TemplerFX

General information

Registered in St. Vincent and the Grenadines for less than a decade, TemplerFX is an online forex broker that provides its clients with a series of common forex instruments.

TemplerFX is a financial broker that offers trading services in various markets, including forex, precious metals, energies, cash indices, and shares CFDs. However, it is important to note that as of my knowledge cutoff in September 2021, TemplerFX was not a regulated broker. The lack of regulation raises concerns about the credibility and transparency of the broker's operations, as regulated brokers are typically subject to oversight by financial authorities.

TemplerFX provides different account types with varying features and minimum deposit requirements to cater to traders' preferences. These account types include Universal FX, XBTC, Cent FX, MAM, Muslim FX, and Segregated Account. Each account type offers different spreads, leverage options, and features such as Expert Advisors for automated trading. It is important to consider the lack of effective regulation when evaluating the overall reliability and trustworthiness of the broker.

The broker offers a range of trading platforms, including Templer FX Trader, MetaTrader 4 for Android and iOS, Templer FX Trader for BlackBerry, Templer FX Trader on Linux and MacOS, and Templer FX WebTrader. These platforms provide features such as real-time quotes, trade execution, technical analysis tools, and convenient access to trading accounts from various devices.

TemplerFX allows continuous Forex trading throughout the week, with trading hours from Sunday 00:05 (EET time) until Friday 23:55 (EET time). The platform operates on Central European Time (EET), with a GMT offset of GMT+2 under normal circumstances.

The broker provides several deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, and various online payment systems, offering flexibility and convenience for clients to fund and withdraw funds from their trading accounts.

TemplerFX offers bonuses and promotions, including deposit bonuses and a no deposit bonus, to enhance trading opportunities for its clients. These bonuses can provide additional margin and can be withdrawn after fulfilling certain conditions.

It is important to note that while TemplerFX offers a variety of market instruments, account types, trading platforms, and bonuses, the lack of effective regulation should be considered when evaluating the overall credibility and trustworthiness of the broker. Traders should conduct thorough research and exercise caution when choosing a broker for their trading needs.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Pros and Cons

TemplerFX offers a range of features that can be beneficial for traders, but it also has some drawbacks to consider. On the positive side, the platform provides a wide selection of trading instruments, including forex, commodities, and indices, allowing users to diversify their portfolios. The availability of multiple account types caters to different trading styles and experience levels. Additionally, TemplerFX offers spreads and leverage options, which can enhance potential profitability. Moreover, the platform supports various payment methods and provides a user-friendly interface, making it accessible for both novice and experienced traders.

However, there are some limitations to be aware of. TemplerFX lacks regulatory oversight from well-established financial authorities, which may raise concerns regarding the safety of funds and the platform's operations. Moreover, customer support is reported to be inconsistent, with some users experiencing delays or difficulties in obtaining assistance. Additionally, the educational resources and research tools offered by TemplerFX are somewhat limited compared to other platforms, which may be a drawback for traders seeking comprehensive market analysis and educational materials.

Overall, while TemplerFX offers a range of trading options and user-friendly features, its lack of strong regulatory oversight and limited customer support and educational resources should be considered before making a decision to trade on the platform.

Here's a table summarizing the pros and cons:

Is TemplerFX Legit？

TemplerFX is a broker that operates in the financial market. However, it is important to note that as of my knowledge cutoff in September 2021, TemplerFX was not a regulated broker. The lack of valid regulation means that it may not be subject to oversight by financial authorities or regulatory bodies that typically ensure fair practices and investor protection in the industry.

The absence of regulatory oversight raises concerns about the credibility and transparency of the broker's operations. Regulated brokers are generally required to meet certain standards and adhere to strict guidelines to ensure the safety of client funds and the integrity of their trading services. Without regulation, there is a higher risk of potential fraudulent activities, unfair practices, and inadequate protection for clients.

Market instruments

Currency pairs, indices, commodities, metals, energy, stocks.....TemplerFX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on TemplerFX. However, cryptocurrencies are not available for now.

TemplerFX offers a variety of market instruments for trading. Here is a breakdown of the different markets and instruments available:

1. Forex: The Forex market allows trading of currencies through the relative values of currency pairs. Traders can speculate on the exchange rate movements between different currency pairs such as EUR/USD, GBP/USD, USD/JPY, and more.

2. Precious Metals: This market involves trading spot metals, such as gold (XAU/USD) and silver (XAG/USD). Traders can take short or long positions on the prices of these metals.

3. Energies: Trading in the energies market involves products like crude oil (BRENT). This market is known for its volatility, influenced by global events that impact energy supply and demand.

4. Cash Indices: Cash indices allow traders to trade on the overall market performance instead of individual stocks. Popular cash indices include US30, NAS100, SPX500, and GER30.

5. Shares CFDs: TemplerFX provides access to trading Share CFDs, which are Contracts for Difference based on the stock market. Traders can buy or sell CFDs on major company shares like Amazon, Apple, Microsoft, and more.

Each market instrument has specific contract sizes, maximum lot sizes, minimum fluctuations, margin requirements, and trading hours. Traders can take advantage of price movements in these markets and potentially profit from their trades.

Spreads and commissions

It is commendable that in the trading product interface, TemplerFX provides a detailed table showing the spreads, SWAPs, and stop levels of various products in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.

Account Types for TemplerFX

TemplerFX offers several account types with different features and minimum deposit requirements. Here is a description of each account type:

1. Universal FX: This account requires an initial deposit of $25 and is denominated in USD. It offers spreads starting from 0.10 pips, no transaction fees, and supports a minimum contract size of 0.01. Traders can enjoy leverage ranging from 1:1 to 1:2000. The account allows for up to 100 opened orders, with a hedged margin requirement of 50%. Margin Call is set at 80%, and Stop Out level at 30%. Expert Advisors (automated trading systems) are enabled for this account type.

2. XBTC: This account is designed for traders who prefer to deposit and trade with Bitcoin (BTC). The initial deposit requirement is 0.000001 BTC. It offers similar features to the Universal FX account, including spreads starting from 0.10 pips, no transaction fees, and a minimum contract size of 0.01. Leverage ranges from 1:1 to 1:2000, and Expert Advisors are supported.

3. Cent FX: This account is suitable for traders who want to start with a smaller initial deposit. It requires only $1 as the minimum deposit and is denominated in USD. Spreads start from 0.10 pips, and there are no transaction fees. The account supports a minimum contract size of 0.01 and provides leverage ranging from 1:1 to 1:2000. Expert Advisors can be used with this account type.

4. MAM: The MAM (Multi-Account Manager) account is designed for professional traders or money managers who manage multiple client accounts. The initial deposit requirement is $1,000. It offers similar features to other account types, including spreads starting from 0.10 pips, no transaction fees, and leverage ranging from 1:1 to 1:2000. Expert Advisors are supported for this account.

5. Muslim FX: This account is specifically designed to meet the needs of Islamic traders who adhere to Shariah principles. It requires an initial deposit of $25 and is denominated in USD. Spreads start from 1.0 pips, and there is a transaction fee of $5 per lot. The account supports a minimum contract size of 0.01 and provides leverage ranging from 1:1 to 1:2000. Expert Advisors can be used with this account type.

6. Segregated Account: This account is suitable for traders with a higher initial deposit. It requires a deposit of €50,000 and is denominated in EUR. It offers spreads starting from 0.10 pips, no transaction fees, and a minimum contract size of 0.01. Leverage ranges from 1:1 to 1:2000, and Expert Advisors are supported.

It is important to note that while TemplerFX offers different account types to cater to various trading preferences, the lack of effective regulation should be considered when evaluating the overall reliability and trustworthiness of the broker.

How to Open an Account？

To open an account with TemplerFX, follow these steps:

1. Visit the TemplerFX website and log in to the Members area. If you don't have an account, you'll need to register first.

2. Once logged in, navigate to the Trading Account section and find the Live Account submenu.

3. In the Live Account submenu, you will see different types of live accounts available. Choose the account type that suits your preferences and trading needs.

4. Select your preferred leverage option (applicable for live accounts only). Leverage determines the borrowing power and risk level of your trades.

5. After selecting the account type and leverage, click on the “Create new account” button.

6. Follow the instructions provided by TemplerFX to complete the account opening process. This may involve providing personal information, verifying your identity, and agreeing to the terms and conditions.

Leverage

TemplerFX provides a range of leverage options to cater to different trading needs. The leverage offered is based on the trader's account balance. For account balances ranging from 0 to 999, the maximum available leverage is 1:2000. This high leverage option allows traders to control larger positions with a relatively smaller amount of capital.

As the account balance increases, the maximum available leverage decreases. For account balances between 1000 and 2999, the leverage is set at 1:1000. For balances ranging from 3000 to 9999, the leverage is 1:500. The leverage gradually decreases further for higher account balances: 1:300 for balances between 10000 and 19999, 1:200 for balances between 20000 and 99999, and 1:100 for balances of 100000 and above.

It's important to note that while higher leverage can amplify potential profits, it also increases the risk of losses. Traders should carefully consider their risk tolerance, trading strategies, and market conditions before selecting the appropriate leverage level. It is crucial to have a solid understanding of leverage and implement risk management techniques to protect capital and mitigate potential losses.

Trading platforms offered by TemplerFX

TemplerFX offers a range of trading platforms to cater to the diverse needs of traders. Here is a description of the trading platforms provided by TemplerFX:

1. Templer FX Trader: This is the primary trading platform offered by TemplerFX. It is a feature-rich platform that combines powerful functionalities with user-friendly interface. It provides fast connections for effective trading and offers unlimited chart-analysis possibilities. Key features include support for different time series, a wide range of technical indicators and surveys, the ability to create automated trading systems (Expert Advisors), real-time data export, an internal e-mail system, and real-time generation of confirmations and accounting.

2. MetaTrader 4 for Android: Traders can download and use the popular MetaTrader 4 (MT4) platform on their Android smartphones or tablets. It allows users to control their trading accounts and trade in the financial markets. Key features include trading from a real-time live tick chart, the ability to use all available symbols, placing buy and sell orders, setting stop-loss and take-profit levels, viewing real-time profit/loss of live trades, accessing past history, and utilizing technical analysis tools.

3. MetaTrader 4 for iOS: This platform is designed for trading on iPhone and iPad devices. It provides real-time quotes of financial instruments, a full set of trade orders (including pending orders), the ability to trade directly from the chart, support for all types of execution modes, complete trading history, and more.

4. Templer FX Trader for BlackBerry: TemplerFX offers a version of the MetaTrader 4 terminal specifically designed for trading on BlackBerry devices. It provides features such as trading from a real-time live tick chart, placing buy and sell orders, setting stop-loss and take-profit levels, accessing real-time profit/loss of live trades, viewing past history, real-time interactive currency charts, and additional tools like Fibonacci Retracement Calculator, Pivot Point Calculator, and Profit Calculator.

5. Templer FX Trader on Linux: Linux users can work with MetaTrader 4 via one of the Linux versions, such as Ubuntu. To run MetaTrader 4 on Linux, users need to install Wine, which allows running applications developed for Microsoft Windows systems. The platform offers various features and tools for trading.

6. Templer FX Trader on MacOS: Mac users can install the MetaTrader 4 platform on their devices using Wine and PlayOnMac software. This provides a convenient way to run the popular Forex trading application on Mac OS. Wine is a free software that enables running Windows applications on Unix-based systems, and PlayOnMac simplifies the installation process.

7. Templer FX WebTrader: Traders can access the WebTrader platform from any modern browser without the need for additional software installation. It supports Windows, Mac OS, and Linux operating systems. Users can log in to their accounts and trade online, enjoying the convenience of trading from any location with an Internet-connected computer.

Spreads and Commissions

TemplerFX provides a transparent overview of spreads and commissions for various trading instruments, allowing customers to easily compare and analyze the costs associated with trading. The information provided includes typical spreads, gap levels, stop and limit levels, maximum limit and stop levels, trading halt time, and swap rates.

For major currency pairs such as EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD, and NZD/USD, the typical spreads range from 0.5 to 1.5 pips. The gap level is set at 0.8 pips, indicating the minimum distance from the market for placing limit or stop orders. The stop and limit levels are set at 5 pips, and the maximum limit and stop levels are set at 50 pips. The trading halt time is up to 30 seconds.

For major currency cross pairs such as EUR/GBP, EUR/CHF, EUR/JPY, EUR/CAD, EUR/NZD, EUR/AUD, GBP/CHF, GBP/JPY, GBP/CAD, GBP/AUD, and GBP/NZD, the typical spreads range from 1.1 to 4.5 pips. The other parameters such as gap level, stop and limit levels, trading halt time, and swap rates follow a similar pattern as the major currency pairs.

For other instruments like spot indices (#AUS200, #Japan225, #UK100, #USSPX500), energies (BRENT, WTI), and cryptocurrencies (BTCUSD, ETH/USD, LTC/USD), the spreads, gap levels, stop and limit levels, trading halt time, and swap rates are specified.

It's important to note that the provided spreads and swaps are indicated for a specific date, and TemplerFX reserves the right to change them when necessary. Swaps are applied at 00:00 CET, and triple swaps apply to positions held overnight on Wednesdays. Additionally, certain market conditions may affect the stop and limit levels, with a minimum distance of 50 points.

Deposit and withdrawal methods and fees

TemplerFX provides a variety of deposit and withdrawal methods for its clients. For depositing funds into a trading account, clients can choose from options such as Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Leader Payment System, M-Pesa, OKPAY, Paxum, PayAnyWay, Payeer, PerfectMoney, Qiwi, Self Service Terminals System (SSTS), Skrill, and WalletOne.

When it comes to withdrawing funds from a trading account, TemplerFX offers several withdrawal methods including Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, FasaPay, Local Exchangers, M-Pesa, OKPAY, Paxum, Payeer, Payza, PerfectMoney, Qiwi, and Skrill. Clients can choose the most suitable method for withdrawing their funds, ensuring ease of access to their profits or account balance.

Educational resources

A series of educational resources is available at TemplerFX, such as beginners guide, expert tips and glossary.

Customer support of TemplerFX

TemplerFX offers customer support services to assist their clients. They can be contacted via email at info@templerfx.com or by phone at +44 20 33557076. The company is located at Suite 305, Griffith Corporate Centre Beachmont P.O.Box 1510, Kingstown, SVG. They also provide the option for a call back. The customer support is available in English. Additionally, TemplerFX has a presence on social media platforms such as Facebook, Google+, and Twitter, where clients can engage and stay updated with the latest information.

Below are the details about the customer service.

Language(s): English

Email: info@templerfx.com

Phone Number: +44 20 33557076

Fax: +44 02 071128046

Address: Suite 305, Griffith Corporate Centre Beachmont P.O.Box 1510, Kingstown, SVG

Social media: Facebook, google+, twitter

Other services: Call back

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

TemplerFX provides educational resources to support traders in their learning journey. They offer “3 Steps to Becoming a Trader” for a structured approach to trading essentials, risk management, and strategy development. Expert tips from experienced traders help enhance skills and decision-making. A comprehensive glossary explains trading terminology. These resources empower traders with knowledge and skills to make informed trading decisions at any level of experience.

Conclusion

In conclusion, Templer FX is a financial trading company that offers a range of services and tools for forex trading. The company stands out with its emphasis on technology and innovation, providing clients with a user-friendly trading platform and reliable infrastructure. The advantages of Templer FX include its spreads, execution, and the opportunity to trade various financial instruments. However, it is important to note that like any trading platform, Templer FX carries certain disadvantages. These may include the inherent risks associated with forex trading, potential volatility in the market, and the possibility of financial loss if not approached with caution and proper risk management. As with any investment, individuals should carefully consider their risk tolerance and seek professional advice before engaging in forex trading with Templer FX or any other platform.

FAQs

Q: Is TemplerFX a regulated broker？

A: TemplerFX was not a regulated broker. Lack of regulation raises concerns about credibility and transparency.

Q: What markets and instruments are available for trading on TemplerFX？

A: TemplerFX offers trading in Forex, precious metals, energies, cash indices, and shares CFDs.

Q: What are the different types of accounts offered by TemplerFX？

A: TemplerFX offers Universal FX, XBTC, Cent FX, MAM, Muslim FX, and Segregated Account types.

Q: How can I open an account with TemplerFX？

A: To open an account, visit the TemplerFX website, register or log in, navigate to the Trading Account section, choose the account type, select leverage, and follow the instructions.

Q: What leverage options does TemplerFX offer？

A: TemplerFX provides leverage ranging from 1:1 to 1:2000, depending on the trader's account balance.

Q: What are the spreads and commissions on TemplerFX？

A: TemplerFX provides transparent information about spreads and commissions for different trading instruments. Spreads vary based on the instrument, and commissions may apply to certain account types.

Q: What deposit and withdrawal methods are available on TemplerFX？

A: TemplerFX offers various deposit and withdrawal methods, including bank wire, credit/debit cards, e-wallets, and other payment systems.

Q: What trading platforms does TemplerFX offer？

A: TemplerFX offers the Templer FX Trader platform, MetaTrader 4 for Android and iOS, Templer FX Trader for BlackBerry, Templer FX Trader on Linux and MacOS, and Templer FX WebTrader.

Q: What are the trading hours on TemplerFX？

A: Forex trading on TemplerFX is available from Sunday 00:05 (EET time) until Friday 23:55 (EET time), operating on Central European Time (EET).

Q: Does TemplerFX offer any bonuses or promotions？

A: Yes, TemplerFX offers bonuses such as +5%, +10%, +15% Bonus, No Deposit Bonus, and Up to 100% Deposit Bonus, subject to certain conditions.