Best Brokers With TRY Accounts 2025
Dig into our top brokers offering TRY accounts after testing, designed to reduce conversion fees and optimize the trading experience for traders in Turkey.
WriterJames Barra
Fact CheckerTobias Robinson
Brokers With:
Turkish Lira (TRY)
Showing top 3 of 3 matching brokers.
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1Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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2Founded in 2001, easyMarkets is known as a reliable fixed spread broker. Over the years, it has improved its tools, such as adding the MetaTrader suite and TradingView, and enhanced its unique risk management tools like dealCancellation, distinguishing it from competitors.
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3Founded in 1996, Swissquote is a Swiss bank and broker offering online trading with three million products, including forex, CFDs, futures, options, and bonds. Known for its reliability, Swissquote has built a strong reputation with innovative trading solutions, such as being the first bank to offer crypto trading in 2017 and recently introducing fractional shares and the Invest Easy service.
Compare Brokers With TRY Accounts
| Broker |  |
Payment Methods |
|---|---|---|
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Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Maestro, Mastercard, Neteller, Skrill, Visa, Wire Transfer | |
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AstroPay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Perfect Money, Sticpay, UnionPay, Visa, WebMoney, Wire Transfer | |
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Credit Card, Debit Card, Mastercard, Visa, Wire Transfer | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | 1:200 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 |
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✓ | $25 | 0.01 lots | 1:2000 1:30 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | easyMarkets App, Web Platform, MT4, MT5, TradingView, TradingCentral |
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✓ | $1,000 | 0.01 Lots | 1:100 (Retail), 1:400 (Pro) | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) | CFXD, MT4, MT5, AutoChartist, TradingCentral |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With TRY Accounts 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✓ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With TRY Accounts 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With TRY Accounts 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $25 | 0.01 lots | ✗ | ✗ | ||
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✓ | $1,000 | 0.01 Lots | ✓ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With TRY Accounts 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:2000 1:30 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✗ | ✓ | ✓ | ✗ | 1:100 (Retail), 1:400 (Pro) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With TRY Accounts 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 1.75%, GBP: 2%, EUR: 1.5%, CHF: 0.75% | ✓ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With TRY Accounts 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With TRY Accounts 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✓ | $25 | 0.25 (Apple) | 0.7 | 62 (BTC) | |
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✗ | $0 | N/A | 1.3 | 71 BTC (Prime Account) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With TRY Accounts 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Dukascopy |
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| easyMarkets |
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Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
Cons
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
Why Trade With easyMarkets?
easyMarkets offers fixed spreads starting at 0.7 pips, making it ideal for beginners needing predictable costs. With a Bitcoin-based account, it's also a great choice for crypto traders wanting to deposit, trade, and withdraw in digital currencies.
Pros
- With over 20 years in the industry, multiple awards, and approval from two top regulators, easyMarkets maintains its reputation as a secure broker for active traders.
- easyMarkets prioritizes risk management with negative balance protection, guaranteed stop losses, and dealCancellation (updated in 2024 to cover 1, 3, or 6-hour periods) in the Web Trader.
- Unlike variable spreads offered by most brokers we've tested, easyMarkets offers fixed spreads from 0.7 pips. This makes trading costs predictable, benefiting beginners and those trading in volatile markets.
Cons
- easyMarkets lags as it lacks the copy trading features offered by category leader eToro. These features are popular among newcomers wanting to follow the strategies of experienced traders.
- easyMarkets offers comprehensive educational resources for beginners but does not meet advanced traders' needs. The Academy includes well-organized courses and engaging gamification, but the content is not detailed enough.
- easyMarkets does not provide a zero-spread account like Pepperstone. This can be a disadvantage for traders and high-frequency traders who need low transaction costs.
Go to easyMarkets
67% of retail accounts lose money with this provider.
Why Trade With Swissquote?
Swissquote is a great option for active traders seeking a customizable platform, like its CXFD that includes Autochartist for automated chart analysis to assist trading decisions. However, its average fees and high $1,000 minimum deposit may be less accessible for beginners.
Pros
- Swissquote offers advanced research tools such as Autochartist for technical analysis and real-time news integration from Dow Jones. Their proprietary Market Talk videos and Morning News reports provide daily expert analysis, which is attractive to active traders.
- Swissquote offers robust platforms for trading, including MetaTrader 4/5 and its proprietary CFXD (formerly Advanced Trader). These platforms provide customizable layouts, advanced charting tools, and technical indicators, all of which performed well in testing.
- Swissquote caters to fast trading strategies like scalping and high-frequency trading, offering 9ms average execution speeds, a 98% fill rate, and FIX API.
Cons
- Swissquote mainly serves professional and wealthy clients, requiring high minimum deposits like $1,000 for Standard accounts. This makes it less suitable for smaller traders, who might prefer brokers offering higher leverage and no minimum deposit.
- Unlike brokers like eToro, which offer social trading features, Swissquote lacks tools for community interaction or copying successful traders. This limits its appeal for those who value peer learning.
- Analysis indicates Swissquote has relatively high fees, with forex spreads starting at 1.3 pips on Standard accounts, whereas Pepperstone and IC Markets offer 0.0 pips. Transaction fees for non-Swiss stocks and ETFs can increase costs for frequent traders.
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Methodology
To identify the best brokers offering TRY-denominated accounts, we leveraged our regularly updated database, which encompasses hundreds of online brokers worldwide.
We focused on platforms that allow clients to deposit, withdraw, and trade in Turkish lira (TRY).
Rankings were determined based on their overall ratings, drawing on our in-depth analysis of 200+ metrics. These included costs, platform performance, regulatory compliance, and ease of access for Turkish traders, supplemented by the feedback from our hands-on testers.
What Is a TRY Account?
A TRY account is a trading account where all transactions, profits, and losses are recorded in Turkish lira.
As Turkey’s official currency, the lira is widely used by local traders, but not all brokers offer TRY-denominated accounts. In fact, less than 5% of providers we’ve evaluated support a TRY trading account.
Most international brokers primarily operate in USD or EUR, making it essential to find one that supports TRY if you want to avoid unnecessary conversion fees.
TRY accounts provide several key advantages:
- Avoiding Currency Conversion Costs: Depositing and withdrawing in TRY can eliminate foreign exchange fees, which is particularly beneficial for Turkish traders who bank in lira.
- Protection Against Exchange Rate Fluctuations: Given the volatility of the Turkish lira, a TRY account helps traders avoid losses from constant currency conversions when trading domestic assets.
- Seamless Trading of Turkish Financial Instruments: Having a TRY account simplifies investments in Turkish stocks, bonds, ETFs, and other assets listed on Borsa İstanbul (BIST).
How Do I Open a TRY Account?
Opening a TRY trading account requires selecting a broker that supports lira-based transactions. Here are the key steps:
- Choose a Broker: Select a broker offering TRY as a base currency option. Consider factors such as fees, platform usability, available Turkish assets, and whether the broker is regulated by a trusted regulator like the Cyprus Securities & Exchange Commission (CySEC).
- Register an Account: Complete the broker’s onboarding process, which typically requires proof of identity and address verification in compliance with Turkish and international regulations.
- Select TRY as Your Base Currency: During account setup, choose TRY as your preferred account currency to ensure transactions occur in Turkish lira.
- Fund Your Account: Deposit funds in TRY via local bank transfers, domestic solutions like Papara, or other regionally available payment methods. Some brokers may allow deposits in other currencies with automatic conversion to TRY.
- Start Trading: Once your account is funded, you can begin trading Turkish and global financial assets with minimal currency conversion fees.
For example, below you can see how I set up a TRY trading account at Swissquote.
Configuring a TRY account at Swissquote
Should I Use a TRY Trading Account?
A TRY trading account may be ideal for you if the following apply:
- You Live in Turkey: A TRY account aligns with your domestic currency, making deposits, withdrawals, and tax reporting much simpler.
- You Trade Turkish Stocks and ETFs: If you invest in companies listed on Borsa İstanbul (BIST) or trade Turkish bonds and ETFs, using a TRY account reduces currency conversion fees.
- You Want to Hedge Against Currency Fluctuations: Given the lira’s historic volatility, holding a TRY-denominated account can help reduce risks associated with frequent foreign exchange transactions.
- You Use Turkish Payment Methods: Brokers that support TRY accounts may integrate local banking options such as EFT/Havale, Papara, and FastPay, potentially making transactions smoother and more cost-effective.
What Are the Limitations of a TRY Trading Account?
- Limited Broker Availability: The vast majority of international brokers do not offer TRY as a base currency from our analysis, which restricts options for Turkish traders.
- Higher Costs for Non-TRY Assets: If you trade assets denominated in USD, EUR, or GBP, you may face currency conversion fees when executing trades.
- Currency Volatility: The Turkish lira is known for its wild price fluctuations, which can impact profits when trading internationally.