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.
Synergy Markets, regulated by ASIC (the Australian Securities and Investments Commission), offers transparent trading conditions for accessing a wide range of financial instruments, including currency pairs, indices, stocks, and commodities. As part of ACY Group, Synergy Markets provides a secure trading environment by holding client funds in segregated trust accounts with the AA-rated Commonwealth Bank of Australia (CBA). Trades are executed on MetaTrader platforms.
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.
Top-5 Brokers Traders Prefer
Synergy Markets User Reviews
-
5-star
0%
-
4-star
33%
-
3-star
67%
-
2-star
0%
-
1-star
0%
-
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, OANDA and FOREX.com, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Synergy Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Synergy Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Synergy Markets Standard spreads Synergy Markets OANDA FOREX.com EUR/USD min, pips 1.0 0.1 0.7 EUR/USD max, pips 1.6 0.5 1.2 GPB/USD min, pips 1.3 0.1 0.9 GPB/USD max, pips 2.0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Synergy Markets RAW/ECN spreads Synergy Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Synergy Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Synergy Markets Non-Trading Fees Synergy Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-1 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-3 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
Synergy Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
ASIC Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 Synergy Markets Security Factors Foundation date - Negative balance protection YesVerification (KYC) No -
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.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- No Cent account
- No VIP account option
Synergy Markets account types vs top competitors Synergy Markets Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoSynergy Markets accounts trading conditions
Synergy Markets offers a range of account types for MT4 and one account type for the MT5 trading platform. Demo accounts are available.
Account types:
Account Type Description STPECN Account-MT4 It offers a cost-effective trading experience with only a floating spread as the fee. This eliminates additional commission charges. ZeroECN Account-MT4 Spreads here start at 0 pips and an additional commission of AUD 8.5 per lot is charged for trading Forex, metals, and oil. If the account currency differs from AUD, conversion fees apply. PureECN Account-MT4 It offers ultra-low spreads starting from 0 pips. A commission of AUD 7 per lot is charged for Forex, metals, and oil. Xchange Account-MT5 This account type is available only on MT5 and offers trading Forex and CFDs on stocks, commodities, and indices. Australian and U.S. stocks incur a 0.08% per transaction fee and a $0.02 per contract fee, respectively. Other instruments are fee-free. -
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.
Synergy Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Supports 5+ base account currencies
- Withdrawal fee applies
- BTC payments not accepted
- BTC not available as a base account currency
What are Synergy Markets deposit and withdrawal options?
Synergy Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill.
Synergy Markets Deposit and Withdrawal Methods vs Competitors Synergy Markets Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are Synergy Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Synergy Markets supports the following base account currencies: USD, EUR, GBP, JPY, AUD.
What are Synergy Markets's minimum deposit and withdrawal amounts?
The minimum deposit on Synergy Markets is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Synergy Markets’s support team.
-
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.
- 50 supported currency pairs
- Indices trading
- Futures not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Synergy Markets with its competitors, making it easier for you to find the perfect fit.
Synergy Markets Plus500 Trading.com Currency pairs 50 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 69 Stocks YesYesNoCommodity futures NoYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products Synergy Markets offers for beginner traders and investors who prefer not to engage in active trading.
Synergy Markets Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Synergy Markets account opening Synergy Markets Plus500 Trading.com Online Registration YesYesYesMinimum deposit $100 $100 $50 Mandatory KYC NoYesYesRegistration time (min) 20 20 KYC time (days) 2 3 2 Is Synergy Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To open an account with Synergy Markets, fill in a dedicated form and follow these simple steps:
Register on the broker’s website to create a user account.
Confirm your trading experience, including margin trading, by completing a short questionnaire.
Confirm your identity by providing scanned copies of your ID and payment documents.
-
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 /10Customer support at Synergy Markets is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Synergy Markets provides basic support functionality but does not stand out in overall service performance.
InformationSynergy Markets’ support is available from 09:00 to 18:00 AEST Monday through Friday.
- Visit to Australian offices
- Support is available in Chinese and English
- No live chat
- Limited availability
Available communication channels include:
- Email;
- Phone;
- Feedback form.
Contacts Registration address FL 65 SE 6503, 19 Martine PL, Sydney, NSW 2000 Regulation ASIC Licence number:
ACN: 663 617 212Official site https://www.synergymarkets.com.au/ Contacts contactus@synergymarkets.com +61 2 9188 2999
Best Synergy Markets Alternatives
FAQs
How secure is trading with Synergy Markets in terms of regulation and safety measures?
Synergy Markets has a safety score of 8/10, described as a high security level, and is regulated by the Australian Securities and Investments Commission (ASIC), which is classified as a Tier-1 regulator. The broker offers negative balance protection, but its track record is under 8 years and the foundation date is not specified in the review, and there is no specific investor compensation fund mentioned, although ASIC is noted as having stringent consumer protection.
What do reviews say about Synergy Markets’ spreads, commissions, and other fees?
According to the review, Synergy Markets’ overall fee level is rated as medium, with a fees score of 5/10, featuring tight EUR/USD spreads and no inactivity fee but above-average Forex trading fees and a deposit fee. On Standard accounts, EUR/USD spreads typically range from 1.0 to 1.6 pips and GBP/USD from 1.3 to 2.0 pips, while RAW/ECN accounts show average spreads of 0.1 pips on EUR/USD and 0.3 pips on GBP/USD with a $3.5 commission per lot, and non-trading fees include a 0–1% deposit fee and 0–3% withdrawal fee but no inactivity charge.
What do user reviews and feedback indicate about overall satisfaction with Synergy Markets?
Based on available user reviews, Synergy Markets has a user satisfaction score of 6.7/10 from 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 1- or 2-star ratings. This distribution suggests a generally mixed but moderately positive experience, with users not expressing strongly negative opinions in the reviewed comments.
What deposit and withdrawal conditions are mentioned in reviews of Synergy Markets?
The review states that Synergy Markets offers a medium level of efficiency and convenience for deposits and withdrawals, with bank cards, bank wire, and Skrill supported, and a minimum deposit of $100 and minimum withdrawal of $1. It notes advantages such as support for 5+ base currencies, a minimum deposit below the industry average, and low minimum withdrawal, while also mentioning that a deposit fee applies and that Wise and BTC payments are not accepted.
Which markets and instruments are available for trading at Synergy Markets according to reviews?
The review indicates that Synergy Markets offers a limited range of instruments overall, with 50 Forex currency pairs, stocks, and stock indices available, but no commodity futures, crypto, or options. It also notes that there are no bonds, ETFs, copy trading, PAMM investing, or managed accounts, and that crypto trading and copy trading are specifically not available.
Articles that may help you
-
#For Beginners
Synergy Markets Available Countries – Full List (2026)
October 2026 Andrey Mastykin -
#For Beginners
Synergy Markets Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Parshwa Turakhiya -
#For Beginners
How Fed Market Interventions Shape Markets And The Economy
October 2026 Andrey Mastykin -
#For Beginners
Best Forex Options Brokers For 2026
October 2026 Rinat Gismatullin -
#For Beginners
Best Brokers for Commodity Trading in 2026
October 2026 Winnifred Emmanuel -
#For Beginners
How to Start Investing in Foreign Currency
October 2026 Ivan Andriyenko -
#For Beginners
Breakout trading strategies and rules explained
October 2026 Oleg Tkachenko -
#For Beginners
Forex Brokers with Welcome Bonuses
October 2026 Oleg Tkachenko -
#For Beginners
Trading Strategy Guides | How does Trading Strategy Work?
October 2026 Parshwa Turakhiya
