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synergyfx

Regulated
Australia
,
Since 2011
Last Updated:
47/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
500
Account Types
STPECN

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
$25

Credit/Debit Cards

credit card
3 days
Fee:
Free
Fee:
Free

E-wallets

e wallet
3 days
Fee:
Free
Fee:
Free

Cryptocurrencies

crypto
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 34%, 2: License 84%, 3: Software 51%, 4: Spread 0%, 5: Account Type 18%, 6: Symbol 0%
Regulation
34%Poor
License
84%Excellent
Software
51%Fair
Spread
0%Poor
Account Type
18%Poor
Symbol
0%Poor

Company Information

Full Name:SYNERGY FINANCIAL MARKETS PTY LTD
Founded:2011
Headquarters:Australia
Enterprise Offices:1offices

Customer Support

Phone:
+61 2 8090 3311
Live Chat:
24/7
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

Choosing the right broker is essential for anyone involved in the dynamic field of financial trading, regardless of experience level. synergyfx has established itself as a broker and a financial services provider intending to provide an all-around trading experience. Currently, there is limited information available to the public on synergyfx, but general information on this type of broker can help traders make informed decisions about whether to trade with them.

This article aims to provide an objective and comprehensive overview of synergyfx, including its history and background; its primary features; regulatory status; trading conditions; fee structure and customer experience; By providing whatever information is available on synergyfx into a clear and concise format, traders will have a better opportunity to assess synergyfx as a potential trading option.

Background and History

There is limited publicly available information about the history and founding of synergyfx. As a broker, it appears that synergyfx is committed to offering products and services that will give traders access to various financial markets, most notably forex and CFD’s. Due to the lack of public records and/or detailed company milestones, it is difficult to construct a conclusive historical timeline of events.

While the history of synergyfx remains unclear, it does appear that brokers such as synergyfx generally seek to establish trust by creating an environment that supports both transparent trading conditions and compliance with applicable regulations. These are two factors that have a large impact on which broker a trader chooses to work with.

Key Features and Offerings

While we cannot find extensive documentation on the specific products that synergyfx provides, brokers of this type typically will offer traders the ability to trade multiple financial instruments, including, but not limited to, forex pairs, commodities, indices, and crypto currencies. One of the key features that likely comes with utilizing the synergyfx trading platform is the ability to place trades on both desktop as well as mobile devices, allowing for greater flexibility within your trading experience.

In addition to providing a platform on which to conduct trades, brokers will typically have other tools available to improve the trading experience for their clients, including educational resources, market analysis and customer service support. At this time, however, due to the lack of detailed information regarding synergyfx, the exact features and tools available with the broker will remain uncertain.

Regulatory Compliance And Licensing

The regulatory environment represents an essential element of any financial services organization. While there are no real specifics about the regulatory licensing or overseeing agencies that regulate or supervise synergyfx, all traders wishing to participate in trading with a broker are always encouraged to verify the brokerage's regulatory status prior to commencing their transaction. This is simply due to the heightened risk associated with financial transactions due to the complexity and importance of adhering to and complying with various financial laws.

Below is a placeholder for a table that would include regulatory information related to synergyfx if any were to exist.

Regulator

License Number

Status

Insufficient information available

Trading Conditions And Platform Technology

Understanding the trading conditions associated with a broker such as synergyfx is essential to ensure the true cost of forwarding of your transactions is understood along with how accessible the broker's services are to utilize by the trader. While no specific information is provided regarding the trading conditions associated with trading with synergyfx, everyday brokers offer many different types of accounts with different trading conditions for a variety of trader styles/profiles.

In addition to multiple types of accounts provided by the broker, it is highly likely that syngyfx provides its clients with access to one or more of the popular trading platforms that are commonly used throughout the industry such as MetaTrader 4 or MetaTrader 5. These trading platforms are known to be reliable and have advanced features compared to other platforms utilized throughout the trading industry.This is a generic summary of the kinds of trading conditions that traders would generally look for on a website:

Type of Trading Condition

Details

Spread

Limited Information

Leverage

Limited Information

Minimum Deposit

Limited Information

Trading Platform

Limited Information

Understanding the fees associated with trading with any broker is a vital part of being able to gauge the overall cost of trading. The fees that brokers can charge include commission, spread fees, deposit & withdrawal fees, and inactivity fees. Unfortunately, detailed information regarding fees related to synergyfx is not readily available.

Brokers typically want to keep their fee rates as competitive as they can to have the ability to draw in traders, but having a good understanding of the fees that are associated with the brokerage prior to signing up for an account is critically important.

Summary of Fees Type

Details

Deposit Fees

Limited Information

Withdrawal Fees

Limited Information

Commission

Limited Information

Spreads

Limited Information

User Experience & Market Reputation

Gauging customer experience and market reputation is one of the best assessments of how reliable a broker is in order to know the quality of service you will be receiving. The limited information regarding synergyfx on the market makes it very difficult to provide any detailed reports of user experiences or market reputation.

For traders who are considering synergyfx, it is highly advisable to do your own research to find user reviews and testimonials, as well as check for regulatory compliance, in order to be confident that you're trading in a safe environment.

Conclusion

In conclusion, synergyfx has limited public information available but is a trading broker that likely offers a standard trading services and platform, but the majority of the critical information about synergyfx such as fees, trading conditions and broker regulations is still currently unknown.

In conclusion, prospective traders need to exercise caution with synergyfx and should do thorough research and verification before using the broker for trading activities. Transparency and regulatory compliance are extremely important components that add to the credibility of a broker and the safety of a trader’s funds.

Regulatory Licenses

Compliance & oversight

1 license
Australia
ASICTier 1
Australia#403863
License Details
Type:Market Making(MM)
License #:403863
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

2 types
STP
ECN
Leverage 1:500
Leverage1:500
ECN
ECN
Leverage 1:500
Leverage1:500
2
Total Types
1
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

4 methods
Bank Transfer
Bank Transfer3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:USD 25
Min:N/A
Max:N/A
International transfers may incur a $25 service fee; available globally.
Credit/Debit Cards
Credit Card3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Specific fees may apply depending on the card issuer; available where credit/debit cards accepted.
E-wallets
E-Wallet3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Specific fees may apply depending on the e-wallet provider; available where e-wallets are accepted.
Cryptocurrencies
CryptocurrencyInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Specific fees may apply depending on the cryptocurrency network; available where cryptocurrencies are accepted.
4
Free Deposit
4
Instant
1
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Global Domains

Worldwide web presence

1 site
🌐
https://synergyfxasia.com
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

2 platform

Corporate Network

Enterprise structure & relationships

1 entities

ACY SECURITIES PTY LTD

Australia
active

Registration

150565781

Established

2018-01-08

Comments

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