FreshForex
synergy fx
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while synergy fx was established in 2013 and is based in Cayman Islands. FreshForex holds licences including SVGFSA 20623 IBC 2012, while synergy fx is regulated by Financial Conduct Authority (FCA) among others. FreshForex serves 710,000+ clients worldwide; synergy fx has 10,000+. The minimum deposit is $1 at FreshForex and $250 at synergy fx.
| Feature | FreshForex | synergy fx |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | SVGFSA 20623 IBC 2012 | 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 |
| Founded | 2004 | 2013 |
| Country | Russia | Cayman Islands |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and synergy fx, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at synergy fx). Neither broker charges withdrawal fees. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | synergy fx |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while synergy fx supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. synergy fx edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | synergy fx |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FreshForex and synergy fx compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. synergy fx integrates third-party research tools (Trading Central); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. FreshForex scores higher overall in education and research.
| Feature | FreshForex | synergy fx |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while synergy fx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). synergy fx uniquely supports PayPal among the two brokers. synergy fx scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | synergy fx |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and synergy fx offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and synergy fx supports 8, giving synergy fx broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | synergy fx |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |