Top Forex Brokers in Turkey

Turkey’s forex market is tightly regulated by the Capital Markets Board of Turkey (CMB or SPK), which enforces strict controls on leverage, licensing, and investor protection. While Turkish residents face limitations when using offshore brokers, several locally licensed forex brokers and globally regulated platforms still serve the market legally or via international subsidiaries.

This article outlines the top forex brokers in Turkey, comparing their SPK registration status, platform offerings, leverage rules, and reputation among local traders.

Forex Regulation in Turkey

The Capital Markets Board (SPK) is the sole regulatory authority
Maximum leverage is restricted to 1:10 for retail traders under Turkish law
Only brokers licensed by SPK can legally onboard Turkish residents
Offshore brokers may be blocked by ISPs, with legal risk to local users

Top Forex Brokers in Turkey (2025)

1. GCM Forex

Regulation: SPK Licensed
Leverage: Up to 1:10
Platform: MT4, WebTrader
Minimum Deposit: ₺100 (approx. $3)
Why It’s Top: Strong domestic presence, Turkish support, fast local withdrawals

2. Integral Yatırım Menkul

Regulation: SPK Licensed
Leverage: 1:10
Platform: MT4, proprietary platforms
Minimum Deposit: ₺50
Why It’s Top: Low entry, physical branches, and investor education in Turkish

3. Info Yatırım Forex

Regulation: SPK Licensed
Leverage: 1:10
Platform: MT4
Minimum Deposit: ₺100
Why It’s Top: Licensed transparency with real-time data feeds and market news

4. Osmanlı Yatırım

Regulation: SPK Licensed
Leverage: 1:10
Platform: xStation and MT4 (via integration)
Minimum Deposit: ₺100+
Why It’s Top: Professional customer support and Borsa Istanbul membership

International Brokers Used by Turkish Traders (At Own Risk)

While not licensed by SPK, these global brokers are commonly accessed via VPN or alternative domains. Use of these brokers by Turkish citizens may violate local law.

5. IC Markets

Regulation: ASIC, CySEC (not SPK)
Leverage: Up to 1:500
Platform: MT4, MT5, cTrader
Why It’s Popular: Raw spreads and fast execution

6. Exness

Regulation: FCA, FSCA, CySEC (not SPK)
Leverage: Unlimited (variable)
Platform: MT4, MT5
Why It’s Popular: 24/7 trading, instant withdrawals, Turkish-language support

7. XM

Regulation: ASIC, IFSC, CySEC (not SPK)
Leverage: Up to 1:1000 (offshore)
Platform: MT4, MT5
Why It’s Popular: Bonus offers, fast verification, Turkish web content

8. FXTM

Regulation: FCA, FSCA, CySEC (not SPK)
Leverage: Varies by region
Platform: MT4, MT5
Why It’s Popular: Copy trading and support in Turkish-speaking markets

Key Takeaways

SPK-regulated brokers like GCM Forex and Integral Yatırım are the only legal options for Turkish residents
Leverage is capped at 1:10 under Turkish law
Offshore brokers like Exness, IC Markets, and XM are technically accessible but legally restricted
SPK ensures local fund safety, transparency, and dispute resolution
Traders should avoid unlicensed apps or websites that lack Turkish legal compliance

Frequently Asked Questions

Is forex trading legal in Turkey?

Yes, but only with SPK-regulated brokers. Offshore forex trading is restricted by law.

Which forex brokers are legal in Turkey?

GCM Forex, Integral Yatırım, and Info Yatırım are licensed by the Capital Markets Board of Turkey (SPK).

Can Turkish traders use Exness or XM?

Not legally. While some traders access them via VPN, they are not SPK-regulated and usage may carry risk.

What is the maximum leverage allowed in Turkey?

The maximum leverage allowed for retail traders under SPK rules is 1:10.

How can I verify if a broker is regulated in Turkey?

Visit the SPK’s official website or consult their list of authorised forex institutions.

Top Forex Brokers in Turkey

Forex Regulation in Turkey