Berndale Capital Overview
Telephone: 1-300-096-981
Regulation: ASIC
Pairs offered: 62 major, minor and exotic pairs
Minimum Deposit: $250
Spreads From: 1.5 PIPs
Max Leverage: 500:1
Markets: Bitcoin, Commodities, Currencies, CFDs.
Deposit Options

Berndale Capital Broker Review

Berndale Capital is a leading provider of Forex trading services. The company places emphasis on investment – in clients, daily operations, and Forex instruments. Berndale Capital has adopted a customer-centric approach to its clientele, and it raises the bar with a wide range of premium-grade Forex services. This company prides itself in approaching Forex trading differently to other brokers. Berndale Capital utilizes MetaTrader 4 (MT4) to facilitate Forex trading for clients. This Forex brokerage features a wide range of trading accounts, including a useful demo account to help newbies get started in the competitive world of Forex trading.

Overview/ background

 

Berndale Capital is fully licensed and regulated by the Australian Securities and Investment Commission (ASIC) to offer real-money Forex trading to clients. The company values superior customer service as one of its differentiating qualities, with Monday-Friday support between 9 AM and 6 PM. Additionally, there are 15 liquidity providers, which assures clients of competitive ECN pricing. Transparency, credibility, and delivery are the three pillars of Berndale Capital’s strategic approach. With some 62 Forex pairs available, 15 indices, digital currency and precious metals, this all-encompassing broker has something for everyone.

Security is paramount, and that’s why Berndale Capital places emphasis on segregated client accounts. Client funds are maintained in a trust account held at the Commonwealth Bank of Australia, and this guarantees the separation of business assets from client capital. Berndale Capital was established in 2012, with the goal of empowering clientele to create an award-winning product with a can-do attitude. The company is headquartered in Melbourne CBD, with widespread coverage across Asia and Europe. Its servers are located all over the world, including Japan, and the United States.

 

Account Types

 

Berndale Capital features multiple account types. These include a live account, and a demo trading account. Traders can toggle between the two while they are learning to perfect their trading strategies. The different account types are tailored towards several types of traders. There are essentially 4 category types: novice traders, experienced traders, advanced traders, and professional traders.

STP trading account – this account requires a minimum opening balance of $25, and it features spreads from 0.9 pips and 500:1 leverage. There are no commissions, and clients get to enjoy personal account managers and premium trade signals. This account is tailored towards newcomers to the Forex trading scene.

STP plus account – this account requires an opening balance of $200, and it features unmatched ECN pricing. Spreads begin at 0.0 pips, and there is leverage of 500:1. Commissions begin at $3.50 per 100,000 traded, and clients get to enjoy personal relationship managers and premium trade signals. This account is best for experienced traders looking to improve their Forex trading abilities.

The ECN Pro account – this account is ideal for Forex traders looking for added value. It requires an opening balance of $2,500, and spreads begin at 0.0 pips. Leverage of 500:1 is available, and commissions are $2.5 for every 100,000 traded. Clients also get to enjoy personal account managers, personal trading signals, one-on-one Forex education, priority account support features, and a complimentary virtual private server. The professional account is geared towards serious traders, with powerful tools, resources and benefits available to clients.

The Institution Plus Account – This offers institutional grade pricing and spreads starting at 0.0 pips. Leverage of 500: 1 is available, and the commission structure is tailored to the client. Customers will enjoy private account liaisons, and high-volume executions of orders. Other benefits include personal trading coaches, priority account support, and free virtual private servers. If you prefer high-volume trading, the institution plus account is the best option for you. Clients can benefit from tight spreads and ultra-low commissions for maximum profitability.

Whether you’re new to Forex, or an old hand at the game. Berndale Capital provides a complimentary demo trading account for Forex traders. Clients are awarded $50,000 in practice funds to trade Forex on MT4’s demo platform. As always, customer support is standing by to assist you whenever you need a hand.

 

Trading Platform/Software

 

The trading platform is provided by MetaTrader 4. Clients also have access to MetaTrader 4 Mobile. Since Berndale Capital has crafted a trading platform from multiple servers located all over the world, it can offer tight spreads, instant executions of trades, and real-time pricing. Berndale Capital uses MetaTrader 4 – the world’s premier Forex trading platform. Thanks to the inclusion of innovative technology, Berndale Capital can ramp up the power of MetaTrader 4 with rapid executions of trades, massive liquidity, and no re-quotes.

The trading platform can be tailored to client expectations, with a wide range of trading indicators, tools, and charting options. Clients can add these elements to the dashboard and trade under real market conditions. The presence of EAs (Expert Advisors) can certainly boost your trading activity, and this is facilitated by the trading software. Other benefits of MetaTrader 4 include 1-click trading functionality where you can easily place orders and enjoy greater opportunities in FX trading. Thanks to a wide range of products on site, clients can benefit from FX trading, commodities, precious metals, and stocks, all in a CFD format.

 

Deposit Options

 

Account funding is available through multiple deposit options. These include bank transfers, American Express, Visa, MasterCard, Skrill, POLi, and NETELLER. The fees for using each of these deposit options are listed on site. For example, there are no fees when you make deposits into your account in Australian dollars. International clients are required to pay money transfer fees. Credit cards are subject to a 1.5% handling fee, but merchant fees will differ based on the card issuer. For other options like Skrill and NETELLER, it is advisable to contact these e-wallets individually for further information.

 

Markets

 

The markets are listed under the ‘Instruments’ tab. They include Bitcoin, bonds, Forex, commodities, and CFDs. Bitcoin trading instruments include BTC/USD, and they are traded in contracts sizes of 1 lot up to 200 lots. Bonds are traded on the MetaTrader 4 platform and include the following options: EURSCHA, EURBUXL, EURBUND, EURBOBL. CFDs (contracts for difference) are available on some 15 international indices. They include the Nikkei 225, the Ibex 35, the Hang Seng Index, the Australian ASX 200, the Johannesburg Stock Exchange, the CAC40, DAX 30, the Dow Jones 30, the S&P 500, and the FTSE 100.

Commodities are somewhat limited, but they include WTI crude oil (West Texas Intermediate), gold, and silver. Forex traders can enjoy access to over 5 dozen currency pairs including majors, minors, and exotic currency pairs. These include the following FX options: GBP/USD, EUR/AUD, NZD/SGD, EUR/SEK, EUR/DKK, GBP/SEK, AUD/CAD, GBP/HKD, GBP/TRY, NZD/JPY, EUR/ZAR, GBP/ZAR, NZD/USD, and GBP/NOK among others.

 

Bonuses

 

Berndale Capital has a 100% bonus agreement with its registered traders. This means that you will receive a 100% deposit bonus subject to terms and conditions. The bonus is valid for a maximum of six months from the date that you sign the electronic agreement.

 

Customer Support

 

Clients can get in touch with customer service representatives at Berndale Capital by contacting the telephone number: 1-300-096-981. The international telephone number is +1-3-8609-9789.

 

The snail mail address in Australia is the following:

Berndale Capital

Level 27, 101 Collins St.,

Melbourne, Victoria

3000

Australia

Customer service works hard to provide professional, prompt and reliable feedback for all your queries. You can also reach the customer service team through social media channels Facebook, Twitter, YouTube, and LinkedIn.

 

Safety

 

Berndale Capital is fully licensed and regulated by ASIC, and it subscribes to all requirements of this regulatory authority. Client funds are maintained separately from business funds, in segregated accounts with the Commonwealth Bank of Australia. This ensures that clients are protected in the event of claims against the company. Berndale Capital also holds an Australian Financial Services License (#290108). As a credible, transparent, and trusted broker, it is 100% safe and secure to trade Forex at this broker.

 

Ease of Use

 

Berndale Capital makes it easy to navigate your way across the platform. Everything is provided in a concise fashion. Clients can see the available spreads, leverage, ECN commissions, balance requirements, and the listing of trading instruments. Further, you can practice on a demo account before you open a live account and trade for real money.

 

Final Thoughts

 

Berndale Capital is fully licensed and regulated by the ASIC to offer a wide range of Forex trading services to clients. It features 62 Forex pairs, 16 stock indices, 3 commodities, and 4 government bonds. While the range of instruments is somewhat limited, the trading platform (MetaTrader 4) is superb, and the trade executions are excellent.

Pros
  • ASIC regulation
  • Demo trading account
  • Multiple account types
  • 500:1 leverage
  • 100% bonus available
Cons
  • Not FCA regulated
  • Only MT4 trading platform
  • Limited number of instruments other than FX
Berndale Capital Overview
Telephone: 1-300-096-981
Regulation: ASIC
Pairs offered: 62 major, minor and exotic pairs
Minimum Deposit: $250
Spreads From: 1.5 PIPs
Max Leverage: 500:1
Markets: Bitcoin, Commodities, Currencies, CFDs.
Deposit Options
Pros
  • ASIC regulation
  • Demo trading account
  • Multiple account types
  • 500:1 leverage
  • 100% bonus available
Cons
  • Not FCA regulated
  • Only MT4 trading platform
  • Limited number of instruments other than FX