SydneyFX (sydneyfx.io and sydney-fx.io) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61251193515, 442039897867, 61251108310, 442030317771
Addresses: 327 Archbishop Makariou Limsassol 3106 Cyprus This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: sydneyfx.io.
SydneyFX (sydneyfx.io and sydney-fx.io) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Quick verification|Great customer service|Easy to use platform|Detailed reporting
Cons: No crypto staking|Email notifications too frequent
What really bothers me about SydneyFX (sydneyfx.io and sydney-fx.io) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Two-factor authentication|API access|Fast support response|Customizable dashboard
Cons: Limited demo account features
I have been trying to close my account with SydneyFX (sydneyfx.io and sydney-fx.io) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Responsive team|Dividend tracking|Economic calendar|Demo account available
Cons: Cannot customize dashboard fully|Some tools only available on higher tiers
Do not believe the bonus offer from SydneyFX (sydneyfx.io and sydney-fx.io). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Easy to use platform|Fast deposits|Social trading features
Cons: No dark mode on mobile
SydneyFX (sydneyfx.io and sydney-fx.io) locked my account without warning and demanded documents I had already submitted. since I opened my account last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Economic calendar|Fast deposits|Social trading features
Cons: Mobile app could be improved
The spread at SydneyFX (sydneyfx.io and sydney-fx.io) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Intuitive for beginners|Demo account available
Cons: Could offer more webinars|Account statements could be more detailed
After for nearly two years with SydneyFX (sydneyfx.io and sydney-fx.io) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Economic calendar|Demo account available
Cons: Inactivity fee applies after 12 months|Limited ETF selection
I closed a profitable position at SydneyFX (sydneyfx.io and sydney-fx.io) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Intuitive for beginners|Real-time alerts|Transparent fees
Cons: Wish they had more educational resources|Search feature is basic
Customer support at SydneyFX (sydneyfx.io and sydney-fx.io) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: API access|Tax reports included
Cons: None so far|No live chat on mobile
After spending for roughly four months trying to make SydneyFX (sydneyfx.io and sydney-fx.io) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Low minimum deposit|Easy withdrawals|Fast support response
Cons: Wait times can be long during peak hours|Slow to add new assets