Synergy FX

Editorial Rating:
2.83
Accept US Traders:
No

SynergyFX.com

Thanks to the absence of a dealing desk, Synergy FX has become one of Australia’s leading Forex platforms since its inception in 2011. Backed by a team of qualified money managers, professional Forex traders and financial experts, Synergy FX is an online broker which caters to traders of all levels.

Being fully regulated by the Australian Financial Services not only means that users can trade with peace of mind, but that all their funds are fully segregated. Held in trusts accounts at the Commonwealth Bank of Australia (CBA), each member’s money is fully secured and guaranteed in the event of the company becoming insolvent.

To further add to the appeal of Synergy FX one has to look towards its links with many of the world’s top banking institutions. Standing as a testament to the company’s solid reputation within the FX industry, members will have direct access to 20 global banks through the Synergy FX platform. Indeed, this liquidity means spreads are tight and the scope for profit is extremely high, even for traders with a small investment capital.

SynergyFX.com’s Special FX:

One of the standout features of Synergy FX is its ability to offer competitive currency exchange rates. Although primarily designed for companies, the site’s ability to offer better margins on international payments means users can always get the most from their accounts.

Indeed, many sites fail to properly cater for international customers when it comes to payments, which means they lose money when they make a withdrawal. However, thanks to Synergy FX’s commitment to international currency exchange, its rates are always attractive which means every member will lose as little as possible when it comes to withdrawing money from their account into their national currency.

The Essentials:

Utilising the MetaTrader 4 platform, Synergy FX is able to offer its members two routes into the FX market. Depending on the style of trading a user prefers they can either choose with standard account or the ECN account with a slightly higher minimum deposit amount.

 

                                                                ENC Account                                                      Standard Account

Spreads:                                                      Variable                                                     Variable

Commissions:                                    $3.5 per 100,000 traded                                          None

Execution:                                                 Market Execution                                       Market Execution

Minimum Deposit:                                           $1000                                                        $500

Trading Styles:                                                  EAs, scalpers, hedging welcome on both accounts           

Minimum Trade Size:                                       0.1 lots                                                     0.01 lots

Base Currency Available:                                      USD, AUD, EUR, GBP, and JPY on both accounts

Minimum Leverage:                                     Up to 100:1                                                 Up to 500:1

Margin Call & Stop Out Levels:                     100% and 50%                                            100% and 50%

Execution Style:                                            STP/ ECN                                                     STP/ ECN

 

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fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.