Best CMBT Regulated Forex Brokers 2019

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

The Capital Markets Board of Turkey is the independent regulator for the stock, securities and forex market. The Capital Market law number 2499 legislated in 1981 captures the principle on which the CMBT operates. CMBT was created in 1982 with limited operational capacity but has since grown in leaps and bounds notably due to the passing of law number 4487 which largely barred unlicensed brokers from operating in Turkey.

CMBT Responsibilities

CMBT’s ultimate responsibility is to create a transparent and reliable environment whereby brokers and investors can do business. By doing this, the CMBT protects the rights of the investor as well as create a healthy competition between brokers in the market. Brokers that operate under the jurisdiction of the CMBT are also driven towards adopting the already existing standards in the international markets. By having a transparent market and protecting the customers, there is increased participation in the securities market which is often used as a benchmark for measuring economic growth in a country. Integrity in the market attracts both short and long term investors.

With the ever-changing trends of the financial markets, CMBT is responsible for modernising the infrastructure and empowering all industry players to benefit from these changes. Due to the risky nature of this industry, CMBT also conducts their own market analysis and advice stakeholders accordingly in order to mitigate the effects of these risks.

How CMBT Regulation protects you

CMBT is responsible for ensuring that the rights of the client are not infringed upon. They therefore regulate the operations of brokers in Turkey by ensuring that this this pre-specified code of conduct is followed to the letter.  They maintain a list of licensed brokers which is available to potential investors who wish to enlist. They literally monitor transactions that are carried out by every broker to make sure that they do not operate outside the confines of the law. Similarly, blacklisted brokers are also identified and prevented from doing business until they comply with the regulations. This means that cases whereby an investor loses their hard-earned capital due to foul play by the brokers are virtually eliminated.

In the event that an investor is not satisfied that the broker infringed on their rights, they can report this issue to CMBT and then the necessary legal action can be taken from there.

Guidelines for CMBT Regulated Brokers

Brokers licensed by the CMBT are obligated to submit their audited accounts annually to the regulator. In addition to this, they are obligated to provide information requested for by the CMBT in the event that a viable concern is raised either by the regulator or by an investor. This prevents abuse of the mandate granted to licensees. Companies that operate within this industry are also required to ensure that all their employees have sat for the appropriate licensing examinations and qualified accordingly.

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US