Berndale Capital Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Berndale Capital is a leading provider of forex trading services, which focuses on its customers and adopts a customer-centric approach to offer 24/5 customer services. Berndale Capital works in-depth with 15 liquidity providers and aims to provide clients with the most competitive ECN pricing. Berndale Capital is currently authorized and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian financial services license (license number: 290108).

　　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.