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SynergyFX Review and Tutorial 2021

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Facts & Figures

SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.

 

Awards

• Best Forex Broker 2018 – International Business Summit Malaysia
• Australian Best Forex Broker 2015 – Global Financial Market Review
• Best Currency Management Fund 2015 – GFMR

Bonus Spin & Win Draw
Instruments Forex, CFDs, indices, shares, commodities
Demo Account Yes
Min. Deposit $50
Pay Methods Credit Card, Doku Wallet, Mastercard, Skrill, UnionPay, Visa, Wire Transfer
Min. Trade 0.01 lots
Regulated By ASIC, VFSC
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals No
Islamic Account Yes
CFD
FTSE Spread 1.4
GBPUSD Spread 1.5
Oil Spread 0.030
Stocks Spread Variable
Leverage 1:500
Forex

Trade forex with competitive spreads.

 

GBPUSD Spread 1.5
EURUSD Spread 0.8
EURGBP Spread 1.3
Assets 40+
Risk Warning – Your capital is at risk

SynergyFX is an Australian forex broker offering ECN accounts on the downloadable MT4 and MT5 trading stages. If you’re concluding whether to enroll and login to SynergyFX, investigate this survey for the upsides and downsides.

SynergyFX Details

Established in 2011, SynergyFX is an Australian supplier of forex and subsidiary items. In 2018, the organization converged with the ACY Capital Group to furnish an excellent trading experience with low commissions.

The broker is controlled by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Trading Platforms

MetaTrader 4

SynergyFX offers MT4 to dynamic brokers. With admittance to forex, lists, and products, the stage provides an adaptable dashboard and quick execution speeds. Brokers likewise gain admittance to moment live statements, 40 specialized pointers, and a few time spans. A stage is again a decent alternative for those hoping to assemble and utilize robotized trading robots.

Windows clients can download MT4 from the broker’s site after enrolling for a record.

MetaTrader 5

MT5 offers further developed request alternatives, supporting capacities, 21 time periods, and Level II market profundity. Accordingly, the stage offers a quicker and more impressive experience than its archetype. MT5 works with Windows PCs and can be downloaded once a record has been made.

MetaTrader WebTrader

SynergyFX additionally offers the electronic renditions of both the MT4 and MT5 stages – ideal for MacOS clients or individuals who would prefer not to download any applications. The WebTrader arrangement offers consistent trading with the same amount of force and speed as the work area stages, in addition to all the specialized and examination highlights.

SynergyFX Markets

SynergyFX offers a wide scope of resources, including 40+ monetary standards, 10+ wares and valuable metals, 20 worldwide lists, and more than 600 of the world’s biggest offer CFDs. You can likewise now exchange Chinese seaward Yuan (CNH) on the MT4 stage.

Trading Fees

Spreads at SynergyFX are serious, with significant FX sets around 0.8 pips with the stpECN account and 0.2 pips with the zeroECN record. Important lists, for example, the FTSE 100 are around 1.4 pips, and unrefined petroleum is around 0.030 with stpECN valuing.

There are no commission accuses of the stpECN account, yet you can expect $6 and $5 per parcel accuses of the zeroECN and pureECN accounts individually.

SynergyFX Leverage

Influence is accessible up to a limit of 1:500 across all records. Subtleties of edge necessities are given in the broker’s agreements or from inside the customer entrance.

Mobile Apps

Both MT4 and MT5 are accessible for mobiles or tablets through the App Store or Google Play store. Dealers can get to super close spreads 24 hours per day from their smart gadgets, with admittance to cutting-edge graphing capacities, live estimating information, and entire trading history. Merchants can likewise set versatile alarms to keep steady over their orders while in a hurry.

Payment Methods

Deposits

Record financing is accessible using bank wire move (neighbourhood and global), credit/charge cards, Skrill, Doku Wallet, China Union Pay, and other e-wallets. SynergyFX doesn’t charge for financing by bank move; however, global installments may cause a bank expense. Gotten and cleared assets for bank moves may take 2 – 3 workdays.

Withdrawals

Similar alternatives are accessible for withdrawals, notwithstanding, you can pull out using bank wire in the event that you initially saved with a charge card. There is a $25 administration charge for each withdrawal for global bank moves and a 3% dealer expense for installments using Skrill. Australian neighbourhood bank moves are free three times each month, after which there is a $25 charge for every extra withdrawal. As a rule, withdrawals are handled in 1 – 2 workdays.

Demo Account

A demo account is accessible in 17 distinct dialects and can be opened in practically no time. Demo accounts are helpful for fledglings who wish to evaluate the trading stages before pursuing a live record. With a default virtual record total of $50,000, SynergyFX clients can put demo exchanges liberated from monetary danger for 30 days.

Bonuses & Promos

SynergyFX offers a $2.28 billion Spin and Win draw, with premium prizes available for anyone every month, including sports vehicles, occasions, devices, and monetary rewards. Note that you need to store $2,000 to your record to qualify.

There’s additionally a 2020 Trading Cup contest with a large number of dollars to win per prize. Once more, you should store $2,000 to be qualified for the challenge.

Regulation

ACY Securities Pty Ltd is directed by the Australian Securities and Investments Commission (ASIC) under permit number 403863. ACY Capital Australia Limited is required by the Vanuatu Financial Services Commission (VFSC) under permit number 012868. SynergyFX is the brand name of ACY Securities.

Customer reserves are held in isolated records at AAA-evaluated banks: Commonwealth Bank Australia and HSBC. Note that the broker doesn’t give adverse equilibrium insurance, however, the organization’s standing and administrative licenses do provide a decent degree of security regardless.

Additional Features

New and experienced dealers can profit with the assets and instructive substance on offer, which incorporates market examination courses and online classes, a free trading digital book, forex articles, a news blog, and a financial schedule.

However, there isn’t anything exceptionally extraordinary, and the instructive contribution is adequate for fledglings. To contend with different brokers, SynergyFX could incorporate forex number crunchers and other trading instruments.

SynergyFX Accounts

Contingent upon your trading style, there are three primary records on the proposal at SynergyFX, in 7 unique monetary forms: stpECN, zeroECN, and pureECN. All records require a base trading volume of 0.01 parcels.

stpECN

The stpECN account offers cutthroat market evaluating without any commissions and a base store of $50. Trade-free trading is likewise accessible with this record.

zeroECN

The ZeroECN record offers direct admittance to level 1 liquidity suppliers for more tight spreads, commissions from $6 per round turn parcel, and a base store of $2,000. The base store from there on is $100.

pureECN

The pureECN account additionally offers direct admittance to level 1 liquidity, with tight spreads, commissions from $5 per round turn parcel, and an underlying least store of $20,000. The base store from that point is $100.

Dealers can likewise get select admittance to many offer CFDs using the commission-based MT5 Xchange account.

Benefits

There’s a noteworthy contribution at SynergyFX, with cutthroat highlights including:

  • Tight ECN spreads across all records
  • Without commission trading
  • Prizes and rivalries
  • MT4 and MT5 stages
  • ASIC-controlled

Drawbacks

Enhancements could be made in the accompanying regions:

  • Digital currencies not advertised
  • US customers not acknowledged

Trading Hours

Trading hours for money sets are 00:00 – 24:00 GMT+2/GMT+3 (DST) Monday to Friday. Worker times for records and wares differ contingent upon the market and are given in the item details page on the site.

Customer Support

SynergyFX has multilingual help workplaces situated in Sydney, Taiwan, China, and Malaysia, which give help 24/5 through:

  • Email – support@acy.com
  • Online contact structure – Contact us page
  • Live visit – reactions got inside 2 minutes when tried
  • Phone – +61 2 9188 2999 (global)/+02 5594 4927 (Taiwan)

Security

SynergyFX keeps to industry-standard safety efforts to defend information between workers. Stages are gotten with 128-bit encryption frameworks, and exchanges are securely completed inside the customer entryway, CloudHub.

SynergyFX Verdict

SynergyFX’s center contribution incorporates tight ECN spreads on forex, files, and wares. Likewise, the Australian broker gives some extra training and the MT4, and MT5 stages, reasonable for those with restricted insight just as those utilizing progressed trading systems.

Accepted Countries

SynergyFX acknowledges brokers from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different nations.

Brokers can not utilize SynergyFX from the United States.

Alternatives to SynergyFX

If you are searching for options in contrast to SynergyFX, we have ordered a rundown of the leading 5 brokers that are like SynergyFX underneath. This rundown of brokers like SynergyFX is arranged by similitude and just incorporates organizations that acknowledge merchants from your area.

  • OctaFX – OctaFX offers multi-resource trading on a scope of stages and portable arrangements.
  • FP Markets – FP Markets is a multi-resource broker contribution a decision of trading stages.
  • RoboForex – RoboForex is a multi-resource online broker contribution amazing trading assistants.
  • HYCM – Trade on the monetary business sectors with minimal expense, utilized items at HYCM.
  • ThinkMarkets – ThinkMarkets is a multi-managed forex and CFD broker

FAQ

Where is SynergyFX based?

The broker’s worldwide administrative center is at Level 18, ACY Tower, 799 Pacific Hwy, Chatswood, NSW 2067, Australia.

Who owns SynergyFX?

SynergyFX is possessed by ACY Securities, a private restricted organization that isn’t recorded on a stock trade. The proprietors and supervisory crew have more than 10 years of involvement working in the monetary business sectors.

Does SynergyFX accept UK clients? 

Indeed, this broker acknowledges customers from the United Kingdom.

Does MetaTrader 4 have trailing stop orders? 

Indeed, you can set following stop orders in MT4, alongside various stops and cutoff points.

How do I open a SynergyFX account? 

You should fill in a temporary structure to apply for a record. SynergyFX will then, at that point, email you a connection to download the trading stage, alongside your login subtleties.

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