T- BANK TURKLANDBANK foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://en.tbank.com.tr, about the company's legal and temporary regulatory information, the company's address 19 Mayıs Mahallesi, 19 Mayıs Caddesi, Şişli Plaza A Blok No:7 Şişli 34360 İstanbul.
T- BANK TURKLANDBANK Forex Broker
Basic Information
Turkey
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskRating Index
SILVER ACCOUNT
BRONZE ACCOUNT
T Bank Turklandbank Forex Broker - Complete Information Guide
1. Broker Overview
T Bank Turklandbank, established in 2003, is a forex brokerage firm based in Istanbul, Turkey. The company operates from its headquarters located at 19 Mayıs Mahallesi, 19 Mayıs Caddesi, Şişli Plaza A Blok No: 7, Şişli 34360 Istanbul. T Bank Turklandbank is a private company that provides trading services primarily to clients in Turkey and other international markets.
Over the years, T Bank Turklandbank has developed a reputation as a trading platform that offers a variety of financial services, including forex trading, contracts for difference (CFDs), commodities, and indices. Although the firm has been operational for over 21 years, it is important to note that it is currently unregulated, which raises concerns about its legitimacy in the forex and CFD industry. The company aims to expand its reach and client base by offering diverse trading options and services.
The business model of T Bank Turklandbank focuses on retail forex trading, catering to individual traders and investors looking for opportunities in the foreign exchange market. However, due to its unregulated status, potential clients are advised to exercise caution.
2. Regulatory and Compliance Information
T Bank Turklandbank currently operates without proper regulation, which is a significant concern for potential traders. The lack of a regulatory framework means that the company does not fall under the supervision of any major financial authority, which could expose clients to higher risks.
- Regulatory Bodies: Currently, T Bank Turklandbank does not have any licenses from recognized regulatory bodies.
- Regulatory Numbers: As there are no licenses, there are no regulatory numbers to provide.
- License Validity and Scope: The absence of a license indicates that T Bank Turklandbank does not have a defined scope of operations under any regulatory authority.
- Legal Entities: The company operates solely under its name in Turkey.
- Client Funds Segregation Policy: There is no information available regarding the segregation of client funds, which is a critical aspect of financial security.
- Investor Compensation Fund Participation: T Bank Turklandbank does not participate in any investor compensation schemes, increasing the risk for clients.
- KYC and AML Compliance Measures: The company has not provided specific details about its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for maintaining the integrity of financial transactions.
Given these factors, it is crucial for potential traders to consider the risks associated with trading through an unregulated broker like T Bank Turklandbank.
3. Trading Products and Services
T Bank Turklandbank offers a variety of trading products and services, although the specifics may vary.
- Forex Currency Pairs: The broker provides access to a range of forex currency pairs, including major, minor, and exotic pairs. However, the exact number of pairs available is not specified.
- CFD Product Categories: Clients can trade CFDs across various asset classes, including indices, commodities, and stocks. There is no mention of cryptocurrency CFDs being offered.
- Unique Products or Exclusive Trading Instruments: T Bank Turklandbank does not highlight any unique products or exclusive trading instruments that set it apart from other brokers.
- Product Update Frequency: The frequency of product updates and the introduction of new trading instruments is not detailed.
- Retail Trading Services: The broker focuses on retail trading services, providing individual clients with access to the forex market.
- Institutional Client Services: There is no specific mention of services tailored for institutional clients.
- White Label Solutions: Information regarding white label solutions is not provided.
- Asset Management Services: T Bank Turklandbank does not appear to offer asset management services.
Overall, while T Bank Turklandbank provides a range of trading products, the lack of detailed information on specific offerings and updates may deter potential traders.
4. Trading Platform and Technology
T Bank Turklandbank does not support the widely used MetaTrader 4 or MetaTrader 5 platforms, which are popular among forex traders for their advanced trading features and tools.
- Proprietary Trading Platform: There is no information available about a proprietary trading platform developed by T Bank Turklandbank.
- Web-Based Trading Platform: The existence of a web-based trading platform has not been mentioned.
- Mobile Applications: There are no details regarding mobile applications for iOS or Android devices.
- Execution Model: The broker's execution model, whether it operates on an ECN, STP, or Market Making basis, is not specified.
- Server Location and Technical Infrastructure: Information about server locations and the technical infrastructure that supports trading operations is not provided.
- API Access and Automated Trading Support: There is no mention of API access or support for automated trading.
The absence of these critical features may limit the trading experience for clients seeking robust trading tools and platforms.
5. Account Types and Trading Conditions
T Bank Turklandbank offers various account types, although specific conditions are not extensively detailed.
- Standard Account Conditions: The minimum deposit requirements, spreads, and commission structures for standard accounts are not specified.
- Advanced Account Types: Information regarding advanced account types such as VIP or professional accounts is not available.
- Special Accounts: There is no mention of special accounts like Islamic accounts or corporate accounts.
- Demo Account Policy: The availability and conditions of demo accounts are not detailed.
- Leverage Ratios: The maximum leverage offered by T Bank Turklandbank is up to 1:500, which is relatively high compared to industry standards.
- Minimum Trade Size: The minimum trade size or lot size for trading is not specified.
- Overnight Fees Policy: Information regarding overnight fees or swap rates is not provided.
Due to the lack of detailed information on account types and trading conditions, potential traders may find it challenging to assess the suitability of T Bank Turklandbank for their trading needs.
6. Fund Management
T Bank Turklandbank supports various methods for fund management, although specific details are limited.
- Supported Deposit Methods: The broker accepts deposits via bank transfer, credit cards, and potentially electronic wallets, although exact methods are not specified.
- Minimum Deposit Requirements: The minimum deposit requirements vary by account type but are generally high, with reports suggesting amounts ranging from 50,000 to 100,000 Turkish Lira.
- Deposit Processing Time: The processing time for deposits is not mentioned, which may impact traders' ability to access their funds quickly.
- Deposit Fees: There is no information available regarding any deposit fees charged by the broker.
- Withdrawal Methods and Restrictions: The methods for withdrawal and any associated restrictions are not specified.
- Withdrawal Processing Time: The time it takes for withdrawals to be processed is not detailed.
- Withdrawal Fee Structure: Information on withdrawal fees is not provided.
The lack of transparency regarding fund management practices may raise concerns for potential clients regarding the safety and accessibility of their funds.
7. Customer Support and Educational Resources
T Bank Turklandbank offers customer support, although specific channels and resources are not detailed.
- Support Channels: Clients can reach customer support via phone, email, and potentially online chat, although the exact details are not provided.
- Service Hours and Time Zone Coverage: The operating hours of customer support are not specified.
- Multilingual Support: There is no information available regarding the languages supported by customer service representatives.
- Educational Resources: The availability of educational resources such as webinars, tutorials, and eBooks is not mentioned.
- Market Analysis Services: T Bank Turklandbank does not specify whether it provides daily market analysis, news, or research reports.
- Trading Tools: Information regarding trading tools such as calculators, calendars, or signal services is not provided.
The absence of comprehensive customer support and educational resources may hinder the overall trading experience for clients.
8. Regional Coverage and Restrictions
T Bank Turklandbank primarily serves clients in Turkey and potentially a few other international markets.
- Main Service Markets: The broker focuses on the Turkish market while also catering to clients in select international locations.
- Regional Office Distribution: There is no information available regarding the distribution of regional offices.
- Countries/Regions Not Accepted: The specific countries or regions from which clients are not accepted are not detailed.
- Special Restrictions: Any special restrictions on trading or account openings are not mentioned.
The limited information regarding regional coverage and restrictions may affect potential clients' understanding of T Bank Turklandbank's operational reach.
In conclusion, while T Bank Turklandbank provides various trading services and products, the lack of regulation, transparency, and detailed information on key aspects may deter potential clients. It is essential for traders to conduct thorough research and consider the risks associated with trading through an unregulated broker like T Bank Turklandbank.
FX1518115107
Japan
The Hong Kong police recently detected an investment fraud case involving trustinstveting virtual currency, involving funds of up to 58 million Hong Kong dollars, 12 people were arrested, and as many as 100 victims, most of whom were mainlanders. According to industry insiders, this propaganda method is similar to "dissipation", and investors need to be especially careful. In his briefing on the case, Zhang Lequan, Chief Inspector of the Crime Squad of Hong Kong West Kowloon Region, stated that the victim had contacted the three investment companies involved in the case from November 2020. During the period, company employees promoted different "investment" projects to them, including A virtual currency that makes false guarantees, claiming that after investing in related projects, you can get huge profits in a short period of time. The salesperson of the fraudulent group said that as long as they invest in the group, they can "divide the accounts" every 50 days. They also claim that investors will have the opportunity to get back the principal after 3 months, and they will get more than 13 times the profit after one year. , And every time you introduce a friend to join the investment project, you can get a 10% rebate. However, some victims still couldn't get back the principal after 4 months of investment, let alone any "divided accounts", only then discovered that they were being deceived.
Exposure
2021-03-22