Berndale Capital Review 

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Berndale Capital is an online financial broker with over 60 currency pairs, stock indices and crude oil for personal investment and trading options. It is owned by Berndale Capital Securities Pry Ltd and was established in 2012. The company is located in Australia and is regulated by the Australian Securities and Investment Commission or ASIC.

Basic Information of the Broker

Regulator – ASIC

Trading Platforms – MT4

Available since – 2012

Minimum Deposit – $500

Leverage – 1:400

Spreads and Commission – 1.5 pips

Minimum Trade Size – 0.01 lot

Demo Account – Available 

Mobile Trading – Available 

Trade Signals – Automated Trading, an e-mail alert

U.S. Clients – No

Islamic Account – Yes

AssetMagnate Rating: 

Trading Platforms 

Berndale Capital offer their clients the MT4 trading platform.

MT4 is the most popular and most widely used trading platform all over the world. Its great features make it different from the rest. MT4 is an old trading platform that is still maximized by almost 80% of the brokers today due to its great features which include advanced charting package, Expert Advisers, a number of built-in indicators and backtesting option which clients can use whenever they like. MT4 Mac orderwindowClients using MT4 through Berndale Capital can access it via the web, mobile or desktop.  MT4 is MultiTerminal as well which means that clients can manage multiple accounts all at once using one device only. 

A client terminal is provided which is equipped with a compiler and built-in editor. The compiler gives access to clients to a wide range of software library and information which can be of great help especially when trading. Expert Advisors are also available for client use through the MQL4/MQL5. The most prominent feature of MT4 is the algorithmic trading in as much as it is also known as a stand-alone system. This means that positions are manually managed by brokers. On the other side, there are also third party developers who have created software bridges in order to automatically hedge positions. 

Account Types

There are two trading accounts offered by Berndale Capital to their clients. All of these accounts offer full access to investors to the MT4 platform. All account types are entitled to micro lots as well. The ECN account offers commission while the classic account is commission free. 

Demo Account

A demo account is provided by Berndale Capital to their clients who wish to practice trading without risking their assets. This can also be utilized by their clients who want to master trading or those who simply want to familiarize themselves with the brokers and the trading platforms as well. 

Minimum Deposit

A minimum initial deposit of $500 is required in order for someone to open a live trading account with Berndale Capital. This is significantly a small amount which comes with great benefits and features in return. 

Payment Methods

Clients who wish to withdraw or deposit can do the transaction via different channels which includes all major credit and debit cards, e-wallet, wire transfer and so much more. 

Maximum Leverage

A maximum leverage of 1:400 is offered by Berndale Capital. This is considered a high leverage which means that traders should be careful when trading as great risk comes with it.

Spreads and Commission

The average spread offered by Berndale Capital is 1.5 pips. It offers a commission-free pricing on both trading platform that they offer.

Regulation and License

Berndale Capital is a regulated broker under the jurisdiction of ASIC which is known as a strict and one of the leading financial regulatory bodies, thus, clients are ensured that they are trading with a broker that is safe and secured. 

Customer Service

Clients who wish to contact Berndale Capital for support can reach them via email, live chat or telephone for 24 hours, 5 days a week. Their website is also available in different languages to cater to the needs of their clients who speak different languages. 

Benefits of Trading with Berndale Capital

Trading with Berndale Capital comes with a lot of benefits. Such benefits include a safe and secured broker, amazing features and trading platforms, easy to reach customer support and so much more.

 

Pros 

  • Reasonable initial deposit 
  • Great trading platform

Cons

  • High leverage

Conclusion

Berndale Capital is a reliable and transparent online financial broker which is ideal for both beginner and seasoned traders. It offers a good spread in as much as the number of payment options is superb. Furthermore, it provides fast market execution and transparent pricing.

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