Score

1.52 /10
Danger

AKBANK

Suspicious Regulatory License

Global Business

High potential risk

AAA

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.11

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

AKBANK · Company summary
AKBANK Review Summary
Founded 1948
Registered Country/Region Turkey
Regulation No Regulation
Products & Services Loans, Cards, Deposit & Investment, Digital Banking, Transfers & Payments, Insurance & Pension, Campaigns
Demo Account Unavailable
Customer Support Phone Number: 444 25 25
Registered E-Mail (KEP) address: akbank@akbank.hs03.kep.tr
Headquarters: Akbank Headquarters, Sabancı Center 4.Levent 34330 Istanbul
  • Twitter: https://twitter.com/akbank
  • Facebook: https://www.facebook.com/akbank
  • Instagram: https://instagram.com/akbank
  • YouTube: https://www.youtube.com/user/akbank
  • Linkedin: https://www.linkedin.com/company/akbank
Live chat

What is AKBANK?

Akbank, officially known as Akbank T.A.Ş., is one of the leading banks in Turkey. It was founded in 1948 as a privately-owned commercial bank. It provides various products and services, including loans, cards, deposit and investment accounts, digital banking solutions, transfers and payments, insurance, and pension plans. Despite lacking valid regulation, AKBANK strives to cater to the diverse financial needs of its customers through comprehensive digital banking services, convenient transfers and payments options, and multiple contact channels for customer support.

AKBANK's homepage

Pros & Cons

Pros Cons
  • Diverse Range of Financial Products
  • No Regulation
  • Multiple Contact Channels for Support

Pros:

  • Diverse Range of Financial Products: AKBANK offers a wide array of financial products and services, catering to various needs such as loans, cards, deposit accounts, investments, insurance, and more.

  • Multiple Contact Channels for Support: AKBANK offers multiple channels for customers to contact support, including phone, email, social media, and live chat, enhancing customer satisfaction and support experience.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

Is AKBANK Safe or Scam?

AKBANK currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Products & Services

AKBANK provides a diverse range of financial products and services spanning various asset classes to meet the diverse needs of its customers. These include:

  • Loans: AKBANK offers a variety of loan products tailored to meet different financial needs, such as personal loans, home loans, auto loans, and more.

loan
  • Cards: Customers can benefit from a range of card products, including credit cards, debit cards, and prepaid cards, offering convenience and flexibility for everyday transactions.

card
  • Deposit & Investment: AKBANK provides opportunities for customers to save and invest their money through various deposit accounts and investment products, allowing them to grow their wealth over time.

Deposit & Investment
  • Digital Banking: With AKBANK's digital banking services, customers can conveniently manage their accounts, conduct transactions, and access banking services online or through mobile applications.

Digital Banking
  • Transfers & Payments: AKBANK facilitates seamless transfers and payments, both domestically and internationally, enabling customers to send money, pay bills, and manage their finances efficiently.

Transfers & Payments
  • Insurance & Pension: AKBANK offers insurance products to protect customers against various risks, including health insurance, life insurance, and property insurance. Additionally, the bank provides pension solutions to help customers plan for their future financial security.

Insurance & Pension
  • Campaigns: AKBANK periodically launches campaigns and promotions to offer special benefits and incentives to its customers, enhancing the value proposition of its products and services.

Campaigns

Customer Service

AKBANK provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone Number: 444 25 25

  • Registered E-Mail (KEP) address: akbank@akbank.hs03.kep.tr

  • Headquarters: Akbank Headquarters, Sabancı Center 4.Levent 34330 Istanbul

  • Social media:

    • Twitter: https://twitter.com/akbank

    • Facebook: https://www.facebook.com/akbank

    • Instagram: https://instagram.com/akbank

    • YouTube: https://www.youtube.com/user/akbank

    • Linkedin: https://www.linkedin.com/company/akbank

  • Live chat

live chat

Education

AKBANK provides educational resources through its blog platform. This initiative aims to empower customers with valuable insights, tips, and information related to personal finance, banking, investments, and other relevant topics. By offering educational content via its blog, AKBANK seeks to enhance financial literacy among its customers and help them make informed decisions about their financial well-being.

AKBANK Blog

Conclusion

In conclusion, AKBANK offers a diverse range of financial products and services tailored to meet the needs of its customers. While the bank provides comprehensive customer support through various channels, the absence of regulatory oversight underscores the importance of ensuring consumer protection. Therefore, individuals considering banking with AKBANK should carefully evaluate the risks associated with its unregulated status before engaging in financial transactions.

Frequently Asked Questions (FAQs)

Q 1: Is AKBANK regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does AKBANK offer demo accounts?
A 2: No.
Q 3: What products and services does AKBANK offer?
A 3: Loans, Cards, Deposit & Investment, Digital Banking, Transfers & Payments, Insurance & Pension, Campaigns.
Q 4: Is AKBANK a good broker for beginners?
A 4: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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