Is Berndale Capital a reputable company?

[Chris4gold]

Is Berndale Capital a reputable company? I have been approached by on of their "account managers" to start an account with them.

I'm still a bit unsure about it as I couldn't find much information on them.

How have you found it so far?

Regards,
Chris

 

[Pharaoh]

Simple rule - NEVER let a retail forex brokerage employee trade for you. If the broker is a bucket shop, then it's in their best interests to run your account into the ground. Even an ECN broker employee would have the temptation to churn your account to make money solely from the commissions.

If a broker employee claims to be an "account manager" that's a very strong indication that this person is going to try to trade for you or try to recommend trades for you.

 

[crootster]

https://asic.gov.au/about-asic/news...-securities-licence-and-bans-former-director/

For anyone interested, ASIC has pulled the AFSL license from Stavro an dBerndale, if anyone is still owing money and has all the proof of at least getting their deposit back or whats left of it I recommend you contact the Australian Financial Complaints Authority (AFCA) immediately with all your proof

Greg

 

[FmrBrokerExecutive]

I'm usually skeptical of reviews but this one is just horrible all around.
Pharaoh also makes a good point about conflict of interest among "in-house" managed account programs.

https://www.forexpeacearmy.com/forex-reviews/12314/www.berndalecapital.com