Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Synergy Markets Pros & Cons
- Transparent trading conditions and access to ECN (Electronic Communication Network) accounts types;
- Equinix NY4 data center provides fast order execution;
- PAMM and MAM accounts for generating passive income;
- ASIC regulation ensures client funds protection;
- Support for copy trading and expert advisors (EAs);
- Instant deposits and fast withdrawals.
- High initial deposit;
- No educational materials for novice traders.
TU Expert Verdict
Synergy Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Synergy Markets User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of Synergy Markets have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
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Is Synergy Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8 /10Synergy Markets has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.1 /10Synergy Markets offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Demo account
- Standard account with balanced trading conditions
- No Swap Free account
- Micro lots are not available
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10Synergy Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.5 /10Synergy Markets offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 50 Forex pairs.
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Trading Account Opening
We successfully registered an account with Synergy Markets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Synergy Markets is $100.Score:We evaluated Trading Account Opening at Synergy Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at Synergy Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.1 /10
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FAQs
How are trading commissions and non-trading fees structured at Synergy Markets?
Synergy Markets has been rated as having medium overall fees, with a fees score of 5/10, and its conditions include a tight EUR/USD spread but above-average Forex trading fees and a deposit fee. On Standard accounts, costs are built into floating spreads (for example, EUR/USD typically ranges from 1.0 to 1.6 pips), while RAW/ECN accounts combine low average spreads (around 0.1 pips on EUR/USD) with a commission of $3.5 per lot. Non-trading fees include a 0–1% deposit fee, 0–3% withdrawal fee, and no inactivity fee.
What types of trading accounts does Synergy Markets provide and how do their fees differ?
Synergy Markets offers Demo, Standard, and ECN/Raw spread accounts, with no Cent or Micro accounts and no swap-free, VIP, or managed options. On MT4, the STPECN account uses only floating spreads with no extra commission, while ZeroECN and PureECN accounts have spreads from 0 pips plus commissions of AUD 8.5 and AUD 7 per lot respectively for Forex, metals, and oil. The Xchange MT5 account supports Forex and CFDs on stocks, commodities, and indices, with Australian stocks charged 0.08% per transaction and U.S. stocks $0.02 per contract, while other instruments are described as fee-free.
What do user reviews and feedback indicate about overall satisfaction with Synergy Markets?
Synergy Markets has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 1- or 2-star ratings reported. This distribution suggests a generally mixed but moderately positive experience rather than strongly enthusiastic or strongly negative views. According to user reviews, opinions vary and the sample size is small, so the picture may not be comprehensive.
Which markets and tradable assets are available with Synergy Markets according to reviews and analysis?
Synergy Markets supports 50 currency pairs and provides access to stocks and stock indices, but does not offer commodity futures, cryptocurrencies, options, bonds, ETFs, copy trading, PAMM investing, or managed accounts. The review notes that the overall asset selection is limited compared with the market average, despite the availability of indices trading and a relatively wide range of Forex pairs. The total number of assets is stated as 0 in the section, which appears inconsistent with the listed instruments and is not further explained.
How does the trading account opening process at Synergy Markets work based on available feedback?
The review describes the Synergy Markets onboarding process as fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, and a minimum deposit of $100. Account opening involves registering on the website, answering a short questionnaire about trading experience, and providing scanned ID and payment documents, although approval may take longer depending on the documentation. Mandatory KYC is marked as “No” in the table, but the section also states that identity confirmation is required, and this discrepancy is not clarified further.
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