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.
