Overall, TemplerFX trading fees start at $1 USD. TemplerFX spreads start at 0.10 Pips. Certain accounts allow commission-free trading. The minimum deposit required to register a Templer FX account ranges from $0 USD – $25’000 USD.
Templer FX At A Glance
| Broker’s Name | Templer FX |
| ? Headquartered | Kingstown, Saint Vincent and the Grenadines |
| ? Year Founded | 2004 |
| ⚖️ Regulating Authorities | Financial Services Authority of Saint Vincent and the Grenadines |
| ? Countries not accepted for trade | US, UK, EU, Canada, Turkey, Israel, and Japan |
| ☪️ Islamic Account (Swap Free) | Yes |
| ? Demo Account | Yes |
| ? Institutional Accounts | Yes |
| ? Managed Accounts | Yes |
| ? Maximum Leverage | 1:200 |
| ? Minimum Deposit | No minimum deposit |
| ? Deposit Options | Visa WeTransfer Skrill PerfectMoney FasaPay |
| ? Withdrawal Options | Visa WeTransfer Skrill PerfectMoney FasaPay |
| ? Platform Types | MetaTrader4, TemplerFX Trader |
| ? OS Compatibility | Web browsers, Windows, Linux, MacOS, Android, iOS |
| ? Tradable Assets | Forex, CFD, Indices, and Metals |
| ?? Languages supported on Website | English, Russian, Indonesian, Chinese |
| ? Customer Support Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, and Slovenian. |
| ? Customer Service Hours | 24/5 |
| ?Open an account | ? Click Here |
Templer FX Keypoint Overview
Fees and Spreads
With TemplerFX, spreads start from 0.10 pips.
? TemplerFX offers a spread list and fee schedule that is transparent as well as competitive. The spreads that traders can expect on the different live accounts when trading with TemplerFX is 0.10 pips. The broker does not charge any commissions or any transaction fees.
On the Islamic Account, the spreads are the same except for a transaction fee of $ 5 per traded lot.
? Price spreads vary throughout the day depending on factors such as available liquidity (supply and demand), market forces, volatility, and the trading session.
Additional Trading Fees
?When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
? When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
According to TemplerFX, long and short positions that are held overnight will be credited with swaps. These are calculated depending on the instrument traded. On the broker’s website, the contract specifications are listed showing exactly what fees will be charged on short and long swaps.
TemplerFX also makes provision for an Islamic Account for Muslim traders who follow the Sharia Law. These clients are prohibited from earning or paying interest where the holding of open positions is concerned.
?TemplerFX does not offer spread betting and thus spread betting fees do not apply.
Broker Fees
? TemplerFX does not charge deposit fees or withdrawal fees on most of the payment methods.
? Deposits have charges of 1% on some of the international payment methods. On withdrawals charges of between 1 to 3,5% can be expected on international payment methods.
?Traders also need to ensure that they verify additional charges which may be charged by the financial institution they use.
Pros and Cons
| ✔️Pros | ❌Cons |
| Competitive trading conditions | Clients from the United States, United Kingdom, Canada, Turkey, Israel, and Japan are not accepted |
| Demo Account offered | Limited base currencies accepted |
| Islamic Account/Swap-free provided for Muslim traders | Off-shore regulation |
| Low deposit fees or withdrawal fees charged | |
| Low minimum deposit required | |
| No commissions charged on any of the account types | |
| Transparent fee schedule |
Customer Reviews
This broker is not regulated
This broker is not regulated. But they have plenty of easy withdrawal options for East African customers
Advice to retail traders
Advice to retail traders. In simple words, be aware of this broker and their partners . Last time i have deposited using a service they call flutterwave ( MoMo) they didn’t reflect the amount to my account. I chatted with 3 of their agents, always telling me that my problem is going to be resolved within 24 hours. Now it’s 4 days without my money. I’m totally frustrated. This broker is not trustworthy, you can even see it’s reviews online, they are being shited. Be aware please ??
looks good
looks good, instant withdrawal, but not many options to receive money
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Conclusion
Overall, TemplerFX trading fees start at $1 USD. Spreads start at 0.10 Pips. Templer FX offers commission-free trading on some live accounts. The minimum deposit required to register an account ranges from $0 USD – $25’000 USD.
FAQ
How many instruments can I trade with TemplerFX?
You can trade the following financial instruments:
- Forex
- Precious Metals
- Energies
- Cash Indices
- CFDs
Which platforms are supported by TemplerFX?
MetaTrader 4 and TemplerFX Trader.
Does TemplerFX offer leverage?
Yes. Leverage of up to 1: 2000.
What spreads can I expect with TemplerFX?
You can expect fixed spreads that start from 0.10 pips.
Does TemplerFX charge commission?
No. With TemplerFX there are no commission fees.
It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.
Is TemplerFX regulated?
No. TemplerFX is an offshore company. It is regulated through the FSA of St Vincent and the Grenadines.
Is TemplerFX a recommended forex trading broker for experts and beginners?
Yes. TemplerFX caters for both beginners and expert traders.
What is the overall rating out of 10 for TemplerFX?
6/10.
Featured SA Shares Writer and Forex Analyst.
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