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FXTCR Reseña

FXTCR


On-line since: 2015
Country of origin: Turkey
Regulation: CMB
Payment options: bank transfer, credit cards, electronic payment systems
Minimum account size: $12000
Minimum lot size: 0.01 lot
Leverage: up to 1:10
Spreads: fixed

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.

Trading conditions

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.

Leverage

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.

Trading platforms

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.

Support service

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.

Payment methods

You can deposit your funds only by a bank transfer in Turkish liras, euros and US dollars.

Pros

  • Regulated broker;
  • Profitable spreads.

Cons

  • Low leverage;
  • High initial deposit;
  • Funds are deposited only through bank transfers.

FXTCR 1/10 (votes 2230)
Autor de  FXTCR: Isaiah | Fecha de   2022-05-19
FXTCR is a great broker with favorable trading conditions and helpful staff. They provide an excellent trading platform. However, sometimes small slippage but not more than 15 pips, even during big news. I haven't experienced any problems with spikes, fake quotes, sudden disconnects, etc. I opened a live account over one and a half months ago,, and recently withdrew my first profit of $800 using a bank transfer. And I got it within 2 days, and they didn't deduct any fee. Everything is perfect. Guys, you can try this broker.
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Autor de  FXTCR: Tosan | Fecha de   2022-04-11
FXTCR broker provides a very lousy trading platform that always disconnects me during news.. For sure stop hunting. Analysts intentionally deceive some of their strategies, then act like they were amazed by turn of events.
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Autor de  FXTCR: Petrick | Fecha de   2021-04-20
I am very happy with their customer support performance. Always update about their analysis, and provide good service. I've been making consistent profits, already around $18000 and averaging over $8000-10000 monthly. It's very profitable to trade with them and they provide the best service, which makes me comfortable. And the second pleasant thing is they have no commission and fees. FXTCR is a good way become a person with a stable salary.
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Autor de  FXTCR: Brett | Fecha de   2021-03-10
I can't trade at FXTCR's platform, As the platform didn't execute on time and always I got 5 to 20 pips slippage from my desire position. I think their price quote is delay than the live market. So it is a losing machine for me and till now I had lost $240. So I am disappointed to deal with FXTCR and warn others about their lacking platform.
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Autor de  FXTCR: Wellerson | Fecha de   2021-01-04
I am so glad that I opened an account at FXTCR. At first, I was still a little hesitant but thankfully, their representative encouraged me and assured me that they will help me out. Now, I am making incredible profits. The forex education section that they provided helped me greatly to become a better trader.
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