LeapRate Exclusive… LeapRate has learned that FCA regulated stock broking house Templeton Securities is launching its own branded retail forex outfit, called appropriately TempletonFX. The TempletonFX website just went live last week.
LeapRate spoke today with TempletonFX co-founder and Director Mike Andrews on the decision to launch a retail forex brokerage, and how TempletonFX plans to differentiate itself in what is becoming an ever crowded UK online trading market.
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LR: Hi Mike. Since you’re likely new to many in our audience, please let us know a little more about yourself, and what you’ve done leading up to the creation of TempletonFX.
Mike Andrews, TempletonFX
Mike: Sure. I have over 15 years experience within the financial industry, having worked at Saxo Bank (investment banking) for 6 years and as a propriety trader for SmartlineGlobal (Dubai) for 8 years, managing over USD $25 million. I’ve also assisted a number of startup brokerages as chief consultant, including FxNet, JFX and FxPro respectively.
LR: Can you please let us know a little more about Templeton Securities, and the decision to launch a retail forex brokerage.
Mike: Templeton has been a traditional stock broking house since 2006. We decided to launch a retail forex brokerage due the ever increasing demands of our existing clients but also to further make use of our FCA license.
LR: The FCA regulated online trading market seems to be a very lucrative one, but getting increasingly crowded. How will you go about differentiating Templeton FX?
Mike: As a trader myself, but also having worked on both sides as a trader but also as a FX solutions provider, I know exactly what a trader wants and needs from their brokerage partner, and that is 4 very simple things: Rapid Execution on their trades, tight spreads, choice of products to invest and trade in and an excellent service of their account.
That’s why we are a true STP/ECN broker with no gimmicks like trading bonuses or offering higher leverage and so on. TempletonFX offers and provides our clients a choice of two trading platforms, being MT4 which is probably the world’s most renowned retail trading platform and AlphaPro for multi asset trading products such as CFDs, Equities, Futures and Bonds.
The TempletonFX experience is to focus on our traders performance and above all else ensure that their Trading is made as simple as possible.
LR: How did you go about building your management team at Templeton FX. Who have been your key hires?
Mike: Over the years I have met some people with great attributes in the industry of Financial trading and luckily enough for me I have managed to hire some key personnel of whom I believe will get TempletonFX to where we want it to be, but also where we believe we should be and that’s to be the best ALL around FX trading platform provider.
LR: Will you be solely UK focused, or are you looking at pouring marketing resources into other specific regions?
Mike: For the time being our presence and focus will be based here in the UK, as we feel strongly that the financial capital of the world has a lot more to offer and we are doing just that. We will of course enable our IBs in other countries allowing them to build our brand on our behalf as appointed representatives of TempletonFX.