FXTCR

WikiFX | 2024-11-14 11:04

الملخص：Established in Turkey, FXTCR is an unregulated forex trading platform catering primarily to Turkish users. It offers a range of trading products through its MetaTrader 4 platform, including Forex Pairs, Commodities, and Indices. Traders can get demo accounts to gain knowledge about the market more quickly by gaining experience in the trial account before trading with their real accounts in the markets.

FXTCR Review Summary
Founded	2011
Registered Country/Region	Turkey
Regulation	No Regulation
Market Instruments	Forex Pairs, Commodities, and Indices
Demo Account	✅
Leverage	Up to 1:100
EUR/USD Spread	From 1.5 pips
Trading Platform	MetaTrader 4 (MT4)
Min Deposit	$50,000
Customer Support	Tel: +90 0850 251 4040
	Fax: +90 (212) 282 09 98
	Email: fxtcr@tacirler.com.tr
	Address: Nispetiye Cad. B3 Blok Kat 9 Akmerkez Etiler / İSTANBUL
	Social media

Established in Turkey, FXTCR is an unregulated forex trading platform catering primarily to Turkish users. It offers a range of trading products through its MetaTrader 4 platform, including Forex Pairs, Commodities, and Indices. Traders can get demo accounts to gain knowledge about the market more quickly by gaining experience in the trial account before trading with their real accounts in the markets.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
A wide range of trading products	High minimum deposit
Multiple contact channels	Limited payment options
Flexible leverage ratios
MT4 platform

Is FXTCR Legit?

At present, FXTCR lacks valid regulation. Its domain was registered on Sep 26, 2011, and the current status is “ok”. Please pay high attention to the safety of your funds if you decide to choose this broker.

What Can I Trade on FXTCR?

On FXTCR, you can trade with Forex Pairs, Commodities, and Indices.

Forex Pairs: Major and minor currency pairs.

Indices: Major global indices.

Commodities: Including metals and energy products.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

FXTCR provides demo accounts and real accounts for clients. You can gain knowledge about the market more quickly by gaining experience in the trial account before trading with your real account in the markets. In the trail account, you can watch real market movements and perform your transactions in the forex market by learning the real trading conditions.

Leverage

The maximum leverage is 1:100 for GBPUSD, while for EURUSD, the leverage is 1:10, quite low. Note that high leverage can amplify not only profits but also losses.

Spread and Commission

For major currency pairs, the spreads are as follows:

EUR/USD: 1.5 pips
GBP/USD: 2.09 pips
USD/TRY: 13.04 pips

FXTCR does not explicitly charge a commission on trades as their trading costs are primarily built into the spread. However, for certain account types or specific trading conditions, additional fees might apply, which traders should verify based on their chosen account and trading strategy.

Trading Platform

FXTCR offers Meta Trader 4 for trading. MT4 is known for its user-friendly interface, advanced trading capabilities, and robust charting tools, available on both desktop and mobile (iOS and Android).

Deposit and Withdrawal

Deposit

Deposit Option	Min Deposit	Supported Currencies	Processing Time
Bank Transfer	50,000 USD	Turkish Lira (TRY) and US Dollars (USD)	/

Withdrawal

Withdrawal Options	Min Withdrawal	Fee	Processing Time
Bank Transfer	/	/	vary depending on the bank and currency, typically taking a few business days