Turkey

Turkish politician proposes “Turkcoin”, regulation, state-controlled exchange

By Henry Hughes

February 23, 2018

Turkey should develop a blockchain infrastructure, launch its own “national bitcoin” – Turkcoin, regulate and set up a state-controlled cryptocurrency exchange, said former industry minister Ahmet Kenan Tanrikulu ...

Turkey bans leveraged trading with brokers not regulated by SPK

By Henry Hughes

July 3, 2017

All News Featured News Regulation

The Turkish government has published in the country’s state gazette a ban on leveraged trading with forex brokers that are not regulated by the local Capital Markets Board ...

XTB to exit Turkey

By Henry Hughes

May 19, 2017

All News Featured News Forex Brokers

XTB, a European forex broker regulated by UK’s Financial Conduct Authority (FCA) and Poland’s financial supervision commission (KNF), announced it is exiting the Turkish market. XTB was one ...

RoboForex joins XM, takes precautions against expected TRY volatility

By Henry Hughes

April 13, 2017

All News Featured News Forex Brokers

RoboForex is yet another forex broker to take precautions against the expected volatility of the Turkish Lira (TRY) ahead of the constitutional referendum in Turkey on April 16. ...

XM temporarily hikes margin on USD/TRY, EUR/TRY due to Turkish constitutional referendum

By Juana Wells

April 12, 2017

All News Featured News Forex Brokers

EU and Australia-regulated forex brokerage XM said on Wednesday it will temporarily increase the margin requirement for certain Turkish lira (TRY) pairs in relation to the upcomming constitutional ...

Turkish retail forex industry confronts regulatory limitations

By Juana Wells

February 14, 2017

All News Forex Brokers Regulation

Turkish forex market participants are objecting to the new limitation for retail forex trading, which the Capital Markets Board (CMB) of Turkey just introduced, finance online media Finance ...

Turkey restricts retail leveraged forex trading to clients with 50K deposit, cuts leverage to max 10:1

By Juana Wells

February 10, 2017

All News Featured News Forex Brokers Regulation

The Capital Markets Board (CMB) of Turkey announced on Friday it has made regulatory amendments to the financial and ancillary service regulation, with which it restricts retail leveraged ...

Turkish broker loses license, job over analysis of failed military coup

By Henry Hughes

July 28, 2016

All News Regulation

Mert Ulker, head analyst of the leading Turkish brokerage AK Investment, was stripped of his broker license and is facing criminal charges under articles from Turkey’s penal code ...

Alpari sets EUTRY, USDTRY trade to “Close Only”

By Henry Hughes

July 21, 2016

All News Featured News Forex Brokers

Alpari, Russia’s largest forex broker in terms of trading volume, informed its clients that as of July 22, 2016, trade on the currency pairs EUTRY, USDTRY to “Close Only”. Furthermore, ...

FxPro to restore Turkish lira trading, but with 5% margin requirement

By Henry Hughes

July 21, 2016

All News Featured News Forex Brokers

The UK forex broker FxPro informed its clients that next Monday it will restore trading in Turkish lira (TRY) pairs, but with increased margin requirements of 5% for all new ...

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