Capital Markets Board of TurkeyB

ALBMENKUL(License Number: 003)
Halk Fx(License Number: 015)
InvestAZ(License Number: 44)
Meksa(License Number: 021)
Ncm Uae(License Number: 022)
Vakif FX(License Number: 25)
Marbas(License Number: --)

Institutional:
The Turkish Capital Markets Committee (CMB) is the regulator of the Turkish securities market. It is a government regulator authorized by the Turkish Capital Markets Act. It was formally established in 1982 to supervise the Turkish capital market as well as trading instruments and institutions.

Mission:
Innovate regulations to ensure the fairness, efficiency and transparency of Turkey's capital markets and enhance the international competitiveness of Turkey's capital markets.

Organization Goals:
1. Strengthen protection for investors
2. Draw lessons from international capital market rules and incorporate them into laws and regulations
3. Improve the efficiency of both supply and demand in the market
4. Promoting fair and open capital markets
5. Modernize the market structure
6. Strengthen capital market infrastructure
7. Improve the quality of work projects and committee staff

Leverage limits
The Turkish Capital Markets Committee CMB announced in early February 2017 that investors should have a minimum deposit of 50,000 lira, or about $13,500, in their accounts, with a 10:1 leverage limit.

To verify a broker's licensing status in Turkey, investors can access CMB's database via the provided link https://spk.gov.tr/faaliyet-izinleri/araci-kurumlar.

Click on the search bar labeled "Kurum Seçiniz", which is titled "Araci Kurum". This will prompt a drop-down list of brokerage firms. You can then check if your target broker is included in the list. Select the name of the entity and click the button labeled "Göster" located beside the search bar. The details of the selected company will then be displayed below these search bars.

Alternatively, you can directly click on the link labeled "Tüm Faaliyet İzinleri Listesi için tıklayınız." This means "Click here for the List of All Activity Permits", which provides you the complete list of firms.

Note: Recently, it appears that the English version of CMB is undergoing some issues. As a result, successful searches can currently only be conducted on the Turkish version.

Here are the translations of the relevant keywords. Please note that these translations are sourced from Google Translate and are intended for reference purposes only.
1) Aracı Kurum Faaliyet İzinleri: Brokerage Institution Operating Permits
2) Aracı Kurum: Brokerage Institution
3) Kurum Seçiniz: Select Institution
4) Kurum Statüsü: Institution Status
5) Faaliyet İzni Türü: Activity Permit Type
6) Tür Seçiniz: Select Type
7) Ünvan: Title
8) Kurum Durumu: Institution Status
9) Belge Durumu: Document Status
10) Aktif: Active
11) Aktif Değil: Inactive
12) Geçici Kapalı: Temporarily Closed

The Turkish CMB accepts complaints and helps settle disputes between investors and financial companies.

1. In Turkey, the complaint should be registered on the CMB account: https://www.spk.gov.tr/Sayfa/Index/4

2. Dispute Settlement

Where to Apply:
The dispute about the stock market: https://www.borsaistanbul.com/urunler-ve-piyasalar/duzenlemeler/uyusmazlik ,
The stock market dispute: https://www.tspb.org.tr/tr/tspb-musteri-uyusmazliklari-hakem-heyeti/