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 3 best brokers that offer accounts with TRY as the base currency:
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- Demo account
- Instruments: Cryptos, Futures
- Regulator: SCA, FSC, FMA
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- Demo account
- Regulator: FINRA, SEC
- Min. deposit: $250
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- Demo account
- Instruments: Cryptocurrencies
- Regulator: CNAD, AFSA
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- Bybit 3.1/5 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.
- Zacks Trade 3.9/5 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.
- Bitfinex 2.9/5 Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 250 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 |
|---|---|---|---|
| Bybit | $0 | Cryptos, Futures | MT4, TradingView |
| Zacks Trade | $250 | Stocks, ETFs, Options, Mutual Funds, Bonds, Warrants, IPOs | Zacks Trade Pro (Desktop), Zacks Trader (Web), and Handy Trader (App) |
| Bitfinex | $0 | Cryptocurrencies | Web Platform, Quantower |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Bybit | - | 7767 | |||
| Zacks Trade | - | 13 | |||
| Bitfinex | - | 337 |
Bybit
Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives.
William Berg, Reviewer
Bybit quick facts
- Demo Account
- ✔Yes
- Instruments
- Cryptos, Futures
- Regulator
- SCA, FSC, FMA
- Platforms
- MT4, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.001 Lots
- Account Currencies
- EUR, GBP, TRY, RUB
Pros
- 100,000 TPS per contract which results in no overloads with an ultra-fast matching engine that is 10x the industry average
- Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
- ByBit upgraded its Futures Bots in 2026, providing access to perpetual contracts for popular TradeFi assets, including TSLAUSDT, GOOGLUSDT, and tokenized gold
Cons
- While Bybit has strengthened its regulatory credentials, it's still faced warnings and actions in jurisdictions like Hong Kong and Canada
- Its finance markets like TradFi are not available in the EEA due to regional regulatory challenges
- Bybit had a serious security breach in 2025 with around $1.5 billion in Ethereum stolen, though the exchange did recoup customers
Zacks Trade
Zacks Trade will suit active day traders with experience using advanced trading software. Fees and margin rates are low while the market research is excellent.
Christian Harris, Reviewer
Zacks Trade quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, ETFs, Options, Mutual Funds, Bonds, Warrants, IPOs
- Regulator
- FINRA, SEC
- Platforms
- Zacks Trade Pro (Desktop), Zacks Trader (Web), and Handy Trader (App)
- Minimum Deposit
- $250
- Minimum Trade
- $3
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, HUF
Pros
- While Zacks Trade charges commissions that most competitors have eliminated, it wins back ground on borrowing costs. Its margin rates start at 8.83% — a figure that sits notably below what traders pay at the major household-name brokers — making it a practical choice for anyone who regularly carries leveraged positions overnight. The savings are modest on small balances but compound meaningfully for traders running larger margin books across a full year.
- The ability to place trades by phone with a human broker at no additional charge beyond the standard penny-per-share commission is a genuine rarity among discount brokers. Most competitors either don't offer this at all or charge a meaningful premium for it, making it one of the few features here that Zacks Trade genuinely owns.
- Most brokers at this price point offer little beyond basic charts and a news ticker. Zacks Trade goes considerably further — standard accounts come with over 20 free research subscriptions, plus access to more than 80 additional paid options spanning providers like Morningstar, Dow Jones, Seeking Alpha, and Thomson Reuters.
Cons
- The account-opening process is fully digital but overly complicated, with verification taking more than a week in some cases. Multiple document steps and an experience-assessment stage before approval make this one of the more tedious onboarding processes in retail brokerage, at a time when most competitors have it down to hours.
- Traders cannot access forex, cryptocurrencies, commodities, or futures — a meaningful gap for anyone trading across multiple asset classes. Given that the infrastructure runs through Interactive Brokers, which supports all of these, it feels like an artificial ceiling rather than a genuine platform limitation.
- Most brokers have dropped stock and ETF trading to $0, making Zacks Trade's penny-per-share fee stand out. For casual traders, the cost is negligible, but a 10,000-share trade costs $100 in commission — and in a market where zero-commission alternatives are everywhere, that's a harder position to defend.
Bitfinex
With its growing token selection, advanced charting tools and zero-fee model, 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.
Christian Harris, Reviewer
Bitfinex quick facts
- Demo Account
- ✔Yes
- Instruments
- Cryptocurrencies
- Regulator
- CNAD, AFSA
- Platforms
- Web Platform, Quantower
- Minimum Deposit
- $0
- Minimum Trade
- $10
- Account Currencies
- USD, EUR, GBP, JPY, TRY
Pros
- Bitfinex has moved to a zero trading fee model on spot, margin, derivatives, securities and OTC, appealing to traders looking for a straightforward pricing model.
- After bolstering its roster, Bitfinex now offers access to over 250 cryptocurrencies, from Bitcoin and Ethereum to emerging altcoins with high levels of volatility that may appeal to day traders.
- Bitfinex is well-suited to algo traders, facilitating automated trading through its API integration, enabling traders to program trading strategies efficiently.
Cons
- Testing reveals inadequate support, especially for active traders, with response times of 12 hours via email and a frustrating user experience with poor live chat integrated into the trading platform.
- For occasional crypto traders and investors prioritizing simplicity, platforms like eToro, Gemini, or Kraken are superior options.
- 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.