Forex platforms without a CMB license are frequently used as fraud tools.
Typical Scenarios
- "Guaranteed profit" advertisement on social media
- High starting bonus
- "Expert advice" in the Telegram group
- Problem with withdrawal request
- Sudden closure of account
Unauthorized Platform Symptoms
- Not listed on the CMB website
- Based abroad (Caribbean, Dubai)
- Weak "customer service"
- Contract terms are unclear
Related Crimes
- TCK art.158/1-f fraud with information system
- CMB market manipulation
- CMK Unlicensed activity (Capital Market Law)
What the Victim Should Do
- CMB complaint
- Public Prosecutor's Office
- BRSA complaint (if there are bank transfers)
- EGM Cyber Crimes
- Process with a lawyer
CMK Licensed Forex Brokers
- Only through CMB licensed brokers in Türkiye forex
- License check: spk.gov.tr
- Low leverage limits (max 1:10)
Supreme Court 23. CD
23. CD accepts that unauthorized forex platforms are "organized fraud" and that heavy penalties should be given to managers.
IT and capital markets lawyer is recommended.