Synergy FX Review
Broker: SynergyFX
Leverage: 1:500
Regulation: ASIC
Min. Deposit: 100 US$
HQ: Australia
Platforms: MT4, MT5
Found In: 2011
Website: synergyfx.com
SynergyFX Licences
ACY Securities Pty Ltd is authorized by ASIC Australia (Australia) registration number. ABN: 80150565 781 AFSL 403863 - Operates as acy.com
What is SynergyFX exactly?
SynergyFX, an Australia broker, offers powerful trading capabilities and easy access to forex, commodities, precious metals, and Indices all delivered in a tight spread and regulated setting.
The company was founded in 2011, and has a good record with clients all over the globe. In September 2018, it was purchased by ACY Capital , a leading Australian forex dealer. Its technology was further enhanced by ACY Capital, who has years of experience and the proven development ACY Capital is well-known for.
What kind of broker is SynergyFX?
No Dealing Desk is used to execute SynergyFX orders. This gives you the opportunity to speculate, hedge, and manage risk through real-time quotes and direct filling of orders. SynergyFX is part of a global company that offers super-fast execution. It also cooperates with 20 liquidity providers, including Banks. Equinix Servers are located in New York and Asia.
Overview
SynergyFX is a company with a good reputation that offers high quality trading conditions, ECN trading, education, and a variety of platforms. Spreads are excellent and account opening can be done digitally.
The Negative points have a limited range of instruments, and the proposal can vary depending on the entity. There is also no 24/7 support.
Pros
Popular MT4 and MT5 platforms
Light fast execution and numerous liquidity providers
Great range of tools
Social Trading option
Cons
No proprietary platform
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.7
Is SynergyFX a safe investment or a fraud?
No, SynergyFX Review is not a scam. The company is continuously monitored and integrated to best practices, as well as the safety measures due regulation by ASIC.
Is SynergyFX legitimate?
SynergyFX is licensed, registered, and authorized according to the reputable laws in Australia, ASIC, and ASIC.Aside from the fact that the company has been operating for a long time, ACY Capital provides additional benefits towards strong establishment and transparency broker provide. The link will allow you to learn more about why brokers are ASIC-regulated.
Funds Protection
Client funds are therefore kept separate and in compliance with regulatory requirements. They also comply with strict policies regarding operation, payments, and all transactions provided to ensure trustworthiness. ASIC also requires providers to adhere to strict capital standards and implement an internal procedure.
Leverage
Client funds are therefore kept separate and in compliance with regulatory requirements. They also comply with strict policies regarding operation, payments, and all transactions provided to ensure trustworthiness. ASIC also requires providers to adhere to strict capital standards and implement an internal procedure.
SynergyFX allows you to leverage powerful tools. SynergyFX is an Australian broker that still offers high leverage.
1;200, 1:1400, or 1 500 available for retail and professional proven traders
Each instrument has its own leverage level and it is important to be able to use it wisely. The high risk of losing money means that the majority of global authorities have lowered the maximum allowed leverage. You can check the level of each instrument from the platform and adjust it according to your strategy.
Types of accounts
SynergyFX has three account types giving you the option of an account that is based on spreads, stpECNaccount, or on a commission-based basis, zeroECNaccounts. Account types can be defined by the technology used, but they also offer more competitive pricing if you trade larger amounts. This is a benefit for high volume traders.
How to open a new account
It's not difficult to open an account. Follow the instructions, upload your identification confirmation, and you can trade almost immediately.
Fees
SynergyFX pricing largely depends on the account type. Professional accounts start from 0 pip spread or a raw spread, with a commission of $6 per trade. USD pairs commissions are $6 for pureECN and zeroECN accounts. A $5 USD per lot fee is charged.
The first-grade account, which includes all spread charges, has no commission. Spread are starting at 1 pip. You can also compare fees with another broker FP Markets to get better consideration.
Spreads
Spreads of SynergyFX via the ECN/STP execution model offer competitive costs at truly affordable prices with an average spread EUR/USD 0.8 pips, gold 0.20$ and oil 0.025.
Islamic Accounts
Corporate clients and managers also have access to a wide range of MAM accounts with great performance and unique possibilities. For day trading only, there's an option to open an account that is swap-free.
Instruments
Margin trading includes Forex with 40+ currency pair, Gold and Silver CFDs at commission-free super tight spreads, Index CFDs, and Oil or Gas CFDs. As part of the updated proposal, traders can also trade Cryptocurrencies.
Withdrawals and deposits
Once you have made the decision to open a live account, you can manage your money and transfer it through an online account. You can choose from a variety of payment methods.
Option to Deposit
These deposit options include the following. You can also check with customer support to see if there are other options available depending on your location or residency. However, Synergy FX generally offers a typical once.
Credit/debit card
Bank Transfers
SynergyFX Minimum deposit
SynergyFX minimum deposits amount is 100$. stpECN accounts will need 2,000$ and $20,000 respectively. Professional traders will have different conditions. Refer to the section above.
SynergyFX Minimum Deposit vs Other Brokers
Withdrawals
Bank Wire and Cards are the SynergyFX withdrawal options. The company doesn't charge funding fees. However,payment providers might add fees again depending on jurisdiction or international rules. International Transfer withdrawals will usually incur a $25 USD service fee per withdrawal. This is recommended to verify with broker and provider respectively.
What is the time it takes to withdraw money from SynergyFX
Because it operates in a controlled environment, brokers ensure that withdrawals are processed within 1-2 days.
Trade Platforms
Web Trading
You can choose from desktop, web or mobile versions. Web Trading is a simplified version of the platform, but it's very accessible. You can log in to your account using any browser or device and begin trading.
Mobile trading Platform
You can also get the mobile app included in the package to allow you to trade or manage your account from anywhere. The MT4 and MT5 platforms are also great in design. You can access analysis tools, perform basic trading and more via your smartphone.
SynergyFX, ACY Capital and ACY Capital chose industry leader HTMLTrader4
Desktop Platform
The desktop platform is the best choice for those who need professional-level tools and customization. MT4 is the industry's most preferred platform due to its combination of powerful capabilities, many add-ons, and great charting programs. EAs are one of the most powerful automated trading systems, allowing for even greater control over the strategy.
You may also consider a newer version of MT5 for a platform. It offers advanced possibilities and better trading conditions. You have access to all assets, including Cryptocurrencies. This means that any strategy or instrument you use can be used.
ACY Capital is also known for hosting regular competitions and contests that allow you to gain valuable information and win valuable prices.
Customer Support
Synergy FX Review's support team also receives awards for their successful operation and management. Multilingual support is available to traders 24 hours a days through the broker's offices in Sydney, Taiwan and China.
Education
Its trading capabilities are suitable for both professional and beginning traders. Clients also have access to the full range service, along with the timely rewarded education department. Market news, videos and reviews daily, customized courses, and many other advanced education and research tools.
You will find the following: Economic Calendars, Calculators and Market Overview and Analysis. Also, social trading is available that allows you to share your trading ideas with powerful research, MetaTrader is well-known for.
Conclusion
SynergyFX Review ranks a company as a trustworthy broker with favorable conditions . ACY Capital is a leading forex broker and brokers. This gives traders an additional benefit in terms of their capabilities and the training they receive.
Why choose SynergyFX over other options?
Beginning and seasoned traders can both use thelow spread to maintain a strategy. All this is done with great support SynergyFX has provided since its inception and continues to provide.
Synergy FX Updates
Synergy FX was effectively another brand owned by Ace Securities, a well-known brand, but Synergy FX is no longer available and its official website redirects you to acy.com, the main offering of Ace Securities. We recommend signing up with ACY Securities. You can read our complete review and find out more about ACY here.