According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- TRY 50,000
- TradeMaster FX
- TradeMaster Web
- TradeMaster Mobile
- TradeMaster International
- CMB
Our Evaluation of İş Yatırım
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
İş Yatırım is a moderate-risk broker with the TU Overall Score of 5.26 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by İş Yatırım clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
İş Yatırım is a regulated Turkish broker that provides access to stock and over-the-counter (OTC) markets worldwide through TradeMaster proprietary platforms.
Brief Look at İş Yatırım
İş Yatırım (IS Investment) is an investment division of Türkiye İş Bankası (İşbank), the largest bank of Turkey incorporated in 1996. It offers access to Turkish exchanges Borsa İstanbul (BIST) and VIOP (Turkish Derivatives Exchange), as well as to international exchanges through such partners as Saxo Bank. Forex traders can trade 13 currency pairs and CFDs on oil, gold, silver, and stock indices of the U.S. and EU. İş Yatırım is a brokerage company with capitalization over TRY 48 billion. Its shares are listed on Borsa İstanbul with the ISMEN ticker. İş Yatırım is included in the BIST 100 index, while İşbank — in BIST 30.
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- Long presence on markets of currencies, securities, and capital;
- Regulation by the state financial supervisory department;
- Listing on the major stock exchange of Turkey;
- Trading platform based on MetaTrader 5;
- Forex trading can be combined with investments on global stock exchanges;
- Liquidity provided by major banks, such as Swissquote Bank;
- Variable spreads without fees for Forex and CFDs.
- Limited range of CFDs on currency pairs;
- No bonuses or partnership programs for existing clients;
- Fees are charged for every deposit and withdrawal.
TU Expert Advice
Financial expert and analyst at Traders Union
As a member of the Istanbul Stock Exchange, İş Yatırım focuses on trading securities. Nevertheless, it provides access to OTC derivatives and CFD markets. Yet, the range of available trading instruments is not that diverse as with brokers focused on Forex. This segment of financial markets is strictly regulated in Turkey, therefore İş Yatırım clients can use leverage up to 1:10 and significant capital is required to start trading.
The broker doesn’t offer cent accounts or education on a high-risk market, which is a disadvantage for novice traders. They can use demo accounts on the TradeMaster FX platform that is based on MT5. Mobile apps are available for trading and fund management. They can also be used for deep technical market analysis.
İş Yatırım withholds only variable spreads for CFDs and Forex. Deposits and withdrawals are made only by bank transfers. The company provides support by phone. Other communication methods are currently unavailable.
İş Yatırım Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. İş Yatırım and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: |
TradeMaster FX to trade Forex and CFDs; TradeMaster Web, TradeMaster Mobile, and TradeMaster International to trade on stock exchanges |
|---|---|
| 📊 Accounts: | Demo, TradeMaster, and TradeMaster FX |
| 💰 Account currency: | TRY |
| 💵 Deposit / Withdrawal: | Domestic and international bank transfers |
| 🚀 Minimum deposit: | TRY 50,000 |
| ⚖️ Leverage: | Up to 1:10 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01-0.02 subject to the instrument |
| 💱 EUR/USD spread: | 1,2-2,0 pips |
| 🔧 Instruments: | Forex, OTC derivatives, stocks, ETFs, Eurobonds, mutual funds, Repos (Repurchase agreements), fixed-income securities (treasury bills and government bonds), options, futures, warrants, and structured debt instruments |
| 💹 Margin Call / Stop Out: |
Margin call — 100% Stop out — defined by the agreement |
| 🏛 Liquidity provider: | İş Yatırım Menkul Değerler A.Ş., Swissquote Bank SA, FXCM, Forex Capital Markets LTD, etc. |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
All fees for Forex are included in spreads; Cryptocurrency trading isn’t available. |
| 🎁 Contests and bonuses: | Trading contests for students of Turkish universities |
The schedule for trading securities on İş Yatırım platforms depends on the chosen exchange. Forex instruments are traded subject to the schedule of trading underlying assets on Borsa İstanbul and international exchanges. If the validity period of a share exceeds one day, traders can place purchase or sell orders on the exchange. When trading futures and option contracts, traders can work with Good ‘Till Date and Good ‘Till Canceled orders. Traders can place market and limit orders on all markets, including Forex.
İş Yatırım Key Parameters Evaluation
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To become an İş Yatırım client remotely, provide a Kimlik card and confirm your identity by video. This is done in the İş Yatırım mobile app.
Upon installing the app, click the “Become a client (Müşteri Ol)” button and follow the online instructions. To register with the broker, make sure your smartphone supports NFC.
Regulation and safety
İş Yatırım has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
İş Yatırım Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
| SPK (Turkey) | Sermaye Piyasası Kurulu (SPK) – Capital Markets Board of Turkey | Turkey | TL 160,000 | Tier-2 |
İş Yatırım Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker İş Yatırım have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of İş Yatırım with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, İş Yatırım’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
İş Yatırım Standard spreads
| İş Yatırım | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,0 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,1 | 1,4 | 0,5 |
Does İş Yatırım support RAW/ECN accounts?
As we discovered, İş Yatırım does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with İş Yatırım. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
İş Yatırım Non-Trading Fees
| İş Yatırım | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
To trade Forex with İş Yatırım, activate the account on the TradeMaster FX platform. To open it, become the broker’s client — fill in the registration form, provide required documents, and sign the OTC agreement. You can start trading only upon depositing TRY 50,000 as required by the Turkish regulator.
Account types:
Also, the broker offers a demo account in the TradeMaster FX platform. It is a test account type that allows traders to explore the platform and check your trading strategies in conditions as close as possible to real ones without risks of financial losses. Demo account is active within 30 days, however traders can open a new one upon its expiration.
İş Yatırım is one of the largest investment banks of Turkey. Also, it is a financial company that provides a wide range of investment and securities services. It works with retail and institutional traders and investors.
Deposit and withdrawal
İş Yatırım received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
İş Yatırım offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- No withdrawal fee
- No deposit fee
- Bank wire transfers available
- Minimum deposit above industry average
- No bank card option
- BTC not available as a base account currency
What are İş Yatırım deposit and withdrawal options?
İş Yatırım offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making İş Yatırım less competitive for those seeking diverse payment options.
İş Yatırım Deposit and Withdrawal Methods vs Competitors
| İş Yatırım | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are İş Yatırım base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. İş Yatırım supports the following base account currencies:
What are İş Yatırım's minimum deposit and withdrawal amounts?
The minimum deposit on İş Yatırım is $50000 TRY, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact İş Yatırım’s support team.
Markets and tradable assets
İş Yatırım offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 15 Forex pairs.
- Indices trading
- Multiple markets
- Small selection of currency pairs
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by İş Yatırım with its competitors, making it easier for you to find the perfect fit.
| İş Yatırım | Plus500 | Pepperstone | |
| Currency pairs | 15 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products İş Yatırım offers for beginner traders and investors who prefer not to engage in active trading.
| İş Yatırım | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The broker’s clients can contact technical support from 9:00 to 18:00 (GMT+3) Monday through Friday.
Advantages
- İş Yatırım representatives speak Turkish
- Multiple phone lines are available, which eliminates connection delays
Disadvantages
- Technical support isn’t available via live chat or messengers
- Slow response speed when using email
Available communication channels to contact technical support are:
-
Telephone;
-
Email;
-
Fax.
The Contact section of the broker’s website has the form to request assistance by email or phone. Traders can choose a topic and a priority communication channel.
Contacts
| Registration address | İş Yatırım Menkul Değerler A.Ş., Levent Mahallesi, Meltem Sokak İş Kuleleri Kule 2 Kat:13 No:10/14 Beşiktaş İstanbul BEŞİKTAŞ /İSTANBUL |
|---|---|
| Regulation | CMB |
| Official site | https://www.isyatirim.com.tr/ |
| Contacts |
+90 (212) 350 22 22, +90 (212) 350 20 00
|
Education
The İş Yatırım website doesn’t contain any education on Forex, however, the TradeMaster block has the basic information on CFDs. Also, the broker offers a demo account to get practical trading skills and to explore the market in general.
The broker promotes the TradeMaster platform in universities of Turkey. Students can participate in free courses on mastering stock exchange trading on the İş Yatırım platform and execute virtual trades using real market data.
Comparison of İş Yatırım with other Brokers
| İş Yatırım | Eightcap | XM Group | RoboForex | VT Markets | LiteFinance | |
| Trading platform |
TradeMaster FX, TradeMaster International, TradeMaster Mobile, TradeMaster Web | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, MT5, MultiTerminal, Sirix Webtrader |
| Min deposit | $50000 | $100 | $5 | $10 | $50 | $10 |
| Leverage |
From 1:1 to 1:10 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | Yes | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | 7.00% |
| Spread | From 2.1 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.5 points |
| Level of margin call / stop out |
100% / No | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 50% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed review of İş Yatırım
About 67% of shares of İş Yatırım belong to İş Bankası, one of the leading bank institutions of Turkey. Nevertheless, İş Yatırım is an independent brokerage company with a unique range of services and products. It provides access to variable- and fixed-income securities, investment solutions, and OTC markets. İş Yatırım is a reliable broker with many years of experience in providing intermediary services in a legal field of Turkey under supervision of CMB (Capital Markets Board of Turkey).
İş Yatırım by the numbers:
-
28+ years of working on the securities market;
-
Authorized capital is over TRY 1.5 billion;
-
Consolidated capital is over TRY 3 billion;
-
30+ offices;
-
530+ employees.
İş Yatırım is a Turkish stock broker that also allows its clients to trade Forex
İş Yatırım focuses on trading securities and offers access to over 30 markets both domestic (BIST and VIOP) and international through its partners. Trading Forex includes CFDs on 13 currency pairs, XAU/USD, XAG/USD, Brent Crude Oil, and stock indices. Among available indices are Nasdaq 100, Dow Jones (US30), S&P 500, GER30, GER30y, and miniGER30. Leverage for trades with GER30y is 1:5, for other instruments — up to 1:10.
Swaps are charged for all positions transferred overnight. They are positive on short positions with EUR/USD, AUD/USD, EUR/AUD, EUR/GBP, USD/MXN, USD/TRY, gold, and silver, which brings additional income to traders. Long positions on GBP/JPY and USD/CHF also bring profit. Negative swaps are charged for all other instruments, which results in loss of funds.
Useful services offered by İş Yatırım:
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Analytics and market research available on the website;
-
Newsfeeds, market analysis, and fundamental data sent by email;
-
Stock screener, recommendations, and best offers on the market at the moment;
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Newsfeeds with events of Turkey and the world;
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Exchange rates including currencies of developing countries against USD;
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Profitability calculator and the dividend schedule for the ISMEN investment fund.
Advantages:
Trading CFDs from any device in convenient mobile apps;
Floating spreads that are subject to the market volatility;
Demo account for training and testing the broker’s trading conditions;
Numerous branches in different regions of Turkey with professional client service;
Opportunity to place and correct positions by phone.
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