Templer FX Review
Reason to avoid: No License
Listed Date: October 31, 2018
Top 3 Regulated Forex Brokers
Beware Templer FX is an Offshore Licensed Broker. It is NOT SAFE to trade.
- Company name:
Templer Holdings Management Limited. Templer FX
- Registration Address/ License:
St. Vincent and the Grenadines. Offshore License, No Regulation.
Templer FX is a trademark of St. Vincent and the Grenadines financial investment firm, which is also authorized by the local agency FSA, the Financial Service Provider Commission with license number 23395. The broker offers a variety of trading opportunities including speculation on Forex, CFD, Indices and Metals through an industry leader MetaTrader4.
However, SVG authorization is considered as an offshore license that is not also recommended for any trader to be trusted and invest with. The reason for that is the set of rules and establish requirements that are implemented by the SVG FSA are very far from the international strictest standards that truly protecting clients. In addition, the authority does not actually oversee the firm’s operation, therefore the states about regulated nature, integrity and transparency as fundamentals, as stated, are very far from the reality. Besides, the company states their payment service provider a firm locating in Scotland, Mayside Solutions LP, which is rather confusing than a positive fact.
Moreover, the company mentions numerously their international standardization and successful operation through the years since their start in 2004. It is a quite long operation history, yet there are not so many online reviews from the traders, which is definitely a negative aspect, as it is simply impossible to operate for so long and remain with just several mainly negative reviews. Even though, the only few available responds from the real traders show that the company delivers trading conditions with cases of manipulation, issues with withdrawals and aggressive tactics.
Actually, this is a quite typical behavior of a non-regulated company that delivers service with no priority on a customer satisfaction and good. The investment, in general, is a risky business, that requires a company with a legitimate follow of standards and applicable protecting rules designed to the customer. Therefore, we advise choosing among the Regulated Forex Brokers.