Comprehensive Review of Sync Digital

Can you trust a broker who lies about licenses and claims to offer the best conditions? Or is it just flashy packaging hiding yet another scam? While there are positive reviews about Sync Digital online, we strongly doubt that this is a reliable company for CFD trading.

Highlights

Key Trading Features

The core of Sync Digital’s trading conditions lies in its account plans. The company offers four types of accounts: Basic, Standard, Premium, and Turbo. The Basic account requires a minimum deposit of $250, the same entry threshold used by most other unregulated companies. The mere fact of this minimum deposit alone is enough to suggest that this is a fraudulent platform.

The Standard account requires $1,000; the Premium account demands $10,000, and Turbo goes as high as $50,000. The logic is simple — the more money you deposit, the harder it becomes to recover it. The broker tries to extract larger sums from clients by offering supposedly better conditions on expensive plans. This is another hallmark of a scam.

Leverage of up to 1:1000 is a story in itself. Such high leverage can quickly multiply both profits and losses. For beginners, it’s a real trap, especially considering that most fail to close their trades on time. And what’s the point of offering such leverage in a market where even professionals prefer limits of 1:50 or 1:100? Sync Digital certainly understands the dangers of this leverage, which is why they offer 1:1000. Moreover, this is a clear sign that they lack a license, as regulators prohibit brokers from offering such extreme leverage.

Overview of Available Trading Instruments

Sync Digital offers a standard range of asset classes for trading. This includes CFDs on forex, metals, indices, commodities, cryptocurrencies, and stocks. In general, nothing unusual, although the broker could have included ETFs or rare cryptocurrencies. And let’s not forget that these are only CFDs. Clients don’t actually purchase the underlying asset but merely speculate on its price movement. CFDs are notoriously easy to manipulate.

Trading Platform Analysis

Sync Digital offers its proprietary platform called EVO TRADE. The website promises “advanced functionality”, including indicators, trading advisors, analytics, and strategy-building tools. However, reality often falls short of such promises. Let’s be honest, as soon as you see a non-standard platform instead of well-known solutions like MetaTrader or cTrader, you immediately wonder: why not use trusted options?

Yes, indicators and advisors are supposedly available, but how outdated are they? If these are standard tools, they can be found in any free application. Nothing exclusive or impressive here. Moreover, there’s no mention of built-in tools for backtesting strategies on historical data. That’s already a significant downside.

Another issue is the lack of a proper description of the interface. Is it convenient to build charts? Are panels customizable? Can you set up alerts or work with multiple assets in one window? There are no answers to these questions. This suggests that the platform is likely stripped-down and aimed at beginners who don’t know what a true professional terminal should offer.

We can’t verify any of this because the registration process on Sync Digital doesn’t work. Attempting to create an account leads to a 404 error. So, we’re left with nothing but the claims made on the official website about the platform.

Additional Services

Sync Digital offers almost nothing interesting or unique to its clients. They mention a so-called premium service that’s only available by invitation from the broker. This premium service includes:

• Assistance from a personal account manager. While this sounds impressive, in practice, these managers often act more like sales agents, pressuring you to invest more money. Their goal isn’t to help you make profits but to increase the turnover of funds through your account. Don’t expect them to act as your financial advisor.
• Webinars and analytics. This is as basic as it gets: you’ll receive standard email newsletters with generic market forecasts and invitations to group webinars. Don’t expect any exclusive insights or in-depth analysis. Such materials are typically better and more accessible from independent analysts or free resources.
• Premium customer support. This is a standard promise made by most brokers and nothing to write home about.

Fee Structure

Now let’s talk about fees. The Basic and Standard accounts are advertised as commission-free, but let’s be realistic — brokers always make money. If there are no commissions, they’re compensating with inflated spreads or hidden charges. The Premium account charges $4.50 per lot, while Turbo charges $2.50. While these figures may seem low, they can quickly add up, especially if you’re actively trading.

There’s also another explanation for such low commissions and spreads: Sync Digital is likely operating as a dealing desk broker. This means they don’t make profits from commissions and spreads but from the losses of their clients’ deposits. In other words, the platform has a vested interest in traders losing money.

Legitimacy of Sync Digital

Sync Digital claims to operate under licenses from CySEC and FCA. However, is that true? Let’s check the FCA registry to see if such a company exists. Voila — this broker doesn’t exist, which means it doesn’t hold an FCA license.

The explanation is simple. This company doesn’t operate in the UK, despite the legal address listed in the website footer. More accurately, an organization with the same name does exist, but it’s involved in other telecommunications activities, not brokerage services. You can verify this yourself in the Companies House registry.

Is there any point in checking CySEC? No, that’s fake too. The scammers have stolen the name Sync Digital and the legal address of this unrelated company, then started offering brokerage services. They don’t have authorization for this, and they’re not officially registered. This is an illegal and fraudulent project.

Company History

How long has the platform existed? A good question, but one with no answer on the official site. The founding date of Sync Digital is undisclosed. However, the domain sync-digital.net is new, having been registered in October 2024. There are also very few reviews, which indicates the platform’s lifespan is too short to call it a reliable or experienced broker.

Conclusion

Sync Digital is yet another scam disguised as a reputable broker. The lack of genuine licenses, a fake legal address, ridiculous terms with high leverage, and minimum deposits — all these factors point to the fraudulent nature of this company.

Weighing the Pros and Cons

Common Questions