Synergy FX Review
Read our Synergy FX review and learn why we recommend this broker for online trading. Synergy FX is a great trading platform that offers features and services that suit traders from different backgrounds.
Synergy FX Review
Synergy FX is a reputable brokerage firm operating since 2011. It is an Australian based broker that provides its customers a number of services. These services may include Forex trading and access to multiple products, indices and precious metals. The headquarters of Synergy FX are located in Sydney, Australia.
Is Synergy FX a scam?
No, Synergy FX is a reliable digital broker firm. It is looked after by a number of authorities. The Australian Security Investment Company (ASIC) regulates its activities and functions. It is a registered broker and holds all the licenses that are required according to the rules of ASIC and that of Australian law.
As the growing competition in the financial market, the broker has equipped its services with all the advanced tools and techniques here are some distinct features of the broker that makes it a reliable firm to work with.
- Protection of Funds
As per the guidelines and the regulatory requirements, the broker secures the funds of the clients in segregated accounts. It ensures safe transactions and holding the credentials of the customers private in accordance with the strict guidelines of the authorities. It also keeps a check on the internal processes and accountability of the employees.
Many broker firms offer sign up bonuses or deposit bonuses to people to attract more and more customers. This is a way to entrust the customers that they will be returned back a certain amount after they invest.
In 2020, Synergy FX offered a $200 promotion award for the customers. For this purpose, it set a criterion that the minimum balance for opening an account should be over $2000 and it should trade at least 15 standard lots within a time period of 2 months.
- Trading Platforms
The trading platforms provide the opportunity to its customers to trade anywhere and anytime with just a single click. It is actually a trading software that assists the clients in trading.
Synergy FX uses MetaTrader4 (MT4) for this purpose. It is known for the advanced tools and options it provides the customers to trade feasibly. It includes a number of charts and add-ons that help the customers to analyze the market conditions more accurately. This software can be accessed through the desktop web, mobile phones or tablets.
- Tools and Market
Synergy FX offers multiple tools and products to its customers that could be traded. These may include Forex, Indices, precious Metals, Energy and Cryptocurrencies such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Ripple.
The key to gain the maximum profit out of the investment made is to have a sound knowledge of the techniques and tools used in trading. One should acquire all the trading skills and get all the required information before hand for effective trading.
Synergy FX provides an opportunity to get your hands on to 15 different market reports and tools related to forex trading. This may include the daily life market analysis and market summaries that may help the customers to analyze the situation in a better way.
Traders can also access to the economic calendar and the Forex and global market news that could help them in trading.
- Educational Resources
One should train himself before trading with a broker. Successful trading is dependent on effective knowledge of everything that one is doing and making sure that he is investing smartly. Synergy FX directs the traders to good educational resources that prove fruitful for them.
These resources may include online trading courses, seminars, webinars, in depth trading lectures, E-books, economic calendar, market blogs and most importantly motivational lectures to build the traders’ confidence and urge them to acquire basic skills. For this purpose, they also hold trading contests.
Providing all the advanced techniques and tools to the customers, Synergy FX has made a reliable and trustworthy place in the digital market. Traders rely on the firm due to its excellent marketing strategies and most importantly the professionalism of the broker that is mandatory to trade effectively.