red flags. The broker falsely claims that it is operating as per the jurisdiction that has been set aside. The platform claims that it is offering the best trading platform in the industry.

Sadly, this is not a unique feature as regulated forex brokers offer the same interface. The Meta Traders allows you to keep an eye on various currency pairs in the market.

The suspicious offshore firm states that it is offering the fastest trade execution to investors. They send signals to investors with the best trading orders. They also claim that in case of a bad outcome in your trading activity, the platform will close the trading positions to ensure you do not suffer more risk.

Wam-capital.co Review

The platform has four trading accounts. WAM Capital is a company that does not feature any data regarding the founder. They also don’t include their team on the information available on their website.

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We can only see red flags with this scam. Moreover, they do not have trading results. The offshore entity is asking for critical data from investors. They require clients to share crucial personal details.

The offshore platform can use the information against their clients. The chances of selling the data to a third party are very high. Moreover, WAM Capital does not have a trading history. The information available is not adequate. Therefore, trading with this broker will cost you money.

WAM Capital Review, WAM Capital Platform

The company does not provide much information to create trust with traders. The only thing that they brag about is their MT4. It is not a unique thing since better competitors are in the market.

WAM Capital claims that everything is straightforward in its entity. Their ghost team is allegedly qualified and dedicated to helping traders. However, it is naïve to trust what you haven’t verified.

Customer Support

WAM Capital claims that it has 24/5 customer support services. You can, therefore, trade conveniently without worrying.  Telephone support is only available to top tier traders. Every trader should be treated equally.

It is not professional that the entity is only providing such an opportunity to some investors. The platform office address is at 120 Collins St, Melbourne, VIC 3000, Australia. To contact them, you can reach them by email. You can also fill up the contact form, which is available on their website.

Available Trading Platform

WAM Capital claims that it is a Meta Trader company. We assumed they would be offering both MT4 and MT5 platforms. Unfortunately, it is only the MT4 available. The entity also has a demo account.

Demo accounts are ideal for testing how the entity works. However, scammers can manipulate the simulations. Therefore, the outcome you attain in the demo account will be different when you conduct live trading.

There are legit forex brokers that are offering the MT4 and MT5 interface. There is nothing exceptional about WAM Capital. The platform is ideal for the majority of investors. It also has attractive features that will help you to trade with ease.

Trading Conditions

WAM Capital is a company that is offering lucrative leverage for traders. The maximum leverage that you can get is 1:500. It is important to note that this could go both ways. Offshore brokers offer such deals to win over clients.

Regulatory bodies cap the leverage from 1:30 up to 1:50. The currency pair of EURUSD is 1.5 pips. If you are a newbie, stick to low leverage, it will protect you from huge risks. Expert traders are the ones with high-risk appetite and skills in the market.

Withdrawal and Deposits

WAM Capital is accepting funds via Wire Transfers, Debit, and Credit cards. The least amount of money that you can cash in is 200 EUR. Moreover, you also need to fund your account with a starting amount of 250 EUR.

Investors can cash out any amount they please because they do not have the least withdrawable amount. A withdrawal request will be processed within a period of 2 to 5 business days.

WAM Capital does not have trading bonuses. Nonetheless, the platform has an indebted account. Therefore, traders can lose more funds than they had initially deposited. The regulatory bodies are against this form of trading. Avoid this scam to avoid losing money.

WAM Capital Regulation Status

The company falsely claims that they are licensed by ASIC regulatory body. The information is far away from the truth. The platform claims that Gabioni Limited is supervising it. Unfortunately, there is no available data regarding this corporate.

WAM Capital has only put up this information for credibility purposes. Sadly, there is no corporate by this name that operates the scam. Additionally, the platform is using a credential of a licensed company by ASIC.

However, you should note that there is no relation between these two ventures. The broker is an outlaw that is operating illegally. You should not waste time with this Ponzi scheme. They are trying very hard to stay relevant in the market.

WAM Capital misleads the public by using false information. It is difficult to know what the firm is hiding. Make sure that you only engage with a licensed company. Your money and data will be secure in legit trading companies.

The Domain Insight

The wam-capital.co is a company that was registered in September 2020. It will expire in the same year the year 2021. A short domain means a shorter lifespan. Considering that this entity is not regulated, there is a high possibility of them exiting the market. Their domain name is not popular. They have traffic from 8,915,471.

Final Verdict

The forex trading broker is a scam. The company is lying about almost everything. WAM Capital claims that it has a better trading algorithm. Additionally, they also brag about their affordable pricing.

The platform is an extortion entity that is only after investors’ funds. The broker is not offering protection to traders. Avoid offshore brokers because when they disappear from the market, there is no opportunity to get your money back.

Invest with the best forex trading software company that has the best trading deals for traders. You will rest peacefully when you have the guarantee that your money is in a secure company. They are also transparent and regulated.

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