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Best Forex Brokers Turkey for 2019

Steven Hatzakis

The ForexBrokers.com annual forex broker review (three years running) is the most cited in the industry. With over 60,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in Turkey is popular among residents. While recommended, forex brokers are not required to become authorised by the Capital Markets Board of Turkey (CMB) to accept residents of Turkey as customers.

The Capital Markets Board is the financial regulatory body in Turkey. Website: http://www.cmb.gov.tr/. We recommend Turkey residents also follow the CMB on Twitter: https://twitter.com/spkgovtr

Capital Markets Board

The CMB was formed in 1982 and is responsible for watching over the financial market, consumer protections, and supervising participants in the stock market. For a historical breakdown, here's a link to the Capital Markets Board of Turkey webpage on Wikipedia.

Best Forex Brokers Turkey

To find the best forex brokers in Turkey, we created a list of all brokers that list Turkey as a country they accept new customers from. We then ranked brokers by their Trust Score Ranking.

Here is our list of the best forex brokers in Turkey.

Turkey Forex Brokers Comparison

Compare Turkey authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Trust Score.

Forex BrokerAccepts TR ResidentsAverage Spread EUR/USD - StandardMinimum Initial DepositTrust ScoreOverallVisit Site
IGYes0.700£250.0099 4.5 Stars Visit Site
Saxo BankYes0.600$10,000.0098 4.5 Stars N/A
FOREX.comYes1.00$50.0093 4 Stars Visit Site
City IndexYes0.800 £50.0093 4 Stars N/A
PepperstoneYes1.160$200.0083 3.5 Stars N/A
XM GroupYes1.600$5-10081 3.5 Stars N/A
LCGYes1.450$0.0081 4 Stars N/A
easyMarketsYes1.000$100.0081 4 Stars N/A
ThinkMarketsYesN/A$250.0080 3.5 Stars N/A
Vantage FX Yes1.400$10079 3.5 Stars N/A
IC MarketsYes1.100$20072 4 Stars N/A
ForexTimeYes0.80$10070 3.5 Stars N/A
AlpariYes0.92$100.0069 3.5 Stars N/A
InstaforexYesN/A$168 3 Stars N/A
iTraderYes0.700$25066 3 Stars N/A
FX ChoiceYesN/A$10054 2.5 Stars N/A

How to Verify CMB Authorisation

Unfortunately, the CMB does not provide a list of authorized forex brokers; however, residents can contact the CMB directly to verify authorisation.

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Methodology

For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers. Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

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Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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