Synergy FX – Sign-up bonus

Sign-up Bonus

Synergy FX does not offer a sign-up bonus.

When traders register a real account with Synergy FX, they are not offered any deposit bonus or a welcome bonus.

These bonuses, offered by some brokers, may sometimes be the best method with which brokers attract new clients for registering a real account. Bonuses usually depend on the initial amount that traders deposit, considering that the minimum amount for a deposit is also met.

Such a bonus may be in the form of a trading credit to be used in trading activities, and the amount itself is usually non-withdrawable. Profits accumulated using the trading credit or bonus can be withdrawn though.

A bonus often has strict terms and conditions attached and traders should first ensure that they understand these before accepting a bonus.

Traders also need to remember that demo accounts are not eligible for bonuses.

Referral Bonus

A referral bonus allows traders who registered a real account to earn rewards when they refer a friend or family member to also register a real account with the broker.

Synergy FX does not make any provision for a ‘refer a friend, programme.

If applicable, traders who have registered a real account will be provided with a referral link to activate the programme.

Once a referral has registered their real account, made a minimum deposit required, and completed a certain number of round trades, both the trader and referral could become eligible for the promised bonus.

Additional broker bonuses, promotions, and rewards

As is the case with a referral bonus, Synergy FX also does not offer any cashback bonuses, which could serve as a trading bonus for loyal customers, where traders could earn an additional percentage on their spreads, swaps, and commissions as an incentive.

Such a bonus usually goes along with the referral bonus and for every person who is referred, traders would receive a percentage reduction across all spreads, excluding shares. Where shares are involved, the percentage reduction would be applied to commissions charged.

The reduction is normally paid to the trader after three months and for traders who refer more than one person, there may be an additional three months for every additional referral up to a maximum of four per year.

If available, traders can request to join such a cashback programme after having registered a real account.

Pros and Cons

Conclusion

Broker bonuses are one of the best ways to attract new traders in signing up and registering a real account. Not only does this expand the broker’s customer base, but it also awards traders when they sign up or when they make their first initial deposit.

Although LQDFX does not offer any bonuses or rewards, the trading conditions are quite attractive and LQDFX is not only a reputable broker but one that caters for beginners as well as more advanced traders.

FAQ

Does Synergy FX offer a sign-up bonus?

No.