Templer FX-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Templer FX is a forex and CFD broker operated by Templer Holdings Management Limited, a Saint Vincent and the Grenadines registered company. Temple FX is not subject to any regulation, so it cannot provide proper client protection. Traders are not advised to trade with this broker.

Market Instruments

Trading products offered by Temple FX include forex currency pairs, precious metals, energies, Cash indices, cash indices and share CFDs.

Minimum Deposit

Templer FX offers three trading accounts: Universal FX, XBTC and Cent FX. The minimum deposit requirements for all three accounts seem quite low, with $1 for the Cent FX account, $25 for the Universal FX account and 0.0000001BTC for the XBTC account. Although Templer FX requires low initial deposit, traders are still not advised to register accounts here given the fact that Templer FX is unregulated.

Leverage

Templer FX offers the dynamic leverage, from 1:1 to 1:2000, immensely high. It seems that unregulated brokers love to offer generous leverage to attract traders. However, since leverage can amplify gains as well as losses, it is not necessarily a good thing to use such high leverage.

Spreads & Commissions

As per Templer FX website, it offers the spreads from 0.1 pips, with no commissions charged.

Trading Platform Available

When it comes to trading platform available, TemplerFX offers the most popular trading platform MetaTrader 4 (MT4) – for computers, mobile devices and web browsers. MT4 has many functions, offering API connectivity, supporting PAMM and MAMM functionality and has wide selection of technical analysis and charting tools.

Deposit & Withdrawal

TemplerFx has an extensive list of payment options. In addition to the standard bank transfer and debit/credit cards, the broker also processes deposits and withdrawals via the following platforms: Skrill, Contact, Leader, Perfect Money, FasaPay, Yandex Money, OKPay, Qiwi Wallet, Paxum, Bpay, Sberbank, Alfa Click and Self Service terminals via WalletOne.

Customer Service

There is a “FAQ” section on the Templer FX website to answer most common questions. The Templer FX customer support can be reached through email, live chat.