Best Turkey Forex Trading Brokers

The foreign exchange Forex market in Turkey involves the trading of currencies, including the Turkish Lira (TRY), against other global currencies like the US Dollar (USD), the Euro (EUR), and the British Pound (GBP). The forex market in Turkey is primarily influenced by domestic economic factors, political stability, global economic conditions, and interest rate differentials between countries.

Forex Platform in Turkey

The forex market in Turkey is legal and fully regulated. To select a reliable forex trading platform in Turkey, your initial step should be to identify a reputable broker that provides the trading platform you intend to use for executing trades which might be either the popular choice like MT4 or MT5 or proprietary software offered by the Broker.

  • All forex brokers and platforms operating in Turkey must be regulated by the Capital Markets Board of Turkey (CMB) and the Central Bank of the Republic of Turkey (CBRT).
  • However, in most cases Trading Platforms with International Branches target and accept traders from Turkey. So Turkish traders can also participate in forex trading through international brokers, however, it is advisable to avoid exclusively offshore brokers and choose ones with additional reputable regulations. 

For additional information read about Forex Market on Wikipedia.

Turkey Trading ProsTurkey Trading Cons
International Branches of Brokers may open account for Turkish residentsMost of Brokers regulated in EU, US or others do not accept traders from Turkey
Access to global marketsMany offshore Brokers are scam
Availability of Islamic accountsLimited leverage
Variety of trading instrumentsMarket risks

Forex Regulation in Turkey

The Capital Markets Board of Turkey (CMB) is the primary regulatory body overseeing the forex market in Turkey, ensuring that brokers and traders comply with the necessary regulations and maintain a fair trading environment. Additionally, the Central Bank of the Republic of Turkey (CBRT) plays a crucial role in managing the country’s monetary policy and maintaining the stability of the Turkish Lira.

The official website of CMB —, their official Twitter – @spkgovtr

Take a look at some essential points regarding the Forex Trading in Turkey:

  • The Turkish Lira (TRY) has experienced significant volatility in recent years due to various factors such as political instability, economic concerns, and fluctuating interest rates. This volatility attracts traders who seek opportunities to profit from price movements in the currency market.
  • Despite the market’s volatility and regulatory challenges, there is a growing interest in forex trading among Turkish investors. Both individual and institutional traders are increasingly participating in the forex market to diversify their investment portfolios and take advantage of global currency fluctuations.
  • The CMB had set the maximum leverage limit for forex trading at 10:1 for retail traders in Turkey.
  • While the Turkish forex market does not strictly follow Islamic law, many forex brokers operating in Turkey offer Islamic or swap-free accounts to cater to the religious beliefs of Muslim traders adhering to the principles of Shariah-compliant finance.
  • At present Turkey does not have membership in the EU, yet this is one of the country’s main intentions since Turkey is willing to conform to the regulations in the EU’s Markets in Financial Instruments Directive (MiFID) in an effort to become a permanent EU member.
  • For now many Brokers based in EU or regulated by world top-tier Authorities do not accept Turkish Traders, yet may opean accounts under international Branches if available. Here, we highly recommend trading only with reputable brokers to avoid the risk of engaging in fraudulent ventures.

Read more about the Turkish forex regulator vis Wikipedia.

Turkey Regulator

Top 5 Best Forex Brokers in Turkey

Our list of Turkey brokers includes Regulated brokers only with good reputation, and based on our scrupulous research we have come up with a top list of International Brokers that accept traders from Turkey. We have also researched and reviewed the brokers, ranking them by category:

  • HFM – Best Overall Broker in Turkey 2024
  • BlackBull Markets – Best Broker for Beginners in Turkey 2024
  • FP Markets – Lowest Spread Broker in Turkey 2024
  • Eightcap – Best MT4 Broker in Turkey 2024
  • BDSwiss – Best for Scalping and EA Trading Turkey 2024

Is Forex Trading Available in Turkey?

Forex trading is available and legal in Turkey. However, the market is regulated with strict laws and regulations, and many brokers might not accept clients from Turkey. 

How to Find a Broker Accepting Turkey Traders?

You can check the list of Turkish Brokers we made below, however, is good to make your own research and verify a broker if it is good enough firstly holding serirous licenses. First, check the licenses on the broker website directly, then verify the license on the official regulator page to confirm it.

Can I trade stocks in Turkey?

Yes, you can trade stocks in Turkey. The primary stock exchange in Turkey is Borsa Istanbul (BIST), which lists shares of publicly traded companies in the country. Trading stocks in Turkey requires opening a brokerage account with a licensed broker that provides access to Borsa Istanbul or alternatively you can trade CFDs on Stock so to speculate on price movements only.

List of Forex Brokers allow Turkish Traders

This is the Complete Turkish Regulated Brokers List that consists of Brokers that accept clients from Turkey mainly via international branches, while we highly recommend choosing brokers with additional top-tier regulations:

Broker Detail
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View
Regulation: FMA, FSA
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
FP Markets Review
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Pepperstone Review
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:1000
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA
XM Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC
InstaForex Review