SynergyFX Review 2021
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| SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms. | ||
SynergyFX is a multiple award-winning broker that offers traders Forex, CFDs, indices, shares, commodities. With SynergyFX traders can use both the MetaTrader4 and MetaTrader5 platforms.
In terms of features offered to traders, SynergyFX has Demo Accounts, Islamic Accounts, Social Trading and Auto Trading but is missing Signals.
Careful traders will be reassured knowing that SynergyFX is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.
SynergyFX Summary
SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities |
| Demo Account | ✓ |
| Min. Deposit | $50 |
| Min. Trade | 0.01 lots |
| Regulated By | ASIC, VFSC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✗ |
| Social Trading | ✓ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
Trade across several financial markets with up to 1:400 leverage.
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 1.4 |
| GBPUSD Spread | 1.5 |
| Oil Spread | 0.030 |
| Stocks Spread | Variable |
Forex Trading
Trade forex with competitive spreads.
| GBPUSD Spread | 1.5 |
|---|---|
| EURUSD Spread | 0.8 |
| EURGBP Spread | 1.3 |
| Assets | 40+ |
Payment Methods
SynergyFX accepts the following payment methods:
- Visa
- Skrill
Awards
SynergyFX is a multiple award-winning broker, with 3 awards received so far.
- Best Forex Broker 2018 - International Business Summit Malaysia
- Australian Best Forex Broker 2015 - Global Financial Market Review
- Best Currency Management Fund 2015 - GFMR
FAQ
Is SynergyFX Safe?
Yes, most likely, as we gave SynergyFX a trust score of 60% in our review. The main negative factor in this score is that SynergyFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does SynergyFX Accept PayPal?
No, SynergyFX does not accept PayPal payments.
Is SynergyFX Halal?
Yes, SynergyFX does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does SynergyFX support?
With SynergyFX you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is SynergyFX Regulated?
Yes, SynergyFX is regulated by 2 different regulators: ASIC and VFSC.
The fact that SynergyFX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
SynergyFX vs Other Brokers
If you want to compare SynergyFX with other brokers, use the detailed comparisons below.
- ActivTrades vs SynergyFX
- BitMex vs SynergyFX
- Global Prime vs SynergyFX
- SynergyFX vs Alpho
- SynergyFX vs FXPIG
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| SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms. | ||