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.
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