Templefx is a licensed provides its clients with high-end trading technologies. We will help you decide if this broker is right for you.
Who is behind Templefx?
Templefx was founded in 2016 with its headquarters In London, United Kingdom. It is a brand from the TS Capital Limited that is authorized and regulated by Financial Conduct Authority of the UK which requires the most strict regulations operations and delivery standards.
This commission protects the clients since they get full compensation if Templefx fails to meet its obligations. It offers its clients multiple trading products that include futures, foreign exchange, precious metals, stocks, and shares. Unfortunately, it does not support cryptocurrency trading yet.
What trading platforms are available?
Templefx uses the MetaTrader 4 platform which provides its clients with the most powerful trading capabilities. It allows for Tier 1 interbank liquidity and fast execution. This platform is downloadable and used in both the computer and mobile phone. The clients can, therefore, trade using a full range of unique tools. MetaTrader platforms are available for use on Window, Android and IOS enabled mobile phones and iPad.
There is also the Webpage platform that allows clients to access the trading platform directly. Templefx also has a Multi-account Manager Account that enables the client to have someone manage their accounts on their behalf. This platform requires a client to provide a power of attorney allowing a licensed money manager to take over their accounts. This process must also be verified with a minimum balance amount of 1000 dollars. Its website supports English, Greek, Indian, German and Arabic languages.
What Trading Accounts are available?
Based on the client’s needs Templefx offers three different accounts to choose from. A Demo account that is suitable for new clients who require a practical experience before investing is available. There is a swap free account that specifically targets clients of the Islamic belief. This account is optional.
All the other three accounts that include Basic, Advanced and ECN accounts have maximum leverage of 1: 500. The Basic Account has a minimum deposit of 50 dollars and a spread of 2.2 pips without commission. The Advanced Account offers a minimum deposit of 500 dollars with a spread starting from 1.6 pips without any commissions too while the ECN account offers a minimum deposit of 5,000 dollars and 0 pips with a commission of 7 dollars of round lot traded.
Deposits and withdrawal options
Templefx allows a client to make deposits or withdrawals through Credit/Debit cards, wire transfer, skrill, and American Expresso or Sofort payments methods. This broker also accepts US dollars, Euros and Great Britain Pound as a form of payment currencies
Clients can also withdraw funds using the same payment methods anytime. You can also withdraw the profits while retaining the initial deposit at the same time.
Spreads, Leverage, and Commissions
The ECN account offers a commission of 7 dollars for the lot that is traded. The maximum leverage for all accounts is 1: 500.There are overall spreads in all the accounts from 0 to 2.2 pips depending on the account. It also gives its members free trading signals.
Customer support i9s available for 24 hours and 7 days a week. You can use traditional phone calls or emails to get customer support services. You can also request for a call back on the call back request template available on the website. Customer support is also available on social media platforms such as Facebook, Twitter, and LinkedIn.
- Multi account manager account is available.
The Multi-account Manager Account allows Trades manager to operate an account on behalf of a client with power of attorney. It will enable busy clients to continue making trades as well.
- Demo Account is available.
The Demo account allows a new client to perform a test run on the platform and get acquitted with the basics. This will enable them to have an easy time when doing the actual trading.
- Meta Trader 4 platform.
Templefx uses the MT$ platforms that is the best platform to run forex trading with advanced technology providing clients with the best tools to do trading.
- No educational materials
It does not offer educational materials that would be helpful especially to the new clients.
Templefx is a brand that is regulated for the protection of its clients. The range of accounts available also gives the clients the ability to choose an account they are well suited for. Templefx uses the MT4 account mainly. This tool is best suited for running trades in the forex market due to the wide variety of tools available as well as suitable performance. This trading platform also allows various payment methods making it diverse. There is also an account meant for its Islamic clientele that does not have many regulations. Even though it does not offer cryptocurrency trading and does not have educational materials, it is generally a good trading platform.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK