Read carefully Berndale Review before opening an account with them or signing into any activity.
What is Berndale?
Berndale Capital is an Australia’s Forex Broker that provides access throughout Europe and Asia to trade global markets with unique trading experience, which has to be available to everyone and feature low trading costs, latest technology solutions and dedicated support.
There is no matter which strategy traders use, there is always a way to match trading style with offered instruments and opportunity to trade across 62 currency pairs, 16 stock exchange indices, 4 governmental bonds, precious metals and also the Bitcoin.
Execution and connection to the markets provided through ECN fastest servers LD4 and NY4 that are bridged with liquidity providers offering pricing from 0.0 pips. Moreover, the technology brings no-requotes, no-rejections trading and performs smooth trading even with significant trading volumes.
Berndale’s trade coaches provide clients with the market education that allows taking control over the trading process. The educational center performs regular webinars, one-to-one support as well as the range of analytical data. The clients also can benefit from a personal relationship manager that will always deal individually with the trader.
Is Berndale safe or a scam?
To ensure the client protection and confidence it is important to choose the regulated broker. The Berndale Capital is the brand name and the part of the Berndale Group Pry Ltd which is authorized by the Australian regulation jurisdiction ASIC (Read about ASIC Regulated Blueberry Trading ). That regulation requires strict follow of the established rules that provide operational transparency, data protection and security of funds.
In addition to the required protection of their client, the Berndale also established a Negative Balance Protection, which ensures that the client can not lose more than the available balance.
Berndale chose as a mainstay the stable and proven for its powerful feature MetaTrader4. Yet, the broker advanced platform with ultra-low latency global network upon multiple servers connected by fibre optics. The MT4 bring a rich value to all trading levels with no matter which trading style to use, all strategies allowed EAs within the MT4 Marketplace, algorithmic trading and hedging. The flexibility of charts and trading indicators easily bringing trading to another, more professional level through the informed decisions.
In addition, as the current lifestyle requires to take full control over the trading on the go, the company developed MetaTrader4 Mobile version with integration between the platform. That solution provides the latest information and updating data up to the seconds while the opportunities to trade never missed. The Mobile version is suitable for all devices iOS or Android.
The traders who would like to engage in social trading Berndale offers the market-leading myFXbook platform. The platform provides an open forum for traders around the world that are sharing ideas and strategies that are helping the novice or even professional traders. The charge will be an only small markup of all orders which is a very small fee among the market offerings.
VPS (Virtual Private Server) is another available solution powered by Fyrelink, which enables a non-stop trading through algorithms and EAs without any worries or outstands. Clients are able to install almost any software package they want into the PC and run secure trading.
In order to start trading, the client should follow 4 steps of online account application form. The client can also choose the base currency to perform fund transactions, which includes Australian Dollar, USD, Euro and British Pound. Meanwhile, there are designed 4 account types with leverage up to 1:500, premium signals access and personal relationship management.
– STP Straight Through Processing is an easy start account, which requires only 25$ to start. There is no any complication of costs, while all are in one with a spread from 0.9 pip.
– STP Plus featuring unmatched ECN pricing from 0.0 pips and commission of 3.5$ per 100k traded, while the balance requirement is 200$.
– ECN Pro is the next generation account with pure ECN model and an initial balance of 2,500$. Spreads are starting from 0.0 pips along with the lower commission of 2.5$, one-to-one education and priority support.
– Institution Plus is a tailored solution for institutional grade pricing which is fully adjustable to the client with spreads from 0.0 pips and commission structure. Private account settings along with high volume order execution, priority support and coaching are at the hand.
To experience trade execution and conditions provided by the broker, new clients recommended to open a Demo account and to try the “real” environment without any risk involved.
Deposit and Withdrawal Methods
To fund trading account should be a seamless process that is provided through the range of payment methods include Bank Transfers, Cards Payments and e-wallets Netteller, Skrill and FasaPay. The client’s money are always kept in AA financial institutions that bringing safe state and security.
For the fees, the bank transfers include no fee, while the Credit card may apply a 1.5% handling fee. The withdrawals are processed without any internal charges, yet the banks or institutions may subject charges in any involved transaction.
Conclusion on Bernadale
Overall, the Berndale Capital review concludes the trusted, regulated company that brings a quality offering with the ultimate technology solutions. The provided connectivity enables direct access to the market liquidity providers along with the developed leader among the platforms MT4.
The range of account types also enables trader of any size or preference to find its suited choice. In addition, the company providing an extensive education and support services that are dedicated to every client. The beginning traders will find this benefit as a very useful one (Find the list of forex brokers for beginners by link), along with the standard account offer which enables trading with the capital of 25$ only. Yet, the experienced traders can enjoy pricing and technology at the company, while support can enhance ones own possibilities.
Updates since November, 2018:
According to the current news from the company, the Berndale Group Pty Ltd license is suspended by ASIC authority and its activity is fully closed. ASIC has also banned Stavro D’Amore, a former director of Berndale from further activities in financial business.
For more information please read tag Broker News.
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The Australian Securities and Investments Commission (ASIC) has informed the public that it has canceled the Australian Financial Services (AFS) license of Melbourne based retail OTC derivative issuer, Berndale Capital Securities Pty Ltd’s (Berndale). Berndale Capital is an Australia’s Forex Broker that offers to trade with currency pairs, stock exchange indices, precious metals, and cryptocurrency....