Sydney FX (sfx-client.io) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: sfx-client.io.
Do not use Sydney FX (sfx-client.io) for anything serious. I used them for about three months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Responsive team|Helpful community forum|Fast execution
Cons: Email notifications too frequent
I gave Sydney FX (sfx-client.io) a fair chance. After since I opened my account last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Easy withdrawals|Tax reports included|Copy trading available|Multiple order types
Cons: Research section could be deeper
I wanted to transfer my portfolio from another broker to Sydney FX (sfx-client.io). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Risk management tools|API access|Competitive fees|Good analytical tools
Cons: Limited cryptocurrency options|Email notifications too frequent
Do not be fooled by the professional-looking website. Behind the scenes, Sydney FX (sfx-client.io) is disorganized and incompetent. I found them from a blog post comparing services and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: API access|Automated trading options|Clean UI|Educational resources
Cons: Inactivity fee applies after 12 months