Synergy FX Review – is Synergy FX Scam or Legit Broker?

Synergy FX

2.9

Rating

2.9/5

Pros

  • MetaTrader 4, WebTrader for both iOS along with Android
  • ASIC law
  • Demo Trading Platform
  • 500: 1 maximum leverage

Cons

  • No promotional bonuses or offers accessible
  • No shares accessible to customers
  • Not Governed by the Financial Conduct Authority (FCA)

Synergy FX is governed by the ASIC (Australian Securities and Investments Corporation) to provide RealMoney Forex Currency trading services to customers across the globe. This recognized Forex brokerage offers leverage of around 500:1, spreads out as few as 0.0 pips, and 0.01 micro lot trading. The minimum expected deposit is merely AU$100, which makes this brokerage an enticing prospect of casual FX traders. Customers may enjoy high-quality service, support, and stage functionality using rapid executions of trades all over the ambit of an entirely regulated trading milieu.
Synergy FX provides full mobile functionality for Android, iOS along with Windows PC, together with MetaTrader 4, and even WebTrader. Among the others, customers have access to a broad selection of educational tools and tools developed to boost your trading capabilities and abilities. Besides, you are able to partake in Forex trading every moment, and out of anywhere. The liquidity is found through 20 banks around the Earth, and customers will relish authentic ECN (Electronic Communication Network) prices ) Synergy FX premiered in 2011 at Australia and it has grown into perhaps one of the most reputable FX brokers within the land right here.

Overview/ desktop

This Forex brokerage was issued a permit by ASIC to offer Forex trading solutions to customers. The AFSL (Australian Financial Services License) permit #403863 indicates that the corporation has met with the regulatory standards vis-vis funding requirements and principles of behavior to Forex trading reasons. Among the others, Synergy FX offers highest customer security by segregated bank account together with AA banks, Equinix Servers from New York, US, rapid executions of trades, without any coping desk, also liquidity by 20 worldwide banking spouses.

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The provider includes optic fiber networks around 4 big cities including New York, Hong Kong, Taiwan, and Sydney. Its worldwide liquidity providers comprise 20 big banks like Citibank, Goldman Sachs, J.P. Morgan, Nomura, along with Bank of America. During writing, the business ‘s chief executive officer (CEO) was Christian Dove, and also the mind of Forex has been Daniel Bent. One of the numerous accolades frees up from the Synergy FX within the decades comprises the 2015 Best Forex Broker Australia out of Global Financial Market Review.

Account Types

Forex traders obtain to relish a demo account option along with live trading accounts options. The live trading account involves MetaTrader 4 Pure ECN account and also the MetaTrader 4 STP accounts.

The MetaTrader 4 pure ECN accounts Provides the following profits to FX traders:

  • Rapid executions of trades, 1-click implementation, 0.01 micro lot trading, commissions of $5.50 per round good deal, AU$100 minimum account opening balance, free entry to education tools, and free social trading

The MetaTrader 4 STP accounts Provides the following profits to FX traders:

  • AU$100 minimum balance, zero commissions, spreads beginning at 1.0 pips, free social trading, infinite educational tools, accelerated executions of trades, leverage of 500:1, and 0.01 micro lot trading options.

In relation to different account options, traders may pick from trust and corporate accounts, separate accounts, joint accounts, and also self-managed SuperFund accounts.

Trading Platform/ applications

The trading programs consist of social trading options, MetaTrader 4, MT4 for both Windows, MT4 for Mac, MT4 for both iPhone, along with MT4 for both Android.

Social trading – that allows Forex traders to mechanically trade with fellow traders to view their trades, and mimic their activities. You’re able to get social trading any-time marketplaces are available, and you’re able to trade from the tablet computer, smartphone or even PC. The societal trading features additionally allow 1-click implementation of trades and feature-rich tools such as charts, graphs and other interactive elements.

MetaTrader 4 – MT4 maybe your top trading platform for Forex traders. MetaTrader4 is totally incorporated with societal trading also will be offering rapid executions of trades. MT4 has become easily the strongest trading platform on earth no software download is required. MT4 provides True ECN spreads out as little as 0.0 PIPS, and also an international fiber-optic system spread across 4 leading financial centers.

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MetaTrader 4 to Mac (27 currency pairs, commodities such as silver and stone ), iPhone (27 currency pairs, 40 historical indexes, along with 128-bit encryption technology), along with Android (27 currency pairs such as silver, gold, 40 custom indexes and 128-bit SSL technology) may also be offered.

Deposit options

Funding options comprise these approaches:

  • Bank Transfers accept 35 days
  • Debit Card Transfers are instant (Visa and MasterCard)
  • Credit Card Transfers are instant (Visa and MasterCard)
  • Synergy FX accounts procedure residue to the similarly evening until 2 PM AEST

Markets

Forex pairs, commodities and indices are readily available for traders. All these Comprise of the next financial tools:

Forex pairs – Majors, Minors and Exotic pairs. You can find 40 money pairs in Synergy FX. Currency pairs comprise USD/JPY, AUD/NZD, EUR/USD, AUD/USD, EUR/GBP, NZD/USD, CAD/JPY, CAD/CHF, GBP/CAD, EUR/JPY, EUR/NOK, NZD/CAD, along with many others.

Commodities – Gold, Silver, WTI Crude Oil.

Indices – AUS200, CHINA50, DJ30, GER30, HK50, NAS100, STOXX50, UK100, US500, JP225.

Various different options are available for example Bitcoin CFDs, Index CFDs and Commodity CFDs.

Bonuses

At the right time of the review, there had been not any busy promotional or bonuses supplies out there. Customers are advised to get support to learn any offerings which are now being offered.

Customer Support

Synergy FX could be accomplished with an Assortment of stations, such as the subsequent:

  • [emailprotected] email service
  • 61-2-8274-2600 phone support 24/5 and telephone back options
  • Live Chat performance Presented by Comm100 (restricted availability)
  • Physical Mailing speech in Sydney NSW Australia

Forex traders may also get Synergy FX through societal networking stations such as LinkedIn, Facebook, G, Twitter and YouTube. Besides, you may get the FAQ (Frequently Asked Questions) section for fast and simple methods to your own questions.

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Safety

Safety and security is ensured by means of 128-bit SSL (Secure Socket Layer) encryption technology. You will find segregated bank balances to make sure client funds are safeguarded in case of vaccinations from the business, liquidation or insolvency. The segregated funds have been kept under lock and key using all the CBA (Commonwealth Bank of Australia). Synergy FX is filed with ASIC (Australian Securities and Investments Commission) and trades together with all the subsequent Australian Financial Number 403863.

Ease of Use

Synergy FX is relatively user friendly. There are numerous various Forex platforms for example iOS, Android and Windows. The demonstration trading accounts option helps make it effortless for one to trade crypto CFDsforex, indices or commodities under real marketplace requirements at no risk. All options that come with the FX broker might be obtained through the menubar towards the surface of the screen. The Dropdown menu sends one to Forex Trading, Trade Platforms, Education, Partners, Invest, Client Portal, etc.. Live account and demonstration accounts may be accessible at the click of a single button.

Final Thoughts

Synergy FX includes 40 currency pairs and also a couple of products and indices. You’ll find a restricted amount of marketplaces however, the grade of the trading experience is equally superb. Leverage numbers depends upon where you’re located, however, also the AU trading platform features leverage of 500:1. The educational tools and tools are worthy of mention. They comprise a vast choice of hints, tactics and strategies that will allow you to boost your trading achievement. Charts, guides and graphs are all presented for traders.

Internet Site:
synergyfx.com
Telephone:
61 2 8274 2600
Legislation:
ASIC
Pairs provided:
Majors, Minors and Exotic pairs such as USD/JPY, AUD/NZD, EUR/USD, AUD/USD, EUR/GBP, NZD/USD, CAD/JPY, CAD/CHF, GBP/CAD, EUR/JPY, EUR/NOK, NZD/CAD
Minimum Deposit:
$100
Spreads From:
0.5 PIPs
Max Leverage:
500:1
Markets:
crypto, indices, forex, commodities