About the company:
FXTCR is a Turkish broker that offers trading in currencies, indices, CFDs and commodities.
Company. Security of funds
The broker is owned by Tacirler Holding A.Ş., which also includes 13 companies operating in construction, industry and trade.
FXTCR is regulated by Capital Markets Board of Turkey. The regulator has the right to conduct inspections, if it regularly receives complaints from traders. In addition, the organization has several agencies that oversee different directions.
Clients, affected by fraudulent financial companies, can get compensation thanks to the Insurance Fund that operates on the basis of CMB.
According to the laws of Turkey, brokers do not have the right to work in the country without a CMB license. The regulator is known for its bans and license revisions. Considering the long-term experience of work and regular inspections of brokers, CMB is trustworthy and enjoys authority both from brokers and traders.
FXTCR offers a single type of trading account. Before opening a real account, traders can try trading in a demo account.
Minimum initial deposit
The minimum deposit is $14,000. This requirement was introduced by the Turkish authorities in 2017 to prevent traders from speculating on a depreciating Turkish lira.
Spreads and commissions
The broker offers fixed spreads on all products; you can see them on the website.
So, for example, the spread for the EUR/USD pair is 1.3 pips. This is an advantageous offer, especially if you consider commission-free trading.
The size of the leverage should not be more than 1:10. This rule was also introduced by the Turkish authorities. If this seems like a small value, then you can find brokers who offer leverage up to 1:500.
With FXTCR, the world's most famous MT4 trading platform is available. The platform is favored by traders thanks to its innovative and affordable trading opportunities, a variety of built-in indicators, extended charts, automated trading strategies (Expert Advisors) and an extensive testing environment.
Analytics and news
For traders, the broker publishes the most popular questions about trading and answers. It is noteworthy that they are divided for beginners and more experienced traders. This will help to learn new material gradually.
There is also a calendar of economic events, a glossary and a video review. However, to understand the presented analytical reviews, you need to know Turkish.
The main office is located in Istanbul. Traders can send their questions via fax, phone or use the contact form for feedback.
The broker claims that the support service works around the clock.
You can deposit your funds only by a bank transfer in Turkish liras, euros and US dollars.
FXTCR 1/10 (votes 2230)