FXTCR Forex Broker

FXTCR Review SummaryFounded2011Registered Country/RegionTurkeyRegulationNo RegulationMarket InstrumentsForex Pairs, Commodities, and IndicesDemo Account✅LeverageUp to 1:100EUR/USD Spread From 1.5 pipsTrading PlatformMetaTrader 4 (MT4)Min Deposit$50,000Customer SupportTel: +90 0850 251 4040Fax: +90 (212) 282 09 98Email: fxtcr@tacirler.com.trAddress: Nispetiye Cad. B3 Blok Kat 9 Akmerkez Etiler / İSTANBULSocial media Established in Turkey, FXTCR is an unregulated forex trading platform catering primarily to Turkish users. It offers a range of trading products through its MetaTrader 4 platform, including Forex Pairs, Commodities, and Indices. Traders can get demo accounts to gain knowledge about the market more quickly by gaining experience in the trial account before trading with their real accounts in the markets.Pros and ConsPros Cons Demo accounts availableNo regulationA wide range of trading productsHigh minimum depositMultiple contact channelsLimited payment optionsFlexible leverage ratiosMT4 platformIs FXTCR Legit? At present, FXTCR lacks valid regulation. Its domain was registered on Sep 26, 2011, and the current status is “ok”. Please pay high attention to the safety of your funds if you decide to choose this broker.What Can I Trade on FXTCR? On FXTCR, you can trade with Forex Pairs, Commodities, and Indices. Forex Pairs: Major and minor currency pairs. Indices: Major global indices. Commodities: Including metals and energy products.Tradable Instruments Supported Forex✔Commodities✔Indices✔Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type FXTCR provides demo accounts and real accounts for clients. You can gain knowledge about the market more quickly by gaining experience in the trial account before trading with your real account in the markets. In the trail account, you can watch real market movements and perform your transactions in the forex market by learning the real trading conditions.Leverage The maximum leverage is 1:100 for GBPUSD, while for EURUSD, the leverage is 1:10, quite low. Note that high leverage can amplify not only profits but also losses.Spread and Commission For major currency pairs, the spreads are as follows:EUR/USD: 1.5 pipsGBP/USD: 2.09 pipsUSD/TRY: 13.04 pips FXTCR does not explicitly charge a commission on trades as their trading costs are primarily built into the spread. However, for certain account types or specific trading conditions, additional fees might apply, which traders should verify based on their chosen account and trading strategy.Trading Platform FXTCR offers Meta Trader 4 for trading. MT4 is known for its user-friendly interface, advanced trading capabilities, and robust charting tools, available on both desktop and mobile (iOS and Android).Deposit and Withdrawal Deposit Deposit Option Min DepositSupported CurrenciesProcessing Time Bank Transfer50,000 USDTurkish Lira (TRY) and US Dollars (USD)/ Withdrawal Withdrawal Options Min WithdrawalFeeProcessing Time Bank Transfer//vary depending on the bank and currency, typically taking a few business days