The Capital Markets Board (Sermaye Piyasası Kurulu, or CMB) is Turkey's regulatory and supervisory authority for the securities markets. Established in 1982, the CMB oversees capital market activities, licenses intermediary institutions, and enforces compliance with securities law across one of the most active emerging financial markets in the world.
About CMB Turkey
The Capital Markets Board of Turkey (CMB) was established in 1982 as the regulatory and supervisory authority for the Turkish capital markets. The CMB is responsible for overseeing and regulating issuers of securities, intermediary institutions, collective investment schemes, and the stock exchange. Turkey has imposed some of the world's strictest retail forex leverage limits at 1:10, significantly reducing the risk exposure for retail traders.
- Investor Compensation Centre (YTM) for eligible claims
- Licensing and registration of capital market institutions
- Strict leverage limits — 1:10 for retail forex trading
- Market surveillance and enforcement capabilities
| Instrument | Retail | Professional |
|---|---|---|
| Major Forex | 1:10 | 1:10 |
| Minor Forex | 1:10 | 1:10 |
| Gold | 1:10 | 1:10 |
| Indices | 1:10 | 1:10 |
Turkey has one of the world's strictest retail leverage limits at 1:10.
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