Ziraat FX

Turkey-based Ziraat FX is an unregulated trading platform that was founded in 2002. It provides forex and CFDs trading through their MT5 trading platform. To assist traders in better understanding market dynamics and refining their trading tactics, Ziraat FX offers instructional tools.

Pros and Cons

Is Ziraat FX Legit?

Ziraat FX has no regulations. As there are no external bodies ensuring the platform's compliance with financial regulations, protecting user funds, or maintaining ethical trading practices.

What Can I Trade on Ziraat FX?

Ziraat FX offers forex trading including major currency, precious metals, crosses, and exotics. Also, it offers CFDs trading on stock, indices, commodities, and forex.

Account Type

Ziraat FX provides only forex accounts and demo accounts. To begin trading, you must maintain a minimum balance of 50,000 TL or its equivalent in foreign currency in your account. According to CMB regulations, your real account will only be activated after you have utilized the demo account for at least 6 business days and completed a minimum of 50 trades.

Leverage

LTI offers forex trading with a leverage of 1:10, which means traders can control a larger position with a relatively small capital investment. This lower leverage ratio reduces the initial capital requirement.

Ziraat FX Fees

Ziraat FX charges transportation cost and target spreads for different forex products. e.g.:

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Trading Platform

Ziraat FX offers MT5 trading platform, with the support of Desktop, Mobile, and Internet terminals. MT5 trading platforms offers one-click trading, more timeframes, and advanced tools for technical analysis, along with the ability to follow news and market developments directly on the chart. The platform also provides depth of market viewing, a wide range of indicators, and enhanced autotrading capabilities.

Deposit and Withdrawal

Ziraat FX requires USD as the sole form of collateral.

DepositFunds:The quickest method to transfer collateral to your Forex account is through Ziraat Banks Internet Branch or Ziraat Mobile app. Utilize the “Send USD to Leverage Account” feature to deposit USD from your Ziraat Bank USD account directly to your ZiraatFX account.

WithdrawFunds:To withdraw collateral, you can either call the ZiraatFX Support line at 0212 339 80 40 between 09:00 and 12:30 on weekdays or send your request via email to ziraatfx@ziraatyatirim.com.tr using the email address provided in your contract. This process allows you to transfer USD from your Forex account back to your bank account.