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The WikiFX Score of this broker is reduced because of too many complaints!

Berndale Capital

Australia|5-10 years|
Regulated in Australia|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|Australia Market Making(MM) Unsubscribed|High potential risk|

https://www.berndalecapital.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
BerndaleCapital-DemoUK MT4
Server Location France

Contact

+61 3 8609 9789
support@berndalecapital.com
https://www.berndalecapital.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+61 3 8609 9789

Chinese (Simplified)

61 3 8609 9789

Broker Information

More

Company Name

BERNDALE CAPITAL SECURITIES PTY LTD

Company Abbreviation

Berndale Capital

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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Berndale Capital · 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.

User Reviews

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FX1226402614
more than one year
Nothing but scammers..!! Keep far away from these scammers. The site is run by a bunch of kids that have absolutely no idea what they are doing. I signed up with them and after 31 trades, 28 losers and over $600 lost.
2023-02-20 14:18
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0
0
FX1188634618
more than one year
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.
2022-12-16 18:55
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