Templer FX Review 2024

2 / 5
Templer FX is #108 in our CFD broker rankings.

Templer FX will appeal to traders looking for a cent account and very high leverage up to 1:2000. The $1 minimum deposit also makes it accessible for beginners.

- Daytrading Review Team

Templer FX is an unregulated, offshore forex and CFD broker founded in 2004. The brokerage offers a small range of assets on the MetaTrader 4 or proprietary platform, with high leverage up to 1:2000 and micro-lot trading. As an ECN broker, the brand aims to provide ultra-low trading costs and fast execution, making it an attractive choice for active traders.

Forex, CFDs, indices, shares, metals, energies, cryptocurrencies
$30 No Deposit Welcome Bonus
Wire Transfer, Perfect Money, FasaPay, Skrill, Visa, M-Pesa, Mastercard, Bitcoin Payments

Forex Trading

Trade 30+ forex pairs with competitive spreads averaging 0.5 pips for EUR/USD. You can also access very high leverage up to 1:2000, though we urge caution when using unregulated brokers.

Stock Trading

Access a modest selection of 40 shares including big names like Apple and Microsoft. Trade stocks on any device with the broker's MT4 or Templer FX platforms, each with customizable charting packages.

CFD Trading

Templer FX offers a modest suite of CFDs compared to other brands, covering shares, commodities, indices and cryptos. The good news is that you can start with as little as $1 and there are no commissions.

Crypto Trading

Traders can access popular cryptocurrencies, though the selection is not as wide as competitors. There is also the broker's Bitcoin account, where you can start with as little as 0.000001 BTC.

✓ Pros

  • ECN broker with competitive spreads from 0.1 pips, no commissions and fast execution
  • A range of promotions on offer, including a loyalty bonus and no-deposit bonus
  • Both trading platforms support Expert Advisors and custom indicators
  • Responsive customer support team based on tests
  • Decent range of fast and free deposit methods
  • Low minimum deposit of $1
  • Fast transaction times

✗ Cons

  • Offshore and unregulated
  • US, UK and EU clients not accepted
  • Narrow range of assets compared to other brokers
  • Unreasonable conditions for the 'segregated accounts' service
  • Below average selection of education resources
  • €50 fee for bank transfer withdrawals

With a focus on fast trade execution and high-quality customer service, Templer FX is an attractive choice for many traders around the world. Templer FX is principally a forex broker but also offers other assets with competitive spreads. This broker review explores the products offered by Templer FX, its mobile app, fees, plus deposit and withdrawal options.

Templer FX Headlines

Templer FX is a foreign exchange broker founded in 2004 and based in Kingstown, St. Vincent and the Grenadines. The owner of the company is Templer Holdings Management Limited. While Templer FX is a global broker that offers its services to residents of countries such as Uganda, Brazil and Kenya, the brokerage is not available for use in the US, UK or the EU.

The brand is an Electronic Communication Network (ECN) counterparty to clients trading the forex market. Being an ECN broker rather than a market maker means that the brokerage can offer lower spreads and faster trade execution, as it directly matches buyers with sellers. It is worth noting that being a counterparty means it can still take the opposite position in the market.

Importantly, Templer FX has a large number of major liquidity providers to ensure faster trade execution and more competitive spreads. Keep in mind that during periods of high volatility, there can still be differences between the quotes and the prices at which the orders are executed.

Trading Platforms

In addition to the market-leading MetaTrader 4 (MT4), the firm also has its own trading platform named Templer FX Trader. This terminal allows for effective technical analysis to be undertaken using indicators such as Bollinger Bands and the Money Flow Index (MFI).

At other brokers, traders can usually download MT4 for PC/Windows. However, the Templer FX website only advertises integration with the Android and iOS versions of MT4. MT5 is not available with Templer FX.

Below are some of the key features of each trading platform.

MetaTrader 4

Templer forex login
MetaTrader 4

Templer FX Trader

Templer FX Trader questions
Templer FX Trader


Although the bulk of Templer FX’s platform is focused on the forex market, traders can also explore other markets:

With CFDs, traders do not own the underlying equity. Instead, they simply speculate on the movement in price. Unfortunately, ETFs are not available with Templer FX, so traders should look at cash indices when seeking greater diversification.

Spreads & Commission

Templer FX is competitive when it comes to spreads. Spreads can be as low as 0.1 pips, although most traders should expect 0.5 pips for the EUR/USD pair. Low spreads make it easier for traders to profit from fluctuating exchange rates. Spreads for the GBP/USD pair begin from 0.8 pips. For spot indices, spreads typically start from 1 point.

The brokerage does not charge commissions, apart from with the Muslim FX account. The combination of low spreads and zero commission on most accounts means that Templer FX is good value for most traders.


Being an offshore broker, Templer FX operates under loose regulation. Despite many brokers in Europe and elsewhere only being able to offer a maximum leverage of 1:30, the brand has a maximum leverage of 1:2000. This means some traders will be able to open positions with exposure 2000 times greater than their actual investment. But although this can magnify profits, it can also lead to large-scale losses.

Note that while 1:2000 is the maximum leverage, certain markets such as crypto will only have leverage of 1:10 on all account types. The leverage available to traders on Templer FX also decreases the more capital that you have in your account. For example, those that have more than $100,000 in their account only get a maximum leverage of 1:100.

Mobile App

Templer FX uses MT4 as one of its trading platforms. MT4 has an app available for download on both iOS and Android (APK) mobile/tablet devices. This means traders can open, monitor and close forex and CFD positions on the go. The company has also made MT4 available for Blackberry users.

How to withdraw money from TemplerFX
Mobile app

Payment Methods

Deposits and withdrawals can be made once you log in to the TemplerFX Members Area. Once you have made a deposit, you can begin trading forex and other assets.


Accepted deposit methods include:

All deposits on Templer FX are processed instantly, except for wire transfers which take one hour. Although Visa deposits are free, some other deposit options come with a fee of 1% or 1.5%. Traders can also expect a fee with wire transfers. The minimum deposit amount varies, but for Visa deposits it is just $1.


Traders may find that the minimum withdrawal amount is greater than the minimum deposit amount for the same payment method. For example, Visa withdrawals have a minimum withdrawal of $15. Withdrawal fees are also generally higher than deposit fees, with Visa withdrawals attracting a fee of 2% + $5.

Although some withdrawals made using payment providers such as Skrill or Perfect Money are processed instantly, others such as Visa and wire transfers can take 1-5 business days.

Demo Account

Templer FX offers a demo account to enable its customers to try out the broker’s services. Demo accounts are perfect for traders wishing to practise on a new trading platform without risking their own money. In addition, traders can download Templer’s FX Trader to use with the demo account, which makes for a more realistic investment experience.

Deals & Promotions

Since Templer FX is an offshore broker not subject to the same restrictions when it comes to promotions as many European brokers are, they offer a wide range of bonuses.

In the Loyalty Program, any deposits made after the initial deposit receive a 1% loyalty bonus for each trading year with the firm (up to 10% or 11.5% for bank transfers). Therefore the more deposits you make and the longer you are a customer, the more money you will receive.

In addition, there are various other bonus promotions where traders can receive up to 100% of their deposit amount. New customers are eligible for a no deposit welcome bonus of $30. Note that whether you’re investing in forex or another market, your trading volume must exceed 5 lots before you can withdraw the bonus or any profits.


Templer FX is not strictly regulated and therefore less secure than other brokers. They are an offshore brokerage registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines. Offshore brokers usually come with additional risk for traders as they are not as stringently monitored.

Traders are also generally less protected should the company go bankrupt, or should the firm choose not to allow a withdrawal of funds to your bank account. Traders should be aware of these additional risks when comparing Templer FX with a broker regulated by the Financial Conduct Authority (FCA), for example.

Additional Features

Although there is an Education section on the Templer FX website, much of it is a glossary defining relevant trading terms. This is still useful for traders that frequently get confused by investing jargon.

Templer FX has also made a free pdf document/ebook available on their website that provides a full introduction to forex trading. They also provide a variety of online handbooks for free, such as “Finding The Right Hedge Fund.”

When it comes to trading features, Templer FX offers several types of advanced market orders to help clients manage risk and make more successful trades. These include a Buy Limit order where the position is opened at a specified price point, and a Sell Stop order.

Account Types

The main differences between the account types are in relation to the initial deposits and spreads offered.

Universal FX


Cent FX


Muslim FX

Segregated Account

Trading Hours

Trading hours vary depending on the market you trade. For example, the Gold/US Dollar market is open Monday-Friday 01:00-00:00 (EET). Although Templer FX has not confirmed its forex hours, the forex market in general is open 24 hours a day from Sunday evening until Friday night.

Customer Support

Templer FX’s customer support team is present 24/5 (Sunday 11pm GMT to Friday 9pm GMT.) In addition to live chat, there is also:

The customer service team is responsive. In a recent test scenario, a real-time query was responded to within 8 minutes.


Client funds are stored in segregated accounts, which means that the deposits of each customer are kept separate from the funds of the company. If Templer FX were to go bankrupt, client funds would be protected, although only to a certain extent.

When customers sign up and register with Templer FX, they will be required to provide proof of identity and residence. This practice is known as “Know Your Customer (KYC)” and it is common across many brokers.

Templer FX Verdict

Templer FX has low spreads and zero commission on most account types, making it popular with traders looking to keep costs to a minimum. However, being an offshore broker not regulated by the likes of ESMA or the FCA comes with additional security risks for traders.


Is Templer FX Regulated?

Yes – Templer FX is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, this regulator does not impose as stringent requirements on brokers as other regulators such as CySEC or the FCA.

Is Templer FX Safe And Legit?

Templer FX has existed since 2004, which means that it has a relatively long history for an online broker. It has also put precautions such as segregated accounts in place to protect client funds. However, being an offshore broker does mean less protection for traders.

Does Templer FX Have Cryptocurrencies?

Yes – Templer FX offers cryptocurrency trading pegged to the USD, for major cryptos such as BTC and ETH. As of 2022, it does not offer smaller cryptocurrencies such as Ripple (XRP).

How Do You Withdraw Money From Templer FX?

Traders wishing to make a withdrawal on TemplerFX need to navigate to “Finance-Withdrawals” in the dashboard menu, select live account login, and then enter the sum to withdraw and the method of withdrawal.

Where Can I Learn More About Forex Trading And Strategies?

Those wanting to explore sources external to Templer FX could start with websites such as Yahoo Finance or the Wall Street Journal. Online forums such as Reddit can provide a useful place for discussion. Certain YouTube channels are also a good way to learn new strategies. Some websites such as GitHub share various trading bots, built using a programming language such as Java, that can implement strategies automatically. Finally, see our comprehensive guide to forex trading in 2024 here.

Top 3 Alternatives to Templer FX

Compare Templer FX with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  2. BlackBull Markets – BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker’s ECN accounts.

  3. Swissquote – Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

Templer FX Comparison Table

Compare Templer FX With Similar Brokers
Templer FX AvaTrade BlackBull Markets Swissquote
Rating 2 4.9 3.7 4
Markets Forex, CFDs, indices, shares, metals, energies, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account Yes Yes Yes Yes
Minimum Deposit $1 $0 $1000
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus $30 No Deposit Welcome Bonus
Education No Yes Yes No
Platforms MT4 WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist MT4, MT5, AutoChartist, TradingCentral
Leverage 1:2000 1:30 (Retail) 1:400 (Pro) 1:500 1:30
Payment Methods 8 13 10 5
Visit Visit Visit Visit Visit
Review AvaTrade
BlackBull Markets

Compare Trading Instruments

Compare the markets and instruments offered by Templer FX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Templer FX Trading Instruments
Templer FX AvaTrade BlackBull Markets Swissquote
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No Yes Yes No
Crypto Yes Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes No Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No No No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Templer FX vs Other Brokers

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Templer FX is an unregulated, offshore forex and CFD broker founded in 2004. The brokerage offers a small range of assets on the MetaTrader 4 or proprietary platform, with high leverage up to 1:2000 and micro-lot trading. As an ECN broker, the brand aims to provide ultra-low trading costs and fast execution, making it an attractive choice for active traders.