Score
SYNER MARKETS
https://www.synergymarkets.com.au/
Website
Rating Index
Contact
Forex License
No forex trading license found. Please be aware of the risks.
- This broker has been verified as having ceased operations and has been added to WikiFX's Stop of Business list. Please be aware of the risks.

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.
Account Info 

This section presents the core trading conditions for each account type offered by this broker, including trading environment, maximum leverage, minimum deposit, minimum trade size, spreads, commissions, deposit and withdrawal methods, account currency, EA support, and available trading instruments. It helps users quickly compare account requirements, trading costs, and product coverage, so they can decide whether a specific account type fits their trading needs before opening an account.

This section presents the core trading conditions for each account type offered by this broker, including trading environment, maximum leverage, minimum deposit, minimum trade size, spreads, commissions, deposit and withdrawal methods, account currency, EA support, and available trading instruments. It helps users quickly compare account requirements, trading costs, and product coverage, so they can decide whether a specific account type fits their trading needs before opening an account.
- Trading Env.--
- Currency--
- Maximum Leverage1:500
- SupportedEA
- Minimum Deposit$100
- Minimum Spreadstarting from ZERO
- Depositing Method--
- Withdrawal Method--
- Minimum Trade Size0.01
- CommissionFrom AUD $7 per round lot traded
- Trading InstrumentsForex, index, metals and commodities
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Verified Site 


This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.

This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.
synergymarkets.com.au
104.21.45.68synergymarkets.com
104.28.12.40
Company Profile
Company Profile
Review summary
| Synergy Markets Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Australia |
| Regulation | ASIC (Suspicious clone and exceeded) |
| Market Instruments | Currencies, equity indices, commodities and cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pips |
| Trading Platform | MT4 and MT5 |
| Min Deposit | $500 |
| Customer Support | Contact form |
| Tel: +61 2 9188 2999 | |
| Email: contactus@synergymarkets.com | |
| Address: FL 65 SE 6503, 19 Martine PL, Sydney, NSW 2000 / Tower B, Level 18, 799 Pacific Hwy, ChatswoodNSW 2067 | |
| Regional Restrictions | U.S. residents |
Based in Australia, Synergy Markets is a forex broker who offers over 50 tradable assets through advanced MT4 and MT5 trading platforms. It offers two kinds of live accounts and demo accounts with flexible leverage from 1:1 to 1:500 and floating spread from 0.1 pips. However, recently, it is not regulated as their licenses of ASIC are suspicious clones and exceeded.

Pros and Cons
| Pros | Cons |
| Various trading assets | ASIC (Suspicious clone and exceeded) |
| Demo accounts and FAQs sector provided | High minimum deposit requirement |
| Flexible leverage ratios | Limited payment options |
| No commissions | Withdrawal fee charged |
| MT4 and MT5 provided | US clients are not accepted |
| Multiple ways to contact |
Is Synergy Markets Legit?
Synergy Markets is not regulated by any institution. Their licenses of ASIC have been regarded as suspicious clones and exceeded.
| Regulatory Status | Exceeded |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | SYNERGY MARKETS PTY LTD |
| Licensed Type | Common Business Registration |
| Licensed Number | 663 617 212 |

| Regulatory Status | Suspicious Clone |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | ACY Securities Pty Ltd |
| Licensed Type | Market Making (MM) |
| Licensed Number | 403863 |

| Regulatory Status | Suspicious Clone |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | ACY Securities Pty Ltd |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | 474738 |

| Regulatory Status | Suspicious Clone |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | JET TRADE PTY LTD |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 001280648 |

What Can I Trade on Synergy Markets?
Synergy Markets offers traders access over 50 different FX related products including currencies, equity indices, commodities and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Equity Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |

Account Type
Synergy Markets provides two primary account types: the Standard Account and the ECN Account. The Standard Account requires a minimum deposit of $500. The ECN Account provides direct access to tier-1 liquidity providers, with a minimum deposit of $1,000. Additionally, an Expert Feed is available for professional traders handling large volumes. Trading accounts can be denominated in AUD, USD, EUR, GBP, and JPY. What's more, demo accounts are also offered.
| Account Type | Min Deposit |
| Standard | $500 |
| ECN | $1,000 |
Leverage
Synergy Markets offers leverage ranging from 1:1 to a maximum of 500:1 for both account types, significantly higher than what most brokers provide. The default leverage for both account types is 100:1.
Synergy Markets Fees
At Synergy Markets, they offer spreads ranging from 0.1 pips to 2-3 pips. They do not charge fees or commissions for trading.
For currencies, the minimum trade size is a micro lot, which is 0.01 lots or $1,000. For gold and silver, the minimum trade size is a mini lot, which is 0.1 lots or $10,000. The maximum trade size is 1,000 lots. The margin requirement depends on the trade size and the leverage set on your account.
| Trading Instrument | Min Trade Size | MaxTrade Size | Example Trade Size | Example Leverage | Margin Requirement |
| Currencies | Micro Lot (0.01 lots or $1,000) | 1,000 lots | Standard Lot (100,000) | 200:1 | $500 |
| Two Mini-Lots (2,000) | 100:1 | $200 | |||
| Gold | Standard Lot (100,000) | 200:1 | $500 | ||
| Two Mini-Lots (20,000) | 100:1 | $2,000 | |||
| Silver | Standard Lot (100,000) | 200:1 | $500 | ||
| Two Mini-Lots (20,000) | 100:1 | $2,000 |
Trading Platform
Synergy Markets provides support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, phone | Beginners |
| MT5 | ✔ | Desktop, phone | Experienced traders |

Deposit and Withdrawal
Synergy Markets provides cost-free deposits via bank transfers, with Australian transfers generally processed within 1 business day and international transfers requiring 3-5 days. Additionally, deposits made via credit and debit cards carry a 3% processing fee, with an additional 1% conversion fee for currency exchanges.
Withdrawals under $1,000 are assessed a 3% fee, while those exceeding $1,000 are fee-free. Withdrawal requests submitted before 14:00 AEST are processed on the same day.

Company Profile
- Stop of Business
- 5-10 years
- Questionable Regulatory License
- Suspicious Operational Region
- High Potential Risk
Wiki Q&A
Is SYNER MARKETS safe and reliable?
SYNER MARKETS presents significant safety concerns. According to WikiFX data, it holds no valid trading licenses from any recognized financial authority, meaning it operates entirely without regulatory oversight. This creates a fundamental lack of investor protection. The overall WikiFX score of 1.54 out of 10 quantitatively reflects these severe operational and regulatory deficiencies, indicating a highly risky profile.
Is SYNER MARKETS regulated?
No. SYNER MARKETS is not regulated by any recognized financial authority. It operates without any credible regulatory license or oversight, which is a critical factor for any trader to consider.
What is the minimum deposit of SYNER MARKETS?
The minimum deposit required to open a PureECN Trading account with SYNER MARKETS is $100.
Does SYNER MARKETS support MT4 or MT5?
Due to a temporary lack of publicly available platform data, it is not possible to confirm whether SYNER MARKETS supports the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Traders would need to verify this directly on the broker's official website or by contacting their customer support.

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