Templer FX Review – Is it worth your time?

While starting trading Forex, people are often very confused in the beginning. This is something very natural and common. Forex Trading is not only looking at the very fascinating charts and putting everything on odds. This is far away from being that simple. Forex Trading is the whole philosophy and we would advise you to learn at least something regarding Forex before you decide to dedicate to Fprex trading your time and money.

Once you decide to try yourself in this industry, the first thing you have to do is to read all possible information regarding the general trading strategies, general facts, tools, and many more. Once you have done so, the next step you should make is finding the best partner for your journey. By saying this, we mean that the Brokers will be the ones guiding you through a very difficult journey and they will be the ones providing you with experience and money.

It is essential to find a proper broker and it is essential to find the best match for yourself. Forex Trading has become extremely popular throughout the past time. Forex industry keeps evolving and thus, many people decide to try themselves in it. With this, many new brokers show up in the market. The competition becomes higher and higher. The brokers need to set their standards and be the best out of the best in order to have the clients. This is a very difficult thing to do, as there are hundreds of brokers available in the market and at first sight, they all look very attractive.

We will try to give you good advice and thus, review specific brokers in order to make the choice slightly more reasonable and easier for you. In this article, we will review the Templer FX Broker. One of the most popular brokers in the market. So, if you have the question is it worth working with this broker or not, by the end of the article you should no longer have this question.

Templer FX General Review

As mentioned above, the Templer FX broker is one of the most popular brokers in the market. It is no surprise that the broker occupies good positions. The broker began operation back in 2005, and since then has been working with clients and on the improvement of the product. While overall, the broker is definitely not a scam and definitely not the worst case of the industry, if I was in your place, I would double think my decision of working with them.

Once you enter the webpage, it seems to be very simple, with all the most important information on the home page. It is indeed very simple and laconic. There are no extra colors that would disturb your eyes. On the opposite, it looks elegant. Though the first problem begins even when you try to reload the page for the first time. You will see the first big bug. Once you reload the page or switch to any other page, you will first see the HTML like the structure of the page, which will transform into the ordinary page only after a few seconds. This should be saying that the broker has definitely some trouble with the technical side of the website. If I am up to depositing money and trading, I would want the website to be almost perfect and especially without any technical issues.

The next thing that you will notice is that the broker offers you the Demo Account, which is overall very good practice. Though, this is it. You are less likely to find out any further information regarding the Demo Account. At least not from the home page and not from the bottom part. While this is one of the most important information, the broker does not really bother to deliver the information to the customer the most optimal way.

One thing that should also be mentioned that while working with Templer FX the leverage can be as high as 1:2000, which is indeed a very nice number and does not matter if I like the broker or not, good things should also be told. Another good part is that there is the menu tab on the top of the page. From there you can switch to any page, this can be the education section, about the broker section, the platforms, and many more. The support button, with the message icon, is also at the bottom right corner of the page. The broker is definitely licensed and the information regarding the license is both at the bottom of the pad, as well as in the About section. You can double-check the information, but we assure you that this information is valid.

Leverage and Margins

The first thing after you check the license of the broker is the leverage and the spreads. This is something the most important and valid information for you. The leverage as already mentioned is definitely impressive, which can be from 1:1 to 1:2000.

You can use any amount of leverage, ranging from 1:1 to 1:2000 when trading on the forex market through TemplerFX. Commodities are traded with 1:100 leverage on all account types. CFDs are traded with 1:20 leverage on all account types. Cryptos are traded with 1:10 leverage on all account types.

A client can change leverage on a trading account himself (in Personal area) not oftener than once in 24 hours. In order to ensure the security of trading operations executed on a client’s trading account, leverage cannot be changed in case the margin level is below 350%. When Balance on the client’s account exceeds the maximum allowed amount for current leverage value, leverage will be changed automatically.

Account Types

While glancing through the TemplerFX trading platform, leverage, and margins, the next thing which will interest you is the account types. It is essential that you find the most appropriate account for you. Many different brokers offer clients good choices from the account types. This is essential to give the client choice, as it is completely up to them to choose the most suitable and valid one. As for TemplerFX, there are also several possible options. Before listing them down below, let me tell you, that some of them make very little sense indeed.

Ther is the Universal FX account for 25$. There is the Cent FX for only 1$. Muslim FX, for 25$, and two of the most expensive and supposedly good accounts are the Segregated Account, 50,000 Euros, and MAM $1000.

UNIVERSAL FX $25

• Deposit currency: USD
• Initial deposit: $25
• Spreads*: 0,10
• Transaction fee: 0
• Minimum contract size: 0.01
• Maximum contract size: 50
• Maximum opened orders: 100
• Leverage: 1:1-1:2000
• Hedged margin***: 50%
• Margin Call****: 80%
• Stop Out*****: 30%.
• Expert Advisors: on

CENT FX $1

• Deposit currency: USD
• Initial deposit: $1
• Spreads*: 0,10
• Transaction fee: 0
• Minimum contract size: 0.01
• Maximum contract size: 50
• Maximum opened orders: 100
• Leverage: 1:1-1:2000
• Hedged margin***: 50%
• Margin Call****: 80%
• Stop Out*****: 30%
• Expert Advisors: on

MAM $1’000

• Deposit currency: USD
• Initial deposit: $1’000
• Spreads*: 0,10
• Transaction fee: 0
• Minimum contract size: 0.01
• Maximum contract size: 50
• Maximum opened orders: 100
• Leverage: 1:1-1:2000
• Hedged margin***: 50%
• Margin Call****: 80%
• Stop Out*****: 30%
• Expert Advisors: on

MUSLIM FX $25

• Deposit currency: USD
• Initial deposit: $25
• Spreads*: 1,0
• Transaction fee: 0
• Minimum contract size: 0.01
• Maximum contract size: 50
• Maximum opened orders: 100
• Leverage: 1:1-1:2000
• Hedged margin***: 50%
• Margin Call****: 80%
• Stop Out*****: 30%
• Expert Advisors: on

SEGREGATED ACCOUNT €50’000

• Deposit currency: EUR
• Initial deposit: €50’000
• Spreads*: 0,10
• Transaction fee: 0
• Minimum contract size: 0.01
• Maximum contract size: 50
• Maximum opened orders: 100
• Leverage: 1:1-1:2000
• Hedged margin***: 50%
• Margin Call****: 80%
• Stop Out*****: 30%
• Expert Advisors: on

This is the most vivid example of how the broker should not be distributing the accounts and the information regarding the accounts. As already mentioned the information regarding the account and the types is a bit blurry. At first sight, there is no major difference between the account of $25 and $1. This simply does not make sense at some point and might be very distracting for the costumers as well. First of all, this is not comprehensive, the specific page regarding the account types should give a clear example and information regarding the accounts. This involves the price and the main advantages of the accounts. Here at this point, we do not have any advantages of any specific account, as most of them offer the same services and the same products to the costumers.

The only difference is with the Segregated account. Though, in order to find out information regarding this type of account, you should specifically open up another section regarding this account. There you will find out that this account is for the TemplerFX traders who want to avoid any force-Majeure situations and thus keep their funds in the safe heaven forever. This is the whole purpose of the Segregated Account. While paying more, you get the guarantee that your funds will be safe, but otherwise, it does make a little sense if you pay $1 or $1000, that you will get much of the difference in the end.

We lack one of the most important parts here. Demo ACcount is one of the most important account types for the brokers as well as for the clients. This is the perfect opportunity for beginners to start their journey with the brokers and learn a lot about Forex Trading. This is the experience they can get before starting spending their own money. While we know for sure that the Demo Account type exists it is not listed in this section and there is no description of the Demo Account either.

Promotions

In this section of the Templer FX bonus, you will find out the existing promotions and the offers by the broker. Usually, all good brokers who want to attract more costumers and have loyal clients, offer them a lot of bonuses and promotions. As you know Templer FX has been operating in the market for already 15 years, which is definitely a reason to think that the broker should a lot of loyal clients. Indeed there are some promotions for the loyalty clients as well as some of them are for the beginner.

The really good point is that the broker offers No Deposit Bonus of $30 for the first time traders. This is a great opportunity to start the journey, without spending your own money, but checking the process first and understanding if you really like trading Forex or not. With the $30 no deposit, you can get $30 for free, though the major difference with the Demo ACcount is that, in order to withdraw this money, you should first trade them the requested amount. Otherwise, you will not be able to withdraw the funds. You have around 30 days to trade and withdraw the funds. You can always withdraw only 70% of the initial bonus.

Another opportunity of the Templer FX offers is not only for beginners but for loyal clients as well. This means that anyone can get up to a 100% bonus deposit. This only happens is the deposit amount will be at least $100. In this case, the customer receives another $100 as a bonus. Though, there are special terms and conditions in order to be able to withdraw the whole fund. There are certain limits as well. The maximum bonus can be $10,000. This is much if looking at the amount as a particular amount, though if reviewing it as a traded one that this should not be much at all.

Deposit and Withdrawal

In this section, there are no major flows from the broker’s side. Good thing is that they accept almost every type of payment method, which is very good and makes a lot of people available for the opportunity. Though the most accepted currency is still USD, which means that some of the users will be required to convert their currency to USD and only then make the deposit.

For some methods of payment, there are limits. None of them are very surprising, on the opposite, they look very valid. From the withdrawal perspective, the costumers are tablets to withdraw the funds with every possible method. This can be done via e-wallets and transfers as well. Usually, it does not tea any time at all to withdraw the funds, though, with the e-wallets and transfers it might take a little bit longer. It is usually never more than an hour or so, but the process and the order regarding the withdrawal of funds can take up to a day as well. There are limits on the withdrawal as well. The maximum amount of money that can be cashed out is $50,000. This can be only with OK Pay. The maximum amount of deposit for Visa as well as for Skrill, two of the most popular payment methods is $10,000. This is not much, but this is not the end either.

Take into consideration, that in some cases there might be the fee as well. While trading with Templer FX it is highly unlikely that you will be charged with any fees, sometimes it can be from 1% to 1,5%. In some cases, fees are set by your bank. This happens with the Visa payment as well. Otherwise, the fee equals to reasonable 0 percent.

Education

It might look very nice and optimistic to see the complete section for the education on the home page of the broker. This is indeed a very good possibility for everyone to get acknowledged to some specifications. Especially this is a great opportunity for every newcomer. It is not possible to remember everything at once thus, it is very good to have something to look at at the moment of need.

Though, up until being too optimistic and too happy about the opportunity, let me tell you that you should not expect anything spectacular from this section. All that you will come across is the ordinary very common guide. “3 Steps to Becoming a Trader” is one of the pages in the education section. While starting working with a broker you expect something more valuable, some advice for the strategies or for a good start, but all you have is “Repeat after me part”. There is the page with expert advice though, which can be really interesting for everyone, this is more about a personal experience which is always catchy, though I doubt that there is any practical advice on this page as well. The third page is a glossary, which is perhaps one of the handiest things while trading Forex with a broker.

Support

While the website and the opportunities are very important, another incredibly important thing is the customer support and the team working for and with you. This is basically the soul of any company. The support team says it all and is the face of the company and organization you are working with. While there is the message icon at the right bottom of the page, it says that the support team is only available 24/5. This means that people who are trading and are in a very tense situation, might have something gone wrong, but still have to wait for 48 hours at least in order to receive the answer for their questions.

To be frank, this is one of the very few brokers who offer 24/5 support for the costumers. The customer support is one of the key functions and services of every company, and especially for brokers. This is the topic that should be taken very seriously and should express that the broker is ready to stand by the client at any time.

Unfortunately, this is quite a big mistake and misconception. This is especially unexpected as the broker has been operating in the market for already 15 years, and should be acknowledged with the clients and their demand. Thus, it is very strange to see that customer support is not always there for us, which is also seen in the Templer FX reviews.

Conclusion

TemplerFX legit broker is one of the most popular brokers in the market. The broker is very well known with the market and has adapted to the costumers and their demands. The broker offers several platforms for trading, including MT4, though we can not see MT5 anywhere around. The broker is adapted to basically every device, which means that you can trade with Android, Apple, Mac, or whatever you have.

While this is a good thing, the technical issues should be something to expect definitely. If the broker is not capable of betting the website done and sophisticated, you should not be very sure about the safety of your funds and the privacy of your information.

Overall, the broker is far from being the best in the market. The account types are very unclear and it is not very easy to navigate through the website in order to find additional information regarding the account types and advantages, moreover, the Templer Forex bonus is very far from being the exception and desired by the costumers. Thus, if you are still looking and are looking for the best opportunity for yourself, look at some different places for sure.