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SPK / CMB regulated forex brokers

Capital Markets Board of Türkiye (Sermaye Piyasası Kurulu) · 🇹🇷 Türkiye

The Capital Markets Board of Türkiye (Sermaye Piyasası Kurulu) (SPK / CMB) is the financial regulator for Türkiye, established in 1982. ForexLicenses.com classifies it as tier 2 (strong regulation). We currently match 45 brokers in our database to an SPK / CMB licence.

Türkiye allows leveraged forex trading (kaldıraçlı işlemler) only through Turkish investment firms authorised by the SPK. Since 2017 retail leverage has been capped at 10:1 and the minimum deposit set at a high level, pushing many traders toward offshore brokers — which the SPK counters by blocking hundreds of unlicensed websites each year. Licensed domestic firms are typically bank-owned or long-established brokerage houses.

Key rules for retail clients

Tier
Tier 2 — Strong regulation
Compensation
Investor Compensation Center (YTM) covers qualifying cash and securities
Leverage
10:1 maximum for retail leveraged transactions
Negative balance protection
Not a regulatory requirement
Client money
Client assets held at Takasbank / central custody
Complaints
SPK complaints

Brokers licensed by the SPK / CMB 45

Broker Licences on record Licence Score Actions
1 Y İş Yatırım Multi-asset broker, since 1996 SPK / CMB 53Moderate Licences Visit site
2 AC A1 Capital Multi-asset broker, since 2003 SPK / CMB 48Moderate Licences Visit site
3 AY Ahlatcı Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site
4 AY Ak Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
5 AY Alan Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site
6 AY Allbatross Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site
7 AY Alnus Yatırım Multi-asset broker, since 1995 SPK / CMB 48Moderate Licences Visit site
8 AY Ata Yatırım Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
9 BM Bizim Menkul Değerler Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
10 BY Bulls Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
11 BY Burgan Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
12 DY Deniz Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site
13 DY Destek Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
14 GY GCM Yatırım Forex & CFD broker, since 1993 SPK / CMB 48Moderate Licences Visit site
15 GY Galata Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
16 GB Garanti BBVA Yatırım Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
17 GY Gedik Yatırım Multi-asset broker, since 1991 SPK / CMB 48Moderate Licences Visit site
18 GM Global Menkul Değerler Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
19 HY HSBC Yatırım Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
20 HY Halk Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site
21 IY ICBC Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
22 IY Info Yatırım Multi-asset broker, since 1994 SPK / CMB 48Moderate Licences Visit site
23 IY Integral Yatırım Multi-asset broker, since 1998 SPK / CMB 48Moderate Licences Visit site
24 IY InvestAZ Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
25 MM Marbaş Menkul Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
26 MY Meksa Yatırım Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
27 MY Metro Yatırım Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
28 NY Nurol Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
29 OY Osmanlı Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
30 OY Oyak Yatırım Multi-asset broker, since 1982 SPK / CMB 48Moderate Licences Visit site
31 PT PhillipCapital Türkiye Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
32 PM Piramit Menkul Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
33 PY Pusula Yatırım Multi-asset broker, since 1991 SPK / CMB 48Moderate Licences Visit site
34 QI QNB Invest Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
35 SM Strateji Menkul Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
36 TY TEB Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
37 TY Tacirler Yatırım Multi-asset broker, since 1991 SPK / CMB 48Moderate Licences Visit site
38 TY Tera Yatırım Multi-asset broker, since 1990 SPK / CMB 48Moderate Licences Visit site
39 VY Vakıf Yatırım Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
40 VY Venbey Yatırım Forex & CFD broker, since 1996 SPK / CMB 48Moderate Licences Visit site
41 YK Yapı Kredi Yatırım Multi-asset broker, since 1989 SPK / CMB 48Moderate Licences Visit site
42 YF Yatırım Finansman Multi-asset broker, since 1976 SPK / CMB 48Moderate Licences Visit site
43 ZY Ziraat Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site
44 NC Ünlü & Co Multi-asset broker, since 1996 SPK / CMB 48Moderate Licences Visit site
45 EY Şeker Yatırım Multi-asset broker, since 1997 SPK / CMB 48Moderate Licences Visit site

Frequently asked questions

How do I check if a broker is SPK / CMB regulated?

Search the firm's name or licence number on the SPK / CMB official register (https://www.spk.gov.tr/kurumlar/yatirim-kuruluslari), confirm the status is current and that the website domain you're using is listed, then check the SPK / CMB warning list for clones.

Does the SPK / CMB offer investor compensation?

Investor Compensation Center (YTM) covers qualifying cash and securities

What leverage do SPK / CMB-regulated brokers offer?

10:1 maximum for retail leveraged transactions

Is negative balance protection required by the SPK / CMB?

It is not a regulatory requirement under the SPK / CMB, though some brokers offer it contractually.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.