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TemplerFX Review - is it scam or safe?

TemplerFX Review - Is templerfx.com scam or good forex broker?

RATING: 3.5 / 2 REVIEWS ForexBrokerz TemplerFX
TemplerFX is an offshore broker. Your money is not safe.

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Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Universal $25 0.01 lot 1:1000 0.1 pips
Muslim $25 0.01 lot 1:1000 1 pips

 

TemplerFX is an offshore forex and CFD broker that also offers trading in binary options. There are two types of live trading account, plus a free demo account.


The company. Security of funds.


Company Country Regulation
Templer Holdings Management Limited  SVG  FSA SVG

 

TemplerFX is yet another of the hundreds offshore brokers with a flimsy regulation. This time it is provided by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but generally it does not mean the broker is reliable and provides proper client protection.


More often than not, those brokers are a scam defrauding clients out of their money, so it is best to avoid dealing with them. There are proper and reliable brokers, particularly 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.


Trading platform


Not surprisingly, TemplerFX offers the most popular trading platform MetaTrader 4 (MT4) – for computers, mobile devices and web browsers.


MT4 is the most frequently offered trading platform and is popular both among brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.


Promotions


TemplerFX has several types of promotions. There are bonuses of 5, 10 and 15%, as well as a no deposit bonus, a loyalty program and a 100% bonus. All of the promotions and bonuses are subject to additional conditions.


Methods of payment


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.


Conclusion


TemplerFX is an offshore broker. Judging by the language versions of its site, it is mostly targeting Russian- and Chinese-speaking clients, as well as Indonesians.


It appears that the broker has been in business for a while and there haven’t been many complaints against it. On the contrary, there is mostly praise, but we are all too aware that comments on the internet can be bought a dozen for a dime, so we don’t raise our hopes too high.


Either way, as always, we strongly advise our readers to avoid dealing with offshore brokers with dubious regulation like TemplerFX. We are not explicitly saying it is a dubious broker, but everyone should keep in mind that the offshore regulators are not very reliable and do not offer much client protection.


Pros Cons
Low initial deposit Offshore
High leverage  


Latest news about TemplerFX
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Traders` reviews for TemplerFX

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

Pros

Cons

 

 

Customer service

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Summary

Pros

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recovery cammyton2atgmaildotcom

I got ripped off by a bogus broker recently it was difficult to get a withdrawal after several failed attempts. I had to hire a recovery firm to get my funds back.

camielle 07/18/2018

Methods of Payment

Templerfx offer various methods of payment including m-pesa payment, for their clients living in Kenya and Tanzania. It`s very effective and efficience.

MIANO 12/26/2017
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