SynergyFX, a leading ASIC regulated Sydney based Forex broker, made public today that their funds management team has achieved stellar results to date, posting gains over 150 percent for the first 19 months, out pacing their projections and beating out similar funds by a wide margin considering risk management. The stellar performance, along with the company’s varied products, such as the Hybrid ECN account, are primary reasons SynergyFX is on the verge of making a name for itself amongst the retail FX investing and trading crowd.
CEO Christian Dove had this to say: “We are very pleased with the results of our funds management team. The gain for the first 19 months indicates an annualized return rate of over 95 percent, which is unheard of for fully regulated funds of this type, and displays a truly robust nature. Coupled with our new Hybrid ECN account, which offers a completely innovative approach to trading, our results show precisely why Synergy FX is a market leader. In the future the company will continue to innovate and surprise the market with additional high performance funds management products such as the upcoming “Arbidyne” equity based product, cementing our dominant position in the industry.”
Synergy FX recently launched the Hybrid ECN account as a result of Black Thursday, when many traders took a punch in the gut from their FX broker after the National Bank of Switzerland removed the ceiling on the Swiss franc, causing the currency to double in value almost overnight. Thousands of accounts were wiped out, with many going steeply into a negative balance.
“The Hybrid ECN account has been designed to offer traders protection from negative balances, which are automatically forgiven. This is a promise we make in writing and is guaranteed for every trader who holds a Hybrid ECN account. What makes this account unique in the marketplace is that it also offers excellent performance thanks to raw bank spreads and our low commissions,” Dove said of the Hybrid ECN account.
SynergyFX is reporting a spike in new accounts after launching Hybrid ECN back in February, and the company has expanded accordingly by taking on staff and investing in server and network capacity upgrades to make sure the increased load can easily be handled.
The performance Synergy is advertising for their managed accounts through the company have performed well, this year the account has performed +27.02% with 65 lots traded. (see chart below of 2015 performance).
To view Myfxbook performance of the SynergyFX managed funds account of previous years with further analytics, click here.