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TempleFX Broker – An exclusive Review by Forexing24.com

templefx review

TempleFX Review: “New doesn’t always mean amateur” which is proved by TempleFX Broker (Previously known as TempletonFX Broker). Since their formation in February, 2016, they have earned significant amount of traders by providing superior trading services. TempleFX is a trading name of Templeton Securities Limited who is Authorized and Regulated by the Financial Conduct Authority in the UK. The group has been working as traditional stock brokerage veteran since 2006. With a vision to expand their expertise in forex and CFD trading, they have come forward to form TempleFX Broker.

temple-fx-logoTempleFX Broker at a glance:

Name: TempleFX Broker
Headquarter: London,United Kingdom
Founded in: 2016
Regulating Authority: FCA (UK)
US Clients Accepted:
Customer Care: +44 (0)207 448 9800
Support E-Mail: admin@templefx.com
Website: www.templefx.com

TempleFX Broker

TempleFX Broker Overview

TempleFX Broker is a new but one of the very promising broker in financial markets. As a global and fully licensed STP broker, TempleFX offers unique trading conditions designed to meet all expectations of both institutional and retail traders. From their headquarters in London, Templeton FX has created a secure trading network consisting of high end trading technology and excellent client service. All these features have enabled TempleFX to be a secure, transparent and reliable broker. Their ultimate aim is to offer a platform to access all major markets from CFDs, Futures, Indices, Forex as well as algorithmic trading offerings.

TempleFX Trading Platform

When trading with TempleFX, you will be offered their web-based AlphaPro and the renown Metatrader 4 (MT4). They have parted with the traditional MT4-only model for startup brokerages. The multi-asset solution via the AlphaPro trading platform offers global equities and indices, commodities, fixed income and exchange traded funds (ETFs).

Templetonfx Broker mt4
MT4 Trader Platform

MetaTrader is the most popular front-end application in the industry. The TempleFX MT4 trading platform along with its introduced liquidity provider ACM Group PLC (Alpha) enhances a user-friendly front-end trading interface, Tier 1 inter-bank liquidity and fast execution.

Templetonfx Broker alpha

TempleFX Trader

The TempleFX Trader web based platform combines the ability to enter into all types of markets and as well as providing the basic features offered within standard trading environments. TempleFX Trader offers real time execution amongst an extensive offering of asset classes. A platform designed for the trader that enjoys investing within a diverse range of markets on one easy to use account/platform.

Templetonfx mam

Multi Account Manager (MAM)

This is an account type with multiple benefits. To open a MAM account, you may require the following things:

  • Licensed fund & money managers
  • All sub accounts must submit a Power Of Attorney authorizing the master account to trade on their behalf.
  • Both master & sub accounts must be verified
  • All sub accounts must have a minimum balance of £1,000 at the time of authorization.

Templetonfx mobile platform

Smart phone MT4 & Smart phone TempleFX Trader Apps

With technology constantly moving forward TempleFX are dedicated to ensuring all our traders have the latest tools to analyse their positions on the go enabling timely trades without having to be fixed to a computer screen.

Trading Products of TempleFX

There are different types of financial market trading products available in TempleFX broker. It has an extensive offering of multi asset investments for you to choose from. Thus, you are going to get a wide range of trading opportunities at your fingertips.

Trading Products of TempletonFX

TempleFX Broker Accounts Options

Clients of TempleFX can sign up for one of 3 basic account types, all of which offer floating spreads with market execution and leverage up to 1:400. Variable accounts offer micro lots for trade and are commission-free, while ECN ones provide spreads as low as zero, but involve a commission fee.

TempleFX Broker Account Comparison:

Account Conditions Basic AccountAdvanced AccountECN Account
Base Currency OptionsGBP, USD, EURGBP, USD, EURGBP, USD, EUR
Max Leverage1:400*1:400*1:400*
Target Spread on EUR/USDFrom 1.6From 1.1From 0
CommissionNoNoYes
Min Trade Size0.010.010.01
Hedging allowedYesYesYes
Scalping AllowedYesYesYes
Minimum Deposit£50, $50, €50£500 , $500 , €500£2000, $2000, €2000
Personal Account ManagerYesYesYes
Islamic Account – Swap FreeOptionalOptionalOptional

Beside these core account types, there are 2 more account opening options we can find in TempleFX Broker. They are:

ALGORITHM TRADER

Algorithm trader account is a type of advanced trading account. This type of account facilitates transaction decision making in the financial markets using advanced mathematical tools.

Minimum Deposit – £5,000

Maximum Drawdown – 20%

CORPORATE ACCOUNT

If you are looking for an Advanced ECN account for bulk trading and trade with complete confidence, you can choose their corporate account.

Minimum Deposit – $10,000

Maximum Leverage – 1:400

Trading Conditions of TempleFX Broker

Average spreads & Commissions

TempleFX offers floating spreads, which vary by account category. The average ones on the Variable account amount to around 1.5 pips on EUR/USD and the spreads on the ECN account start from 0.1 pips, but involve a $8 commission per standard lot (round turn). So trading costs on ECN accounts are around 1.3 pips for the EUR/USD pair, and spreads within the range 1.0 – 1.5 pips for this currency pair are considered average for the the forex market.

Commission:YES (for only ECN Account)
Commission Fees:$4 per Lot
Spread type (Fixed,Variable):Variable
Spread on EURUSD on a Mini account:
Spread on EURUSD on Standard account:1.0 Minimum + 1.5 Average
Spread on EURUSD on ECN account:0.0 Minimum + 0.4 Average
Spread on EURUSD on VIP account:
Spread on EURUSD on VARIABLE:1.0 Minimum + 1.5 Average
Spread on EURUSD on Algorithmic Account:1.0 Minimum + 1.5 Average
Spread on EURUSD on Corporate Account:0.0 Minimum + 0.4 Average

Leverage

The maximum leverage rates at TempleFX are up to 1:400. Such leverage is considered high, although many other FCA-regulated brokers offer similar or higher leverage rates. Please, be advised that higher leverage ratios may multiply your earnings on a small deposit, but they may also lead to heavy losses, exceeding initial investments.

TempleFX Broker

Deposits and Withdrawals

While trading with TempleFX Broker, you get several options for depositing and withdrawal of fund in your account. These funding options includes: Bank-Wire Transfer, Visa, MasterCard, Skrill, Sofort and some others.

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TempleFX Broker Client Services

Algo Trading System

TempleFX Algo trading system is designed specifically to trade based on a set amount of rules, thus taking away any human emotion. This software allows you to trade forex even if you have limited trading experience.
When you choose to plug into the TempleFX algorithm your account will follow the exact trading patterns dependent upon your fund size, so in essence our success is also yours. Your funds are in your control, follow all the trades, profits & losses opened & closed by the TempleFX trading Algorithm. You can check the balance of your account at any time, see the daily trade activity, or withdraw or deposit funds when you please.

  • Account Management fee: 0
  • Performance fee on trading: 30% (based on high water mark calculations.)
  • Withdrawal procedure: profit can be withdrawn by the investor on a monthly basis, but only once our performance fees have been paid and high water mark levels calculated.
  • Maximum risk or draw down of funds: 20%

Spread Betting Option

Spread betting is a way of investing in particular markets such as forex, shares and indices. Spread betting is a leveraged product which means you only have to invest a small deposit for a much larger market exposure. Leverage can make your investment capital go further but you can also lose more than your initial deposit. Spread betting could be ideal for active traders looking for tax free profits and diversifying your portfolio.

Customer Support of TempleFX

In case of customer support, TempleFX is not lagging behind from other Forex brokers. They have live chat option in their website where you can chat with a customer manager almost anytime 24/7. Meanwhile you can contact them via Phone or Email. You can call them at +44 (0) 207 448 9800 or contact via Email at admin@templefx.com.

Partnership with TempleFX Broker

TempleFX believe that building a solid foundation is required to establish a strong business relationship. To start a partnership with TempleFX, you have to become their Introducer. Assuring introducing partner have access to all referrals performances is key to TempleFX success. All IB’s involved with templefx will have their own login ID numbers and get an access to a complete breakdown of all there clients and the volumes traded which ultimately lead to the IB earning.

TempleFX offer a revenue sharing opportunities on all introduced business via its IBs. So, you should keep on referring to keep on earning. TempleFX also offer up to 2 Sub IB percentage payments. All introducing partners will have their own dedicated account manager who will endeavor to cater for all your business needs in order for you to concentrate on introducing more clients.

How to become a TempleFX IB?

Becoming a TempleFX introducing partner is simple. Fill in the Partnership Registration form providing your personal details and the managers of the broker will then contact you directly and discuss on your partnership with TempleFX.

Summery of Features: TempleFX Broker

Advantage

  • Choice Of Trading Platforms To Suit Your Trading Needs
  • Trade With The World Renowned MT4 Trading Platform
  • Multi Asset Trading With AlphaPro
  • Rapid Execution With Tier 1 Bank Liquidity
  • Raw Spreads From ZERO (ECN Accounts)
  • MAM for MT4
  • Algorithm Trading
  • 24/5 Client & Trading Service
  • FCA Regulated & UK Based Broker
  • 2 tier sub IB system

Disadvantages

  • No details information on using Deposit & Withdraw methods

TempleFX Review : Recommendations

As TempleFX Broker is relatively new in Forex market, they have plenty of works to do to establish themselves in Forex and CFD business. Especially, they have to think deeply about their customer care service. Now-a-days, many traders prefer a broker with better customer service to broker with better trading condition.

Nevertheless, they are dedicated to providing a professional and personalized service who are committed to exceeding the high expectations of clients whilst enhancing their reputation across the financial service industry. They pride themselves on their network of clients and they emphasize on developing long-term relationships based on transparency, trust and integrity. That’s why they are place in our recommended broker list.

We hope this TempleFX Review was helpful for you. Thank you for your time.

Visit TempleFx Forex Broker Website

TempleFX Review
  • Customer Support
  • Deposit and Withdrawal
  • Platform Performance
  • Regulation
  • Overall Customer Experience

TempleFX Review

Post your Experience with TempleFX Forex Broker.

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User Rating: 4.3 (4 votes)
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About the author

Syed Nazim

Syed Nazim is the Marketing Manager of RedMaroon, a Digital Marketing Agency for Financial Institutions. He is also involved with Forexing24.com as a writer and financial Analyst. He is a brilliant marketing geek with vast experience in every sector of Digital Marketing. He likes sharing strategies, tactics and proven methods to help you build a business and live the life of your dreams.

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