Independent rating of Forex broker FXTCR

About company

FXTCR is an intermediary firm owned by Tacirler Holding A.Ş corporation. The broker’s headquarters are in Istanbul, Turkey. FXTCR is regulated by the Capital Markets Board of Turkey (CMB). This financial authority has the power to conduct comprehensive audits of regulated companies related to systematic complaints from clients. The regulator also has several departments that control certain activity areas of supervised brokers. The Capital Markets Board has the Insurance Fund that pays compensation to traders who become victims of brokers’ fraudulent activity. In accordance with the Turkish legislation, intermediary firms are not allowed to offer their services in the country without a CMB license. On top of that, the regulator is known for tough prohibitions and revocations of licences. These facts prove the CMB authority among both brokers and traders.

Trading conditions

• single trading account
• Forex, indices, CFDs, commodities
• MetaTrader 4
• demo account
• FAQ section on website
• expert advisors
• economic calendar, glossary, video reviews in Turkish

Trading platform

FXTCR offers its clients the choice of two trading platforms - MetaТrader 4 and FXTCR Pro. MetaTrader 4 is a well-known and popular trading platform among traders. It is designed to display real time quotes. The trading platform provides access to advanced technical analysis tools and the use of detailed charts. MetaQuotes Language 4 (MQL4) is an integrated programming language of MetaTrader 4. It allows users to develop trading robots, technical indicators, scripts, and function libraries on MT4. MetaТrader 4 users also have access to automated trading operations. With the help of the expert advisor, traders can conduct automated trading based on customized settings. FXTCR Pro is the company's own trading platform. According to the broker, it has no equals in Turkey. With the help of FXTCR Pro, traders can close all orders in one click and track alarms based on variables. Additionally, the trading platform provides access to various types of orders, detailed transaction statistics, and useful account summaries.

Support service

Clients can contact the FXTCR managers through a feedback form, email, or by calling the phone number indicated on the company's official website. The support service works on a 24-hour basis.

Traders’ reviews

Mostly, the comments of traders about FXTCR on the Web are positive. Traders praise the company for a vast array of trading instruments, speedy order execution, and the timely response from its support service. The broker's license and government regulation inspire high confidence among traders.

Advantages:

• regulated broker
• good spreads
• demo account
• MetaTrader 4
• vast array of positive reviews
• expert advisors
• 24-hour support service

Disadvantages:

• low leverage
• high minimum deposit
• deposits only via wire transfers