SydneyFX

We take responsibility for losing money using this trading platform. We should have completed our research and taken notice of the product reviews that have been recorded here. More fool us! We have requested multiple times for SFX to provide us with a Holdings Statement for EOFY 2025 annual auditing compliance, and they have failed to do so. … Read more

SFX does not respond to requests through the support email address, cannot be contacted via the phone, and when we have tried to contact through Whats App we are provided with unprofessional responses. We have reported our experience to government agencies in the hope that it will assist others to not make the same mistakes. We did learn a lot and will continue to look at forex trading but will be using a reputable company that is licensed by ASIC. Take care people - be smart and do your research.

SCAMMERS. RUN A MILE FROM THESE SCUMBAGS! I signed up on my own free will..... went slow & steady until too many red flags changed my mind. Dealt with "[Name Removed]" from the beginning and he said all the right things, like you can pull your money out whenever you like! Rules always changed, i.e, went from not able to put a trade on either… Read more

myself or via him without talking on the phone with him at least every couple of weeks to the last trade going on automatically hours after I requested to draw all "my money" - $13,000USD. I was never allowed to trade more than 1 point, unless I invested more money, for their crypto AI Arbitrage software, and all of a sudden this auto trade was for 9.4 points! Now he tells me after this months cycle, because Bitcoin went down sharply, I've lost USD$12k.... On signing up I was sold on the fact it didn't matter what crypto does, the AI plays the markets of buying & selling platforms picking up little bits here & there. He says things like "you've made thousands, you should be thanking me"... if you can't get it out it's just a number on the screen! I've lost thousands. This is only a little bit of the nonsense & scam they have run on me & if this stops 1 person from dealing with them it'll save the heartaches I've been through. Happy to discuss with fellow victims and would love some insight on how to retrieve funds, get retribution!

SYDNEY FX SCAM ALERT - WARNING - SYDNEY FX SCAM ALERT - WARNING MELBOURNE FX SCAM ALERT Do Not Engage – .WARNING SCAM ALERT - SYDNEY FX SUBMIT POSITIVE REVIEWS TO DECEIVE AUSTRALIAN'S. I have personally sent MESSAGE'S to every Positive Review Contact and NOT ONE HAS RESPONDED.... ***SCAM***SCAM***SCAM*** Even ASIC advises SCAM. This is my experience. From: GOLDSILVERGREEN <[Content Removed]> Sent: Thursday, 20 February 2025 4:35 PM To: SydneyFX… Read more

<support@sydfx.io>; < [Name Removed]@sydneyfx.io>; [Name Removed]@sydfx.io> WARNING GHOST PLATFORM-THE TRADING PLATFORM ISN'T REAL.SCAM SCAM SCAM.TRADING PLATFORM ISN'T REAL. WAKE UP AUSTRTALIAN'S. SCAM SCAM SCAM PLEASE READ ALL NEGATIVE REVIEWS FROM TRUSTPILOT. SCAMMING PEOPLE IN UK TOO. TRUTH IS OUT THERE - DO NOT TRUST GOLDSILVERGREEN Please feel free to contact me and I can confidently tell you that Sydney FX and Melbourne FX are a SCAM.. WARNING SCAM ALERT - NEVER TRUST GOLD, SILVER and GREEN. 100% - Promised everything - delivered nothing. Sucked me in with a $60Kusd deposit into my Binance account. SUCKED IN WITH 2 X BONUS AGREEMENTS WHEREBY SYDNEY FX PROMISE ACCOUNT RECOVERY. Deposited $240K USD through SWYFTX and Binance. $5million USD Account Balance with Equity of $3.5million usd sabotaged in 1 night on Tuesday 21st January 2025 with outrageous trades on Cocoa, Aluminium and Palladium. 1 Trade alone attracted a $1.2million usd negative loss same night. Aluminium trade crashed $600kusd within seconds of being opened in one night. Parasite Broker ***FAKE NAME***GOLDSILVERGREEN (Alias) GOLDDISABLED MY TRADING ACCOUNT on Wednesday 22nd January 2025 after I expressed concern's. Excessive commission's. Swaps daily that erode your account especially when disabled. Ghosted by parasite Broker'sGOLDSILVERANDGREEN on whatsapp, email and thorough LACK of support@sydneyfx.io email address. 2 day's phoning the support phone number for no action from Sydney FX Management. Scammer's going by FAKE NAMES of Parasite alias GOLDSILVERGREEN FAKE NAMES]. Please remember these FAKE NAMES. GOLD, SILVER and GREEN. On Friday 24th January I submitted a withdrawal while alias FAKE NAMES GOLDSILVERGREEN sat on idle hand's. Available Balance in my Account of $341,472usd All requests for this withdrawl to me APPROVED fell on deaf ear's. Effective 31 Jan 2025 [Name Removed] refuses to honour the withdrawl. All communication requests ignored. GOLDSILVERANDGREEN Ironic, I knew this was a Scammers trick. How so many have complained about Sydney FX and their extremely poor withdrawl process. My $341k usd withdrawl at PENDING . GOLDSILVERGREEN just proved that they WILL NOT APPROVE withdrawl. I have attached my withdrawl photo as evidence. My account haemorraghed and as per photo effective 7.30pm had equity of $14,454.10kusd Destroyed in several night's whilst Brokers did nothing. Left ghosted with a disabled trading account until it's destruction this evening. SYDNEY FX SCAMMERS CAUSED MY PARTNER TO HAVE A SERIOUS LIFE THREATENING EVENT, NAMELY A HEART ATTACK. SHE IS CURRENTLY IN HOSPITAL. SYDNEY FX ROBBED FUNDS FOR MY DAUGHTER'S IVF MEDICAL TREATMENT. SYDNEY FX RIPPED OFF A 78 YEAR OLD MAN'S RETIREMENT FUND I WAS TRYING TO RECOVER DUE TO HIS SYDNEY FX ACCOUNT BEING SABOTAGED. How convenient, this afternoon FAKE NAME alias GOLDSILVERGREEN opened my trading account and closed 20 out of 23 trade's. I have documented the Sydney FX Platform and have photo evidence of all of my claims. I have reported Sydney FX to the AFP Cyber Crime Unit. Noting - with FAKE NAMES Alias GOLDSILVERGREEN and operate within the Melbourne FX also. I look forward to this organisation attempting to prove me wrong with the usual line of Elon Musk and other rich and famous. They have NO EVIDENCE TO BACK UP THEIR CLAIM'S I have so much photo evidence to provide anyone that would like to request it through this site. Happy to divulge all their parasite tactic's. You can message me through the Productreview website if you would like further information. WARNING - SYDNEY FX IS A SCAM - DON'T BELIEVE POSITIVE REVIEW'S. THEY ARE FAKE LIKE SYDNEY FX. Please, avoid like the plague. SCAM, SCAM SCAM

Now 29th Jan 2025 and all forms of communication with Sydney FX NON EXISTENT. WITHDRAWL OF FUNDS STILL AT PENDING. From: Simon Hoyle <[Content Removed]> Sent: Thursday, 20 February 2025 4:35 PM To: SydneyFX <support@sydfx.io>; [Name Removed]@sydneyfx.io>; [Name Removed]@sydfx.io> GOLDSILVERGREEN Subject: Just Imagine Hello Scumbags,

*******UPDATE Evening of 30 Jan 2025 SILVERY parasite contacted me by phone needing to find out what happened. He has advised me that he will conduct an extensive review of my complaint's and will contact me on 31 Jan 2025 or Monday 03 Feb 2025. ULTIMATELY, I advised him that the withdrawl I made on 24th Jan 2025 is paramount that it is approved. These funds required for my partner who suffered a heart attack in need of an additional Atrial Fibulation Operation costing $50K, funds for my daughter's IVF Program and return an old mans retirement savings of $115K. Watch This Space for Update's. I live in hope Sydney FX honour the withdrawl and our family can put this traumatic time behind us. Over to you GOLDSILVERGREEN. Need you to fulfil your promise.

31 Jan 2025 SILVERY parasite phones me at 16.00 on Friday 31 Jan 2025 advising they can't process the withdrawl. In compensation Sydney FX can offer you $150Kusd credit so you can continue trading with an account under full control of myself. Well that worked wonders last time. SYDNEY FX Broker GOLDSILVERGREEN disabled my $5million USD Account and I got to watch it burn. Only read the above to see this organisation are SCAMMERS. NOT APPROVING MY WITHDRAWL IS PROOF. ALL YOU NEED. Also, recommend Investors double check other wallets as the price of Bitcoin the other day was $102Kusd in Coinspot. Sydney FX BTC price was $100kusd. I did this comparison with many different crypto's and found discrepancies in all. FAKE GHOST TRADING PLATFORM. My suggestion, do not trust Sydney FX, operating with intent to scam people. Scamming parasite's. DO NOT BELIEVE POSITIVE REVIEWS EITHER. I HAVE MESSAGED NUMERSOUS POSITIVE REVIEW CONTACTS AND NOT ONE HAS EVER REPLIED. SCAM ALERT - WARNING - PLEASE DON"T ENGAGE WITH THESE SCAMMERS. IF YOU HAVE SIGNED A BONUS AGREEMENT - DO NOT TRANSFER MONEY THROUGH BINANCE - AS PER MY ATTACHMENTS - SYDNEY FX SCAM BY TRANSFERING MONEY TO YOUR BINANCE - ONLY TO RECEIVE IT BACK. A SLY TRICK - FUNDS DEPOSITED INTO SYDNEY FX ARE NEVER PROCESSED AND YOU LOSE YOUR MONEY. SYDNEY FX REFUSING TO APPROVE MY WITHDRAWL IS EVIDENCE ENOUGH THAT THEY ARE A SCAM. Sydney FX parasite's prey on Whatsapp also using alias of GOLDSILVERANDGREEN NOT THEIR REAL NAMES SO WHY DOES PRODUCT REVIEW REMOVE????????????????? 11 FEB 2025 and SYDNEY FX have not responded to negative feedback because they are a SCAM BEWARE SYDNEY FX AND MELBOURNE FX - SCAM WARNING I HAVE REPORTED the above to The Australian Federal Police Cyber Crime Unit. CHECK OUT MORE HANDIWORK SCAM WHEREBY RIPPING OFF KJM. NILIMA. BORU. SEE TRUSPILOT SITE FOR NEGATIVE REVIEW AND GOLDSILVERGREEN STRIKE AGAIN. VERY SIMILIAR SCAM ACTION THEY DID TO ME. WAKE UP AUSTRALIA. SYDNEY FX AND MELBOURNE FX ARE A SCAM. PLEASE LOOK AT ATTACHMENTS OF MINE. PLUS WITHDRAWL NOT APPROVED. WAKE UP AUSTRALIA.

BEWARE of this SydneyFX !!! – I have been trading for 8 years and started with SydneyFX in July 2024. I was approached by an Account Manager (AM) [Name Removed] and below is a detailed account of my experience: ++Trading Platform: 2/10 : the platform lacks essential features and is overly simplistic. It does not show commissions for CFDs, has no “close all” or one-click… Read more

trading functions, which are critical for strategies like scalping. ++ Service: 1/10 : there is no reliable customer support. The assigned account manager [Name Removed], is manipulative and unprofessional. Despite numerous calls and emails, requests such as change the account manager or addressing withdrawal issues remain unresolved. Withdrawal attempts, even for a small amounts like $50, are consistently rejected despite a significant account balance of $130,000+ ++ SydFX regulation and legitimacy: 0/10 SydFX is not regulated in Australia. The provided address, 327 Archbishop Makariou, Limassol 3106, Cyprus, is dubious and unverified on maps. Google them and you see that they do not exist!!! The company claims association with Unlimited LTD (registration number Rego No: HY00723418), but this registration is not listed under CySEC. ++Commission charge: 1/10: SydFX charges exorbitant commissions compared to industry standards. For example, trading 1 lot of AUDUSD incurs a fee of apprx $25.73, while reputable Australian platforms like CMC or FXCM charge around $2.99 – a markup of over 860%. ++Arbitrage 3/10: the arbitrage strategy initially appeared profitable. Trades involved buying and selling BTCUSD- labelled products (BTCUSD.UNL, BTCUSD.SLC, BTCUSD.WSE) to generate daily profits through swaps (a long swap of -25 for buying and a short swap of 75 for selling). However, SydFX retains the ability to disable this arbitrage mechanism at any time. ++Withdrawal: 0/10: HIGH WARNING!!! Signing a ‘Bonus Agreement’ effectively locks withdrawals unless a near-impossible trading volume is met. You need to meet a ridiculous volume trading of 50,000 * (Bonus + Total Deposit). In my case, this equates to $2.6 billion in trading volume, generating $850,000 in commissions for SydFX. The terms were not disclosed upfront at all, and [Name Removed] provided misleading explanations. All for $3000 bonus that we signed only after a few weeks. [Name Removed] conned us by saying that this bonus comes in handy when you trade. The agreement only refers to Bonus Agreement but they lock you in the rest of your funds. We disagreed with this interpretation, [Name Removed] said No. We asked to change him, we received a No (all Account Managers are all busy). We asked to speak to someone to discuss the terms, we received a simple No from [Name Removed]. [Name Removed] is the gatekeeper who tells us what we can and cannot do with our account. ++ Trading strategy: ANOTHER TRAP!!! You will be recommended to trade Index such as Nasdaq100 (NQ100), Bitcoin BTCUSD, Ethereum ETHUSD, Solana SOLUSD depends on your interest. Do not trade as they charge a huge mark up in commission (more than 800% than industry standards). They will ask you to profit at minimal points (30 for NQ100) daily so they can earn this exorbitant commission. This will burn your account before you know it. When the market turn south, they will ask you to HEDGE!!! This hedge along with your existing trades + daily commissions quickly evaporate your funds and profits if any. They will ask you to deposit more, and this repeats. There are plenty of good trading crypto or index out there, regulated in Australia to protect you from all of the above. ++Conclusion: based on the above, SydFX is definitely an elaborate SCAM. If you are considering depositing or adding funds, please do not proceed. If you have funds deposited, avoid further deposits at all costs. The trading volume targets are unattainable and the system is designed to trap you. You will end up blowing up your account before you can touch your money. + Why I joined SydneyFX in the first place? Due to arbitrage profit that my partner introduced, I was not fully aware of the game and how they work. We are now stuck with so much deposits + profits in SydneyF. We will fight to get our funds back.