Isik FX Review

0 Users (0 votes)


Company Information It’s about time to review a famous Turkish broker based in Istanbul, Turkey – IsikFX. The company was founded in 2013, and it’s still considered quite young on… more

Read Full Review


BrokerIsik FX
Website URL
Trading PlatformMetaTrader 4
Free Demo AccountYes
Regulated Yes
RegulationCapital Markets Board of Turkey
Account CurrencyUSD, EUR, TRY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

It’s about time to review a famous Turkish broker based in Istanbul, Turkey – IsikFX. The company was founded in 2013, and it’s still considered quite young on the global financial services stage. IsikFX is fully licensed and registered brokerage firm that is also entirely regulated by the Capital Markets Board (CMB) of Turkey. However, behind the brand name, we can recognize well-known professionals from the industry. IsikFX aims for full transparency and provides a huge list of legal documents and detailed explanations about its operations. Also, the Turkish broker is very concerned with its clients’ education. There are numerous helpful materials offered on the website, as well as regular market analysis from financial experts. IsikFX is excellent brokerage company with the just drawback, the site and almost everything associated with the financial institution is available in Turkish. International clients will have a hard time with the communication. Apart of this, IsikFX is an excellent choice for both pro traders and beginners with fantastic trading conditions and adequate training. The company also won some of the finest awards through the years. In 2014, they were “Most Popular Broker” and “Fastest Growing Forex Broker in Europe”, and in 2015 and 2016 – “Turkey’s Best Forex Company” prize.


Trading Information

As we’ve mentioned above, the Turkish broker offers exceptional spreads on its proposed markets. There are also no commissions or hidden fees involved. The maximum leverage can go up to 1:100, which is perfect for adequate risk management. IsikFX gives access to various financial instruments, such as Forex pairs, commodities (Gold, Oil, and others), stocks and CFDs. Clients can also pick from two types of accounts – Standard, Silver, Gold, Platinum and VIP. They mainly differ in the offered trading environment and other various benefits. Of course, the VIP profile holds many surprises for its owner. The benefits primarily involve extended account support from the company. It includes various technical analysis from dedicated professionals, training, and enhanced trading conditions. VIP accounts get extremely tight spreads on most currency pairs. Every client is free to register a demo account with “fake” money and “test the waters” before jumping into the real thing.


Trading Platforms

IsikFX provides exclusive access to the most leading trading platform in the industry and namely – MetaTrader 4. The software is extremely well-developed, integrated with numerous helpful features for experienced traders and it’s completely reliable when it comes to intensive trading. MT4 is surely an excellent choice for beginners as well, but they may find it complicated at first. However, within a few days, the platform reveals its true capabilities and becomes full intuitive. MT4 is also perfectly adapted for mobile devices. The trading software is available for both Android and iOS, equipped with almost everything available on the PC version.


In addition to MetaTrader 4, the Turkish online broker offers web access to its markets with IsikFX Web Trader. The advanced web-based trading platform is available with just a few clicks from almost every browser. No matter where you are or how do you access a browser, you can connect to the application. There is no installation involved in the process, and you can even trade on the go.


Security and Customer Services

IsikFX has a secured website with SSL encryption on the connection. The protection is issued and certified by GoDaddy. It ensures that all the sensitive data is guarded. As a fully licensed brokerage provider, IsikFX follows the best practices in the financial branch. Clients’ accounts are segregated in top rated banks and kept separately from the company’s funds. The company is also well regulated for extra peace of mind for the client.


When it comes to customer services, the broker is exemplary. Dedicated support is offered 24/7 on various communication channels. Every customer is free to contact any IsikFX’s representative by phone, live chat or email. Clients can also request a callback or visit the broker’s offices in Istanbul or Ankara. Unfortunately, the Turkish broker does not support English on its website as its markets mainly target the local audience. We hope the services to expand in the nearest future.


Deposits and Withdraws

The transaction methods associated with IsikFX are processed mostly via banks. As an exclusive Turkish broker, the major local banks are presented with different account numbers for each accepted currency. In fact, the deposits can be made with TRL, USD, and EUR. Clients should be aware that their money can be exchanged for other currency if it differs from their account. For example, if customer A deposits 100 USD into their account with TRL, these 100 USD will be transformed to TRL according to the bank’s exchange rate with all the fees applied. Customers should also take note that bank depositing required full name and account number with the broker included in the statement of the transaction. Withdrawals are handled mostly the same way and extra commissions, or hidden fees are not involved. However, the bank institution may still apply charges based on its policy.


Deposit Bonuses and Loyalty Program

Sad news for those who love bonuses. At this time, IsikFX does not offer any promotions, deposit bonuses or loyalty program. However, the broker is deeply involved in the education of its clients, which can be considered a huge benefit for newbies. The Turkish financial institution is more focused on providing tight spreads and top quality of service, rather than a few bucks in the client’s account.

Open an Account
What people say... Leave your rating
Sort by:

Be the first to leave a review.

User Avatar
{{{review.rating_comment | nl2br}}}

Show more
{{ pageNumber+1 }}
Leave your rating