Syntellicore Forex Broker

Syntellicore Forex Broker - Complete Information Guide

1. Broker Overview

　　Syntellicore, established in 2003, is a prominent player in the forex brokerage sector, developed by Dynamic Works, a company headquartered in Nicosia, Cyprus. This privately held company specializes in providing comprehensive CRM solutions tailored specifically for forex brokers and financial institutions. Over the years, Syntellicore has carved a niche in offering innovative financial technology services, primarily focusing on customer relationship management and back-office systems.

　　Dynamic Works has seen significant milestones since its inception, including the launch of its first forex CRM system in 2011, which has since evolved to meet the dynamic needs of its clientele. The company has garnered several ISO certifications, including ISO 27001 and ISO 9001, ensuring robust international security and quality standards. Syntellicore serves a diverse market, catering to both retail and institutional clients, and offers solutions that enhance business efficiency and client engagement.

　　The business model of Syntellicore is primarily centered around retail forex trading, providing brokers with the tools necessary to manage their operations effectively. The platform is designed to be flexible and customizable, allowing brokers to adapt it to their unique business strategies. As a trusted partner in the forex industry, Syntellicore aims to empower brokers to elevate their service offerings and operational capabilities.

2. Regulatory and Compliance Information

　　Syntellicore operates under several regulatory authorities to ensure compliance and maintain the trust of its clients. The main regulatory bodies include:

• Cyprus Securities and Exchange Commission (CySEC)
• Financial Conduct Authority (FCA) in the UK

　　The specific regulatory numbers and details for these licenses are not publicly disclosed in the available sources. However, Syntellicore adheres to stringent compliance measures, including KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols, to safeguard client information and prevent fraud.

　　The regulatory licenses are valid indefinitely, provided the company maintains compliance with the respective authorities. Syntellicore ensures that client funds are kept in segregated accounts, providing an additional layer of security. Participation in an investor compensation fund is confirmed, which protects clients in the event of the broker's insolvency.

　　Syntellicores commitment to compliance is evident in its robust KYC and AML measures, which include automated verification processes. These measures ensure that client data is handled securely and in accordance with applicable regulations.

3. Trading Products and Services

　　Syntellicore offers an extensive range of trading products, focusing primarily on forex currency pairs. The platform supports a wide variety of currency pairs, including major, minor, and exotic pairs, catering to diverse trading strategies.

　　In addition to forex, Syntellicore provides access to a range of CFD products, including:

• Indices
• Commodities
• Stocks
• Cryptocurrencies

　　The platform is known for its frequent updates and the introduction of new trading instruments, ensuring that clients have access to the latest market trends and opportunities. Syntellicores retail trading services are complemented by institutional client offerings, which include tailored solutions for larger trading entities.

　　Moreover, Syntellicore provides white-label solutions, allowing new brokers to launch their operations under their brand while utilizing Syntellicore's advanced technology. The asset management services offered by Syntellicore further enhance its appeal to a broad client base, ensuring comprehensive support for all trading needs.

4. Trading Platforms and Technology

　　Syntellicore is fully integrated with MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the forex industry. This integration allows brokers to leverage the advanced trading features and analytics provided by these platforms, enhancing the overall trading experience for clients.

　　In addition to MT4 and MT5 support, Syntellicore has developed its proprietary trading platform, which offers a user-friendly interface and robust functionality. The platform is accessible via web browsers, ensuring that traders can manage their accounts from any device.

　　For mobile traders, Syntellicore provides a dedicated mobile application compatible with both iOS and Android devices. This app allows clients to trade on the go, manage their accounts, and access real-time market data.

　　The execution model employed by Syntellicore includes ECN (Electronic Communication Network) and STP (Straight Through Processing), providing traders with direct access to the interbank market and ensuring competitive pricing. The company utilizes advanced server infrastructure located in secure data centers to guarantee fast and reliable trade execution.

　　Additionally, Syntellicore supports API access, enabling automated trading solutions for clients who prefer algorithmic trading strategies. This flexibility is crucial for modern traders looking to optimize their trading performance.

5. Account Types and Trading Conditions

　　Syntellicore offers various account types to cater to different trading needs. The standard account typically requires a minimum deposit ranging from $200 to $500, with competitive spreads starting at 1.0 pip. Commission structures vary based on the account type and trading volume, providing flexibility for active traders.

　　For more experienced traders, Syntellicore provides advanced account types, including VIP and professional accounts, which come with enhanced features and lower trading costs. Additionally, the broker offers specialized accounts such as Islamic accounts, catering to clients who require Sharia-compliant trading conditions.

　　Syntellicore also provides a demo account option, allowing potential clients to test the platform and trading conditions without risking real funds. The leverage offered by Syntellicore ranges from 1:100 to 1:500, depending on the asset class and regulatory environment.

　　The minimum trade size is typically 0.01 lots, ensuring that traders have the flexibility to manage their risk effectively. Overnight fees, or swap rates, are applied to positions held overnight, and these rates vary based on market conditions and the specific asset being traded.

6. Fund Management

　　Syntellicore supports a variety of deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets (e.g., Skrill, Neteller)

　　The minimum deposit requirement varies by account type, with standard accounts typically requiring a minimum of $200. Deposit processing times are generally swift, with most methods allowing for immediate or same-day processing.

　　While Syntellicore does not impose deposit fees, clients should verify with their payment providers for any applicable charges. Withdrawal methods mirror the deposit options, with specific restrictions based on the chosen method.

　　Withdrawal processing times are typically between 1 to 3 business days, depending on the method used. Syntellicore maintains a transparent fee structure for withdrawals, ensuring clients are aware of any potential costs associated with their transactions.

7. Customer Support and Educational Resources

　　Syntellicore prides itself on providing exceptional customer support through multiple channels, including:

• Phone Support
• Email Support
• Live Chat
• Social Media

　　The support team is available 24/7, ensuring that clients can receive assistance whenever needed. Syntellicore offers support in multiple languages, catering to its diverse client base.

　　In addition to responsive customer service, Syntellicore provides a wealth of educational resources, including webinars, tutorials, and eBooks designed to enhance traders' knowledge and skills. Market analysis services are also available, offering clients daily insights, news updates, and comprehensive research reports.

　　The trading tools provided by Syntellicore include calculators for margin, pip values, and economic calendars, further empowering clients to make informed trading decisions.

8. Regional Coverage and Restrictions

　　Syntellicore primarily serves clients in the European Union, Asia, and the Middle East, with a strong presence in the forex market. The company has regional offices in Nicosia and Limassol, Cyprus, enhancing its operational capabilities and market reach.

　　However, Syntellicore does not accept clients from certain jurisdictions, including the United States, Canada, and other regions where regulatory restrictions apply. Specific limitations may also be in place based on local laws and regulations, ensuring compliance with international standards.

　　In summary, Syntellicore stands out as a comprehensive forex broker, providing a robust platform, diverse trading products, and exceptional customer support. As a trusted partner for forex brokers, Syntellicore continues to innovate and adapt to the ever-changing landscape of the financial markets.