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Berndale Capital
Rating:
Binary Option Programs Award
Min. Deposit
$25
Min. Investment
Regulated Broker
No

Berndale Capital Broker Review

  1. Berndale Capital

    Established in 2012, Berndale Capital is a regulated Australian STP Forex broker, offering financial services to clients across South Africa, Asia and Europe. Berndale Capital provides trading in Forex currency pairs, cryptocurrencies, bonds, CFDs and commodities on the popular MT4 platform and automated mirror trading via the innovative Myfxbook. Notably, the recent addition of the Bitcoin/USD CFD gives customers at Berndale Capital, the opportunity to capitalize on the booming cryptocurrency market, where fluctuations in trade volume and pricing can benefit traders enormously. The Berndale Capital website is available in English and Chinese. Read the review that follows, to discover the trading conditions at Berndale Capital, ranging from payment methods, accounts types and trading software, to customer service and educational support.

    Berndale Capital Special Features

    Customers at Berndale Capital can choose from four types of live Forex trading accounts, tailored to the individual requirements of traders in South Africa and elsewhere in the world. A demo trading account is also available and described below. Importantly, the ultra-low latency ECN network and deep market liquidity, provides traders at Berndale Capital with a market advantage and superior execution speeds. Negative balance protection is an inbuilt feature at Berndale Capital ensuring that traders can not lose more than their trading account balance. Trading accounts can be maintained in AUD, USD, EUR or GBP. Importantly, traders can start out with lower level accounts and step-up to higher levels, when they are ready.

    Berndale Capital STP Account

    • Minimum initial deposit $25
    • Ideal for new retail traders
    • Straight through processing with no re-quotes
    • No trading commissions
    • Maximum leverage 1:500
    • Low spreads from 0.9 pips
    • Premium trade signals
    • Personal relationship manager
    • Hedging allowed
    • Automated trading with Expert Advisors

    Berndale Capital STP Plus Account

    • Minimum initial deposit $200
    • Unmatched ECN pricing
    • Commission of $3.5 per $100,000 traded
    • Low spreads from 0.0 pips
    • Maximum leverage 1:500
    • Personal relationship manager
    • Premium trade signals
    • Automated trading with EAs
    • Hedging permitted
    • Designed for experienced traders

    Berndale Capital ECN Pro

    • Minimum initial deposit $2,500
    • Next generation Forex trading
    • Spreads from 0.0 pips
    • Maximum leverage 1:500
    • Trading commission from $2.5 per $100,000
    • One-on-one Forex education
    • Priority account support
    • Free virtual private server
    • Automated trading with EAs
    • Hedging permitted
    • Designed for advanced traders

    Institution Plus Account

    • Contact Berndale Capital for info about initial deposit
    • Tailored commission structure
    • Spreads from 0.0 pips
    • Maximum leverage 1:500
    • Private account liaison
    • High volume order execution
    • Personal trade coach
    • Priority account support
    • Free virtual private server
    • Hedging permitted
    • Automated trading with EAs
    • Designed for high volume professional traders

    Berndale Capital Demo Account

    Customers can register a free demo account with Berndale Capital, for risk-free practice trading on the MT4 platform. Importantly, the MT4 software needs to be downloaded to desktop, before the trading account can operate. Clients are allocated $50,000 of virtual funds for investing on the broad range of assets, with live price quotes and a full range of order types. We recommend traders in South Africa and all around the world, experiment with Demo accounts, before investing real money. Not only is it a risk-free way to trade but allows investors to try out various strategies before applying them on the live trading platform.

    Berndale Capital Trading Software

    Traders at Berndale Capital are given access to the MT4 trading platform which must be downloaded to desktop computers. Additionally, the Berndale Capital MT4 mobile trading app is available for Android and iOS devices free of charge. The MT4 trading platform is the most widely used Forex trading platform in the world, including South Africa. Moreover, Berndale Capital takes the power of the MT4 to a higher level, offering ‘blazing’ fast execution, dark liquidity pool and no requotes.

    The MT4 is user-friendly and fully customizable making it suitable for novice and advanced traders. Importantly, it’s packed with features including multiple technical indicators, advanced charting and Expert Advisors for automated trading. Traders can enter and exit trades with appropriate market knowledge and potentially make more profits.

    One-click trading is a useful feature that further simplifies order placement and increases Forex opportunities. Customers can choose to enable or disable one-click trading. Those who enable it, can set the lot size, set a stop loss to manage risk, and see the spread in real time, from the easy to use window on the platform.

    Berndale Capital Fyrelink VPS

    Traders at Berndale Capital using the Fyrelink VPS, get near instant trade execution from anywhere in the world. The Fyrelink virtual private server is built on the latest generation hardware and fibre optic interconnects, with guaranteed server uptime. Importantly, by using the Fyrelink VPS, traders can carry out automated algorithmic trading with Expert Advisors, on the MT4 platform 24/7.

    Berndale Capital Social Trading

    Traders at Berndale Capital can potentially increase their Forex trading returns, by following seasoned professionals in Myfxbook and mirroring their trades. Notably, Myfxbook provides an open forum for novice and pro traders in South Africa and elsewhere, to share ideas, trading strategies and profit systems. With Myfxbook, traders can study performance data before making trading decisions. Moreover, the trading history is automatically uploaded from MetaTrader 4 giving a detailed history of account performance free of charge. Importantly, by using Myfxbook, traders can diversify their trading portfolios across a broad variety of instruments, lowering trading risk and exposure.

    Berndale Capital Support Information

    Customers can phone Berndale Capital on the international phone line or to the Australian number shown on the contact page. The support team is available from Monday to Friday between 9 am and 6 pm. We were surprised to see that a live chat helpline is not offered on the interface, as with most global Forex brokers. Alternatively, clients can fill in the contact form on the contact page and await a response. Customers in South Africa may find the support disappointing, as calls to Australia are expensive and email enquiries may require some time before a response arrives.

    Nevertheless, we were pleased to see that customers at Berndale Capital have access to a comprehensive learning centre with free webinars, blogs, and video tutorials across a wide range of topics, including courses for beginners.

    Berndale Capital Forex Bootcamp

    Customers living in Australia can opt to attend a three-day Forex training course held in Melbourne at the Berndale Capital headquarters in the evenings. The head analyst of Berndale Capital runs the courses, intended to prepare new customers to trade Forex with confidence once the course is completed. Traders are invited to take their computers to the bootcamp, in order to follow the lessons more closely on the trading platform. Importantly, the courses cover trading strategies, as well as technical analysis, with traders given a USB key for their computers and a training handbook.

    Berndale Capital Payment Methods

    Customers at Berndale Capital can fund their trading accounts using Credit/debit cards, Neteller, Skrill, Poli and bank wire transfer. The minimum deposit to open a trading account is just $25 and there is no minimum withdrawal amount. Only that customers close all their positions prior to requesting a withdrawal. Notably, customers with open positions on the trading platform have their withdrawal requests refused.

    Transactions using credit cards are charged a 1.5% fee by Berndale Capital, in addition to fees charged by the credit card company. Bank wire transfers within Australia are free of charge, but international transfers may be charged fees by their own banks and should be checked by customers in South Africa. Moreover, whilst transactions made with electronic payment methods are free of broker’s fees, the payment service provider may charge fees, so we recommend that traders study the terms and conditions of the payment providers, before selecting an e-payment option.

    Berndale Capital Pty Ltd (ACN: 606118736) is a corporate authorized representative (CAR N0.1233370) of Berndale Group Pty Ltd (ABN: 16113616032), holder of Australian Financial Services License AFSL 290108. Clients funds are held securely in segregated accounts with the Commonwealth Bank of Australia, preventing client investment from being used for business related expenses. Berndale Capital is headquartered at Level 27, 101 Collins Street, Melbourne, Victoria, 3000, Australia.

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