Full Synergy FX Review (4.1 out of 5) A Step-by-Step Evaluation of the Broker

Synergy FX Review

Synergy FX is an online trading platform that was founded in 2008. The broker operates worldwide while its head office is located in Australia. Since the past 14 years, it has made its place in the global market and provides its customers multiple offers that may include Spread Betting Trading, Forex Trading, Share Dealing Trading, Social Trading and CFD Trading.

It is trusted by the traders and investors around the globe due to its exemplary services to its customers. Some of the distinct features of Synergy FX are mentioned below.

• Licensing and Regulation

The benchmark for the authenticity of a firm is the regulatory bodies looking after the activities and functions of that firm. In case if anything goes wrong, these bodies have the authority to take immediate action. Synergy FX is regulated by multiple trustworthy higher authorities. The broker is regulated by the Australian Securities and Investment Commission (ASIC). It is made to follow a set of rules and regulations ascribed by ASIC being declared mandatory.

• Account Types

Synergy FX offers multiple account types to its customers depending upon their need and investment portfolio. These accounts may include pureECN account, zeroECN account and stpECN account. All these accounts have their own specialty and cater different needs of the clients accordingly. The kind of account suitable for a person depends on the place where the investor resides and the country where the firm is operating.

• Deposits and Withdrawal Methods

The broker offers a multiple number of methods to its customers to carry out the transaction process. The payment transfer could be held through credit card, debit card, bank transfer and many other feasible methods according to the residence of the trader.

As per the rules, the broker does not charge any deposit fee. It has also described the minimum amount that could be deposited in the account depending on its type.

• Leverage

A leverage product provides the exposure opportunity to the traders in the international market. These products help in increasing the probability of profit for the traders but at the same time also increase the possibility of loss.

Synergy FX provides a huge leverage ratio opportunity to its clients that may vary between 1:200 to 1:500.

• Commissions and Fees

When the brokerage firm takes decisions on behalf of the traders, they charge an amount from the traders known as commission. The amount of commission varies on the product traded and the services provided by the broker.

The accounts integrated with Synergy FX provides the option to be dependent on spreads or on commission basis.

• Recognition and Awards

In the financial digital market, where the competition between the brokers has increased, being recognized by the higher authorities adds up to the profile of the broker. Synergy FX has been awarded multiple times by many reputable authorities.

It received “Best Investor Education Broker” award by FX168 in 2016. In addition to that, it has been declared as “Best Forex Broker’ at the International Business Summit Malaysia in 2008. Moreover, it has also got the title of “Chinese Most Influential Brand Financial Institution” which was given by Voice Mook in 2018 and the list goes on.

• Customer Support

To trade with a broker, one should make sure that it provides an efficient customer service to its clients. Synergy FX provides effective customer service in multiple languages that could be understood in major regions of the world. It operates 24 hours a day that can be accessed 5 days a week. One could access them via phone calls, live chat or email. Moreover, one could also contact the broker through the form available on their website.

Conclusion

Synergy FX is a reliable broker that provides suitable environment to the traders and investors where they could trade effectively and gain maximum profit through it. Moreover, being regulated by the higher authorities it makes sure that the customers feel secure and are kept safe from any scam or mishappening.