Turkey is a world leader on many fronts. Talking has managed to be on the lips of many people across the world by being a front-runner in aspects of technological development. In the forex world, Turkey is one of the most notable countries. It follows that Turkey is one of the most lucrative grounds for forex trading.
There are many forex brokers seeking to get a piece of the forex brokerage market in Turkey. Each of the forex brokers uses different techniques to try and entice readers to join the platforms. Many are times beginner forex Traders are inquiring about what is the best forex broker and how to choose the best forex broker.
All our business is not to promote or discredit any forex broker we’ve had our own experiences with many of the forex brokers operating in Turkey. We are certain that we can point you in the right direction if you are getting started with forex trading in Turkey or anywhere else in the world. Our goal is to ensure you get on a platform that gives you the best chance of realizing a profit from your trading efforts.
Take a look at the table below and Compares the various Forex brokers that we’ve chosen as the best for Turkish Traders.
|Brokers||Minimum spread||Minimum deposit||Currency Pairs|
|FXTM||0.1 pips||$10||57||1st Choice|
|Forex.com||0.97 pips||$50||50||2nd Choice|
|IQ Option||5 pips||$10||29||3rd Choice|
In brief reviews of each of the forex brokers we’ve outlined above, we are going to give reasons why we believe they are the best forex brokers for Turkey clients.
Before we get started with the reviews it is important that you understand what makes a good forex broker. There are several considerations that every seasoned Trader has to make before they decide to trade on a particular broker. These are the same parameters that we’ve used to pick the three forex brokers that we’ve picked above.
Here they are:
- Trading accounts and platforms
- Regulation and reputation
- Customer service and care
These are the three most important aspects of a forex broker and the account for a lot in the success you’re going to have while trading on any given broker.
Let’s dive right into the reviews.
Turkish Traders are a lucky lot since they have fxtm as one of the brokers on which they can trade on. There are many reasons to get excited about being able to trade on fxtm. Apart from it being one of the most efficient forex brokers in the industry, the deposit is arguably the best brokerage services on the scene. Whether you are a beginner trader or a seasoned trader, you are going to have a blissful experience trading on fxtm.
Enough of the chit chat! Let’s get into the nitty gritty trading on fxtm.
We begin with the trading accounts.
Trading accounts and platforms.
The moment you get onto the fxtm trading platform, you are going to realise that it is not your ordinary forex broker. Fxtm goes out of its way to ensure every trader on its platform has all the tools they need to be able to trade seamlessly and possibly make a profit. It is in that same endeavour that fxtm ensures it provides a decent variety of trading accounts.
Fxtm trading accounts come in two categories.
Standard accounts- in layman’s language, standard accounts are accounts for beginner and low-level traders. They feature fixed spreads which translate into low risk. That means that the trader knows the possible profit before they take a position.
Ecn accounts – ecn accounts are high-level trade. Their spreads can be varied by consolidating similar trades. While this action can allow Traders to attract more profit it also comes with significant risks.
FXTM has the following accounts under standard accounts.
- cent account – $10
- Standard account -$100
- Shares account -$100
- ECN Zero account -$200
- Ecn account -$500
- Pro account $2500
Fxtm is known to be one of the best forex brokers for beginners 2019. That is quite obvious if the minimum deposits indicated on each of the trading accounts on fxtm is anything to go by.
FXTM’s trading account and platforms have impressive trading tools and the broker provides ample support to every trader on the platform. You should also rest assured that there are customer care agents available at all times to ensure any concerns that you might have are well taken care of.
Forex.com is a top-of-the-range forex broker. Forex brokers in Turkey have the chance to enjoy a blissful trading experience on forex.com just like a millions of other Traders around the world. There is a lot to write home about forex.com, but we are going to dwell on why it is one of the best forex brokers for Turkey Clients. Forex.com remains to be one of the best forex brokers with low minimum deposit 2019.
Forex.com Trading accounts and platforms
The moment you land on to the forex.com you realise you are in for a treat. Not only has forex.com as one of the top what’s brokers when it comes to the calibre of trading accounts, but most traders in the industry feel that it is a broker that gives you the best chance of making a profit from your trading struggles.
Forex.com has four types of trading accounts. Unlike many other forex brokers, forex.com put very few distinctions in its trading accounts. It main a sense of having different trading accounts, is to ensure today’s our flexibility when it comes to the ownership structure. Otherwise, all traders receive the same kind of trading tools and support on forex.com
Here are the four trading accounts on forex.com
- Individual account
- joint account
- Corporate accounts
- Sharia account
From the names, it should be quite evident how these accounts are owned and operated. For the avoidance of doubt, the individual account is for a single individual. That means that the joint account is for more than one person, while the corporate account is for a legal entity. The sharia account is designed to be used by Muslims.
Forex.com to provide customer service and care. All traders on the platform are able to trade with a clear mind knowing that there’s someone they can turn to whenever they are having issues with their trading accounts or transactions.
One more thing we cannot forget to mention about forex.com is that it is a forex broker guarantees the safety of your funds, as well as the legitimacy the position that you take. Forex.com is a forex broker deep liquidity, which means all your trades are executed on the global forex market instantly. Forex.com goodbye cftc. Cftc is the body that guarantees all forex brokers on forex.com that they will not be exploited, and their money is in good hands.
We couldn’t have closed off the review with a better forex broker than IQ option. IQ option has set foot on the scene quite recently, but it has sent shockwaves all over the industry by being disruptive. IQ option has been disruptive in one of the best ways possible. In many ways it is the best forex broker in Turkey. IQ Option remains to be one of the best forex brokers with demo accounts 2019.
Let’s sample some of these ways in the paragraphs below
Trading account and platforms
IQ option has proven itself to be a top before forex broker, by not only offering top-of-the-range services, but also being sensitive to the needs of each and every Trader. IQ option could be termed as one of the best forex brokers with low minimum deposits. It was only two trading accounts, and main account requires a minimum deposit of $10. It’s called the standard account.
IQ option could also be said to be one of the best forex brokers with demo accounts. There aren’t many accounts that are as impressive as the one offered by IQ option. What makes the IQ option demo account very attractive, is that it is designed to entice you to get on the platform, but also ensure that you are well prepared to get started with trading on a real account.
IQ option trading accounts feature the best of technologies. They are user intuitive, responsive, and they make forex trading with a blissful experience. Apart from that, iQ options customer care and service is always available. The customer care agents are available to attend to you even when the markets are closed. You should also rest assured that IQ option’s systems are top-of-the-range and we do not expect you to be running into any challenges.
In a wrap, we believe IQ option is one of best broker for forex trading. Among the modern era forex brokers, iQ option has proven itself to be a winner, and that’s quite evident from the subscriber base that it has. IQ option currently boasts of having more than 20 million active trading accounts on its platforms.
In conclusion, there are a lot of special things about the forex brokers that we’ve reviewed above. We may not have included all the aspects about them, but it should be quite evident that they are impressive brokers. One of these is certainly the best forex broker Turkey.