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Berndale Capital -

Score

1.58 /10
Danger

Berndale Capital

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Market Making(MM) Revoked

High potential risk

https://www.berndalecapital.com

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.54

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BERNDALE CAPITAL SECURITIES PTY LTD

Company Abbreviation

Berndale Capital

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Berndale Capital

Australia

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Berndale Capital has collapsed

Unable to withdraw in Berndale Capital ,which has collapsed.

+WOUSDTFX
2019-11-04 18:22
Unable to Withdraw

Can’t withdraw my profit on Berndale Capital

I can’t withdraw my profit on Berndale Capital. They even banned my account.

FX8769955192
2018-10-16 21:37
Unable to Withdraw

Scam Alert! Berndale Capital ignore withdrawals

I had proposed the withdrawal request but got no reply after days. And I have sent many Berndale mails and got no response.

FX8377062442
2019-11-13 17:24
Unable to Withdraw

Berndale Capital won’t let me withdraw my profit or log in.

I opened an ECN account on Berndale Capital with a number of 2096852678 on August 16th. They promised me they won’t fuck up my orders before I deposited $6000. I earned $3310 during that time. Then I withdrew $1500. After then I’ve been trading under the guidance of their customer manager and withdrew $3000 again. Ever since September 3rd, the withdrawal process became troublesome. I urged them but they said I violated their rules. I’ve all the evidence to prove my legitimacy of trading. I want them give my money back!

FX5079446523
2019-01-28 18:44
Unable to Withdraw

Berndale Capital is not allowed to withdraw profits, with the background and the account unable to login

I opened an ECN account (MT4 account 2,096,852,678) on Berndale Capital on August 16th. I asked the account manager if I could make orders based on data before I opened an account. After I got a positive reply, I deposited 6000 dollars and started to trade. I made a order based on the data, and earned 3,310 yuan. After that, I withdrew 1,500 dollars and the money arrived (they didn't accused me of illegal trading at this time). After that, I made orders according to the requirements of the account manager, and then I withdrew 3,000 dollars and the money arrived(they didn't accused me of illegal trading). But money withdrawing was not smooth from September 3. I asked the account manager to urge the withdrawing process several times. As a result, the company sent me an email, saying that I was not allow to withdraw money because of irregular trading. I can provide a chat history with the account manager and, which proves that my trading was approved by the account manager! I asked Berndale Capital to give me my profits!

FX5079446523
2018-09-12 02:17
Berndale Capital · Company summary

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.

User Reviews

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User comment

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Comments

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FX1226402614
more than one year
Nothing but scammers..!! Keep far away from these scammers. The site is run by a bunch of kids that have absolutely no idea what they are doing. I signed up with them and after 31 trades, 28 losers and over $600 lost.
Nothing but scammers..!! Keep far away from these scammers. The site is run by a bunch of kids that have absolutely no idea what they are doing. I signed up with them and after 31 trades, 28 losers and over $600 lost.
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2023-02-20 14:18
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FX1188634618
more than one year
Do not trade here, this company is a total scam. The wikifx staff did a field investigation and it has no office at the address. You can also see on this website that there are still many victims.
Do not trade here, this company is a total scam. The wikifx staff did a field investigation and it has no office at the address. You can also see on this website that there are still many victims.
Translate to English
2022-12-16 18:55
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0
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5