SynergyFX Review 2021

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

SynergyFX is a multiple award-winning broker that provides access to 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

60%
Trust
66%
Instruments
85%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, commodities
Demo Account
Min. Deposit$50
Min. Trade0.01 lots
Regulated ByASIC, 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.

Leverage1:500
FTSE Spread1.4
GBPUSD Spread1.5
Oil Spread0.030
Stocks SpreadVariable

Forex Trading

Trade forex with competitive spreads.

GBPUSD Spread1.5
EURUSD Spread0.8
EURGBP Spread1.3
Assets40+

Binary Options Trading

Payout Percent

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
Risk Warning – Your capital is at risk

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 alternatives.

SynergyFX vs Other Brokers

If you want to compare SynergyFX with other brokers, use the detailed comparisons below.

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