ANSWER TemplerFX is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.TemplerFX claims to be operated by Templer Holdings Management Limited, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 23395. While it is true that matching records exist on the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated it neither issues any licenses for forex trading or brokerage, nor does it regulate companies engaging in such activities. As such, TemplerFX remains unsupervised by the relevant regulatory body.Regarding your question, we strongly suggest you exercise extreme caution and avoid TemplerFX. It is an unregulated broker that comes with significant risks, such as financial losses and identity theft. Therefore, investors are encouraged to stay away from unregulated brokers like TemplerFX and instead choose a fully regulated one to mitigate such risks.
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