It is a service provided by QNB Invest that allows its customers to conduct real-time buying and selling of parities (foreign currencies and major metals) on the interbank over-the-counter (OTC) market, 24 hours a day, 5 days a week via the internet. The Over-the-Counter (OTC) market is the world's most liquid market, accessible to market participants directly or only via an internet connection at any time of the day, without being included in a specific established stock exchange.

What is Forex?

Yes, depending on the leverage ratio. The leverage system is one of the most important features of the Forex market. As this ratio increases, the risk increases proportionally. The leverage effect can lead to high gains but also to high losses. As a result of adverse price movements, you may lose all of the collateral you have deposited. However, the amount you may lose will not be more than the collateral you have deposited. By law, the maximum leverage ratio that can be applied is 1:10.

If you have an investment account with QNB Invest, it is sufficient to sign the Forex agreement and submit it to your customer representative to carry out leveraged buying and selling transactions.

Yes, there is a minimum limit application of 50,000 TL or its equivalent in foreign currency to perform Forex transactions.

You can find the products you can trade in the Forex Markets here. For detailed information on spreads and swaps, you can contact us at 0212 336 72 72.

CFDs Contracts for Difference

Commodities

Forex

Forex markets are open 24 hours a day, 5 days a week.

• Opening: New York: Sunday 17:00 / Türkiye: Monday 00:15
• Closing: New York: Friday 16:00 / Türkiye: Friday 23:55

The Capital Markets Board (SPK) has changed the maximum leverage ratio applied in leveraged trading transactions and the initial margin amounts required to execute leveraged trading transactions in the Communiqué Series:III-37.1 on the Principles Regarding Investment Services and Activities and Ancillary Services (“Communiqué”), and these changes were published in the Official Gazette on 10.02.2017.

According to the aforementioned Communiqué: The leverage ratio in leveraged transactions is the ratio that shows the position amount that can be taken against the collateral amount deposited for the transaction. The leverage ratio to be applied when the position is first opened in leveraged transactions cannot exceed 10:1. Investors can also use 1:1 and 1:10 leverage options, provided they adhere to the maximum leverage ratios.

No commission or charge is taken for your Forex transactions; the cost of Forex transactions consists of the difference between the buying and selling price (spread).

You can carry out your Forex transactions via MetaTrader5, MetaTrader5 Mobile, or Webtrader by logging into our website at www.qnbinvest.com.tr and selecting the Transactions > FX menu step. Click here for detailed information.

Yes, you can access the demo program here.

As per the SPK communiqué, it is mandatory to execute at least 50 transactions over a minimum of 6 business days in the demo account before opening a real Forex account.

Transactions at banks and currency exchange offices are done manually, whereas in Forex, transactions are performed quickly in an online environment. The bid-ask spread in the Forex market is much narrower than that in banks and currency exchange offices. The leverage applied in Forex is not available in banks and currency exchange offices. While Forex markets trade 24 hours a day, you can only trade during business hours at banks and currency exchange offices. Therefore, in Forex markets, you can execute larger-scale transactions with much lower costs and around the clock.

The bank account numbers you can send money to for Forex transactions are as follows:

Bank: QNB Bank A.Ş.

Account Holder or Payee Name: QNB Yatırım Menkul Değerler A.Ş.

Description: QNB Invest Account No - Full Name

The QNB Invest account number and the full name of the account holder must be included in the description information.

You can perform your withdrawal transactions by logging into our website at www.qnbinvest.com.tr with your password, going to the Transactions > Money Transfers step, or by sending an instruction to your Customer Representative.

Yes, you can withdraw, but the amount you withdraw from your account must be in your free margin and must not endanger the closing of your open positions.

Margin deposit transactions are carried out between 09:00 and 17:45. You can perform margin withdrawal transactions between 09:00 and 17:45 if your free margin is sufficient. However, you can withdraw the profit amount earned during the day on the T+1 business day between 09:00 and 17:45. The collateral you hold in the investment sub-account for leveraged buying and selling transactions is transferred to your account at Takasbank. If the cash in your investment account at QNB Invest is in a currency different from the currency you wish to trade, the said cash is converted by QNB Invest to the relevant currency.

If the collateral amount in your account falls below 75% of the initial margin amount, a margin call is made via the platform. In this case, you must restore your margin to the required level by closing positions or depositing cash. Otherwise, when your margin level reaches 30%, your open positions will be automatically closed one by one, starting from the position with the greatest loss, until the 30% margin level is reached.