Synergy FX - Brokerage Application

BOOK MARK THIS PAGE FOR YOUR REFERENCE (we do not link to it) and it contains some very important information and documents for opening your account at Synergy FX. Synergy FX is a very reputable and stable brokerage based in Sydney Australia. They are ASIC regulated and very well capitalized. You can view their website at your convenience on the following link. * NOTE: if you are having any problems downloading any documents on this page, you can right click on their link, and choose “save link as” or “save target as” and save the document to your PC this way. Please follow the instructions below in detail to complete your brokerage application.

Here are some important tips to read before starting the application.

  • MINIMUM INVESTMENT: The minimum investment to participate with these managed FX programs is 20K USD per strategy. These minimums are set for no reason other than to ensure that the smallest trades get filled on all sub-accounts.
  • ACCOUNT TYPES: In additional to personal accounts, one can open a corporate account, a joint account, various types of other company accounts, and accounts under trusts, sole traders, foundations, and superannuations.

 

STEP 1. Completing an Account Application

To open your brokerage account up at Synergy FX and start trading with us, you must first complete an online account application, then send in the required pieces of support documentation, then sign the required LPOA (limited power of attorneys) which are all provided below, and proceed to fund your account. These instructions are here to make the sign-up process as easy as possible and to guide you through the application.

Synergy FX - Online Application

The online applications can be found by clicking this link: SYNERGY FX APPLICATION.

The application is pretty straight forward. However here are a few tips to assist and ensure that the application is completed correctly.

Page 1: Select the type of account you would like to open and click the start button.

Page 2: Please take special note that to participate in our Managed Accounts at Synergy FX, you need to let Synergy FX know that this application is for our Managed Accounts. If you click the sign up link above, it should automatically direct you to the application which has our IB number already tagged to it (which is IB716000). However even if this number is showing, and especially if it is not showing, please enter “Managed Forex Hub/Athol” in the section that asks “How did you hear about us” as shown in the example below so that there is no confusion from the accounts service team at Synergy FX when they process your application.

This ensures your account will be set up under our Managed Account programs correctly, and ensures our relationship manager overseas your account.

Page 3: For the type of account, please Select - Standard Account with USD (US Dollars).

The remainder of the application is self-explanatory. It will request standard personal account details as any brokerage application will, and you will need to agree to the acceptance of the broker’s terms and conditions. Upon submitting the application you will be required to submit certain disclosure information (i.e., National Identification Documents and Proof of Address documents). Each client will receive an automated email with full instructions on completing the application as well and the compliance and support division of Synergy FX will work with you via email and phone to ensure your account passes compliance and gets approved and established correctly.

 

STEP 2. LPOAs (Limited Power of Attorney)

After your account(s) have been approved and created, you must also download and complete and send in the appropriate LPOAs, based on the total dollar size of your investment (indicated below) and the accounts you wish to have traded. This allows our managers to trade the accounts on your behalf. Once complete, please submit these in to the general accounts email at ([email protected]). Please contact SynergyFX directly if you would like to arrange to send the documents in via fax or post/courier.

* Please Note that we recommend that our investors diversify their funds across all of our trading programs for the best performance. All of our programs are “non-correlated” and provide excellent diversification by working synergistically together and creating intra-asset class diversification. You can view an overview and comparison between the strategies here.

LPOA Downloads for Kaizen FX
1. 35% LPOA (to be used for account sizes between $20K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)

LPOA Downloads for Stone Fund
1. 35% LPOA (to be used for account sizes between $20K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)

LPOA Downloads for Kiwi FX
1. 35% LPOA (to be used for account sizes between $20K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)

After your accounts have been approved, you will receive funding instructions from Synergy FX. Accounts can be funded via Bank Wire Transfer (the most common method) but also by credit card and Moneybookers.

* IMPORTANT - MULTIPLE ACCOUNTS: After you have funded your account, you must simply instruct SynergyFX to distribute your funds internally between any of your accounts proportionally as you would like to distribute/diversify them (assuming you have more than one account). For example, if you invested 50K, and wanted to put 20K into the Stone Fund strategy, and 30K into Kiwi FX, you must contact Synergy FX and notify them to distribute the funds between your two accounts. Setting up multiple accounts is first done by requesting Synergy FX to open up additional accounts for you. They will instruct you of any required signatures or documents required to do so.

You will need to open one account for each managed account you wish to have traded by us at Synergy FX. So if you wish to participate in 4 of our managed accounts, you will need to establish 4 separate accounts (4 unique account numbers at SynergyFX). There is no new compliance required - only the additional accounts established. After submitting these you simply need to contact accounts / customer support at Synergy FX and request them to distribute your funds accordingly between your accounts.

*IMPORTANT: when sending in your LPOAs to Synergy FX, please cc us on the email ([email protected]) so that we can keep track of this on our end as well. This is especially important if you have a larger account and reduced LPOA as by default all accounts get tagged at 35% performance fee.

Should you have any questions or concerns in completing this application, please do not hesitate to contact us at any time.

Respectfully Yours,
The Managed Forex Hub team.

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We also ask that all of our clients take a brief moment and ensure to read our RISK DISCLAIMER and our DISCLOSURE DOCUMENT as these form part of your agreement with MFH when participating in the managed accounts.