IsikFX Review Pros & Cons Revealed ( 2025 )

WHAT IS ISIKFX?

This IsikFX review, conducted in South Africa, shows that IsikFX is a Turkish broker based in Istanbul that was founded in 2013 and is regulated by the Capital Markets Board of Turkey.

The company is still considered to be quite young on the global financial services stage but is run by well-known professionals from the industry. IsikFX aims for full transparency and can provide a long list of legal documents and detailed explanations about its operations.

IsikFX seems to be an excellent brokerage company, but with the drawback that its website and almost everything associated with the financial institution is available only in Turkish. International clients will struggle with communication.

The company has also won some of the finest awards through the years.

SAFE OR SCAM?

One of the best means of determining the safety of a broker like IsikFX, is to establish which regulating authorities are watchdogs over its actions.

IsikFX is registered by the Capital Markets Board that was established in 1981 under the Capital Market Law No. 2499. It is a regulatory body with administrative and financial autonomy, exercising its powers independently.

It falls under the Ministry of State appointed by the Prime Minister. The board is headquartered in Ankara and has a representative office in Istanbul.

The main task of the board is to ensure that the capital market operates with confidence and openness and protects the rights and benefits of investors.

IsikFX is listed on the Istanbul Stock Exchange and is subject to regulations from Takas bank which provides its services within the framework of capital market and stock market legislation.

It also works on issues related to investment banking transactions within the framework of the Banking Law and other banking regulations.

The institution is a central clearing house authorised to oversee clearing of transactions related to shares, debt instruments, foreign capital market instruments, derivative instruments and precious metals.

IsikFX is also registered with Turkey’s Central Registry Agency (CRA) that operates the “securities clearing system” and also performs the first registration (issuance) of securities.

IsikFX conforms to the rules set by the Turkey Capital Market Association, a self-regulatory organisation established in 2001.

All banks, brokerage houses, portfolio management companies and investment trusts operating in the capital market are members of the association.

The Turkey Capital Market Association conducts research and organizes training programs to ensure the development of capital market and brokerage activities and to establish professional rules for the fair and honest activities of its members.

ISIKFX REVIEW OF PRO AND CONS

LEVERAGE

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

IsikFX 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.

ACCOUNTS

A forex account at IsikFX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

In the case of IsikFX they offer four accounts: Platinum, Gold, Silver, and Standard, all of which are compatible with MT4 with fixed spreads.

The VIP profile has benefits primarily involved with extended account support from the company.

It includes various technical analyses from dedicated professionals, training, and enhanced trading conditions. VIP accounts get extremely tight spreads on most currency pairs.

MARKET INSTRUMENTS

IsikFX gives access to various financial instruments, such as Forex pairs, commodities (Gold, Oil, and others), stocks and CFDs. The types of client accounts mainly differ regarding the offered trading environment and with various benefits attached to each.

Through its platforms, IsikFX clients can trade in stocks traded on the US, UK, Germany and other European stock exchanges. For example, they can trade on Google, Facebook or BMW shares, and earn from the rises and decreases of other stocks.

World Stock Market Indices are among the instruments you can invest in the IsikFX trading platform. You can trade CFDs in the world’s leading stock market indices such as DOW JONES, NASDAQ, S & P500, DAX, NIKKEI, FTSEUK.

IsikFX offers you the opportunity to trade easily on hundreds of financial products from only one trading platform, including precious metals, commodities and energy sources.

FEES

Due to its various account types, IsikFX may offer different fee structures too, according to their offerings. Cost depends on different factors, like spread and margins.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

It is not mentioned clearly on their website what, or even whether commissions are charged by IsikFX. The same goes for swap fees. However, bear in mind that at least one is likely to be applicable.

Read the GCM Forex Review here

DEPOSIT AND WITHDRAWAL

It can be assumed that the minimum deposits required by the different account types offered by IsikFX would vary according to the types, however information regarding the advantages or requirements of each account is not clearly displayed.

Therefore potential traders will have to make use of customer support avenues to establish that before opening an account.

The IsikFX website is very difficult to navigate and to pinpoint information, since much of the information is not translatable from Turkish. For this reason, it is not certain what deposit methods are available.

It seems that the transaction method mainly used with IsikFX is bank transfers. As an exclusive Turkish broker, the major local banks are presented with different account numbers for each accepted currency. Deposits can be made with TRL, USD and EUR.

Clients should be aware that their money can be exchanged for another currency if it differs from their account.

For example, if a customer 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 requires a full name and account number with the broker included in the statement.

Withdrawals are handled mostly the same way and extra commissions or hidden fees are not charged, but the bank may still apply charges based on its policy.

TRADING PLATFORMS

A forex trading platform is in essence the software provided by IsikFX to its clients to carry out their trades.

A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.

The decision about which platform to choose will always depend on what a client would like to trade.

MetaTrader4

IsikFX offers the trusted MetaTrader4 platform and clients may use it as a desktop or mobile version.

The IsikFX MetaTrader4 platform is well-developed, integrated with numerous helpful features for experienced traders and is reliable for intensive trading.

MT4 is also perfectly adapted for mobile devices and available for both Android and iOS, equipped with almost everything available on the PC version.

IsikFX Web Trader

In addition to MetaTrader4, IsikFX offers web access to its markets with the IsikFX Web Trader, an advanced web-based trading platform available from almost every browser.

No matter where you are or how 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.

HOW TO OPEN AN ACCOUNT

The IsikFX review process of opening a new account is fully digital, hassle-free and fast.

Similarly to a bank, if you want to register a forex trading account with IsikFX for the first time, you will be required to go through a basic “know your customer” process.

This will allow IsikFX to make sure that your submitted personal details are correct and the safety of your funds and your account details are ensured.

After the initial registration you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.

New traders can open a demo account with IsikFX or a live trading account.

CUSTOMER SUPPORT

Potential traders need to make sure the broker company they chose will offer support whenever they may need it, in order to help customers to easily find the exact answers to their questions and offer them the best user experience.

In the case of IsikFX they can be contacted on a 24/6 basis, via telephone, email or live chat. There is also a facility whereby you can request a call back at a convenient time.

Unfortunately, IsikFX does not support English on its website as it targets mainly a local audience.

EDUCATION

Before starting to trade, potential clients of IsikFX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

If IsikFX’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.

IsikFX does offer some educational tools to assist traders to develop themselves as traders. There is ample free reading material and also some videos available. This can be used together with plenty of free trading education material online.

RESEARCH

To be able to trade with confidence and success, potential traders should do as much possible research about this kind of speculative trading before commencing, but also preceding every daring deal.

This will ensure that they don’t lose money unnecessarily and on the other hand to trade as profitable as possible.

IsikFX offers weekly and daily analysis and daily market forecasts on its website, as well as more information via Trading Central.

A Comprehensive Economic Calendar can keep traders up to date with financial events while they can also follow more information on an Analysis TV channel. Blogs and articles with important information about Forex completes this resource.

AWARDS

Since being an awarded company instils extra confidence in traders, IsikFX can show the following awards accumulated during its years in business:

• Fastest Growing Forex Brokerage House Award in Europe
• Best Customer Support Forex Brokerage House Award in 2014
• 2014 Most Popular Forex Brokerage House Award
• Turkey’s Best Forex Company Award in 2016
• Best Forex Broker for 2015 by Global Banking and Finance Review
• Global Banking and Finance Review 2014
• Best Customer Support Providing Forex Agent of 2014″.
• Turkey’s Best Newcomer and Best Customer Support Provides Broker 2014 by Global Banking and Finance Review

CONCLUSION

IsikFX can be summarily described as a worthwhile company for potential traders, as they have maintained a sound reputation in the Forex trade world.

This broker provides very little of the most basic and standard information on its website, and does not support any other language than Turkish.

Read the GCM Forex Review here

DISCLAIMER

IsikFX warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

Before deciding to trade the products offered by IsikFX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

IsikFX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.

Therefore IsikFX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.