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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Stockbrokers2026

Brokers by Country · TR

Stock Brokers in Turkey, 2026

Tracked byUpdated

Turkey's Capital Markets Board (SPK) licenses local forex brokers — Garanti BBVA Yatırım, GCM Forex, İş Yatırım, Yapı Kredi Yatırım — under the Capital Markets Law (Law No. 6362, 2012). SPK-licensed brokers offer retail FX/CFD with leverage capped at 1:10 (limited 1:40 hedging exposure since 2017). Borsa İstanbul (BIST) listed equities are accessed via licensed brokerages. SPK has actively blocked offshore broker websites at the DNS level since 2017; offshore access via VPN is widespread among retail traders driven by lira volatility.

3 / 4 brokers accept Turkey

stock

  1. Editorial top pick

    01Deriv

    BVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 02XM Group

    ASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  3. 03Libertex

    SVG FSA
    Open account at Libertex →
    Avg spread
    0.50pip
    midpoint of broker range
    Cost / lot
    $5.00
    no commission
    Min deposit
    $10
    Max leverage
    1:999
    Libertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.

    $10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight

    Fits ifYou have $10 to start — one of the lowest entry minimums in our list
    PlatformsMetaTrader 4, MetaTrader 5, Libertex Platform

    Founded in 1997 · Verified Jun 1, 2026

    Full Libertex details →

Country context

Regulator
SPK · Sermaye Piyasası Kurulu / Capital Markets Board — licenses domestic forex brokers under Capital Markets Law (Law No. 6362, 2012); offshore broker websites have been DNS-blocked since 2017
Currency
TRY
Payment methods
Bank transferVisaMastercardPaparaTroy
Tax

Personal income tax for Turkish residents is progressive up to 40%. Capital gains on BIST-listed shares are exempt for individuals (post-2015 reform). FX/CFD profits from SPK-licensed brokers are subject to a final 10% withholding tax. Offshore broker profits are taxable as 'other income' at progressive rates, with enforcement focused on remittance flows above TRY 50,000.

Retail trading rules

SPK retail leverage cap of 1:10 (one of the strictest globally) is the defining constraint. Initial margin requirements for SPK-licensed retail FX accounts are TRY 50,000 (~USD 1,500 at 2026 rates). Offshore brokers — Exness, AvaTrade, FBS, XM — are DNS-blocked but accessed via VPN; SPK has periodically attempted to restrict bank-rail funding to offshore brokers, pushing retail flows toward USDT crypto rails.

Frequently asked

Which brokers accept residents of Turkey?+

3 of 4 brokers in our ranking accept Turkey: Deriv, XM Group, Libertex.

Who regulates brokers for Turkey?+

Primary regulator: SPK — Sermaye Piyasası Kurulu / Capital Markets Board — licenses domestic forex brokers under Capital Markets Law (Law No. 6362, 2012); offshore broker websites have been DNS-blocked since 2017.

What payment methods are available?+

Common methods: Bank transfer, Visa, Mastercard, Papara, Troy.

What are the tax rules for trading in Turkey?+

Personal income tax for Turkish residents is progressive up to 40%. Capital gains on BIST-listed shares are exempt for individuals (post-2015 reform). FX/CFD profits from SPK-licensed brokers are subject to a final 10% withholding tax. Offshore broker profits are taxable as 'other income' at progressive rates, with enforcement focused on remittance flows above TRY 50,000.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.