FXTCR is a Turkish broker that offers Forex, Indices, CFDs and Commodities trading.
Company. Fund security
The broker is owned by Tacirler Holding A.Ş., which also includes 13 companies operating in various industries: construction, industry, trade.
FXTCR is regulated by the Turkish Financial Markets Board (CMB). The regulator has the right to conduct mass audits of companies if complaints from traders are systematically received. In addition, the organization has several departments that oversee individual areas.
An Insurance Fund operates on the basis of CMB, due to which it is possible to pay compensation to customers who have suffered from fraudulent actions of financial companies.
According to Turkish law, brokers are not allowed to operate in the country without a CMB license. The regulator is known for its bans and license revocations. Considering many years of experience and regular checks of brokers, CMB is trustworthy and respected by both brokers and traders.
Trading conditions
FXTCR offers one type of trading account. Before opening a real account, traders can try trading on a demo account.
Minimum initial deposit
The minimum deposit starts at $ 14,000. This requirement was introduced in 2017 by the Turkish authorities to prevent speculation in the depreciating Turkish lira.
Spreads and commissions
The trader has set fixed spreads for all products, you can see them on the website. So, for example, the spread on the popular EUR / USD pair is 1.3 pips. This is a great deal, especially when you consider that the broker does not charge a commission.
Leverage
The leverage should not be more than 1:10. This rule was also established by the Turkish authorities. If this seems like a small value to you, then in our rating you can find brokers that offer leverage up to 1: 500.
Trading platforms
With FXTCR, the world's most famous Forex terminal, MT4, is available. The platform is loved by traders for its innovative, affordable trading capabilities, a variety of built-in indicators, advanced charts, automated trading strategies (EA) and extensive testing environment.
Analytics and news
For traders, the most popular trading questions and answers have been published. It is noteworthy that they are divided into beginners and more confident traders. This will help you gradually absorb new material.
There is also a calendar of economic events, a glossary and a video overview. However, to understand the presented analytical cribs, you need to know Turkish.
Support service
The main office is located in Istanbul. A trader can send his question by fax, voice it by phone or use the contact form for feedback. The broker claims that the support team works around the clock.
Ways of payment
You can only make a deposit via bank transfer in Turkish Lira, Euro and USD.
Pros:
regulated broker; favorable spreads.
Minuses:
low leverage; high deposit; depositing funds only via bank transfer.
FAQ - BROKER QUESTIONS FXTCRS
- Do trader reviews affect the rating of FXTCRS?
- How to leave a review about FXTCRS on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker FXTCRS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. FXTCRS received a rating of 1 out of 5 on our resource.
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