Synergy FX Review 2024 (Expert Review)

Synergy FX Review Summary

SynergyFX is an online broker which aims to make trading as easy as possible for its customers. It offers low spreads, no fees for inactivity, and low deposit requirements. In addition, you will never have to pay a fee for inactivity. This company also offers a demo account so you can try out their services before you fully commit to the service. Its platform is user-friendly and offers a lot of features for both novice and experienced traders. The pricing structure is straightforward and easy to understand. You can choose between different trading strategies, which differ from instrument to instrument. Regardless of the trading strategy you choose, you'll find that SynergyFX's pricing is competitive and fair. You can choose to invest in currency pairs and spreads, or in a combination of both. With a range of financial products to choose from, you'll have a wide variety of trading opportunities.

Synergy FX review
Synergy FX Platform Features

Synergy FX main features and highlights

🗺️ Country of regulation	Australian Securities and Investments Commission (ASIC)
💰 Trading fees	No
💰 Inactivity fee	No
💰 Withdrawal fee	No
💰 Minimum deposit	100
🕖 Time to open a Synergy FX account	1-3 Days. *A Synergy FX demo account can be opened in a few minutes, but live Synergy FX trading account creation times will vary depending on how long it takes to process your Synergy FX KYC documents.
💳 Wire Transfer	No
👛 Depositing with electronic wallet	No
💱 Number of base currencies supported	1
🎮 Demo account provided	Yes
🛍️ Financial Instruments offered	Forex, Commodities, Indices, Stocks, Crypto, Futures

Synergy FX review
Synergy FX Financial Regulation

Synergy FX is regulated by Australian Securities and Investments Commission (ASIC).

Synergy FX review
Synergy FX Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Synergy FX include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Synergy FX can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

Synergy FX review
Synergy FX Advantages

One of the main advantages of using Synergy FX is around the clock service and support as well as research offerings. Not only this, but Synergy FX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Synergy FX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Synergy FX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Synergy FX offers stock quotes and trade information, making it easy for users to view how their investments are doing.

• Synergy FX has been in business over 10 years.
• Synergy FX offers Cryptocurrency Trading (Availability subject to regulation).
• Synergy FX offers Neteller as a payment method.
• Synergy FX offers Skrill as a payment method.
• Synergy FX offers ECN trading.
• Synergy FX offers Bitcoin Trading.
• Synergy FX offers a Apple Mac desktop trading platform.
• Synergy FX offers Spread Betting.
• Synergy FX offers Hedging.
• Synergy FX offers Scalping.
• Synergy FX offers mobile trading applications.

Synergy FX review
Synergy FX Disadvantages

Although Synergy FX has a lot of good points Synergy FX does not offer the below.

• Synergy FX does not offer Stock Trading (See Synergy FX alternatives who offer Stock Trading here)
• Synergy FX does not offer PayPal as a payment method (See Synergy FX alternatives who offer PayPal as a payment method here)
• Synergy FX does not offer Islamic Accounts (See Synergy FX alternatives who offer Islamic Accounts here)
• Synergy FX does not offer the MetaTrader 4 platform (See Synergy FX alternatives who offer the MetaTrader 4 platform here)
• Synergy FX does not offer the MetaTrader 5 platform (See Synergy FX alternatives who offer the MetaTrader 5 platform here)
• Synergy FX does not offer the cTrader platform (See Synergy FX alternatives who offer the cTrader platform here)
• Synergy FX does not offer mobile trading applications (See Synergy FX alternatives who offer mobile trading apps here)
• Synergy FX has inactivity fees (See Synergy FX alternatives who do not have inactivity fees here)

Risk Warning: Your capital is at risk.

Synergy FX review
Things to understand when trading with Synergy FX

Trading with Synergy FX involves risk. You should only risk capital with Synergy FX that you can afford to lose. Understand your risk tolerance with Synergy FX, and have a trading strategy that Synergy FX is able to help you execute. Synergy FX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Synergy FX give you access too.

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Synergy FX Trading Fees

Trading fees on Synergy FX are taken in the form of the spreads Synergy FX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Synergy FX. Synergy FX fees vary depending on the financial instruments traded and can include, Synergy FX overnight funding fees, spreads, margins and Synergy FX inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Synergy FX account charged by your 3rd party payment provider if your Synergy FX base currency is different from your Synergy FX withdrawal method.

Synergy FX review
Synergy FX Financial Instrument Fees

Synergy FX fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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Synergy FX Stock Trading Fees

The majority of Synergy FX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Synergy FX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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Synergy FX Forex Fees

Commission on Synergy FX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Synergy FX Forex fees is based on their trade size. To calculate Synergy FX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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Synergy FX Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Synergy FX cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Synergy FX cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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Synergy FX Non Trading Fees

Synergy FX non-trading fees include a variety of Synergy FX brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the Synergy FX trading platform. The most common non-trading fees include Synergy FX withdrawal fees, Synergy FX deposit fees and Synergy FX inactivity fees.

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Synergy FX Deposit Fees

Synergy FX does charge deposit fees in some cases. When funding your Synergy FX account there may be some Synergy FX deposit fees which will vary depending on the payment method you use to deposit to your live Synergy FX trading account.

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Synergy FX Inactivity Fees

Synergy FX does charge clients an inactivity fees for dormant Synergy FX trading accounts. A Synergy FX inactivity fee is a sum charged on Synergy FX brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

Synergy FX review
Synergy FX Withdrawal Fees

Synergy FX does charge Synergy FX clients small withdrawal fees. Withdrawals fees vary between Synergy FX and Synergy FX alternatives depending on where you are located and how much money you are withdrawing.

Synergy FX review
Synergy FX Account Fees

Synergy FX does not charge account fees. Account fees charged differ between Synergy FX and other brokers. An account is a fee that Synergy FX and other brokers assesses on all accounts for the ability to keep an account on their platform.

Synergy FX review
Synergy FX Account Opening

The Synergy FX account registration process is simple, user-friendly, and quick. Within 1-3 Days most Synergy FX trading accounts are ready for live trades. Our Synergy FX account was validated in 1 day, but live Synergy FX trading account verification times will vary depending on the time it takes to process your KYC documents and Synergy FX trading account application. A Synergy FX demo account can be opened in a few minutes.

Synergy FX trading accounts are available in over 194 countries. Synergy FX is restricted in the following countries.

Apart from the restricted countries a Synergy FX trading account can be opened globally.

The Synergy FX trading platform is available for residents in US. Some financial instruments Synergy FX offer may be restricted in your country.

• Fast Synergy FX account opening.
• Synergy FX accounts can be opened and KYC can be verified digitally.
• Synergy FX minimum deposit is 100 USD / GBP / EURO.
• Synergy FX trading account verification may be held up for longer than a day if there is an issue with verifying your account.

Synergy FX review
Synergy FX Deposit And Withdrawal

Synergy FX Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by Synergy FX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

Synergy FX offers the following account GBP, USD, EURO.

When trading make sure your Synergy FX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Synergy FX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

Synergy FX review
Synergy FX Deposit Fees and Deposit Methods

Investors can log in to their Synergy FX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Synergy FX trading accounts from an existing bank account or send the funds through a wire transfer or online check.

Synergy FX Deposit Fees

Making a deposit on your Synergy FX account is free.

Synergy FX Deposit Methods

There are several methods through which you can deposit money into your Synergy FX account. One can use a credit or debit card and Synergy FX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Synergy FX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Synergy FX account. Funding methods for Synergy FX include Credit cards, Skrill, Neteller, Bank Transfer,.

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Synergy FX Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your Synergy FX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Synergy FX positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Synergy FX account.

Synergy FX Fees When Withdrawing Your Account Balance

Synergy FX do not charge withdrawal fees. Some withdrawal fees are out of the control of Synergy FX and may be due to 3rd party payment providers and your account base currency.

Synergy FX Withdrawal Methods

Log into your Synergy FX trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Synergy FX account to your bank account. To withdraw money from your Synergy FX account you can use credit or debit cards. Synergy FX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Synergy FX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

Synergy FX review
Synergy FX Trading Platforms

As there are a number of tradable financial instruments available on the Synergy FX trading platform. Before investing in the Synergy FX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Synergy FX platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. Synergy FX offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on Synergy FX is available. Another thing to consider is your financial goals. Make sure that a Synergy FX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Synergy FX account. Ensure that Synergy FX allows you to focus on the type of trading that you want to focus on.

Make sure Synergy FX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Synergy FX, think about how easy it is to use for your personal needs. Does the Synergy FX platform offer real-time updates or delayed updates that are more informed? Remember to check if Synergy FX is well regulated, and what tradeable financial instruments Synergy FX has. Security is very important when it comes to trading with Synergy FX.

Synergy FX Web Trading Platform

A Synergy FX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Synergy FX which acts as a financial intermediary. Synergy FX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the Synergy FX mobile trading platform.

Synergy FX Apple IOS Trading Platform

A Synergy FX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Synergy FX Google Play Android Trading Platform

A Synergy FX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

Synergy FX review
Synergy FX Mobile Trading User Experience

Synergy FX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Synergy FX mobile trading refers to trading using a mobile phone.

Leading brokerages like Synergy FX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Synergy FX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Synergy FX. Once you have download the Synergy FX trading app, you are ready to begin.

Synergy FX review
Synergy FX Desktop Computer Trading Platform

A Synergy FX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Synergy FX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Synergy FX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

Synergy FX MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

Synergy FX PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using Synergy FX. A trading computer with access to a Synergy FX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

Synergy FX Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the Synergy FX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Synergy FX trading platform is very user friendly on a Mac device.

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Synergy FX Trading Look And Feel

The Synergy FX user interface (UI) is what Synergy FX traders will see and interact with first when trading with the Synergy FX trading platform. The Synergy FX is well designed. The goal of the Synergy FX trading UI is to make the Synergy FX user's experience intuitive. The Synergy FX application has good user experience and a good level of customer satisfaction.

Synergy FX Security

Synergy FX is a secure trading platform. Synergy FX offers traders security via 2 factor authentication, SSL encription when trading with Synergy FX. Synergy FX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Synergy FX. Rate limitation on Synergy FX suspicious account activities is another layer of protection that is provided for Synergy FX trading accounts, for example multiple failed login attempts with Synergy FX. You have the option to further safeguard your account by using Synergy FX Two-Factor Authentication (2FA), which provides an extra layer of security.

The Synergy FX trading infrastructure is constantly watched and guarded by a trained team at Synergy FX In addition, Synergy FX never send sensitive information without first encrypting on the Synergy FX trading platform using transport layer security (TLS) and SSL.

Synergy FX review
Placing A Buy Or Sell Order On Synergy FX

Available Synergy FX order types. # market, limit, stop, stop limit, Good until end of day / canceled.

Synergy FX Market Order

A Synergy FX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Synergy FX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Synergy FX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

Synergy FX Limit Order

A Synergy FX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

Synergy FX Stop Order

A Synergy FX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

Synergy FX Stop Limit Order

A Synergy FX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Synergy FX stop-limit order triggers a limit order when a stock price hits the stop level. A Synergy FX stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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Synergy FX Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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Synergy FX Trading Platform Features

Online trading platforms like Synergy FX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Synergy FX. The Synergy FX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Synergy FX.

Synergy FX Margin Trading

Synergy FX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Synergy FX margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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Synergy FX Account Types

Synergy FX Demo Account

Synergy FX offers demo accounts that gives traders the ability to purchase and sell Synergy FX financial instruments in a practice environment, using fake Synergy FX digital money and live market conditions and data. When you practise on a Synergy FX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Synergy FX platform. Synergy FX demo accounts allow you to experience and practice a variety of market charts, Synergy FX trading indicators, and trading strategies using Synergy FX.

Synergy FX Standard Account

Synergy FX offers a standard trading account, allowing Synergy FX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Synergy FX trading platform.

Synergy FX STP Account

Synergy FX STP (Straight Through Processing) account is a Synergy FX trading feature that involves sending Synergy FX client orders directly to the market without passing them through a dealing desk. A Synergy FX STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

Synergy FX ECN Account

A Synergy FX ECN (Electronic Communications Network) account is a pure order-matching execution system, where Synergy FX, as a provider, charges a commission per Synergy FX trade instead of inflating the spread, occurring more naturally within the Synergy FX order-matching process. A Synergy FX ECN is a financial intermediary that uses electronic communications networks to give Synergy FX clients direct access to other participants in equity and currency markets. As an ECN broker, Synergy FX only matches Synergy FX trades between other market participants; it cannot trade against the Synergy FX client.

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Synergy FX Tradable Financial Instruments

Synergy FX tradable financial instruments are the financial instruments that are specifically available to trade on the Synergy FX trading platform. This refers to the different types of financial markets you can trade with through Synergy FX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Synergy FX.

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Synergy FX Trading Stocks

Stock trading with Synergy FX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Synergy FX; if you possess the stock on Synergy FX, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on Synergy FX involves purchasing and selling stocks and share using Synergy FX periodically in order to time trades against the stock markets, with the aim of using Synergy FX to profit from your stock trading. Synergy FX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Synergy FX. Stock traders on Synergy FX conduct significant study, frequently dedicating several hours every day to market monitoring using Synergy FX trading tools.

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Synergy FX Trading ETFs

What Are ETFs

Synergy FX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Synergy FX does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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Synergy FX Trading Cryptocurrencies

Synergy FX offers cryptocurrency trading.

Cryptocurrency trading can be conducted using Synergy FX to buy and sell the cryptocurrency financial instruments on Synergy FX. Cryptocurrency trading can also be done using a cryptocurency CFD Synergy FX trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using Synergy FX. A CFD is a high risk leveraged trade between the trader and the Synergy FX brokerage. No underlying assets are exchanged with a Synergy FX CFD contract, it is purely speculation on the crypto financial instruments price movements with Synergy FX. Synergy FX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if Synergy FX CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with Synergy FX. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with Synergy FX.

Cryptocurrency trading is not offered by Synergy FX, so you will need to find a Synergy FX alternative that allows you to buy and sell the underlying cryptocurrency assets. Synergy FX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Synergy FX alternative and make sure you undertand the risks fully before trading.

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Synergy FX Forex Trading

Forex trading with Synergy FX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Synergy FX. The main aim of Synergy FX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Synergy FX. As a Synergy FX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Synergy FX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Synergy FX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Synergy FX.

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Synergy FX Commodities Trading

Commodity trading is a type of trading available on Synergy FX where individuals or businesses buy and sell financial instruments using Synergy FX related to commodities, such as metals or oil.

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Synergy FX Options Trading

Synergy FX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Synergy FX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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Synergy FX Futures Trading

Futures trading with Synergy FX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Synergy FX to facilitate the trade. A Synergy FX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Synergy FX. Typically, futures contracts are traded on an exchange such as Synergy FX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Synergy FX trader to the contract agrees to provide it.

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Synergy FX Bonds Trading

Bonds trading on Synergy FX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Synergy FX trader. Bonds can be bought and sold on Synergy FX after they are issued. While some bonds are traded publicly through Synergy FX, most trade over-the-counter between large broker-dealers like Synergy FX acting on their clients' or their own behalf. Yield is therefore based on the Synergy FX purchase price of the bond as well as the coupon.

Synergy FX CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

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Synergy FX Trading Research Tools

Taking advantage of Synergy FX trading research tools which are designed to help traders analyse potential investments using the Synergy FX trading platform. Some Synergy FX research tools include charts, technical analysis, and Synergy FX trading indicators.

Synergy FX Trading News

Traders can follow the markets and make wise investment decisions on Synergy FX by using the news to help form a strategy when it comes to choosing investments. A Synergy FX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

Synergy FX Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Synergy FX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

Synergy FX Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Synergy FX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

Synergy FX Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Synergy FX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

Synergy FX portfolios

Trading portfolios are useful when trading with Synergy FX.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A Synergy FX trading portfolio is a traders collection of investments, which may include a variety of Synergy FX financial instruments.

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Synergy FX Payment Methods

A Synergy FX payment method is required to fund your Synergy FX trading account before placing a buy or sell order on a financial instrument.

When trading with Synergy FX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Synergy FX do not have any control over.

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Synergy FX Withdrawl Methods

When trading with Synergy FX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Synergy FX account balance. Synergy FX may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your Synergy FX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

Synergy FX Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Synergy FX account.

Withdrawal requests can take up to three business days to be processed by Synergy FX.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your Synergy FX should arrive in less than 24 hours.

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Synergy FX Customer Support

Customer support represents the resources within the Synergy FX company that provides technical assistance to its customers after they use the Synergy FX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

Synergy FX offer email, livechat, phone, customer support.

Synergy FX Email Support

Synergy FX offers email support.

Email support is a a convenient method of Synergy FX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Synergy FX regarding your support request.

Synergy FX Livechat Support

Synergy FX offers livechat support.

Synergy FX live chat support is a way for customers to obtain help from Synergy FX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

Synergy FX Telephone Support

Synergy FX offers telephone support.

Synergy FX telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Synergy FX call centre to give or take information.

Synergy FX Average Support Response times

Contact Method	Average Response Time
Synergy FX Live Chat	4 minutes
Synergy FX Email	6 hours
Synergy FX Phone	5 minutes

We tested the customer service response times of Synergy FX on Monday, October 21, 2024.

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Synergy FX Educational Resources

Synergy FX educational resources are used throughout the Synergy FX learning environment to help and assist with customer's development and learning of trading on Synergy FX. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Synergy FX trading tools. Educational resources like some of the resources available with Synergy FX are a good as part of a wider set of educational guides and information from else where online.

Some of the Synergy FX trading guides and information that we found useful included forex trading courses, market psychology webinars, platform tutorials, daily news.

Synergy FX Trading Platform Tutorials

Synergy FX offer a range of learning resources and tutorials and guides made available to registered Synergy FX users. The Synergy FX guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Synergy FX users on basic trading principles.

Synergy FX Trading Videos

Synergy FX offer a selection of online trading videos.

Trading videos on Synergy FX help new and even more experienced investors gain insights into Synergy FX technical analysis tools and how the different financial markets work when trading on Synergy FX.

Synergy FX trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Synergy FX training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Synergy FX to trade live financial markets.

Synergy FX Webinars

Synergy FX offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Synergy FX clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Synergy FX trading platform.

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Synergy FX Financial Regulation When Trading

Financial regulations on Synergy FX protect consumers' investments. Regulations prevent financial fraud and limit the risks that Synergy FX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Synergy FX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is Synergy FX Regulated?

Synergy FX is regulated by Australian Securities and Investments Commission (ASIC).

Synergy FX is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Synergy FX are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Synergy FX investors, directly with financial regulators in your country.

Synergy FX Regulatory Protection Limits

When registering with Synergy FX you must check with regulatory body your Synergy FX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Synergy FX account is over seen by. Synergy FX client funds are stored in segregated 3rd party bank account in accordance with Synergy FX financial regulators.

Client country	Investor protection amount	Regulator
United Kingdom	£85,000	Financial Conduct Authority (FCA)
EU Investor Compensation Scheme	max €50,000	Directive of The European Parliament and European Commission
Other countries	90% of your funds, max €20,000	Bulgarian Financial Supervision Commission (FSC)

Synergy FX Trading Signals

Synergy FX offers trading signals to Synergy FX clients.

Synergy FX trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A Synergy FX trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the Synergy FX trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does Synergy FX make money?

Because Synergy FX acts as an intermediary, Synergy FX gets compensated on buy and sell transactions of financial instruments. As a result, Synergy FX profit is determined by the volume and number of transactions. Synergy FX earns revenue to fund their Synergy FX platforms and wide range of trading services through market spreads.

Can you buy shares on Synergy FX?

Synergy FX does not provide customers with real company shares trading. Synergy FX offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and Synergy FX on the speculative up or down price movement on an agreed stocks price movement.

Does Synergy FX offer Cryptocurrency?

Synergy FX does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

Synergy FX Lower fees, lower costs?

Synergy FX have reasonable trading fees and costs. Synergy FX do not charge a deposit fee. Synergy FX may charge a withdrawal fee. Some withdrawal fees are out of the control of Synergy FX and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

Synergy FX minimum deposit is 100 USD / GBP / EUR.

How to start your Synergy FX account?

You can sign up for a live or demo Synergy FX trading account by visiting Synergy FX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Synergy FX account here.

How's the Synergy FX trading app?

Synergy FX allow traders to trade financial markets on Synergy FX does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.

You can tryout the Synergy FX trading app here. Your capital is at risk

Is the quality of Synergy FX customer service satisfactory?

Synergy FX have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

Synergy FX is a good trading platform for new traders as Synergy FX offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from Synergy FX?

Synergy FX offer a good selection of withdrawal options. Once Synergy FX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best Synergy FX Alternatives Reviews

If Synergy FX isnt quite what you are looking for you can check out some of the best Synergy FX alternatives below.

• IC Markets Review (read our in depth 2024 review)
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Best Synergy FX Alternatives In Detail

If you would like to see Synergy FX compared agains some of the best Synergy FX alternatives available right now you can do so by clicking on the links below.

• IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
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