Synergy Markets review
Synergy Markets are part of ACY Securities. They operate as a standalone company offering ECN fulfillment of trades with very competitive spreads. Unlike many that focus on just offering tight spreads on a few majors, they have tight spreads across the board.
Their CEO puts a strong emphasis on his top team working in the business and being available to talk to people. The principles are to be open honest and transparent. That’s is what we all want with our brokers.
About Synergy Markets
Synergy Markets are an Australian based ECN broker focusing on achieving great trade executions via their dedicated Equinix trading servers based in London, New York and Hong Kong. They reduce latency by placing their servers next to their liquidity providers pricing engine servers. Have I lost you yet? Well basically it means that they are able to handle your large positions and are able to fill your trades fast!
They are currently just offering an MT4 and MT5 options which are simple to use. They are happy for traders to use Expert Advisers in whatever form that might take, i.e. Artificial intelligence.
Their focus is not only on providing tight spreads for the likes of the EUR/USD, USD/JPY, GBP/USD and AUD/USD but they offer very tight spreads across the cross pairs. They also aim to keep these tight throughout all of the market sessions. Every time I have looked at different times they have been very good across the range.
They are not currently offering an web based platform which will not worry most traders. If you are not familiar with MT4 I have recorded a series of videos on how to trade from MT4, setting up a watch list, the charts and analysing your trading results.
The important aspects of MT4 is that you can set up and trade from your charts very simply. Just about every indicator out there is available and you can of course use expert Advisors (EA’s).
The standard charts that come with MT4 or MT5 are relatively basic in their standard form although there are bolt-ons available out there which can make them more flexible should you wish to use them.
- EUR/USD 0.0
- GBP/USD 0.6
- USD/JPY 0.3
- AUD/USD 0.6
- USD/CAD 0.6
- AUD/CAD 1.2
- GBP/JPY 1.3
- note these spreads were taken off a live account at 07:50 in the morning. There is a commission on top of this which starts from around 7AUD.
Opening an account
Opening an account is simple. Under current Australian regulations you are able to trade with leverage up to 500:1 although personally 100 or 200:1 would be as far as I would go.
Once your account is open you will receive a link to the portal where you can download their MT4 or the mobile apps.
Just click on the button below to open an account.
FX and CFDs are leveraged products that can result in losses exceeding your deposit. They are not suitable for everyone so please ensure you fully understand the risks involved.
You can read more about risk by clicking here. We strongly recommend that you fully understand the risk in trading before opening an account with any broker.