One of the highly requested reviews is the TemplerFX review. 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 about 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 the broker? You are at the right address to get answers to all these questions.
I reviewed Templer Fx based on the following criteria.
- High leverage
- Low initial deposit
- MT4 supported
- Registered offshore
Who is TemplerFX?
Who is TemplerFX?
Founded in 2004, TemplerFX is a financial markets broker located in St. Vincent and the Grenadines who allows trading with Forex, CFDs, and Commodities. TemplerFX offers a wide range of products. With over 10+ years successfully serving customers from around the world, the broker is making sure to provide a favorable 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.
TemplerFx is an online Currency Exchange Services provider. Templer FX offers retail and corporate clients a superior level of service to maintain long-term relationships that will enable us to respond to their changing needs more efficiently and proactively. Templer FX 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 the broker 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 the broker 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.
Account Types and Spreads
TemplerFX Account Types and Spreads
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.
For the Forex Templerfx account types are the universal FX account, the Muslim FX account, the Cent FX account, MAM, and Segregated accounts.
The universal FX account is the most popular account within the broker. 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 here 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 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 for the buying and selling orders, with a minimum deposit of $25.
The 3rd Templerfx account types in forex is the Cent FX account which targets the new forex traders as it has the least minimum deposit amount of $1. With spread as low as 0.1 pips. The leverage here 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.
Whereas, the Segregated account type is having the Euro as its deposit currency with a minimum deposit of €50000. with spread and leverage of the same amounts as other accounts.
There is also one cryptocurrency account which is the XBTC account, 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.
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 analysis, expert advisors, and more.
Templerfx provide several instruments to trade within the platform. You can trade with Forex, Indices, Energies, Metals and Shares.
You can trade with over 30+ currency pairs where you can trade major minor and exotic pairs. As well as, trading with gold and silver within the precious metals category. Trading gold and other metals creates great opportunities for hedging in every liquid market.
BRENT oil can be traded as well, and all from the same MT4 trading platform. The indices available are US30, NAS100, SPX500, and GER30. Whereas the broker offer CFDs on over 40 major company shares including Amazon, Apple, Microsoft and American Express.
The educational materials offered by the broker 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 some 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.
There’re quite a few ways to access the demo account portal and open an account and start the virtual trial trading. You can either access that from the main menu on the front page as shown below.
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 and also if you want you can create Demo Accounts more than one.
TemplerFX provides not jut one, but 4 different bonuses to its customers and they include:
- +5%, +10%, +15% Bonus: You can claim 5%, 10% or 15% bonus on EACH deposit you make depending on 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, you will be credited with a 1% Loyalty Bonus for each trading year with Templerfx.
- No Deposit Bonus: Which is considered as a 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 fulfill all the terms and conditions and the bonus would be added to your account automatically.
- 100% Deposit Bonus: You can claim up to 100% bonus for each deposit during this promotional period. If you claim up to 100% Bonus, then you can’t claim another bonus.
TemplerFX Deposit and Withdrawal Methods
Funding methods are one of the great advantages of the broker as it contains a wide variety of means and methods to deposit and withdraw from your live account. Some of these methods are bank wire transfers, credit cards, and popular e-wallet systems such as Skrill, Perfect Money, fasapay, Qiwi Wallet, contact, leader, M-Pesa, and more.
Funding and withdrawals can also be done using different currencies like USD, EUR, CHF, GBP, KES, TZS, RUR, and more.
It would never be an issue to fund your account by any means when dealing with TemplerFX.
3 Steps to Becoming a Trader in 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 us and start trading Forex.
TemplerFX Customer Support
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 call back or even get in a live chat session with one of the customer support team. All you need to do if 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 contact via email or via mobile phone.
Conclusion of TemplerFX Review
In this Templerfx review, we have reviewed all the details about the broker in which we came to the conclusion that the answer to the most important question on 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 institutions 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 Templerfx. I’d recommend checking this article to find more trustable brokers. and contact me or leave me a comment if you have any inquiries.