SynergyFX – legit or scam?

This topic has 4 replies, 1 voice, and was last updated 6 months ago by Salvo.

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June 8, 2024 at 07:07 #180003 Reply
Salvo
Pls can I know if SynergyFX can be trusted? Has Daytrading.com reviewed them or any readers traded with them?

TY!
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- June 10, 2024 at 06:53 #180092 Reply
  James Barra
  Moderator
  DayTrading.com Team
  Hi Salvo,
  
  Thank you for your message.
  
  We have reviewed SynergyFX and have some concerns regarding its regulatory credentials.
  
  On the bottom of its website it claims “SYNERGY FX MARKET is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission”. However, I’ve run its details through the relevant regulator’s registers and can’t find any evidence that it is indeed authorized by the SEC and CFTC.
  
  I have also contacted the firm directly for clarification but await a response. Additionally, I noted the support team have not been active on the live chat channel since 08/10/2023, which raises concerns about the availability of assistance when needed.
  
  Ultimately, I would be careful about registering with SynergyFX. You may want to explore other trusted brokers.
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- June 10, 2024 at 09:19 #180114 Reply
  Salvo
  Ok thanks but do all of those platforms in your page accept traders in Australia?
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- June 10, 2024 at 09:24 #180116 Reply
  James Barra
  Moderator
  DayTrading.com Team
  Yes, all of those brokers accept traders from Australia. Is that where you are based?
  
  If so, you may want to consider a broker regulated by the Australian Securities & Investments Commission (ASIC).
  
  All of the brokers in our trusted brokers guide are authorized by the ASIC with the exception of Trading 212.
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- June 10, 2024 at 15:16 #180241 Reply
  Salvo
  Yes based in Australia, thank you.
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