4 more Turkish brokers receive forex licences

Friday, 06/04/2012 | 14:15 GMT by Michael Greenberg
4 more Turkish brokers receive forex licences

4 more new Forex licences were announced today for:

  • Tera Securities
  • Ata Invest Securities
  • GCM Securities
  • X Trade Brokers (XTB) - the first foreign broker to receive such a license

This bring the total number of forex licences granted by the CMB to 11.

Turkish Capital Markets Board began regulating the forex market in August 2011 and has since caused more than 2 dozen foreign brokers to exit the once thriving Turkish forex market.

4 more new Forex licences were announced today for:

  • Tera Securities
  • Ata Invest Securities
  • GCM Securities
  • X Trade Brokers (XTB) - the first foreign broker to receive such a license

This bring the total number of forex licences granted by the CMB to 11.

Turkish Capital Markets Board began regulating the forex market in August 2011 and has since caused more than 2 dozen foreign brokers to exit the once thriving Turkish forex market.

Topics
fx
cmb
regulation
xtb
brokers
trading
forex
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