One of the highly requested reviews is the TemplerFX review 2023. And so let’s start by knowing what is Templer FX. It’s an online Foreign Exchange (Forex) trading services provider.
TemplerFX Brokerage can be found through the website https://templerfx.com/, is a service as well as the brand name “TemplerFX” that was founded in 2004 and is currently operated by Templer Holdings Management Limited.
If you are wondering whether Is TemplerFX scam or reliable, what are the trading conditions of the broker such as TemplerFX minimum deposit spreads and maximum leverage? Is TemplerFX regulated? What are the account types of brokers? You are at the right address to get answers to all these questions.
Founded in 2004, TemplerFX is a financial markets broker located in St. Vincent and the Grenadines that allows trading with Forex, CFDs, and Commodities. Templerfx offers a wide range of products. With over 10+ years of successfully serving customers from around the world, Templerfx is making sure to provide a favourable experience for its clients.
The legal address of the broker is Suite 305, Griffith Corporate Centre Beachmont P.O.Box 1510, Kingstown – St. Vincent and the Grenadines.
An online Currency Exchange Services provider, Templerfx offers retail and corporate clients a superior level of service to maintain long-term relationships that will allow the to respond to the changing needs of their clients more efficiently and proactively. Templerfx explains its goal as providing its clients with the best trading practice and services in the forex industry.
Templerfx is registered by The Financial Services Authority (FSA) of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation).
Even though Templerfx is regulated by FSA in Saint Vincent and the Grenadines, that region is known for having easy regulations and facilitations in taking the regulation for the financial institutions. For the slightest example, it’s not a must to keep the customer account segregated from Templerfx operational funds and that, in itself, is a bit worrying since we wouldn’t be able to tell if the clients’ funds are protected the right way or not since the regulator isn’t one of the strict rule applicators.
And, due to the ease of obtaining that regulation, any financial organization can obtain it upon application. And so that leaves the customer in an uncertain state as Templerfx can be unreliable.
On the other hand, there are some reputable and reliable brokers, for instance, the ones regulated by UK’s FCA or the Australian Securities and Investment Commission (ASIC), who offer good trading conditions and are much safer to deal with.
Templerfx provides its clients with a variety of choices when it comes to account types as it has Forex accounts, Cryptocurrency accounts, MAM and Segregated accounts.
The Templerfx account types are the universal FX account, the Muslim FX account, the Cent FX account, MAM, and Segregated accounts.
The universal FX account
This is the most popular account within Templerfx. Where Templer fx minimum deposit here is $25 with 0.1 pips of spread. There are no commission fees on this type of account. The maximum leverage at Templerfx is 1:2000 which is more than the average of the market and that might be a risk you need to consider. Because as the leverage increases, the risk while trading also increases as the profit would also have the same impact as well as the losses.
The Muslim FX account
The account shares the same characteristics as the universal accounts except for the spreads and the commission fees. The spread in the Muslim accounts is 1.0 pip and there’s a transaction or a commission fee applied of $5 per lot where the maximum volume of orders to be opened in a lot ( whether that was for forex or CFDs) is 100. Here is a swap-free account that Templerfx is offering for buying and selling orders, with a minimum deposit of $25.
The 3rd Templerfx account types in forex are the Cent FX account
Which targets new forex traders as it has the least minimum deposit amount of $1. With spread as low as 0.1 pips. The leverage that Templerfx is offering is high as well to reach 1:2000.
The MAM account type ( multi-account manager)
Has a spread of 0.1 pips and the leverage offered here is 1:2000. The Templer fx minimum deposit here is $1000 which is a bit higher than the average of the market. with no commission fees offered on these accounts.
The Segregated account
Where the Euro is the deposit currency with a minimum deposit of €50000. Spread and leverage are the same amounts as other accounts.
The XBTC account
This is the cryptocurrency account type offered by Templerfx. Where you can trade cryptos with 0.1 pip of spreads and the same amount of maximum leverage that is offered in the forex accounts which is 1:2000.
In this part of the Templerfx Review 2023, I’ll break down the details of the option to have and start with a demo account within Templerfx to risk-free trials and knowledge testing.
There’re quite a few ways to access the demo account portal and open an account and start the virtual trial trading. Or you can access the 3 steps on how to become a trader in the education tab by clicking here.
It is quite easy to open a Demo Account; if you want, you can create Demo Accounts more than once.
TemplerFX offers the most famous platform in the forex industry for trading which is the Metatrader4. Being one of the best platforms in the market as it provides easy access and fast application of orders.
Some of the main features of MT4 are:
- Real-time live trade
- All symbols usage
- Buy and sell orders placement
- Making pending orders
- Stop-Loss and Take-Profit orders
- Alter existing orders
MT4 is available on android, IOS, Mac, and Windows.
It is still the most popular trading platform among traders and brokers. MT4 has a user-friendly interface, advanced charting tools, a wide range of technical analyses, expert advisors, and more.
Templerfx provides several instruments to trade within the platform. You can trade with Forex, Indices, Energies, Metals and Shares.
Forex: With over 30+ currency pairs you can choose from including majors, minors and exotic pairs, there is a variety of options to choose from when it comes to trading forex. With leverage of 1:100 offered on trading forex, It represents a good opportunity to traders to add many currency pairs as they wish to their trading portfolio.
Precious Metals: including Gold and silver against the USD dollar, you can trade metals with Templerfx in a 24- hour time frame. Treading Metals with its volatile markets offers many trading opportunities for investors to trade on the rise or fall of prices and open a long or short position and win in both cases of price movements.
Energies: brent oil is an example of the available Oil and natural gas sources presented by Templerfx for trading. Where energies markets are innately volatile due to the direct impact world events can have on supply.
Cash Indices: US30, NAS100, SPX500, and GER30 are examples of the cash indices that are offered by Templerfx where you can trade via fast execution of orders and speculate on the price movements and benefit from higher and lower price changes.
Shares CFDs: where a contract between 2 parties, the buyer and the seller, where you can trade without actually owning the share itself so you pay for covering extra charges due to that feature, trades are going towards trading CFDs due to the various advantages it offers them. 40 major companies and their hares are present for trades including Amazon, Apple, Microsoft and American Express.
The educational materials offered by Templerfx are quite scarce and in my opinion, aren’t enough for everyone.
You need to sign up for a demo account first and after that, you can download the Templerfx free forex app, and then you can download their pdf for profitable Forex trading for beginners that contains the basics of forex for trade newbies.
There’s also an expert tips section on the broker’s webpage that allows you to download a handbook to find the right FX broker for you where it explains everything from what’s trading in forex all the way to spreads and trading platforms.
There’s also another book that you can download for free, the same case for the previously mentioned materials, which is a handbook for finding the right hedge fund and you can download that book here.
Templerfx provides not just one, but 4 different bonuses to its customers and they include:
- +5%, +10%, +15% Bonus: You can claim a 5%, 10% or 15% bonus on EACH deposit you make depending on the current campaign. However, it is not possible to claim 11%, 25%, 47% etc. (except for Loyalty Bonus).
- Loyalty Program: Up to 10% bonus on every single deposit. Any deposit after your initial deposit on your Templerfx live account will be credited with a 1% Loyalty Bonus for each trading year with Templerfx.
- No Deposit Bonus: This is considered a welcome bonus so you don’t need to even make a deposit to get that bonus, all you need to do is to open a Templerfx live account and fulfil all the terms and conditions and the bonus would be added to your account automatically.
- 100% Deposit Bonus: You can claim up to a 100% bonus for each deposit during this promotional period. If you claim up to 100% Bonus, then you can’t claim another bonus.
Funding methods are one of the great advantages of Templerfx as it contains a wide variety of means and methods to deposit and withdraw from your live account. Some of these methods are
|Deposit Channel||Accepted currencies||Minimum amount per transaction||Maximum amount per transaction||Fees||Processing time|
|Visa and Mastercard||USD||1||10.000||0||Instant|
|Bank wire transfers||USD, EUR, CHF, GBP||100||–||bank fees by the bank||Within 1 hour|
Templerfx offers other e-wallet systems and local deposit channels are presented including Qiwi Wallet, contact, leader, M-Pesa, BPay, Airtel, OK pay, Payeer and more.
When it comes to withdrawals, they can take place via the same channels but the conditions of each would change depending on the method used.
|Withdrawal Channel||Accepted currencies||Minimum amount per transaction||Maximum amount per transaction||Fees||Processing time|
|Visa and Mastercard||USD||15||1000||2%+$5||1-5 business days|
|Bank wire transfers||USD||1000||–||€50||1-5 business days|
|Skrill||USD||10||up to a deposited sum||0||Instant|
Other channels for withdrawals are available at Templerfx with different conditions to provide traders with different options to choose from. Ok pay, Payza, Paxum, Payeer, Airtel and more are examples of the other available withdrawal methods.
Funding and withdrawals can also be done using different currencies like USD, EUR, CHF, GBP, KES, TZS, RUR, GEL, UAH, UGX and more.
It would never be an issue to fund your account by any means when dealing with Templerfx.
- Sign up for a Demo Account: Simply fill in the online application form by clicking here.
- Download our free FOREX trading software: Once you have signed up for your demo account you can download a copy of Templer’s FX Trader or Templer FX Mobile software to use with your demo account.
- Read our “Beginner’s Guide to Forex Trading”:
Profitable Forex Trading (pdf) – An introduction to currency trading that anyone can master.
Once you have completed these 3 steps and have understood the basic principles of Forex trading then you can open a “Live” account with Templerfx and start trading Forex.
Templerfx only hires experienced professionals that have shown a history of superior customer service skills and leadership in the financial services industry. Customer service is available 24 hours a day, 5 days a week.
Support is provided in many languages including English, Russian, Indonesian and Chinese.
There are many ways to get in touch with the customer support team in TemplerFX. You can send an email, request a callback or even get in a live chat session with one of the customer support team. All you need to do is fill in the forms like the ones you see down below and a support agent will get back in touch whether you choose to be contacted via email or mobile phone.
In this Templerfx review, we have reviewed all the details about Templerfx in which we came to the conclusion that the answer to the most important question of whether is Templer fx regulated or not, is now answered that yes, the broker is regulated by FSA in Saint Vincent and the Grenadines. The regulator isn’t the best nor the strictest financial institution regulator in the market and so, to provide absolute trust to the broker would be a matter of question.
Templerfx supports good trading conditions and has 4 forex account types along with one account type for cryptocurrencies. With options for a demo account and educational materials for both beginners and professional traders, Templerfx makes sure that the different requirements of different levels of traders are met.
You can always choose a different broker to trade with if you’re not sure about the license of Templer Fx. I’d recommend checking this article to find more trustable brokers. And contact me or leave a comment if you have any inquiries.