In order to trade successfully, it is very important to choose the right broker. in Turkey, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best etf brokers for day trading in Turkey 2024. You can compare their features and trading conditions.
1
RoboForex - Best for day trading in Turkey
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
👍 Advantages of trading with RoboForex for traders from Turkey:
•Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
•Highest affiliate payments: up to 84% of the fee paid by the referral
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 Disadvantages of RoboForex for traders from Turkey:
•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
•Lack of tools when trading on the R StocksTrader platform
2
TeleTrade - Best for day trading in Turkey
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders from Turkey:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders from Turkey:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
3
Admirals - Best for day trading in Turkey
Admirals was founded in 2001. In more than 20 years of operation, a regional Estonian broker has grown into an international financial group of companies providing access to over-the-counter markets in more than 130 countries, as well as to exchange-traded stock instruments. Following the 2021 rebranding, Admirals became Admirals. The updated platform received new integrated risk management solutions.
The Admirals group of companies comprises:
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Admirals AU Pty Ltd.
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Admirals UK Ltd.
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Admirals Cyprus Ltd.
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Admirals AS Jordan Ltd.
Regulators of the Admirals group of companies include FCA (UK, 595450), CySEC (Cyprus, 201/13), ASIC (Australia, 410681), JSC (Jordan, 57026), and CIPC (South Africa, 2019 / 620981 / 07).
👍 Advantages of trading with Admirals for traders from Turkey:
•5,000+ trading assets, with stock assets trading on exchange markets available.
•The company’s proprietary social trading platform (copy trading).
•Relatively tight spreads on most assets.
•The company’s own Supreme Edition plug-in for MT4 and MT5, which expands their technical and chart functionality.
•FCA and CySec licenses, which are the most reputable regulators.
•Compensation fund with insurance coverage of up to €20,000 per trader.
•Relatively low initial deposit that provides for opening trades within risk management subject to leverage.
👎 Disadvantages of Admirals for traders from Turkey:
•Restrictions on leverage for retail traders without the “professional” status as required by regulators.
•Withdrawal fee is charged.
4
Fondex - Best for day trading in Turkey
Fondex is a contract for (price) differences (CFD) broker registered in Bermuda. It offers over 600 CFDs across seven types of trading instruments, including currency pairs, cryptocurrencies, stocks, indices, metals, energies, and exchange-traded funds (ETFs). Fondex provides two account types: a demo account and a real account. The real account features a standard spread starting from 0.5 pips with no trading commissions. The maximum leverage offered is up to 1:500. There is no set minimum deposit, and traders can trade micro-lots. All order types are available, and there are no restrictions on trading strategies. Swaps can be removed upon request, transforming the standard account into an Islamic account. In addition to manual trading, Fondex offers auto-trading through their proprietary cBot solution, which can be customized and even used with third-party expert advisors. Clients can also use the integrated copy trading service within the platform. Trading is conducted through the cTrader trading platform.
👍 Advantages of trading with Fondex for traders from Turkey:
•Free demo account allows users to familiarize themselves with the platform and refine their strategies without financial risk.
•Only one real account option eliminates the need to choose among different trading conditions, guaranteeing minimal costs.
•A wide range of assets from various groups combined with high leverage enhances the potential for successful trading.
•Traders can operate without limitations, using hedging, scalping, and transferring trades to the next day.
•Fondex's automated trading is highly appreciated by experts, the functional solution of cBot is suitable for both beginners and professionals.
•The copy trading service is intuitively simple, transparent, and accessible to all.
•The broker provides typical technical and fundamental analysis tools, as well as newsfeeds and educational materials.
👎 Disadvantages of Fondex for traders from Turkey:
•Traders can access a large number of assets, but they need to understand that they all are CFDs.
•The company operates internationally but does not work with residents of Japan, North Korea, Belgium, Canada, and some other countries.
•There is no referral program for individuals, ongoing promotions, or bonuses for new clients.
5
LiteForex - Best for day trading in Turkey
The LiteForex (LiteFinance) broker is a high-tech company that constantly offers innovative solutions for active and passive trading. The LiteForex group of companies was incorporated in 2005, and it has risen through the ranks to become a market leader. Today, LiteForex (LiteFinance) is an online ECN broker with unique technical solutions for transferring transactions to the interbank and directly to liquidity providers. Social Trading is a mechanism for automatic copying of other traders’ transactions (see, SocialTrading platform) and other advantages for comfortable and efficient trading. LiteForex Broker is one of the largest and leading brokers in Malaysia.
👍 Advantages of trading with LiteForex for traders from Turkey:
•Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders and pin spreads with instant market execution with minimal slippage in both directions;
•Own trading platform for personal accounts that was designed for novice traders with the ability to copy transactions, analyze market sentiment, etc.;
•Several types of affiliate programs with a multi-level system and cashback;
•Automatic reimbursement of commissions paid when replenishing and withdrawing money.
👎 Disadvantages of LiteForex for traders from Turkey:
•No cent accounts, which are often of interest to novice traders;
•Supplement of additional indicators is not provided in the trading platform of your personal account; algorithmic trading and testing are not provided;
•There is no information on how the risk level is assigned to traders from the social trading rating;
•Complex verification procedure.
TOP 5 Comparison
This table makes it easy to compare the best etf brokers for day trading in Turkey for 2024 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| RoboForex | TeleTrade | Admirals | Fondex | LiteForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
MT4, MT5 |
MT4, MT5, WebTrader, Mobile platforms |
Fondex cTrader |
MT4, MT5, MultiTerminal, Sirix Webtrader |
|
Min deposit |
$10 |
$1 |
$250 |
$1 |
$10 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
7.00% |
|
Spread |
From 0 points |
From 0.8 points |
From 0.5 points |
From 0.5 points |
From 0.5 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Exchange execution, Market Execution |
Market Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
No |
No |
No |
Yes |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
RoboForex Commissions and Fees
Our experts have checked this company for trading and non-trading commissions. In the trading commission category, the broker's spread was considered, and as a non-trading commission, it charges an additional fee for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Pro |
$13 |
No |
|
Pro-Cent |
$13 |
No |
|
ECN |
$3 |
No |
|
Prime |
$1 |
No |
TeleTrade Commissions and Fees
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard ECN |
$17 |
No |
|
Professional NDD |
$9 |
No |
|
Sharp ECN CENT |
$2 |
No |
|
Cryptocurrency account |
$3 |
No |
Admirals Commissions and Fees
TU experts have analyzed trading conditions (spreads and fees) of the Admirals group of companies. Results are provided as a list:
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Spreads and fees are not subject to the broker. It means that liquidity providers are the same for the entire group.
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The Zero MT4/MT5 account has a fixed fee per 1 full standard lot. Forex and metals are charged with a fee ranging from $1.8 to $3 per 1 lot. Energies are charged with a $1 fee per lot. The fee is indicated per one transaction, thus it is doubled when closing a trade.
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There is a $0.02 fee per transaction for trading stocks and ETFs.
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There is a withdrawal fee which is subject to the payment system and the broker. Its minimum ranges from $1 to $15. All withdrawal fees are discussed in detail in the following blocks.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Trade MT4/MT5 |
from $5 |
Yes |
|
Zero MT4/MT5 |
from $0 |
Yes |
|
Zero MT4/MT5 |
from $0 |
Yes |
Fondex Commissions and Fees
Most brokers earn revenue through spreads and commissions from traders. Sometimes there is also a raw spread directly from the liquidity provider, which naturally leads to higher commissions. The spread itself can be either floating or fixed. In the case of Fondex, they offer a floating spread starting from 0.5 pips. Traders should keep in mind that the spread is highly dependent on market conditions and constantly changes, usually being higher than the stated amount. However, Fondex does not charge any trading commissions, which is a significant advantage as it reduces the trader's costs. Not all brokers offer such conditions.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $5 |
No |
LiteForex Commissions and Fees
Traders Union analytics analyzed LiteForex (LiteFinance) offer and trading conditions for explicit and hidden commissions. The main commissions — spread and commission on an ECN account — from US$5 per 1 lot. There are no commissions for depositing and withdrawing from an account as LiteForex (LiteFinance) pays it to your trading account.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Classic |
From $18 |
No |
|
ECN |
From $0 |
No |
Summary
Many brokers are available for traders from Turkey, but not all of them offer good conditions. In this review, TU experts chose the Best etf brokers for day trading in Turkey 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best ETF Brokers For Day Trading in Turkey
| RoboForex | TeleTrade | Admirals | Fondex | LiteForex | |
|---|---|---|---|---|---|
|
Overall score |
9.71 |
8.92 |
8 |
2.78 |
6.38 |
|
Execution of orders |
8.95 |
3.21 |
7.65 |
2.63 |
7 |
|
Investment instruments |
8.2 |
6.7 |
9.31 |
7.17 |
5.3 |
|
Withdrawal speed |
9.71 |
7.79 |
8.57 |
7.71 |
4.86 |
|
Customer Support work |
9.17 |
8.41 |
8.2 |
2.9 |
6.9 |
|
Variety of instruments |
8.75 |
8.75 |
8.75 |
7.4 |
8.75 |
|
Trading platform |
6.86 |
8.29 |
8.09 |
2.63 |
7.43 |
|
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FAQ
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
Can you earn passive income in the financial markets?
Yes, the best brokers in Turkey offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Best ETF Brokers For Day Trading by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.