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No Regulation
Score
1.53 /10
Danger
FXTCR
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.19
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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 :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| 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 |
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