SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.
SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.
SynergyFX is a multiple award-winning broker that gives traders access to Forex, CFDs, indices, shares, commodities. With SynergyFX traders can use both the MetaTrader 4 and MetaTrader 5 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
50%
Instruments
85%
Features
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
Doku Wallet
Credit Card
UnionPay
Mastercard
Wire Transfer
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 this 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.
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 in the UK?
No, SynergyFX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
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.