Synergy Markets Review
💲 Min Deposit $100
⌛ Year Established 2011
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.synergymarkets.com
🌎 Country
⚖ Max Leverage 1:500
👨💻 PAMM
📁 Segregated accounts
📈 Managed accounts
📊 MAM
📖 Free education
Synergy Markets is a well-established broker since 2011. Synergy Markets has a headquarter in Australia. Synergy Markets to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by ASIC AFSL 403863.
Account Information
Apart from the forex demo account, this broker offers Standard, ECN and PureECN. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Synergy Markets is up to 1: 500. Meanwhile, you can open an account with a starting capital of $100.
Min Deposit
$100
Max Leverage
1:500
Spread
Variable
Commission
$5.50
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $500
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Synergy Markets also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, Synergy Markets specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
💲 Min Deposit $1000
💡 Min Position 0.1 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $5.50
Instruments Traded
Besides lots of currency pair, Synergy Markets also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN account, Synergy Markets specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $7
Instruments Traded
Besides lots of currency pair, Synergy Markets also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for PureECN account, Synergy Markets specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
Payment Methods
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Synergy Markets also provides payment with UnionPay and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Synergy Markets offers you MetaTrader 4 and MetaTrader 5.
Customer Support
Do you have any question or find any trouble related to Synergy Markets? If you do, you should reach Synergy Markets's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Synergy Markets
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Synergy Markets is a good broker for you or not by reviewing the criteria. In general, Synergy Markets provides trading service in Forex and Gold & silver . As for the payment methods, you can choose between Skrill, Wire transfer, Credit/debit cards and UnionPay. The customer support is available via Web form, Phone, Live chat and Office.
The starting capital in Synergy Markets is $$100.
Synergy Markets is regulated by ASIC AFSL 403863. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Synergy Markets is a brokerage company offering trading services for clients since 2011 with offices in Australia.
