Launched in 2011 in Sydney, Australia, Synergy Markets is a Forex/CFD broker that offers online trading services to traders in Australia and other parts of the world whilst operating as an ECN brokerage model with No Dealing Desk (NDD) intervention. They offer over 50 different financial products, including currency trading, equity, indices, commodities, and cryptocurrencies, via the sophisticated MT4 and MT5 trading platforms. The broker also offers multiple account options, with a required minimum deposit of $500, competitive spreads starting from 0.0 pips, and a leverage of up to 1:500.
Synergy Markets Review Introduction
In this Synergy Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Synergy Markets.
Synergy Markets Platforms & Tools
Synergy Markets allows traders to trade the offered instruments using the industry’s top-rated platforms: MT4 and MT5 trading platforms. The MT4 was developed in 2005 by the Russian software company, MetaQuotes and has since grown to become one of the industry’s leading platforms, having an intuitive yet user-friendly interface, which makes it a platform of choice amongst traders of all experience levels. It is fully customizable and is packed with built-in tools, custom indicators for advanced technical analysis, and Expert Advisors for the automation of trades.
The MT5 platform was built later in 2010 to succeed the MT4 platform. It has all of the same features of its predecessor but with more advanced features and extended capabilities. Both the MT4 and MT5 trading platforms are available in desktop, web, and mobile versions.
Synergy Markets Research & Education
Educational resources such as News, an FAQ section, and a Market Info section that contains Training Guides, Webinars, and Video Tutorials, are available on their website. They help to improve their trading skills and also keep them updated on the latest happenings in the financial markets.
Synergy Markets Trading Accounts
The broker gives traders a choice of two trading account options, namely: Standard Account and an ECN Account. The Standard Account allows you to trade with a minimum deposit of $500 and enjoy competitive market pricing and no commissions. On the other hand, the ECN Account has a minimum deposit of $1,000.
There are also the MAM/PAMM accounts for account managers. Demo accounts are provided for practice purposes. They come preloaded with virtual funds, allowing you to practice your trading strategies and familiarise yourself with the broker’s services.
Synergy Markets Account Funding
The following payment methods are available at Synergy Markets for deposits and withdrawals: bank transfer, E-payments, and major credit/debit cards, such as Visa and MasterCard.
Synergy Markets Customer Service
The broker’s client support team is available 24/7 to respond to traders’ inquiries via telephone, email, an online form, and Live Chat.
Synergy Markets Regulation
Synergy Markets is a registered trading name of ACY Securities Pty Ltd, which is licensed and regulated by the Australia Securities and Investments Commission (ASIC). Their Australian Financial Services License (AFSL) number is 403863.
Synergy Markets Review Summary
Overall, Synergy Markets is an online trading broker that is based in Australia, providing traders with the MetaTrader 4 and MetaTrader 5 trading platforms for trading multiple financial assets. They have multiple account options with a required minimum deposit of $500, spreads starting from 0.0 pips, and flexible leverage of up to 1:500.
It is worth mentioning that some of the trading products and services in this Synergy Markets review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Synergy Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.