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Sync Markets -

Score

1.68 /10
Danger

Sync Markets

Australia

1-2 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://sync-fx.com

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.01

Risk Management Index0.00

Software Index7.73

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Sync Markets LTD.

Company Abbreviation

Sync Markets

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Scam, high spreads, fraudulent group

That authentication document is simply not applicable to business operations, and the fees for deposits and withdrawals are outrageously high.

2024-10-08 12:28
Unable to Withdraw

Sync Markets broker platform allows deposits but not withdrawals.

Sync Markets broker platform allows deposits but not withdrawals. 1. All my operations were manually executed, yet the platform, via email, accused me of violating regulations without providing any evidence. Subsequently, they began threatening and denying my withdrawal requests. 2. After depositing $20,000, I attempted to withdraw funds on January 15, 2025. The process was delayed until February 5, 2025, and I was still unable to withdraw any funds. 3. Initially, they sent emails to prevent withdrawals, and by February 5, 2025, they started sending threatening emails regarding the withdrawal issues.

2025-02-05 17:59
Scam

I was scammed by someone claiming to be from the platform.

I had joined a DingTalk stock group where a teacher would live stream daily lessons on how to use various stock indicators. Later, when the stock market was down, the teacher began to show his forex earnings, claiming that institutions trade both domestic and foreign markets together. He introduced me to an account manager, and I opened an account on the Sync platform. Subsequently, many of us ended up losing money.

2025-01-28 01:47
Unable to Withdraw

Unable to withdraw funds

Withdrawals cannot be made, saying that the margin needs to be corrected. After the correction, it is said that the credit score is not enough and cannot be withdrawn. Cannot access the platform afterwards.

2024-10-07 23:32
Scam

Intentional Opposite Direction Trading Leading to Margin Call

There was intentional opposite direction trading that led to a margin call. Although we agreed on a compensation amount, the payment has been refused.

2025-03-07 16:24
Scam

I was scammed.

After trading stocks, I joined a stock trading group. Then, the "expert" in the group suggested that stocks were no longer viable and advised us to trade forex instead. I didn't understand forex, but followed the group's guidance, which led to continuous losses. Eventually, when I tried to withdraw funds, my bank account was frozen. During a family gathering today, I mentioned investing in forex and learned that normal investments shouldn't result in a frozen bank account. I went to the bank again today, and they told me it was a scam and advised me to report it to the police. They mentioned that the transaction involved illegal currency exchange, and just from the exchange rate differences, I lost over ten thousand yuan.

2025-01-26 11:49
Scam

Black platforms and pig butchering scams collude to defraud investors.

There is a group involved in pig butchering scams that collaborates with platforms to lure A-share investors into opening accounts. They exploit the investors' lack of knowledge about forex trading, disseminate incorrect trading information, and consistently downplay or omit potential risks. This has led to many users experiencing margin calls and substantial losses. Additionally, the platform's spreads are unusually high, and slippage is severe.

2024-10-22 14:42
Unable to Withdraw

Unscrupulous scam platform, no withdrawal, close the official website

Black platform, unable to withdraw funds, unscrupulous platform making dirty money, after working hard for nearly half a year and earning 100,000 dollars, they refuse to pay, even the official website has been shut down, the heartless platform must return my hard-earned money

2024-09-29 11:59
Scam

Being Scammed

After joining a stock trading group, they said that stocks are not profitable and asked us to trade foreign exchange. We have been losing money in foreign exchange trading and have been deceived.

2025-02-02 18:02
    Sync Markets · Company summary
    Sync MarketsReview Summary
    Founded2024-04-01
    Registered Country/RegionAustralia
    RegulationRegulated
    Market InstrumentsForex/Commodities/Stocks/Cryptos/Indices
    Demo Account❌
    LeverageUp to 1:500
    SpreadFrom 0.1 pips
    Trading PlatformMT5 (Web/Desktop/Mobile (iOS/Android))
    Min Deposit/
    Customer SupportEmail: support@sync-fx.com
    Phone: +442080404105
    Phone: +41(0)77 203 26 49

    Sync Markets Information

    Sync Markets is a broker. The tradable instruments with a maximum leverage of 1:500 include forex, commodities, stocks, cryptos, and indices. The broker also provides standard, premium, and pro accounts. The minimum spread is from 0.1 pips. Although Sync Markets LTD. is regulated under ASIC, investment risks are inevitable.

    Sync Markets Information

    Pros and Cons

    Pros Cons
    RegulatedDemo account unavailable
    Various tradeable instrumentsNo 24/7 customer support
    Commission free
    Spread as low as 0.1 pips
    Leverage up to 1:500
    MT5 available
    24/5 customer support

    Is Sync Markets Legit?

    Sync Markets LTD. is regulated under ASIC, making it safer than unregulated brokers. The license type is AR and the license number is 001310454. The broker claims it is registered under the Australian Financial Services (AFS).

    Is Sync Markets Legit?
    Is Sync Markets Legit?
    Is Sync Markets Legit?

    What Can I Trade on Sync Markets?

    Traders can choose different investment directions because the broker provides forex, commodities, stocks, cryptos, and indices. Among them, commodities include gold, silver, coffee and cotton.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Stocks✔
    Cryptos✔
    Indices✔
    What Can I Trade on Sync Markets?
    What Can I Trade on Sync Markets?

    Account Type

    Sync Markets has three account types: standard, premium, and pro. Traders who want low spreads can choose a pro account.

    Account Type StandardPremiumPro
    SpreadFrom 0.5 pipsFrom 0.3 pipsFrom 0.1 pips
    Max Leverage1:5001:5001:500
    FeesNoNoNo

    Sync Markets Fees

    The spread is from 0.1 pips, the commission is 0. The lower the spread, the faster the liquidity.

    Sync Markets Fees

    Leverage

    The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

    Trading Platform

    Sync Markets cooperates with the authoritative MT5 trading platform available in desktop, web, and mobile(iOS/Android) versions. Traders with rich experience are more suitable for using MT5.

    Trading PlatformSupported Available Devices
    MT5✔Web/Desktop/Mobile (iOS/Android)
    Trading Platform

    User Reviews

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    User comment

    6

    Comments

    Write a review

    FX3136555330
    6-12months
    故意反向带单导致爆仓，协商好赔偿金额拒不赔付
    故意反向带单导致爆仓，协商好赔偿金额拒不赔付
    Translate to English
    2025-03-07 16:24
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    0
    节奏步步高！
    3-6months
    Sync Markets券商平台只能入金，不能出金。 1、本人所有操作均为手动操作，该平台通过邮箱说存在违规操作，无法找出违规依据。后续开始威胁，不予出金。 2、2W美刀入金后，尝试出金（2025.01.15）被延迟到2025.02.05依然无法出金。 3、刚开始发送邮件阻止出金，到2025.02.05关于出金事宜，开始以邮件形式进行威胁
    Sync Markets券商平台只能入金，不能出金。 1、本人所有操作均为手动操作，该平台通过邮箱说存在违规操作，无法找出违规依据。后续开始威胁，不予出金。 2、2W美刀入金后，尝试出金（2025.01.15）被延迟到2025.02.05依然无法出金。 3、刚开始发送邮件阻止出金，到2025.02.05关于出金事宜，开始以邮件形式进行威胁
    Translate to English
    2025-02-05 17:59
    Reply
    0
    0
    9