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Synergy FX Fees and Spreads

Synergy FX Fees and Spreads

 

Overall Rating

4.7/5

Rated #261 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

40+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Synergy FX uses a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account. with spreads from 0.0 – 3 pips.

Synergy FX account fees, while deposits and Withdrawal fees vary depending on your selected withdrawal payment method. Synergy FX also charges an inactive fee.

Finding a reputable list about Synergy FX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Synergy FX offers variable spreads on its various accounts, starting from 0 pips to 2-3 pips, depending on the account type, the currency pair, and market conditions.

Fees, spreads, and commissions that traders can expect when trading with Synergy FX is as follows:

  • Withdrawal fees vary depending on your selected withdrawal payment method.
  • A fee for inactive accounts.
  • Deposit fees that differ according to the payment method
  • Commission on CFD instruments.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can expect that overnight, or swap fees may be charged when positions are held for longer than a trading day.

Synergy FX makes provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned. This option is however only available for day trading.

The Ssynergy FX support team can also advise whether spread betting is allowed and what spread betting fees could apply.

 

Overall Rating

4.7/5

Rated #261 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

40+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Synergy FX uses a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

Such fees can differ depending on the trading type, financial asset type, and what level of trading account you have.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

There are no further hidden fees apart from inactivity, deposit fees, or withdrawal fees at Synergy FX.

 

Pros and Cons

✔️PROS ❌ CONS
Competitive trading conditions Islamic Account/Swap-free provided only for day trading
Spreads are tight

 

You might also like: Synergy FX Minimum Deposit

You might also like: Synergy FX Demo Account

You might also like: Synergy FX Sign up Bonus

You might also like: Synergy FX Account types

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Synergy FX?

You can trade 60 different instruments with Synergy FX, which include the following:

  • 41 different FX pairs,
  • 4 types of precious metals and
  • 15 global stock indices

 

Which platforms are supported by Synergy FX?

Synergy FX provides the following popular trading platforms:

  • MT4.
  • MT5

 

Does Synergy FX offer leverage?

Yes, Synergy FX offers maximum leverage of 1: 500

 

What spreads can I expect with Synergy FX?

Synergy FX offers variable spreads on its various accounts. variable spreads range from extremely competitive from 0 pips to 2-3 pips, depending on your account type, the currency pair, and market conditions. If details on the website are not comprehensive, more information can be obtained from the customer support service.

 

Does Synergy FX charge commission?

Yes, more information on commissions can be obtained from the customer support service.

 

Are there additional charges on the Islamic account?

Such charges are not indicated on the account features pages, hence Muslim traders are advised to contact the support team to find out about fees like wider spreads, additional commissions, or administration fees.

 

Is Synergy FX regulated?

Yes, Synergy FX is regulated by ASIC and VFSC

 

Is Synergy FX a recommended forex trading broker for experts and beginners?

Synergy FX offers a fair trading environment for all types of traders.

 

What is the overall rating out of 10 for Synergy FX?

7/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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