TemplerFx Review for Tanzanian Traders
Details on this page have not yet been independently verified by our editors.
SaveQuick facts
- Regulators
- Not yet verified
- Minimum deposit
- 1 USD (Cent FX account)
- Platforms
- MetaTrader 4, Broker web/mobile app
- Demo account
- Yes
- Mobile app
- Yes
- Account currencies
- USD
- Founded
- 2004
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Details on this page have not yet been independently verified by our editors.
Regulation
Regulatory details have not yet been verified by our editors.
Always confirm a licence on the regulator's own website before depositing money, and check which entity your account will be opened with.
Trading platforms
-
MetaTrader 4
Templer FX MetaTrader 4
-
Broker web/mobile app
Templer FX WebTrader
Account types and minimum deposit
| Account | Min. deposit | Spread | Commission | Max. leverage |
|---|---|---|---|---|
| Cent FX | 1 USD | From 0.1 | None | - |
| Universal FX | 25 USD | From 0.1 | None | - |
| Muslim FX | 25 USD | From 1.0 | 5 USD per lot | - |
| MAM | 1,000 USD | From 0.1 | None | - |
Leverage: Up to 1:2000; reduced to 1:100 around major news and over weekends (source: templerfx.com). High leverage greatly increases risk.
Spreads and fees
- Spreads
- From 0.1 points on majors on Universal FX and Cent FX; from 1.0 on Muslim FX (source: templerfx.com).
- Commissions
- No transaction fee on Universal FX and Cent FX; 5 USD per lot on Muslim FX (source: templerfx.com).
Spreads vary with market conditions. Overnight (swap) fees may apply to positions held past the daily rollover.
Deposits and withdrawals from Tanzania
Instant TZS and KES deposits from 1 USD with no fee (source: templerfx.com).
| Method | Deposit | Withdrawal | Fees | Time |
|---|---|---|---|---|
| Peer-to-peer (P2P) Local | Yes✓ | Yes✓ | - | - |
| Mobile money (TZS) Local | Yes✓ | Yes✓ | Deposit free; withdrawal 1% | Instant |
| Cryptocurrency (e.g. USDT) | Yes✓ | Yes✓ | - | - |
| International bank wire | Yes✓ | Yes✓ | - | - |
TZS and KES withdrawals are instant, up to 500 USD per transaction, with a 1% fee (minimum 0.5 USD) (source: templerfx.com).
Mobile trading and demo account
- Mobile trading
- Yes
- Free demo account
- Yes
New to trading? Practise on a demo account first. Our lesson on opening a demo account explains how.
Strengths and important considerations
Strengths
- Local payment methods for African traders
- Responsive customer support
- Simple, transparent account structure
Alternative brokers
Compare TemplerFx with these brokers
Official website
Before opening an account, read the broker's client agreement, check the regulator's register and practise on a demo account.