What Is Forex?
Last updated: 2026-06-19 · FXŞikayetvar Editorial Team
Forex (foreign exchange) is the world’s largest financial market, where currency pairs (such as EUR/USD, USD/TRY) are bought and sold. Investors seek profit from changes in one currency’s value against another. In Türkiye, forex is legal only through SPK-licensed intermediaries.
Risk warning. Leveraged forex trading carries high risk and, in Türkiye, is subject to SPK regulation (1:10 leverage cap, ~50,000 TRY margin). This content is not investment advice; user statements belong to their authors.
How does forex work?
Trades are made on currency pairs. The difference between the buy and sell price is called the spread. Leverage lets you open a larger position with a small margin, but it magnifies losses by the same proportion.
Forex and the SPK in Türkiye
With its 2017 regulation, the SPK capped leverage on major pairs at 1:10 and introduced minimum margin and a mandatory suitability test. Only SPK-licensed institutions may legally provide the service. For a safe start, see our how to choose a forex broker guide.
Frequently Asked Questions
Forex (foreign exchange) is the global market where currency pairs are traded. Investors seek profit/loss from changes in one currency’s value against another.
Yes, but only through SPK-authorized intermediaries. The SPK caps leverage at 1:10 and applies protective rules such as margin and suitability tests.
Leverage lets you open a large position with a small margin. It magnifies losses as much as gains, which is why the SPK limits it.
Yes, leveraged forex carries high risk and you can lose all of your capital. It is not investment advice.