The historic volatility of the EUR/TRY currency-cross has attracted forex traders. Today, that volatility has somewhat stabilised due to monetary policy in the Eurozone, however, there remain interesting trading opportunities. The complex history of the TRY means the currency can swing as the country continues to battle financial stability.
This page will cover everything you need to know to start day trading the EUR/TRY, from its history, benefits and drawbacks, to influences on the FX exchange rate. We will also look at the top places to access the historical data needed to make effective real-time or long-term forecasts.
Best EUR/TRY Brokers
Our latest tests have uncovered these 4 brokers as standout options for trading EUR/TRY:
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- Demo account
- Regulator: CySEC, MISA
- Platforms: MT4, MT5
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- Demo account
- Platforms: WebTrader, Mobile, MT4, MT5, TradingView
- Min. deposit: $100
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- Demo account
- Regulator: ASIC, FSCA, FSA, FSC, CMA-UAE
- Min. deposit: $20
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- Demo account
- Regulator: FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms: Web, MT4, MT5, TradingView
69% of retail CFD accounts lose money.
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- FXCC 4.6/5 FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Comoros Union and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- FOREX.com 4.3/5 Founded in 2001, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
- PU Prime 4.5/5 PU Prime is a forex and CFD broker offering direct market access on forex, commodities, stocks, bonds, indices, and ETFs. With four account types (Cent, Standard, Prime, ECN) and multiple platforms, from MetaTrader to its own PU Prime app, it’s built for active traders at every level.
- CMC Markets 4.7/5 Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
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 |
|---|---|---|---|---|---|
| FXCC | 220 | ||||
| FOREX.com | 2529 | ||||
| PU Prime | 1870 | ||||
| CMC Markets | 3506 |
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
- Regulator
- CySEC, MISA
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD
- Currency Pairs
- AUD/CAD, AUD/CHF, AUD/JPY, AUD/NOK, AUD/NZD, AUD/SEK, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CHF/DKK, CHF/JPY, CHF/NOK, CHF/PLN, CHF/SGD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/HKD, EUR/HUF, EUR/JPY, EUR/MXN, EUR/NOK, EUR/NZD, EUR/PLN, EUR/SEK, EUR/SGD, EUR/TRY, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/DKK, GBP/JPY, GBP/NOK, GBP/NZD, GBP/PLN, GBP/SEK, GBP/SGD, GBP/USD, GBP/ZAR, HKD/JPY, MXN/JPY, NOK/JPY, NOK/SEK, NZD/CAD, NZD/CHF, NZD/JPY, NZD/SGD, NZD/USD, SEK/JPY, SGD/JPY, TRY/JPY, USD/CAD, USD/CHF, USD/CNH, USD/CZK, USD/DKK, USD/HKD, USD/HUF, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR, ZAR/JPY
Pros
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
Cons
- FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
FOREX.com
FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.
Christian Harris, Reviewer
FOREX.com quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto
- Regulator
- NFA, CFTC, CIRO, FCA, CySEC, ASIC, FSA, MAS, CIMA, CMA-UAE
- Platforms
- WebTrader, Mobile, MT4, MT5, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
- Currency Pairs
- USD/CNH, EUR/CNH, AUD/CNH, CNH/JPY, EUR/AUD, EUR/SGD, EUR/TRY, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/JPY, GBP/ZAR, USD/HKD, USD/SGD, USD/THB
Pros
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
- The in-house Web Trader continues to stand out as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
Cons
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- The group being FOREX.com, GAIN Capital Group LLC, had to pay a $700k fine to NFA for improperly handling some client accounts.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
PU Prime
PU Prime is a great fit for experienced, high-volume traders with its ECN account offering tight spreads from 0.0 pips and low commissions from $1/side. The addition of an easy-to-use copy trading app, alongside the stacked Trading Academy with progression levels, also makes PU Prime a strong option for aspiring traders.
Tobias Robinson, Reviewer
PU Prime quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Metals, Crypto, Bonds, ETFs, Pre-IPOs, Synthetic Indices (region-dependent)
- Regulator
- ASIC, FSCA, FSA, FSC, CMA-UAE
- Platforms
- PU Prime App, PU Web Trader, PU Social, MT4, MT5, AutoChartist
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD
- Currency Pairs
- AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/CZK, EUR/DKK, EUR/GBP, EUR/HUF, EUR/JPY, EUR/NZD, EUR/SGD, EUR/TRY, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, GBP/USD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/SGD, NZD/USD, SGD/JPY, USD/BRL, USD/CAD, USD/CHF, USD/CLP, USD/COP, USD/CZK, USD/DKK, USD/HUF, USD/IDR, USD/INR, USD/JPY, USD/KRW, USD/MXN, USD/NOK, USD/SEK, USD/SGD, USD/THB, USD/TRY, USD/TWD, USD/ZAR, USD/ILS
Pros
- There’s a great suite of tools for short-term traders, from practical margin and position sizing calculators to economic calendars and strong technical insights via Autochartist.
- The platform lineup is strong, with the PU Prime Web Trader and app especially smooth to use with a modern design, easy-to-configure order tickets and responsive charts for fast entries and exits.
- PU Prime has upped its game over the years, including launching its PU Social app in 2022, securing ASIC authorization for its Australian entity in 2025, and adding over 200 trading instruments, bringing the total to 1,000+, while 2026 brought around-the-clock share CFDs on prominent US stocks.
Cons
- The in-house market updates are useful for a quick read, but they’re generally high-level and don’t go deep enough for serious strategy building or advanced analysis.
- While PU Prime holds licenses in Australia (ASIC) and South Africa (FSCA), its offshore entities have been flagged by UK, North American, and European regulators for providing services without local authorization.
- The ECN account’s $10,000 minimum deposit puts the best pricing out of reach for some active retail traders who may end up paying more for spreads and commissions on Prime, Standard or Cent accounts.
CMC Markets
With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels.
Christian Harris, Reviewer
CMC Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria)
- Regulator
- FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms
- Web, MT4, MT5, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN
- Currency Pairs
- USD/CHF, USD/JPY, CNH/JPY, AUD/CNH, EUR/CNH, AUD/MXN, EUR/AUD, EUR/JPY, EUR/SGD, EUR/TRY, EUR/CAD, GBP/HUF, GBP/ZAR, NZD/SGD, USDHKD, USD/SGD, GBP/CAD
Pros
- CMC Markets has added an AI News feature, using AI to surface and summarise market stories rather than place trades for you, hinting at where broker research tools are heading.
- The CMC web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4, MT5 and TradingView (added in 2025) are also supported.
- We've bumped up its 'Assets & Markets' rating after almost monthly product additions in 2025 and 2026, from extended hours trading on 5,000+ US stocks and ETFs to new share CFDs and certificates and warrants, plus fractional shares in some regions.
Cons
- An inactivity fee of $15 per month is applied after 12 months of inactivity, which may deter casual investors.
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
- Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
Chart
EUR/TRY Meaning
The EUR/TRY currency pair is the value of the Euro against the Turkish New Lira. EUR is the base currency and TRY is the counter currency. TRY is sometimes referred to in forex as YTL. This is because the Turkish New Lira breaks into 100 new kurus coins.
Benefits Of Trading EUR/TRY
The EUR/TRY spot rate is a popular currency pairing for traders looking to trade TRY:
- Stock indicator – The EUR is considered a leading indicator for stocks. As a result, investors already familiar with stock markets may find it easier to make forex trading forecasts.
- Prevalence – The EUR is one of the most popular reserve currencies. Its size leads to an abundance of financial data being released. This means expectations around the EUR/TRY pairing are relatively easy to follow.
- Volume – The huge number of active traders means there are relatively high levels of volatility. All of which can lead to greater potential to make profits when investing in the pair.
Risks Of Trading EUR/TRY
Despite several benefits to trading the EUR/TRY pair, certain drawbacks also exist:
- Volatility – The high levels of volatility within the EUR/TRY pair can result in winning positions swiftly turning into losing ones. When converting 1 Euro into TRY, use an exchange rate graph to access historical data. You should also be aware of the maximum yearly or annual averages, as these can help you make forward predictions.
- Leverage – Margin trading may increase your potential profit. However, it can also amplify losses. So, if you do utilise leverage, making accurate daily and long-term forecasts is essential. Also ensure you use stop losses to minimise your risk exposure.
- Automated trading – Even with attractive bid-ask spreads and competitive forward rates, sophisticated trading algorithms exist which serve as stiff competition. You might have the best currency calculators, converters and charts, but these bots can enter and exit trades using pre-determined criteria. It could be worth exploring automated forex trading to help give you an edge.
Understanding EUR/TRY
When trading 1 EUR into TRY, it’s important to understand the complex history and evolution of the pairing. This goes for any type of forex trade on the pair, including futures or options.
The development of the EUR/TRY currency pairing can be split into two periods. The first Turkish Lira ran between 1923 and 2005. After rampant inflation, the Turkish Central Bank reevaluated the Lira in 2005 and the last six zeros were removed from the value of the currency. This saw the beginning of the second Turkish Lira or Turkish New Lira. The Turkish New Lira is equivalent to 1-million of the old Turkish Lira.
Turkey is an emerging market and the TRY experiences high volatility as the country continues to struggle with inflation and financial stability. The TRY is used in both the Turkish Republic of Northern Cyprus and in Turkey.
The TRY has, at times, been ranked as one of the least valuable currencies in the world. But, in the last few years, the EUR/TRY has stabilised and even risen against the US Dollar. The pairing reached an all-time high in November 2020 of 8.58.
Today, the EUR to TRY exchange rate is traded by forex traders around the world.
Influences On Movement
The political and economic landscape can have a huge influence on the EUR/TRY pairing.
Economic Factors
Economies in the Eurozone vary widely. Germany is the largest economy and a leading world exporter. Other economies (such as Ireland and Greece) endure sovereign debt and strict government austerity measures. Staying ahead of Germany’s key financial reports will help inform EUR/TRY trading decisions.
On the other hand, Turkey’s economy is increasingly driven by industry and service sectors. This includes automotive, construction and electronics. Again, announcements on any of these outputs will influence the relative strength of the Lira against the Euro.
Political Factors
Another crucial factor is the political landscape. Instability can influence the direction of any currency. The challenge comes in keeping an eye on the numerous countries within the Eurozone. Should other countries leave the European Union like the UK, for example, the strength of the Euro is likely to decline. So, keep abreast of the latest political and economic news as this can affect the exchange rate for EUR/TRY. You can plot events on a chart to help you make accurate forward predictions.
Making EUR To TRY Forecast
When trading the EUR vs TRY, having a good idea of future trends and predictions is key to making a real-time or long-term forecast. Being aware of the latest news and economic indicators that can affect the forecast for 2026 will help your technical analysis, as these can affect the pip value and buy and sell price.
To find out the EUR vs TRY monthly average and historical exchange rate history, use a top broker such as Oanda to access a 5 or 10 years chart. This will show you the correlation between the pairing over time as well as the value year-to-date.
Forums such as Yahoo Finance, TradingView, Bloomberg or Reuters, can also give you the live swap rates on the date you are investing.
Final Word On Trading EUR/TRY
The EUR/TRY currency pair brings both volume and volatility. But to trade the exchange rate effectively, you need to keep ahead of political and economic developments both in Turkey and across the Eurozone. The size of the Euro means there is a huge amount of economic data at your disposal, which will help you to make accurate forward rates and forecasts.
You’ll also need a top forex broker that offers excellent tools, such as live exchange rate charts, historical data and real-time FX quotes to enable you to make predictions about future trends. Oanda, Pepperstone and Plus500 are all popular options.
FAQ
Why has EUR/TRY weakened?
Despite efforts from the Turkish Central Bank to prevent the currency from weakening, the TRY hit record lows against the Euro and US Dollar in 2020. The fall was a result of the effects of the global Covid-19 pandemic and poor economic policy converge.
Will EUR/TRY strengthen this year?
Most banks forecast the Euro will gradually strengthen in the future. Use a leading FX broker to access live swap rates and graphs when making a comparison between EUR and TRY.
What does it mean to trade EUR into 1 TRY?
When you trade 1 EUR into TRY you are trading the Euro against the Turkish New Lira. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.
What are the best times to trade EUR/TRY?
The forex market runs in line with the normal business hours of four different parts of the world and their respective time zones. The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.
Is the Mastercard exchange rate good for EUR/TRY?
The Mastercard currency converter tool calculates foreign exchange rates for all the major currencies worldwide to enable cross-border purchase. You can use the Mastercard exchange rate as an indicator for the value of EUR into TRY ahead of your trade.