Turkey’s forex market is one of the most tightly regulated in the world, with local traders facing strict leverage caps and limited access to offshore brokers. Despite these constraints, both domestic and international platforms are still actively used. This article reveals the best forex brokers for traders in Turkey, comparing regulation, account types, Turkish language support, funding methods, and legal considerations.
Forex Trading Regulation in Turkey
Overseen by the Capital Markets Board (CMB/“SPK”)
- Only SPK-licensed brokers are legally allowed to offer forex services to Turkish residents
- In 2017, SPK reduced maximum leverage to 1:10 and set the minimum deposit at TRY 50,000 (~$1,500)
- Marketing of offshore brokers inside Turkey is strictly prohibited
Consequences of Violating SPK Rules:
- Using unlicensed brokers is technically not legal
- Many traders bypass restrictions using VPNs and crypto funding
- SPK periodically blacklists foreign brokers
Best SPK-Regulated Forex Brokers in Turkey
1. Integral Yatırım
- Regulation: SPK
- Min Deposit: TRY 50,000
- Leverage: Up to 1:10
- Platform: MetaTrader 4
- Why It’s Trusted:
- Longstanding Turkish financial firm
- Full compliance with Turkish law
- Turkish-language support and domestic funding options
2. Info Yatırım
- Regulation: SPK
- Platform: MT4
- Account Type: Standard, VIP
- USP: Focuses on institutional services and B2B forex liquidity
- Best For: Professional traders who meet SPK funding limits
Best Offshore Forex Brokers Accepting Turkish Clients
1. Exness
- Regulation: FCA, CySEC, FSCA
- Leverage: Up to unlimited (with conditions)
- Min Deposit: $10
- Features:
- Turkish language support
- Crypto and bank card deposits
- Instant withdrawal to wallets
- Access: VPN may be required
2. XM
- Regulation: CySEC, ASIC, IFSC
- Leverage: Up to 1:888
- Min Deposit: $5
- Turkish Support: Yes
- Bonus Offers: $30 no-deposit, 50% deposit match (IFSC entity only)
3. FBS
- Regulation: IFSC, CySEC
- Leverage: Up to 1:3000
- Min Deposit: $1
- Mobile App: FBS Trader
- Why Turkish Traders Use It:
- Cent accounts
- Turkish chat and customer service
- Crypto and card-based deposits
4. IC Markets
- Regulation: ASIC, CySEC, FSA
- Spreads: 0.0 pips (Raw Account)
- Platform: MT4, MT5, cTrader
- Reputation: Ideal for algorithmic and ECN-style traders
- Note: No local presence in Turkey
5. Tickmill (International Entity)
- Regulation: FCA, CySEC, FSA
- Min Deposit: $100
- Spread: 0.0 pips (Pro Account)
- Turkish Language: Supported
- Additional Features: Scalping, EAs, and swap-free accounts
Comparison Table: Forex Brokers for Turkey
| Broker | Regulation | Min Deposit | Leverage | Turkish Support | Legal in TR | Platforms |
|---|---|---|---|---|---|---|
| Integral Yatırım | SPK | TRY 50,000 | 1:10 | Yes | ✅ Legal | MT4 |
| Info Yatırım | SPK | TRY 50,000 | 1:10 | Yes | ✅ Legal | MT4 |
| Exness | FCA, CySEC | $10 | Up to Unlimited | Yes | ❌ Offshore | MT4, MT5 |
| XM | IFSC, ASIC | $5 | Up to 1:888 | Yes | ❌ Offshore | MT4, MT5 |
| FBS | IFSC, CySEC | $1 | Up to 1:3000 | Yes | ❌ Offshore | MT4, FBS Trader |
| IC Markets | ASIC, CySEC | $200 | Up to 1:500 | No | ❌ Offshore | MT4, MT5, cTrader |
| Tickmill | FSA Seychelles | $100 | Up to 1:500 | Yes | ❌ Offshore | MT4 |
Key Takeaways
- SPK-regulated brokers like Integral and Info Yatırım are the only legal option inside Turkey, but come with high deposit and low leverage
- Offshore brokers like Exness, XM, and FBS accept Turkish clients and offer Turkish language support, crypto funding, and high leverage
- Accessing offshore brokers may require VPNs and crypto wallets due to local restrictions
- Traders seeking full legal protection should use SPK-authorised platforms
- Traders seeking lower capital requirements and higher leverage use offshore brokers at their own risk
Frequently Asked Questions
Is forex trading legal in Turkey?
Yes, but only through SPK-regulated brokers. Offshore brokers are not authorised and are often blocked by Turkish ISPs.
Which forex brokers are legal in Turkey?
Only brokers regulated by the Capital Markets Board (SPK) such as Integral Yatırım and Info Yatırım are legal.
Can I trade with Exness in Turkey?
Yes, but Exness is not SPK-regulated. Access may require a VPN, and traders use the platform at their own risk under Turkish law.
What’s the maximum leverage allowed in Turkey?
SPK-regulated brokers are limited to 1:10 leverage for retail traders. Offshore brokers may offer up to 1:3000.
Do offshore forex brokers support the Turkish language?
Yes. Brokers like XM, FBS, Tickmill, and Exness offer full Turkish-language support on their websites and customer service channels.
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