TempleFX Review
What's TempleFX?
TempleFX's London headquarters has established a secure trading network that includes high-end trading technology as well as excellent client service. This allows TempleFX to be a trustworthy, transparent, and reliable broker. TempleFX is an authorized broker that offers unparalleled trading conditions to both traders of different levels and institutional clients.
You can manage one or more accounts at once with the provided range of tradable market options. All trading styles and EAs can be used without limitations.
STP allows for fast execution of orders across its platform using quotes from Top-Tier Banks. This allows traders to trade over 60 FX pairs and Spot Metals and Commodities, CFDs and Major Indices. Algos, trading strategies and Spread Betting are all possible with the STP environment. Customer support is available 24/7 to assist customers with any trading questions.
Broker: TempleFX
Minimum deposit: 50 US$
Leverage: 1:500
Regulator: FCA
Year: 2005
Platforms: MT4
HQ: UK
TempleFX Licences:
TS Capital Limited - Authorized by FCA U registration number. 447281 - Not active
Overview
TempleFX Review – Discussing the Features and Attributes: TempleFX stepped in the world of the financial market in 2016 with its headquarter in the United Kingdom. The foreign currency exchanger is also working with an intent to provide high-end solutions to traders. It has an array of products for investors to bid and start trading. It has EAs to use with no compulsion of limitations.
Pros
FCA-regulated
STP/ECN execution
Choice of trading platforms, MT4 available
Tight ECN spreads
High leverage levels available
Advanced algo trading options
Cons
Relatively high spreads on Basic & Advanced accounts
High minimum initial deposit for ECN accounts
No live chat
Rating of the company overall
Reliability ⭐⭐⭐
Platform ⭐⭐⭐
Commissions ⭐⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐
RATING: 3.0
Is TempleFx a safe or scam
Below, you can read the complete TempleFX Review. TempleFX is a trading mark of TS Capital Limited. It is licensed and regulated in the UK by the Financial Conduct Authority. Respected regulation is one the most stringent worldwide authorities, which requires uncompromised compliance with the operational standards and delivery at the highest level of client protection.
If you are an eligible claimant according to the FCA rules, you could be entitled compensation from the Financial Services Compensation Scheme if we fail to meet our obligations. The rules of the Financial Services Compensation scheme will determine your entitlement to any amount. The maximum amount of compensation under this scheme is PS50,000.00.
Trading Platforms
TempleFX is a technology-based broker and the mainstay of the MetaTrader4 system. It offers powerful trading capabilities as well as its introduced liquidity provider, the MEX Group. It provided a user-friendly trading platform with quick execution and inter-bank liquidity.
This platform, which is multi-asset and can be accessed via the computer or the mobile app, is fully equipped to enable traders to invest in the financial markets using a wide range of unique tools and techniques to make smarter trades. Automatic trading is an additional feature. However, there are no restrictions on EAs and the trading terminal is a well-known one.
It will let traders with limited trading experience have an investment portfolio.
TempleFX Algo trades a variety of currencies. These currencies are monitored together with our built in Currency Strength Analyser and 15-25 EAs (expert advisors), all working in perfect coordination to create TempleFX's most innovative trading platform.
Additionally, only one platform offers multiple benefits to Money Managers with MAM offer. Sub-accounts must submit Power of Attorney authorizing master account to trade on their behalf. Sub-accounts must maintain a minimum balance of 1,000$ at the time they are authorized. Further, the manager has full control over all trades executed.
Account Types
Three options are available for trader to choose from when choosing an account offer. All accounts have leverage up to 1:1500 with a minimum trade size at 0.01, personal account management, and the ability to open a Demo account or Swap-free account for Islamic believers.
The Basic Account costs only 50$ to open. All trading products are available and all trading styles can be used. Tight spreads include trading costs such as EUR/USD. EUR/USD starting at 2.2 pip.
Advanced Account offers traders with greater expertise better trading costs. The trading minimum balance for advanced accounts is 500$, and the spread for EURUSD starts at 1.6 pip.
ECN Accounts are a professional option for clients who require raw spreads to suit their strategy. It is also a great feature for Algo trading. Spreads start at 0 pip with interbank quotes, and commissions have to be paid per lot at 7$.
Algorithm trading can be done via an Advanced account type. This allows for transaction decision making in financial markets by using advanced tools and specific offerings from the company.
Payment Methods
TempleFX can accept the following currencies: USD EUR and GBP. Traders can fund their TempleFX trading account with a Credit or Debit Card or a Bank Transfer. The following Credit or Debit Cards are accepted by the broker: Visa, MasterCard and Diners Club, American Express Maestro, American Express, Diners Club, Diners Club, Diners Club, American Express, Maestro, and JCB.
You can withdraw your funds at any moment. Alternatively, you can keep your initial deposit intact and withdraw the profits.
Conclusion
TempleFX Review is a review of a UK-based company that offers STP execution and technology-based trading environments. It is strictly regulated by FCA. The traders are able to invest knowing that the company complies with all rules and guidelines, as well as the protection of their client's funds.
A variety of account types allows investors of all sizes and strategies to join. The broker also offers specific features to traders who use Algorithmic, Mathematic, and Algos trading. The company will also provide all information and support to the client during every stage of trading. The TempleFX platform is an excellent choice for anyone looking to start trading or expand their experience.
TempleFX Updates
The official website is not accessible and there is no evidence to support the claim that TempleFX continues its operations. To ensure your safety, you should carefully consider any suggestion or opportunity offered by TempleFX.