Introduction to TemplerFx
TemplerFX is an online broker offering a range of financial instruments including forex, CFDs, and metals trading. The company is headquartered in New Zealand and is regulated by the Financial Markets Authority (FMA). TemplerFX offers the MetaTrader 4 (MT4) trading platform and provides leverage of up to 1:500.
TemplerFX was established in 2014 and is owned by Templer Holding Ltd. The broker is registered with the Financial Markets Authority (FMA) in New Zealand as a derivatives issuer. TemplerFX also has offices in Saint Vincent and the Grenadines where it is registered with the Financial Services Authority (FSA).
Types of Accounts Offered by TemplerFx
TemplerFx is an international brokerage firm offering its clients a wide range of account types and services. The company is headquartered in London, UK and is regulated by the Financial Conduct Authority (FCA).
The main types of accounts offered by TemplerFx are:
1. Standard Account: This is the most basic account type offered by the broker. It requires a minimum deposit of $500 and gives access to all the major currency pairs, as well as some minor ones. The leverage is set at 1:100 and there is no commission charged on trades.
2. Premium Account: The premium account is designed for more experienced traders. It requires a minimum deposit of $5,000 and gives access to all currency pairs, as well as some CFDs on commodities, indices and stocks. The leverage is set at 1:200 and there is a commission of $3 per lot charged on trades.
3. VIP Account: The VIP account is reserved for professional traders with large capital balances. It requires a minimum deposit of $25,000 and gives access to all currency pairs, as well as some CFDs on commodities, indices and stocks. The leverage is set at 1:400 and there is a commission of $2 per lot charged on trades.
Trading Platforms and Software
There are a variety of trading platforms and software programs available to TemplerFX clients. The company provides the popular MetaTrader 4 (MT4) platform, as well as the WebTrader platform for those who prefer to trade online. The TemplerFX mobile app is also available for iPhone, iPad, and Android devices.
In addition to the platforms mentioned above, TemplerFX also offers a number of other software programs and tools to help traders with their analysis and decision-making process. These include Autochartist, Trading Central, and the company’s own exclusive market analysis tool, Trade Explorer.
TemplerFX clients can also take advantage of a number of exclusive benefits and bonuses, such as free VPS hosting, educational resources, and market news updates.
Order Execution and Slippage
When it comes to order execution, TemplerFX uses a dealing desk model. This means that all orders are routed through the company’s dealing desk and are then executed by a dealer. The company does not disclose the average spread on its website, but based on our experience, we can say that it is around 3 pips for major currency pairs. As for slippage, we did not experience any during our testing period.
Customer Service and Support
At TemplerFx, we take customer service and support seriously. We have a dedicated team of professionals who are available 24/7 to help our clients with any questions or concerns they may have. We also offer a comprehensive FAQ section on our website that covers all aspects of our business. In addition, we offer online chat support and email support for those who prefer not to speak on the phone.
Deposits and Withdrawals
Different brokers offer different methods for depositing and withdrawing funds. Some brokers only accept bank wire transfers, while others also accept credit cards and e-wallets.
The minimum deposit amount varies from broker to broker. Some brokers have no minimum deposit, while others require a minimum deposit of $100 or more.
Withdrawal fees also vary from broker to broker. Some brokers charge a flat fee for withdrawals, while others charge a percentage of the withdrawal amount.
It is important to read the fine print before choosing a broker. Be sure to compare the fees charged by different brokers before making a decision.
TemplerFx Regulation
TemplerFx is an offshore broker, registered in St. Vincent and the Grenadines. The company is not regulated by any financial authority. This lack of regulation is a big red flag for potential investors.
The company offers two types of accounts: Standard and ECN. The minimum deposit for a Standard account is $500, and the minimum deposit for an ECN account is $5000. Both account types offer leverage up to 1:500 and margin call/stop out level at 100%.
The trading platform offered by TemplerFx is MetaTrader4 (MT4). MT4 is a widely used platform among retail traders, but it lacks some features that are available on other platforms such as NinjaTrader or TradeStation.
The company has a very limited selection of tradable instruments: 28 currency pairs, 4 metals, and 2 CFDs. spreads are variable and start at 0.9 pips on EUR/USD for the Standard account type.
Overall, TemplerFx is a very risky investment choice due to the lack of regulation and the limited selection of tradable assets.
Pros and Cons of Trading with TemplerFx
TemplerFx is a regulated forex broker that offers a wide range of tradable assets, including currency pairs, indices, stocks, and commodities. The company is headquartered in the United Kingdom and is authorised and regulated by the Financial Conduct Authority (FCA).
TemplerFx provides its clients with the industry-leading MetaTrader 4 (MT4) trading platform, which is available for desktop, web, and mobile devices. The MT4 platform provides traders with a powerful and user-friendly interface, advanced charting tools, and a wide range of technical indicators. TemplerFx also offers the MetaTrader 5 (MT5) platform for more advanced traders.
Pros:
– Regulated by the Financial Conduct Authority (FCA)
– Wide range of tradable assets
– Industry-leading MetaTrader 4 (MT4) trading platform available for desktop, web, and mobile devices
– MetaTrader 5 (MT5) platform also available for more advanced traders
Cons:
– Spreads can be high for some currency pairs
Conclusion
All in all, TemplersFx is a decent brokerage. They have good regulation from the IFSC, offer multiple platforms for trading including MetaTrader 4 and 5, and have generally positive trader ratings. Their customer service could be more responsive and they don’t offer 24/7 support, but overall they are a safe broker that traders can trust.