synergy fx vs Plus500, Who's The Best?
Read our In-Depth synergy fx vs Plus500 Review - for 2024
Our comprehensive analysis of synergy fx and Plus500 has been revised for 2024 from seasoned professionals boasting considerable financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of synergy fx vs Plus500 does not apply to all countries as follows:
synergy fx Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Plus500 Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare synergy fx vs Plus500
Every trading platforms will have a few ups and downs, and any comprehensive review of synergy fx and Plus500 should not be regarded as thorough without having a fair assessment.
Compare Plus500 and synergy fx to understand just how these platforms stack up with each before you choose to open an account. A comprehensive comparison can put things in perspective so that you are informed about what to expect.
So you are looking for a reputable broker and are choosing between synergy fx or Plus500. Who should you choose?
Our synergy fx vs Plus500 comparison contains the most recent information so you can easily compare Plus500 against synergy fx.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the ideal broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. synergy fx and Plus500 are just two such platforms that will take you and your investment into great heights. It's crucial that you compare synergy fx vs Plus500 before you trust them with your cash.
Our synergy fx vs Plus500 comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust synergy fx and Plus500 side by side.
Our entire synergy fx vs Plus500 Review covers all you need to learn about trading with either synergy fx or Plus500. A good broker can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your agent before you choose them. It is a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
synergy fx and Plus500 are both brokers that have forged their way successfully into the broker world. In this review, we've attempted to collate some of the important aspects of both synergy fx and Plus500. This review can help you to understand whether either Plus500 or synergy fx is a good fit for your investments or not. We've tried to breakdown all of the features and fees for your advantage.
Benefits of synergy fx and Plus500 Compared
synergy fx offers a minimum deposit of $250 while Plus500 offers a $100 minimum deposit.
Why smaller minimum deposits are good and how synergy fx and Plus500 compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
synergy fx has around 199 financial instruments while Plus500 has around 199 available.
The more instruments you can trade on the synergy fx and Plus500 platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of synergy fx or Plus500.
synergy fx and Plus500 Contact Details
Being able to contact an online trading platform simply is vital. synergy fx and Plus500 have the following contact details and social medias that you can use.
Broker | synergy fx | Plus500 |
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Telephone Number | +972 4-818-9503 | |
Address | Bldg 25 Matam, Haifa, Haifa, Israel | |
synergy fx Twitter Account | Plus500 Twitter Account | |
synergy fx Facebook Page | Plus500 Facebook Page | |
synergy fx Instagram Account | Plus500 Instagram Account | |
synergy fx LinkedIn Page | Plus500 LinkedIn Page | |
YouTube | synergy fx YouTube Channel | Plus500 YouTube Channel |
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Plus500 and synergy fx Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of synergy fx and Plus500 we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
synergy fx vs Plus500 - Awards
Broker | synergy fx | Plus500 |
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Awards | At the time of writing this synergy fx review, and despite synergy fx’s impressive offering, the company has surprisingly not garnered any awards to date. |
Plus500 have won several industry awards over the time they have been running as an online broker. We list the most recognised awards for Plus500 below.
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synergy fx vs Plus500 - Frequently Asked Questions
synergy fx vs Plus500 - Headquarters And Year Of Founding
synergy fx was founded in 2013 and has its head office in Cayman Islands.
Plus500 was founded in 2008 and has its headquaters in Israel.
What is the minimum deposit for Plus500 or synergy fx
The minimum deposit for synergy fx is $250.
The minimum deposit for Plus500 is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both synergy fx and Plus500 are a good option.
synergy fx vs Plus500 - Regulation And Licencing In More Detail
synergy fx is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F316.
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Both synergy fx and Plus500 have a strong collection of rules for ensuring fair trading onto their own platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare synergy fx vs Plus500 Commission And Fees
synergy fx and Plus500 are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people who are charged when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither synergy fx or Plus500 charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees billed by synergy fx and Plus500 are relatively higher. Consequently, you're billed more for non-trading actions on your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of resources.
This synergy fx vs Plus500 review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For synergy fx And Plus500
What Languages Do synergy fx And Plus500 Support?
Being able to chat completely with your online platform is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.
Below you will find the languages that both synergy fx and Plus500 support.
How Many Clients Do synergy fx and Plus500 Have?
Both synergy fx and Plus500 are well known and trusted. It is important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers synergy fx and Plus500 are active on their platform
What Payment Methods Do synergy fx and Plus500 Accept?
synergy fx and Plus500 both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at synergy fx and Plus500
What Can You Trade With synergy fx and Plus500?
synergy fx offers 199 trading instruments and Plus500 offers 2,000.
Below you will find a full breakdown of what both synergy fx and Plus500 offer.
synergy fx Review
synergy fx vs Plus500:
Table Of Contents
- Compare synergy fx vs Plus500
- Benefits of synergy fx and Plus500 Compared
- Plus500 and synergy fx Mobile App Comparison
- synergy fx vs Plus500 - Awards
- synergy fx vs Plus500 - Frequently Asked Questions
- What is the minimum deposit for Plus500 or synergy fx
- synergy fx vs Plus500 - Regulation And Licencing In More Detail
- Compare Broker Fees For synergy fx And Plus500
- What Languages Do synergy fx And Plus500 Support?
- How Many Clients Do synergy fx and Plus500 Have?
- What Payment Methods Do synergy fx and Plus500 Accept?
- What Can You Trade With synergy fx and Plus500?