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Turkey Bans All Accounts and Trading with Foreign Retail FX Brokers
3 Jul 2017, Ankara, Turkey - LeapRate - LeapRate has learned that the Turkish government is issuing new regulations, which will make it illegal for Turkish residents to hold accounts or trade leveraged Forex or CFD products with foreign brokers not licensed by the country's Capital Markets Board (CMB). Turkey has been slowly tightening the screws when it comes to leveraged trading in general and FX speculation specifically.
Turkey to Block Leveraged FX trade via Firms Abroad
17 Mar 2017, Ankara, Turkey - Anadolu Agency - Government committed to barring Turkish citizens from trading via foreign exchange brokers, Deputy PM says. The government is working on a new regulation to prevent Turkish citizens from investing in leveraged foreign exchange markets through firms based abroad, Deputy PM Nurettin Canikli said. Speaking at Anadolu Agency's Editors' Desk in Ankara on Thursday, Canikli said the Turkish government was . . .
Capital Markets Board's Recent Amendments Regarding The FX Markets In Turkey
15 Feb 2017, Ankara, Turkey - mondaq - Turkish Capital Markets Board (CMB) has introduced a couple of amendments to its Communique on Principles for the Investment Services, Activities and Ancillary Services No. III-37. 1 in relation to the leveraged forex trading transactions by setting a minimum margin of TL 50,000 in leveraged transactions and reducing the leverage from 100:1 to 10:1. CMB also allows a transition period of 45 days for the . . .
New Capital Markets Board of Turkey Leverage Cut and Deposit Requirements Shake Turkish Brokers
10 Feb 2017, Ankara, Turkey - AtoZ Forex - Today's Forex news has shaken Turkish Forex Brokers as new client acceptance as well as trading requirements have been changed. The New Capital Markets Board of Turkey leverage cut and deposit requirements will make already tough Turkish Forex Market even tougher. The day starts with the Capital Markets Board of Turkey leverage cut and deposit requirements update. The new update covers key margin changes . . .
CMB Fines Venbey Yatirim: $113K
19 Oct 2016, Istanbul, Turkey - AtoZ Forex - Following the news about the Turkish broker Venbey Yatirim and the armed clients of the broker, storming its offices in Turkey earlier this month, new details are coming in, as the Capital Markets Board of Turkey (CMB) fines Venbey Yatirim. Turkish financial regulator has informed the public that it has fined Venbey Yatirim after it has performed an on-site inspection of the company's offices and . . .
Turkey's CMB Fines A1FX, Invest AZ and Six Other Forex Brokers for Offering HIgh Leverage
4 Feb 2016, Ankara, Turkey - SMN Weekly - The Capital Markets Board (CMB), the regulatory authority of Turkey, has ordered eight local forex brokers to pay penalties in the combined amount of TRY 345,408 for providing leverage ratios higher than the regulated maximum, forexbrokerleri.com, an online media for Turkish broker news, said on Wednesday. Two of the brokers Ata Yatirim Menkul Kiymetler and Meksa Yatirim Menkul Degerler, were each fined . . .
Turkish Regulator Reduces Leverage for Small Accounts
14 Jan 2016, Ankara, Turkey - Finance Magnates - Turkey's CMB has abruptly imposed a series of margin changes for all small accounts in the country. Turkish brokers and market participants were abruptly greeted with a new playing field today, with a number of key margin changes implemented to small-cap accounts, Finance Magnates has learned. In particular, Turkey's Capital Markets Board (CMB), the country's paramount regulatory authority, has . . .
Capital Markets Board Blocks Access to MXTrade's Turkish Website
29 Dec 2015, Ankara, Turkey - LeapRate - After getting regulatory warnings in Italy and Cyprus earlier this year, Forex broker MXTrade has locked horns with Turkey's vigilant financial regulator the Capital Markets Board (CMB). In its latest bulletin, which was out on Monday, December 28, 2015, the regulator announced sanctions against the brokerage. The regulator said it had conducted an investigation into the activities of the company, with the . . .
Turkish Regulator Awards License to Forex Broker Alan Menkul
9 Sep 2015, Ankara, Turkey - LeapRate - Turkey has a fast growing but tightly regulated Forex market. Only a handful of companies have been able to meet the criteria of the stringent Capital Markets Board (CMB) of Turkey and obtain the necessary permissions to operate as Forex brokers in the country. That is why, when the latest news bulletin by the watchdog showed a piece of news in this respect, LeapRate could not leave its readers aside and . . .
Turkey's CMB Imposes $30,000 Fine on Isik Menkul
31 Aug 2015, Ankara, Turkey - LeapRate - The Capital Markets Board (CMB) of Turkey is widely known as one of the most rigid regulators for the Forex industry. Although the retail Forex industry in Turkey is growing, it also remains under the tight lid of the watchdog. The CMB has just published a news bulletin, detailing its recent actions, with one of them concerning investment services provider Isik Menkul Degerler, parent of retail Forex . . .