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Berndale Capital
https://www.berndalecapital.com/
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Licensed Entity:BERNDALE CAPITAL SECURITIES PTY LTD
License No. 000290108
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
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Website
berndalecapital.com
101.0.119.240Server LocationAustralia
ICP registration--Most visited countries/areasAustralia
Domain Effective Date0001-01-01WebsiteWHOIS.TPPWHOLESALE.COM.AUCompanyTPP WHOLESALE PTY LTD
Company Summary
General Information & Regulation
Berndale Capital is an online provider of forex trading services based in Australia, offering 24/5 customer services. Berndale Capital used to be authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number: 290108. However, in November 2018, ASIC cancelled Berndale Capital's Australia Financial service license.
Market Instruments
Berndale Capital's investors are offered a range of financial instruments, including more than 50 Forex currency pairs, commodities (crude oil, gold, silver), indices CFDs, cryptocurrencies.
Minimum Deposit
To meet the needs of different investors and their trading experience, Berndale Capital offers four different types of accounts: STP Trading Accounts (minimum deposit of $25), STP Plus Accounts (minimum deposit of $200), ECN Pro Accounts (minimum initial deposit of $2,500), and Institutional Plus Accounts.
Berndale Capital Leverage
In regard to trading leverage, the maximum trading leverage offered by Berndale Capital is up to 1:500 for forex instruments. As margin trading is full of risks, inexperienced traders are not advised to use such high trading leverage.
Spreads & Commissions
The spreads on STP Pro accounts start at 0.9 pips, and no commission is charged. STP Plus Accounts begin at 0.0 pips and a commission of $3.50 per $100,000 traded. ECN Pro Accounts start at 0.0 pips and a commission of $2.50 per $100,000 traded. The minimum spreads for Institutional Plus Accounts start from 0.0 pips, and commissions are tailored according to the client's trading volume.
Trading Platform
Berndale Capital offers traders the market-leading and highly acclaimed MT4 trading platform, as well as the MT4 mobile trading software, making it easy for traders to trade anywhere, anytime. MT4 trading platform allows traders of all levels to develop their trading strategies to help them run ahead in the financial markets.
Deposit & withdrawal
Berndale Capital offers traders various convenient ways to deposit and withdraw funds, mainly via wire transfer, American Express, Visa, MasterCard, Skrill, NETELLER, POLi, etc. Traders can deposit funds in Australian dollars without paying any fees. Credit card deposits are subject to a 1.5% fee, depending on the card issuer. For Skrill and NETELLER deposit and withdrawal fees, please consult these payment providers.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Market Maker (MM) Revoked
- High potential risk
User Reviews 6
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FX8377062442
Australia
I had proposed the withdrawal request but got no reply after days. And I have sent many Berndale mails and got no response.
Exposure
+我USDTFX
Hong Kong
Unable to withdraw in Berndale Capital ,which has collapsed.
Exposure
FX5079446523
Hong Kong
I opened an ECN account on Berndale Capital with a number of 2096852678 on August 16th. They promised me they won’t fuck up my orders before I deposited $6000. I earned $3310 during that time. Then I withdrew $1500. After then I’ve been trading under the guidance of their customer manager and withdrew $3000 again. Ever since September 3rd, the withdrawal process became troublesome. I urged them but they said I violated their rules. I’ve all the evidence to prove my legitimacy of trading. I want them give my money back!
Exposure
FX1188634618
Australia
Do not trade here, this company is a total scam. The wikifx staff did a field investigation and it has no office at the address. You can also see on this website that there are still many victims.
Positive
FX8769955192
Hong Kong
I can’t withdraw my profit on Berndale Capital. They even banned my account.
Exposure
FX5079446523
Hong Kong
I opened an ECN account (MT4 account 2,096,852,678) on Berndale Capital on August 16th. I asked the account manager if I could make orders based on data before I opened an account. After I got a positive reply, I deposited 6000 dollars and started to trade. I made a order based on the data, and earned 3,310 yuan. After that, I withdrew 1,500 dollars and the money arrived (they didn't accused me of illegal trading at this time). After that, I made orders according to the requirements of the account manager, and then I withdrew 3,000 dollars and the money arrived(they didn't accused me of illegal trading). But money withdrawing was not smooth from September 3. I asked the account manager to urge the withdrawing process several times. As a result, the company sent me an email, saying that I was not allow to withdraw money because of irregular trading. I can provide a chat history with the account manager and, which proves that my trading was approved by the account manager! I asked Berndale Capital to give me my profits!
Exposure