Brokers With TRY Accounts
The Turkish lira is the local currency of Turkey and Northern Cyprus and has the currency code TRY. As forex trading increases in popularity, Turkish traders are looking to open accounts with TRY as the base currency. In this tutorial, we run through the top brokers with TRY accounts. Plus, we’ve explained the pros and cons of TRY trading accounts and provided a guide to comparing providers.
Brokers With TRY Accounts
These are the 6 best brokers that offer accounts with TRY as the base currency:
Here is a summary of why we recommend these brokers in March 2025:
- Dukascopy - Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.
- Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.
- easyMarkets - Established in 2001, easyMarkets has made for a name for itself as a trusted, fixed spread broker. Improvements to its tools over the years, from adding the MetaTrader suite and TradingView to enhancing its exclusive risk management tools like dealCancellation, mark it out from the competition.
- Bybit - Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.
- Swissquote - Established in 1996, Swissquote is a Switzerland-based bank and broker that offers online trading on an industry beating three million products, from forex and CFDs to futures, options and bonds. Highly trusted, it has built a strong reputation through innovative trading solutions, from becoming the first bank to offer crypto trading in 2017 to more recently launching fractional shares and its Invest Easy service.
- Bitfinex - Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 180 cryptocurrencies and more than 430 market pairs available for spot or perpetual swaps derivatives trading. With new payment methods, lower entry barriers and fresh products like crypto futures, Bitfinex is attracting a wider range of active crypto traders.
Brokers With TRY Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
| Dukascopy | $100 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 |
| Zacks Trade | $2500 | Stocks, ETFs, Cryptos, Options, Bonds | Own |
| easyMarkets | $25 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | easyMarkets App, Web Platform, MT4, MT5, TradingView, TradingCentral |
| Bybit | $0 | Cryptos, Futures | MT4, TradingView |
| Swissquote | $1,000 | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) | CFXD, MT4, MT5, AutoChartist, TradingCentral |
| Bitfinex | $0 | Cryptocurrencies | Web Platform, Quantower |
Dukascopy
"If you’re an experienced trader, Dukascopy provides the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the peace of mind of using a Swiss-regulated bank and broker."
Christian Harris, Reviewer
Dukascopy Quick Facts
| Bonus Offer | 10% Equity Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options |
| Regulator | FINMA, JFSA, FCMC |
| Platforms | JForex, MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:200 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN |
Pros
- Dukascopy features some of the best research we’ve seen, even a professional TV studio in Geneva covering financial news, market analysis, and daily insights from professionals.
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as both a broker and a bank, ensuring top-tier financial security and adherence to strict standards.
- The proprietary JForex platform is highly advanced, offering tools for algorithmic trading, extensive charting, and access to deep liquidity for short-term traders.
Cons
- While Dukascopy provides some educational resources and 24/7 support, the complexity of its platforms and tools required extensive testing and may overwhelm newer traders.
- Some account types, such as the MT4/MT5 accounts, require a higher minimum deposit of $1,000, which may not be ideal for traders with smaller budgets.
- While JForex is feature-rich, it has a steep learning curve, making it less suitable for beginner traders who might prefer simpler platforms.
Zacks Trade
"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer
Zacks Trade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, ETFs, Cryptos, Options, Bonds |
| Regulator | FINRA |
| Platforms | Own |
| Minimum Deposit | $2500 |
| Minimum Trade | $3 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF |
Pros
- Regulated by FINRA with access to the Securities Investor Protection Corporation
- Demo account
- Comprehensive research and data
Cons
- Withdrawal fees apply if removing funds more than once per month
- No forex, commodities or futures trading
- Shortcomings regarding platform loading times and technical glitches
easyMarkets
"easyMarkets provides fixed spreads starting at 0.7 pips, making it an excellent choice for beginners seeking predictable trading costs. After adding a Bitcoin-based account, it’s also a stand-out option for crypto-focused traders who want to deposit, trade, and withdraw in digital currencies."
easyMarkets Quick Facts
| Bonus Offer | 50% Deposit Bonus Or Up To A $2000 Tradable Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | CySEC, ASIC, FSCA, FSC, FSA |
| Platforms | easyMarkets App, Web Platform, MT4, MT5, TradingView, TradingCentral |
| Minimum Deposit | $25 |
| Minimum Trade | 0.01 lots |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, CZK, MXN, CNY |
Pros
- easyMarkets added Bitcoin as a base currency in 2019. This marks it out against most of the market and eliminates the need to convert crypto to fiat, reducing conversion fees and simplifying management for crypto-focused traders.
- easyMarkets takes risk management seriously, with negative balance protection plus guaranteed stop losses and its dealCancellation (enhanced in 2024 to include periods of 1, 3, or 6 hours) in the Web Trader.
- Unlike variable spreads offered by 90%+ of brokers we've tested, easyMarkets provides fixed spreads from 0.7 pips. This makes trading costs predictable, a significant advantage for beginners and those trading in volatile markets.
Cons
- easyMarkets is falling behind by not providing the copy trading features you get at category leader eToro, which are popular among beginners looking to follow the strategies of experienced traders.
- easyMarkets does not offer a zero-spread account like Pepperstone, which can be a drawback for day traders and high-frequency traders who require minimal transaction costs.
- While easyMarkets provides solid educational resources for beginners, they fall short for advanced traders. The Academy offers well-structured courses and engaging gamification, but the overall content lacks depth.
Bybit
"Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives."
Bybit Quick Facts
| Bonus Offer | Up To 4030 USDT Welcome Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Cryptos, Futures |
| Platforms | MT4, TradingView |
| Minimum Deposit | $0 |
| Minimum Trade | 0.001 Lots |
| Account Currencies | EUR, GBP, TRY, RUB |
Pros
- Best-in-class market depth, minimum price impact trade execution
- Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
- Increased profit potential with leverage up to 1:100
Cons
- Residents of some countries are restricted from opening an account, including clients from the US
- Bybit is not currently regulated in any country
Swissquote
"Swissquote is an excellent choice for active traders looking for a customizable platform, such as its CXFD, which integrates Autochartist for automated chart analysis to aid trading decisions. However, its average fees and steep $1,000 minimum deposit might make it less accessible for beginner traders."
Swissquote Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) |
| Regulator | FCA, FINMA, CSSF, DFSA, SFC, MAS, MFSA, CySEC, FSCA |
| Platforms | CFXD, MT4, MT5, AutoChartist, TradingCentral |
| Minimum Deposit | $1,000 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:100 (Retail), 1:400 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, AED, SAR, HUF, THB, QAR, MXN |
Pros
- Swissquote supports powerful platforms for day trading, such as MetaTrader 4/5 and its own CFXD (previously known as Advanced Trader) which impressed during testing with customizable layouts and access to advanced charting tools and technical indicators.
- Swissquote is built for fast-paced trading strategies like day trading, scalping and high-frequency trading with 9ms average execution speeds, a 98% fill ratio, and FIX API.
- Swissquote is highly trusted owing to its position as a bank, its listing on the Swiss stock exchange, and authorization from trusted bodies like FINMA in Switzerland, FCA in the UK, and CSSF in Luxembourg.
Cons
- Swissquote primarily caters to pro and high-net-worth clients, with high minimum deposit requirements (eg $1,000 for Standard accounts), making it less suited for smaller traders who can find higher leverage at the growing number of brokers with no minimum deposit.
- Unlike brokers such as eToro with social trading features, Swissquote lacks tools for community engagement or copying successful traders, limiting its appeal for those who value peer-to-peer learning.
- Analysis shows Swissquote’s fees are on the high side, with forex spreads starting at 1.3 pips on Standard accounts, compared to 0.0 pips at brokers like Pepperstone or IC Markets. Transaction fees for non-Swiss stocks and ETFs can also add up for frequent traders.
Bitfinex
"With its growing token selection, advanced charting tools and volume-based fee structure, Bitfinex is a compelling choice for frequent crypto traders. However, testing reveals a daunting platform for newer day traders, hit-and-miss education and regulatory fines that raise safety concerns."
Bitfinex Quick Facts
| Bonus Offer | Referral Codes |
|---|---|
| Demo Account | Yes |
| Instruments | Cryptocurrencies |
| Platforms | Web Platform, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | $10 |
| Account Currencies | USD, EUR, GBP, JPY, TRY |
Pros
- Despite a steep learning curve, the Bitfinex trading platform delivers for experienced traders, featuring a comprehensive charting package with 12 timeframes, plus margin trading and various order types.
- After bolstering its roster, Bitfinex now offers access to over 180 cryptocurrencies, from Bitcoin and Ethereum to emerging altcoins with high levels of volatility that may appeal to day traders.
- Bitfinex boasts excellent liquidity across its crypto trading pairs, reducing the likelihood of slippage and ensuring efficient order execution, particularly for large volume trades, making it reliable for frequent traders.
Cons
- For occasional crypto traders and investors prioritizing simplicity, platforms like eToro, Gemini, or Kraken are superior options.
- Testing reveals inadequate support, especially for active traders, with response times of 12 hours via email and a frustrating user experience with no live chat integrated into the trading platform.
- Like many crypto exchanges, Bitfinex operates in a regulatory grey area, which may pose risks for traders, especially compared to trusted crypto trading platforms like eToro.
What Is A TRY Account?
There is a growing market for the Turkish lira as the deposit currency for trading accounts. Turkey’s economy has seen strong growth in comparison to neighbouring countries. This has meant a wealth of traders looking to purchase stocks, shares and forex pairs using TRY.
Opening a TRY account means that all trades will be made using the lira as the base currency. Any stocks, shares or CFDs will have a purchase price quoted in TRY. Commission fees or other charges will be quoted in lira too.
TRY Explained
TRY is the currency code for the Turkish lira, the national currency of both Turkey and Northern Cyprus. Brokers with TRY accounts will usually market themselves towards traders located in this jurisdiction. One Turkish lira can be subdivided into one hundred kurus.
It is the 19th most traded currency globally, making it an ‘exotic’ currency. It is also one of the most liquid of the emerging currencies and is fairly volatile, making it popular with traders who are looking to profit from sharp changes in value. Although not yet in the top 5 currencies to trade with, TRY is increasing in popularity as the country’s economy grows.
Benefits Of Brokers With TRY Accounts
- Accessibility – Brokers with TRY accounts allow for easy access to the financial markets for Turkish traders. Where previously clients may have needed to change the base currency, adding undue complexity to the trading experience, a TRY account means Turkish nationals can trade using a currency they know and are more confident assessing.
- Fees – Currency conversion fees can rack up for Turkish traders who are frequently depositing and withdrawing from foreign accounts. A TRY broker means that savings can be made on this type of fee.
- Regulation – It is mandatory for all brokers providing financial services in Turkey to be regulated by the Capital Markets Board of Turkey (CMBT). The CMBT is the regulatory authority tasked with protecting retail traders from undue risk. Brokers with TRY accounts are more likely to hold a CMBT licence.
- Deposits & withdrawals – Deposit and withdrawal options for brokers with a TRY account are usually free of charge, making this the preferred option for Turkish traders.
How To Check If A Broker Offers A TRY Account
Although not always obvious, there are several ways you can quickly check whether a broker offers TRY accounts. Platforms will usually list their accepted base currencies in their FAQ or help section. Failing this, the deposits and withdrawals page should indicate the permissible currencies. If you’re still unclear, contact the broker’s customer support team for clarification.
How To Compare Brokers With TRY Accounts
Brokers with TRY accounts are ideal for investors who are actively trading the Turkish lira. When comparing which to to go for, several factors should be considered:
- Fees – Payment and trading fees can vary between brokers. Check how competitive these are and how they align with your needs. Many brokers online that offer TRY accounts do not charge processing fees, but third-party charges may apply, such as bank credit/debit card charges.
- Platforms – Find out which platforms a broker offers and how this fits with your trading style. Ensure you understand the interface and features available so that you can optimise your trade accuracy. Brokers will usually offer the option of both mobile apps and desktop terminals. Select the device that best suits your trading strategy.
- Assets – Available assets also vary by broker. If you are hoping to invest in a wide range of products and markets, remember to check the broker offers what you’re after.
- Regulation – Brokers who are soliciting Turkish traders must be licensed and regulated by CMBT. Unregulated brokers with Turkish traders on their books may be shut down.
- Bonuses – Some brokers offer rewards for TRY traders, such as referral or joining bonuses. Shop around for the best deals.
Final Word
Increasingly, brokers that offer TRY accounts are entering the market, providing Turkish traders with exciting opportunities. There is undoubtedly a much brighter future for trading in Turkey now that the market is regulated, giving investors more confidence and a more effective chance to build trading portfolios. Using brokers with TRY accounts offers you the advantage of trading in Turkey with ease.
FAQs
What Is A TRY Trading Account?
A TRY trading account offers the Turkish lira as its base currency. Any fees and commissions will be calculated in this currency and any trades will also be quoted in TRY.
Which Brokers Accept TRY?
There are numerous brokers that offer TRY accounts. We’ve provided a list of the top brokers that offer this option. Alternatively, check your broker’s account page or terms and conditions.
Why Use Brokers That Accept TRY Accounts?
Using brokers with TRY accounts can give you several advantages as a Turkish trader. Deposit and withdrawal fees are generally low and currency conversion fees are eliminated.
Can Anyone Open An Account With Brokers That Offer TRY?
Most investors can open an account with a broker offering TRY as the base currency. Simply head to the broker’s website, select the account sign-up button, and follow the registration instructions.
How Can I See Which Brokers Offer TRY Accounts?
Take a look at our list of brokers that offer TRY accounts. Alternatively, head to the terms and conditions on the broker’s page, or contact their customer support team.