Templer FX vs SimpleFX

Templer FX vs SimpleFX Comparison Table 2023
Templer FX Review 2023	SimpleFX Review 2023
Review 2	Review 4.2
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
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.	SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.
Bonus Offer
$30 No Deposit Welcome Bonus
Comment by Reviewer
"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."	"SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals."
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	API & VPS support SimpleFX crypto coin Fast customer service Beginner-friendly platform Multi-currency single account Lightning fast Bitcoin payments Community forum to share trading ideas Crypto staking solution with no starting deposit
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	Weak regulatory oversight No MetaTrader 5 integration Limited non-crypto funding methods
Awards
	The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw Best Mobile App 2020 - Rankia Awards The Best Trading Platform, Finance World Expo 2019 - Zug Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Instruments
Forex, CFDs, indices, shares, metals, energies, cryptocurrencies	Forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$1	$0
Trading Platforms
MT4	MT4
Payment Methods
Bitcoin Payments FasaPay M-Pesa Mastercard Perfect Money Skrill Visa Wire Transfer	Bitcoin Payments Credit Card Ethereum Payments FasaPay Neteller Skrill
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSA
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
Yes	No
DMA Account
No	Yes
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android, Blackberry	iOS, Android + Web Trader
Auto Trading
Yes	Yes
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	3%
Islamic Account
Yes	No
Account Currencies
USD EUR	USD EUR GBP
Stock Exchanges
Australian Securities Exchange FTSE UK Index Japan Exchange Group	Australian Securities Exchange CAC 40 Index France Dow Jones Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Gold Oil Silver	Gold Natural Gas Silver
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.	Go long or short on over 170 CFDs with high leverage up to 1:500. The broker's social community is also a great place to pick up CFD strategy tips and trading ideas.
Leverage
1:2000	1:500
FTSE Spread
1.0	1.3
GBPUSD Spread
0.8	1.2
Oil Spread
2.0	0.03
Stocks Spread
Variable	Variable
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.	SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels.
GBPUSD Spread
0.8	1.2
EURUSD Spread
0.5	0.9
EURGBP Spread
1.1	0.9
Assets
32	60
Cryptocurrency
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.	SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading.
Spread
Floating	From 0.0001
Coins
BTC LTC ETH	BTC BHC LTC ETH ETC XRP LNK WAV XTZ YFI ADA DOT EOS NEO BNB XMR
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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