What is SynergyFX?
SynergyFX Review: SynergyFX is an online network trading firm that is free to join and was created by Marcus Leary back in 1999. This company offers two types of trading which are: Forex day trading and Forex swing trading. Forex day trading is when you trade one currency against another, and Forex swing trading is buying and selling pairs of currencies on the same day. The two techniques can be used to create a profit for investors. You can also use them in tandem if you prefer.
Get started with SynergyFX
In order to get started, all you need to do is sign up for an account with Synergy FX. Then create your account by going to the Synergy FX home page and clicking on the Create Account link. Provide information about your name, email address, and a valid credit card or PayPal account. You will also be required to select a brokerage firm. Once you have done so, you will need to create a trading strategy by selecting from the various choices available in the section labeled ‘Trading Style.’ The style can be anything from scalping, high risk, entry, exit, stop-loss, and leverage.
Once you have chosen a style, click on the button labeled Get Started. You will then be taken to a form that needs to be filled out. On that form, you will need to choose a market to trade in, and a broker that is approved by Synergy FX. Choosing a broker will ensure that you receive commissions for your trading activities. After you have completed those steps, you should be ready to begin trading.
All transactions with Synergy FX are completed through PayPal, which is usually a very safe transaction method. Since the trading platform is hosted by an online bank, it is protected by the Secure Socket Layer (SSL). This means that your financial and personal information is kept safe while it is being transferred from one part of the world to another. If you have an online banking account, you can use that account to access your trading account, so that you can start earning money right away!
When you are ready to trade, you simply place an order. Just make sure that you can meet the order limit before you begin paying commissions. You will receive an icon on your trading account to let you know that you have placed an order to buy or to sell. When the market reaches the highest point of leverage, you will make money if your order was successful.
Overall, managing your Synergy FX trading accounts is very easy. You can either log in from your web browser or from your email on a daily basis. If you are a novice trader, you should read up on all of the information that is available on the Internet about how to successfully manage your account. Once you know the basics, you can then decide what types of trades you want to enter into as well as how much risk you are willing to take.
- Provides Demo Account facility.
- The social trading feature is also available.
- You’ll also find the Copy trading facility.
- Synergy comes along with Advanced financial Chart comparison tools.
- The research analysis is also available.
- Compatible with all browsers and all devices.
- This platform is available in 15 types of different languages.
- When SynergyFX was established?
The SynergyFX was established in 2008 regulated by ASIC- Australian Securities and Investments Commission.
- Is SynergyFX global?
Yes, SynergyFX is globally available in 194 countries worldwide. SynergyFX is providing its services in 194 countries including Asia, Europe, Oceania, Africa, Germany, UK, South Africa, Australia, United States, Thailand, Canada, China, etc. There are more than 10000 users available on SynergyFX.
- What are the Charges on SynergyFX?
There is various kind of charges taken by SynergyFx. They charge for the inactive accounts on their platform. Also, you need to pay the deposit fees. As well as brokers charges on various trading services.
- Does SynergyFX charge any commission fees?
Yes, SynergyFX brokers charge the commission fees for the trading services. They charge the commission fees on the client transaction. If the broker is not able to fulfill the market order then you don’t need to pay any commission fees.