Synergy FX Review

1. What is SynergyFX?
2. Is SynergyFX safe or a scam?
3. Leverage
4. Accounts
5. Trading Fees
6. Market Instruments
7. Deposits and Withdrawals
8. Trading Platform
9. Customer Support
10. Education
11. Conclusion

What is SynergyFX?

SynergyFX is an Australia broker providing powerful trading capabilities and access to trade Forex, Commodities, Precious Metals and Indices all delivered with tight spread and regulated environment.

Whilst the company was originally founded in 2011 and achieved reasonable record together with millions of clients around the world, since September 2018 it was acquired by the leading Australia forex dealer ACY Capital. Therefore, its technology and trading base enhanced even further, combining years of success accompanied by the knowledge and proven development ACY Capital is known within the industry for.

What type of broker is SynergyFX?

SynergyFX execution performed through No Dealing Desk which gives you extra benefit and ability to speculate, hedge and manage risks through a direct filling of orders and real time quotes. Eventually, SynergyFX being a part of a global firm offers ultra-fast execution and cooperates with 20 liquidity providers including Banks, connected through Equinix Servers on both New York and Asia.

Is SynergyFX safe or a scam?

As we usually check within SynergyFX Review or any other, the crucial point is the broker’s license and regulatory obligation. In simple words, regulation means the company is constantly overseen and integrated to the best practices along with the safety measures.

Is SynergyFX legit?

For SynergyFX itself, the company is licensed and registered according to the reputable laws of Australia and ASIC in particular. Also, giving a fact of a quite long operation and reputation of ACY Capital gives extra benefit towards strong establishment and transparency broker provide. You may learn more why trade with ASIC regulated brokers by the link.

Funds Protection

Therefore and according to regulatory requirements, client funds kept in segregated accounts, comply with strict policies to operation, payments and all provided transactions ensuring trustable operation. ASIC requires also providers to maintain strict capital standards, implement the internal procedure and checking on accountability.

Leverage

Therefore and according to regulatory requirements, client funds kept in segregated accounts, comply with strict policies to operation, payments and all provided transactions ensuring trustable operation. ASIC requires also providers to maintain strict capital standards, implement the internal procedure and checking on accountability.

While trading with SynergyFX you are able to access powerful tool leverage, moreover, since Synergy is an Australian broker it still offers high leverage levels .

• 1:200, 1:400 or 1:500 available for both retail and professional proved traders

Nevertheless, each instrument specifies its own leverage levels, and of course, it is essential to learn how to use leverage smartly. Actually, the majority of world authorities already significantly lower maximum permitted leverage exactly due to its high risk of losing money involved. Each instrument defines its level of leverage which may be checked directly from the platform as well as adjusted according to your strategy.

Accounts

Further on within our SynergyFX Review we see how to pen account and what is the proposal between the account types offered and whether it is best Forex proposal.

Account types

there are three account types giving you a choice between an account based on spreads only known as stpECN account or on a commission basis – zeroECN and pureECN accounts. Account types are not defined only by the technology they use, but also feature more competitive pricing as you increase your trading size fiving extra benefit for high-volume traders.

How to open your account

Opening account isn’t a complicated process, you should follow guidelines of opening, upload your identity confirmation ad start trading almost instantly.

Fees

Through SynergyFX established ECN/ STP execution model you will get at truly competitive costs with an averaged spread EUR/USD 0.8 pips, Gold 0.20$ and Oil 0.025.

What are the trading costs?

SynergyFX spreads obviously defined by the account type you use, therefore the very minimum for professional accounts starting from 0 pip spread or raw spread. And also adding on commission charge per trade also defined by the category of the instrument, alike USD pairs commission is $6 per lot for zeroECN and pureECN Account charges a fee of $5 USD per lot.

However, the first grade account with all charges included spread has no commission and spread are starting from 1 pip.  See more examples on snapshots and below, as well compare fees to another popular broker MEX Exchange for better consideration.

Islamic Accounts

Also, corporate clients or managers have a full range of MAM or PAMM accounts, with unique possibilities and great performance. Moreover, there is an option to open swap-free account for those requires so, which is an account available for day-trading only.

Instruments

Margin trading including Forex with 40+ currency pairs, Gold and Silver CFDs with commission free super-tight spreads, Index CFDs and Oil or Gas CFDs. Also, you can access to trade Cryptocurrencies as well, as a part of its updated proposal available to the traders.

Deposits and Withdrawals

And once you made a decision to sign-up for a live account, all money transfers and management available through an online account where you may choose between payment methods.

Deposit Option

Deposit Options including the following methods. Also, you may check with customer service in case alternative options available according to your region or residency, but generally Synergy FX offers typical once as a mainstay.

• Credit/debit cards
• Bank Transfers

Minimum deposit

The minimum deposit amount defined by the account type you will choose as a mainstay, while the very minimum for SynergyFX standard known as stpECN account is set to a 100$. Next grade accounts will require 2,000$ and 20,000$ initial balance respectively, while the conditions defined for professional traders mainly, refer to the section above for details.

Withdrawals

Generally, as SynergyFX mentions, the company does not charge funding fees, however payment providers may add on some fees again according to jurisdiction or international rules. For withdrawals, International Transfer will typically incur $25 USD service charge per withdrawal, also recommended for verification with provider and broker respectively.

How long does it take to withdraw money from SynergyFX?

Due to its regulated environment broker ensures that withdrawals are processed within 1-2 business days from its side.

Trading Platforms

As a majority of technological brokers, SynergyFX and ACY Capital chooses industry leader MetaTrader4.

Web Trading

There are different versions of the platform that are suited for each one needs via desktop or web versions, along with mobile applications. Web Trading is a rather simplified version but great accessibility made it a popular choice, so you can login to your account from any device or browser and start trading.

Mobile trading Platform

The mobile application also included into the package so you can remain trading or controlling the account on the go. Also, MT4 or 5 based platform also are of great design and feature so you can access analysis tools and performs basic trading via smartphone as well.

Desktop Platform

Those who require professional level and more comprehensive tools and customization will definitely choose the desktop platform. As MT4 an industry most popular platform, due to its harmonized possibility between powerful capabilities, numerous add-ons and great charting packages. Also, MT4 offers one of the best automatic trading systems knows as EAs, allowing even better control over the strategy.

Moreover, you may also choose a newer version MT5 as a platform too, as it brings sophisticated possibilities with most recent development and better conditions to trade. All range of assets including Cryptocurrencies remaining at your disposal, so whenever instrument or strategy you deploy there is an open possibility for all.

Lastly, ACY Capital is known for its regular contests and competitions held on a regular basis allowing you to learn better and gain valuable prices.

Customer Support

The support team of SynergyFX also gained valuable awards for its successful management and operation. Broker operates multilingual support available 24 hours a day also through offices in Sydney, Taiwan, China and Malaysia so the traders needs are covered.

Education

Also, its trading capability is suitable for both beginning and professional traders, as its clients supported by the full range of service along to the timely rewarded educational department. The daily market analysis videos and reviews, market news, customizable courses and a variety of advanced education and research tools.

There are Economic Calendars, Calculators, Market Overview and Analysis, also together with social trading that goes your trading ideas and powerful research that MetaTrader is famous for.

Conclusion

Overall, SynergyFX Review places a company in a raw of a trusted broker with competitive conditions. Broker’s cooperation with ACY Capital, one of the leading forex broker, gives an extra benefit to you as a trader in terms of capabilities and development they undergo.

Who choose SynergyFX?

Both seasoned and beginning traders may maintain a suitable strategy through a quite low spread all provided with great support SynergyFX strived at its beginning and truly achieved by now.

Nevertheless, we would be glad to know your personal opinion about SynergyFX, so share your experience in the comment area below, or ask us for some additional information.