Following our in-depth review and ranking process, here are the best forex brokers in Turkey;
Table of Contents
Best Forex Brokers in Turkey
- IG
- Capital.com
- Tickmill
- XM
- FXPro
IG
IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.
IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International) |
| Forex Pairs | 81 |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 (or currency equivalent) |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:200 |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
Pros
- Strong regulatory framework.
- Listed on the stock exchange.
- 45+ years of industry experience.
- 313,000+ clients worldwide.
- Deep liquidity.
- Negative balance protection.
- Volume-based rebates.
- Industry standard trading platforms available in web, mobile and desktop versions.
- Competitive spreads from 0.6 pips on major currency pairs.
- Fast and secure payment methods.
- No minimum deposit for bank transfer.
- Excellent eductional offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Great customer support service.
Cons
- Inactivity fee charged (after 2 years of inactivity).
- No support for copy trading and social trading.
- Avergae overnight fee.
- Limited product portfolio in some countries.
- No support for social trading and copy trading.
Capital.com
Capital.com is a cutting-edge & innovative global online broker offering forex trading and CFDs across a variety of asset classes including indices, commodities, shares, ETFs and cryptocurrencies, with over 6000+ instruments to trade.
Capital.com offers a well-rounded brokerage service with trading solutions suitable for retail and institutional clients. It also provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading etc. In addition, clients can enjoy an extensive list of great brokerage services including; deep liquidity, low trading fee, ultra-tight spreads with zero commissions, fast order execution, negative balance protection, industry-standard trading platforms, quality education offering and great customer support service, among others.
Capital.com Overview
| Broker | Capital.com |
|---|---|
| Regulation | ASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus) |
| Forex Pairs | 138 |
| Trading Platforms | Capital.com Web Platform, MetaTrader 4, TradingView |
| Minimum Deposit | $20 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, USD, EUR, PLN, AUD |
| Payment Methods | Bank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Low minimum deposit (from $20).
- Deep liquidity.
- Fast order execution.
- Negative balance protection.
- Industry-standard trading platforms.
- Transparent fee structure, with no hidden charges.
- Zero commissions.
- No deposit and withdrawal fees.
- Consistent ultra-tight spreads.
- Low overnight fee.
- Free quality trading education, including online courses, guides and webinars.
- Unlimited demo account duration.
- Great customer support service, available 24/7.
Cons
- MetaTrader 5 is not available.
Tickmill
Tickmill is a global leading forex and CFD provider established in 2015 by the Tickmill Group. It offers a variety of global markets including forex, stocks, indices, oil, precious metals, bonds and cryptocurrencies, with over 100+ instruments to trade.
Tickmill offers an excellent brokerage service, with trading solutions suitable for retail traders and institutional clients respectively. It offers different tailored account types with different account options, which traders can choose from to enjoy a trading experience that meets their trading needs. Other great trading services offered by the broker includes; ultra-low spreads from 0.0 pips, competitive commission rates, super-fast trade execution, support for all trading strategies, industry-standard trading platforms, multiple fast and secure payment methods, and a multilingual customer support service, among others.
Tickmill Overview
| Broker | Tickmill |
|---|---|
| Regulation | FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), LFSA (Malaysia), FSA (Seychelles), BaFin (Germany), CONSOB (Italy), ACPR (France), CNMV (Spain). |
| Forex Pairs | 64 |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, PLN |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA), Skrill, Neteller, SticPay FasaPay, UnionPay, NganLuong.vn Qiwi, WebMoney |
Pros
- Strong regulatory framework.
- Top tier liquidity.
- Client funds are segregated.
- Negative balance protection.
- Beginner friendly.
- Hassle-free account registration process.
- Offers a variety of asset classes.
- Over 64 currency pairs, including major, minor and exotic currency pairs.
- Multiple unique account types.
- High Leverage from 1:1 to 1:500.
- Supports all trading strategies (including hedging, scalping, algorithmic trading etc).
- Ultra-fast trade execution
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Transparent fee structure, with no hidden charges.
- No deposit and withdrawal fee.
- Competitive spreads and low commissions.
- Great educational and research offering.
- Dedicated multi-lingual customer support service.
Cons
- No proprietary trading platform.
- Limited range of instruments.
XM
Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.
XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.
XM Overview
| Broker | XM |
|---|---|
| Regulation | CySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden). |
| Forex Pairs | 55 Currency Pairs. |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $5 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:888 |
| Account Currencies | USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR |
| Payment Methods | Wire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Supports over 30 languages.
- Beginner friendly.
- Deep liquidity.
- Fast order execution
- Multiple tailored account types.
- Offers swap-free account.
- Ultra low spreads from 0.0 pips on the Zero account.
- Low minimum deposit.
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Supports all trading strategies.
- Support over 11 account base currencies.
- Multiple fast and secure deposit and withdrawal methods..
- Quality education & research offering.
- Great customer support service.
Cons
- No proprietary trading platform.
FXPro
FXPro is a global leading forex and CFD provider established and operated by FXPro Limited. FXPro offers a wide variety of global markets including forex, shares, indices, futures, metals and energies, with over 1800+ instruments to trade.
FXPro offers a well-rounded trading solution for beginner and professional retail clients and provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading, among others. Also, all traders can enjoy several substantial trading services offered by the broker, including deep liquidity, low trading cost, competitive spreads & commissions, multiple tailored account types, ultra-fast trade execution, multiple industry-standard trading platforms, fast & secure payment methods, great research & educational offering and a dedicated 24/7 customer support service, among others.
FXPro Overview
| Broker | FXPro |
|---|---|
| Regulation | FCA (United Kingdom), CySEC (Europe), SFCA (South Africa) and SCB (Bahamas) |
| Forex Pairs | 70 |
| Trading Platforms | FXPro Edge, MetaTrader4, MetaTrader5 and cTrader |
| Minimum Deposit | $100 |
| Demo Account | Available |
| Maximum Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR. |
| Payment Methods | Bank Transfer, Broker To Broker Transfer, Credit/ Debit Cards, Paypal, Skrill and Neteller. |
Pros
- Strong regulatory framework.
- Official partner of the McLaren Formula 1 team.
- Official main sponsor of Yatch Club de Monaco.
- Easy account registration process.
- Multiple tailored account types.
- Supports all trading styles and strategies.
- Multiple industry standard trading platforms available in web, mobile and desktop versions.
- Support over 8 account base currencies.
- Deep liquidity with no requotes.
- Ultra-fast order execution.
- Offers both fixed and floating spreads.
- Competitive spreads and low commissions.
- Low minimum deposit.
- Superior order execution.
- Advanced online trading tools.
- Dedicated customer support team available 24/7.
- A variety of top-grade trading platform.
- Suitable for both beginner and professional traders.
Cons
- Inactivity fee charged after 12 months of account inactivity.
- Demo account duration limited to 120 days.