Forex Frequently Asked Questions (FAQ)

In Türkiye, only intermediaries authorized by the SPK are legal and supervised. SPK-licensed institutions follow investor protections such as a 1:10 leverage cap and margin rules. Unauthorized/offshore platforms lack these protections and carry high risk.

The most reliable are SPK-licensed local intermediaries. Our list is ranked by the FX Trust Score, combining regulation, complaint resolution, transparency, track record and platform criteria.

The most important criteria are SPK license, regulation quality, leverage (1:10 cap), spread/commission, withdrawal history, transparency (license number, imprint) and platform (MT4/MT5, demo).

Global brokers like XM and Exness are regulated abroad; however they have no SPK authorization in Türkiye, so local investor protection is limited and risk is higher.

You can verify it against the SPK’s official list of authorized institutions. SPK-licensed brokers cap leverage at 1:10; platforms offering very high leverage such as 1:500 are usually unauthorized.

Yes, but only through SPK-authorized intermediaries. The SPK caps leverage at 1:10 and applies protective rules such as margin and suitability tests.

Yes. The SPK identifies unauthorized forex platforms and has them blocked via the BTK, announcing this in weekly bulletins. You can follow blocked sites in our SPK Bulletins section.

Under SPK regulation, leverage on major pairs in Türkiye is capped at 1:10. Platforms promising much higher leverage are usually not SPK-authorized.

Stop depositing more, keep all correspondence and receipts, request a chargeback from your bank if you paid by card, report to the SPK, and consider filing a criminal complaint with the Public Prosecutor.

It varies by institution, method and bank; at licensed institutions it is usually a few business days. Constant delays or requests for extra payment are a warning sign.

You can share your experience on the relevant broker’s page or via the “Add Complaint / Review” page. Submissions are published after SMS + email verification and moderation.

User complaints and comments are the statements of the individuals concerned. Verification and moderation are applied to prevent spam and false reports; brokers have a right of reply.

Guaranteed/high return promises, very high leverage (1:500+), lack of an SPK license, constant withdrawal obstacles, “investment advisor” outreach via WhatsApp/Telegram, and fake profit screens are the most common warning signs.

There is no guarantee; however, acting quickly (chargeback window, prosecutor filing, bank details) improves the chances of recovery. Collection from unauthorized/foreign platforms is difficult.

Reporting to the SPK, a chargeback request to your bank, and a criminal complaint with the Public Prosecutor are the key steps. Our Forex Scams guide details the steps.

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.

The spread is the difference between the buy and sell price of a currency pair, and is one of a broker’s core trading costs.

Yes. Leveraged forex carries high risk and you can lose all of the capital you deposit. Content is not investment advice.

There are differing religious views on this, requiring a personal/religious assessment; our site does not issue religious rulings and only presents brokers’ reliability and regulation information.