{"id":906,"date":"2016-11-17T13:08:07","date_gmt":"2016-11-17T13:08:07","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=906"},"modified":"2020-09-21T09:03:09","modified_gmt":"2020-09-21T09:03:09","slug":"cmbt-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/cmbt-registered\/","title":{"rendered":"CMBT Forex Brokers"},"content":{"rendered":"
CMBT is the regulatory agency in Turkey, which takes care of business conduct of Forex companies. Turkey has witnessed an astonishing growth in Forex traders and Forex undertakings lately. Vigorous competition in the local Forex market and thorough government organization have led to such a Forex onrush. Turkey explicitly prohibits unregistered Forex operations on its territory. The government is very strict and fights against the irregularities which are sometimes hard to track down in the highly decentralized market. Due to this fact, many traders feel safer with CMBT regulated brokers, and the government\u2019s policy definitely strengthens the trust between companies and clients. The Turkish market is strong with a steady economy. The main Turkish participants in the Forex market include commercial companies, Foreign exchange brokers, banks, investment management companies.<\/p>\n
CMBT or the Capital Market Board of Turkey<\/a> is the regulatory agency for financial services in Turkey. The Board was established in 1982 and has been subject to amendments throughout the years. The main responsibilities include financial market stability and integrity, consumer protection, and supervision of participants in the stock market. In order to run a Forex company in Turkey, you have to apply for the CMBT license. The application procedure does not deviate from other European procedures. The majority of requirements relate to the capital amount which should be sufficient to cover potential and real risks.<\/p>\n The strict rules and high standards are not only to be met in Great Britain and Germany; Turkey does not take Forex trading lightly either. The number of Turkish traders keeps rising, and they are looking for decent Forex brokers who will connect them with the best offers in the market. CMBT registered brokers are known to be safe, and they are the only ones that are legit to operate in the Forex market in the country. In contrast to Indonesia and Malaysia where many western brokers opened offices, Turkey is not very often the destination for international regional offices. That does not even matter, given that Turkey has plenty of domestic Forex brokers who offer the same or similar service packages like western brokers. Forex has been flourishing in Turkey; it is just that it has not reached global proportions yet. Still, the Turkish market counts international traders coming from Russia, Azerbaijan, Belarus, Ukraine, etc.<\/p>\nAttracting International Traders<\/h3>\n
Trustworthy Forex Brokers<\/h3>\n