The first thing you realize is that the company doesn’t reveal the ownership details. But deeply hidden in T&Cs we found that they are owned by Templer Holdings Management Limited. Indeed, it looks like the company has been working since 2005 as they claim.
However, there are many irregularities in their offer and services. But if you take a closer look into all the details in this TemplerFX review you will learn how to stay safe.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | Saint Vincent and Grenadines |
| Operating Since: | 2005 |
| Trading Platforms: | Proprietary app, MT4 |
| Maximum Leverage: | 1:2000 |
| Minimum Deposit: | $1 |
| Deposit Bonus: | Available up to 100% |
| Trading Assets: | Forex, indices, stocks, commodities |
| Free Demo Account: | Available |
| How To Withdraw From This Company? | With their extremely risky conditions and lack of regulations, you can expect a variety of issues with this broker. Ultimately, you could request a withdrawal but if you experience any issues with that, our refund team is available for consultation. |
Legal Info: Is TemplerFX Legit Or A Scam?
All the forex brokers registered in St. Vincent and Grenadines should obtain other licenses. At least if they want to trade in other countries. But to avoid the regulators, this broker is targeting a few countries.
Nevertheless, the only way to trust them is if they have any Tier 1 licenses, such as FCA, BaFin or ASIC. However, they don’t and that’s where the problems start.
Who Are TemplerFX’s Clients?
Since the company started, they have been mainly targeting African countries. For them, it’s enough money, but they avoid strict regulatory requirements. Most of their scammed traders come from:
- Tanzania
- Uganda
- Rwanda
- Zambia
- Kenya
Let us know more about your experience with this broker in the comments below. But if you want to skip the small talk and start the chargeback process now, contact us directly.
Traders Experiences
Considering their long existence in the business, there are only a few reviews available. Thus, more than enough to prove their fraudulent activities. Out of 17 reviews on Trustpilot, almost 50% come with the worst rating.
Most likely there are many more. In any case, if you want to get your money back, you know what to do. Get in touch with our refund team and book your first free consultation.
Leverage, Commissions, Spreads, Fees and Taxes
Important to realize is that TemplerFX broker has transparent trading conditions. Templer FX offers a leverage of up to 1:2000. Also, the spreads start from 0.1 pips. But in detail info you can find on templerfx.com website.
Yet, all other commissions and fees remain unknown, except for a Muslim account with $5 transaction fees. But after TemplerFX login on the platform, you might find out the bitter truth.
Bonuses
Another key fact is that the broker offers bonuses on various occasions. But of course, the situation is the same as with any other scam broker. You need to meet the minimum trading volume to withdraw the funds.
TemplerFX Trading Features
One of the leading features is the TemplerFX trader. Of course, can’t be compared to MetaTrader 4 which they offer as well. But after completing the www.templerfx.com login you can check them both and decide.
Is TemplerFX Legit?
Even before completing the TemplerFX sign-up form, you realize that they are a shady broker. Imagine what would happen once you start trading. Without any regulations and with their risky conditions, they designed a recipe for your disaster.
Available Trading Assets
TemplerFX dashboard helps us reveal all their tradeable assets. But with their proprietary app, you should be aware of possible manipulations with the data. Anyway, your options are:
- Forex – EUR/GBP, AUD/GBP,
- Commodities – gold, crude oil
- Indices – DAX30, CAC40
- Shares – Netflix, Nike
- Cryptocurrencies – BTC, XRM
Account Types
There are a few TemplerFX live account options. However, none of the TemplerFX account types present significant differences or benefits. You can choose from:
- Universal – $25
- XBTC – 0.000001 BTC
- Cent – $1
- MAM – $1.000
- Muslim – $25
- Segregated – $50.000
Mobile Trading App
Whether you are using TemplerFX MT4 or a proprietary app, you can do it on the phone. Both apps are available on iOS and Android devices. But don’t let that trick you. To learn how software with unregulated brokers can fool you, read our Trustpac review.
Demo Account
Another key fact is that the broker offers a demo account. In general, they provide you will all the risk-free features. Not something you see every day with an unregulated broker. But that’s exactly the point.
Education
As for the education, the company doesn’t offer much. There are e-books available, forex trading guides and expert tips. But that’s the downside of missing TemplerFX regulations. They don’t offer live sessions and proper educational programs.
TemplerFX Withdrawal
Another important topic is the TemplerFX withdrawals. All the processing times and fees are fully transparent. But without regulations, the broker can change it at any time. Even if they don’t change it, there is a bonus clause that you shouldn’t forget.
Some more tricks scam brokers are using are non-existent fees, taxes and AML laws. Be careful if any of those rings a bell.
Customer Support
As for the contact options, there are a few, starting with a UK phone number, e-mail and live chat. But why would they have a UK phone other than to make themselves look legit?
Key Information To Consider About TemplerFX?
Whether the broker is transparent or not, they are not regulated. Therefore, all their statements are questionable. After all, numerous negative reviews are not there without a reason. Instead, you can opt for a Tier 1 licensed broker and forget about problems. Don’t let these swindlers pitch you they are a better option!
Ultimately, the choice is yours. But you can contact our refund team at any time if you have withdrawal problems. Depending on the funding method you have a wide range of options. So, don’t hesitate to contact us for advice.
FAQ Section
Is TemplerFX A Legit Broker?
No. The company is not regulated and they offer services with extremely risky conditions and one of the fund’s protection features.
What Is The Minimum Deposit On TemplerFX?
The minimum deposit requirement is as low as $1. But don’t let that trick you. That will get you to withdrawal problems later. If that happens, contact us for advice.
What Does TemplerFX Do?
TemplerFX broker offers FX and CFD services without authorization. But that’s why they are scamming only traders from Africa. For now!
Source:
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