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AKBANK

Turkey | 5-10 years |
Listed Suspicious Regulatory License | Global Business | High potential risk

https://www.akbank.com/en-us/Pages/default.aspx

Website

Rating Index

Influence

Influence

AA

Influence index NO.1

Turkey 9.38
Surpassed 15.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

bizeulasin@akbank.com
https://www.akbank.com/en-us/Pages/default.aspx
https://www.facebook.com/akbank
https://twitter.com/akbank

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Turkey
Operating Period
5-10 years
Company Name
AKBANK
Listing Information
Marketing Strategy
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment

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Website

akbank.com
217.169.195.90
Server Location
Turkey
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
1996-01-23
Website
WHOIS.NETWORKSOLUTIONS.COM
Company
NETWORK SOLUTIONS, LLC.

Genealogy

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Relevant Enterprises

AKBANK T.A.S.(Malta)
Active
Malta
Registration No. OC198
Established 2000-10-23
Related sources Others

Company Summary

AKBANK Review Summary
Founded1948
Registered Country/RegionTurkey
RegulationNo regulation
Financial ServicesExpat Banking, Multinational Banking, Affluent Banking, Private Banking
Trading PlatformAkbank Mobile
Customer SupportTel: 444 25 25

AKBANK Information

AKBANK, founded in Turkey in 1948, operates as an unregulated company offering a variety of specialized banking services, including Expat, Multinational, Affluent, and Private Banking. The company provides a mobile trading platform for investments and has a long-standing online presence, although specific fee details are not readily available.

AKBANK Information

Pros and Cons

Pros Cons
Long-established presenceLack of regulation
Wide range of banking servicesLack of specific fee details
Limited channels for customer support

Is AKBANK Legit?

AKBANK is an unregulated broker. The WHOIS search shows the domain akbank.com was registered on January 23, 1996. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar. Please note the potential risks!

AKBANK license
AKBANK domain

AKBANK Products and Services

  1. Expat Banking: AKBANK Expat Banking assists expats in Turkey with multi-currency banking, investments through Ak Securities and Ak Asset Management, travel benefits via Wings Card, tax advice, and tailored insurance, all managed by Expat Relationship Managers.
expat banking
  1. Multinational Banking: AKBANK offers multinational corporations (MNCs) tailored banking solutions, including cash management, trade finance, treasury solutions, e-banking, financing needs, and corporate finance, supported by a dedicated team and robust infrastructure.
multinational banking
  1. Affluent Banking: AKBANK Affluent Banking provides professional services and advantages in banking products, along with financial consulting via dedicated affluent relationship managers. Their “1e1 Banking” offers valuable customers exclusive services and tailored financial advice through a personal relationship manager.
affluent banking
  1. Private Banking: AKBANK Private Banking offers tailored solutions and a personalized service to meet the specific needs and goals of its private banking clients. They aim to provide sophisticated financial management and advisory services.
private banking

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Akbank MobileiOS, AndroidInvestors of all experience levels
MT4/Beginners
MT5/Experienced traders
AKBANK trading platform

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Global Business
  • High potential risk

Wiki Q&A

seejay
Within 1 year

Is AKBANK safe and legit for me to trade with?

WikiFX Reply
AKBANK is certainly a legitimate financial institution in terms of its history and experience, but its safety for trading purposes is a different matter entirely. The lack of regulation is the major risk when considering AKBANK for trading. Without being regulated, there is no guarantee that the bank adheres to the same strict financial practices and protections that regulated brokers do. While AKBANK may offer a wide range of services and has a mobile platform, it is essential to note that the absence of oversight can lead to a less secure trading environment. Trading platforms that are unregulated may expose clients to more significant risks, including potential fraud or the mishandling of funds. For me, as a cautious investor, I would think twice before trading with an unregulated entity. If security and investor protection are top priorities for you, AKBANK might not be the best option for you, especially if you're looking for peace of mind that comes with regulated trading environments. Given the lack of regulation, you should always be mindful of the risks involved and consider alternative options that provide more transparent practices and proper oversight.
Broker Issues
AKBANK
Regulation
08-27
United States
Five8
Within 1 year

Does AKBANK have any cons?

WikiFX Reply
Despite its long history and a broad range of services, AKBANK also has significant drawbacks. The most prominent of these is its lack of regulation. When choosing a financial institution or broker to work with, regulation is one of the most crucial factors to consider. Regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC) ensure that the company operates in a transparent and accountable manner, providing a safety net for customers. The absence of such oversight means that customers may have little recourse if issues arise. For example, if there's a problem with fund management or a dispute arises, unregulated entities do not have the same level of protection in place as regulated brokers do. This makes it riskier for traders, particularly those looking to invest significant sums of money. Additionally, the lack of clear and detailed information on the fees associated with AKBANK’s services raises another concern. Transparent fee structures are essential when working with any financial institution, as hidden or unclear fees can lead to unexpected charges. Furthermore, AKBANK’s limited customer support channels can make it difficult for users to resolve issues in a timely manner. If you need assistance and there are few ways to reach the bank, it can be frustrating, especially when you're dealing with your finances. The overall lack of information, combined with limited support, makes it harder for clients to fully understand the terms of the services they are using. These cons should be weighed carefully before making any decision to invest or trade with AKBANK.
Broker Issues
AKBANK
Regulation
08-25
United States
Yousef47
Within 1 year

Can I use MT4 or MT5 with AKBANK?

WikiFX Reply
No, AKBANK does not support either MT4 or MT5 as trading platforms. This is a significant drawback for traders who are familiar with these platforms, as both are widely regarded as industry standards. MT4 and MT5 provide extensive features such as advanced charting tools, technical indicators, backtesting capabilities, and automated trading strategies, making them ideal for professional traders. The absence of these platforms on AKBANK could be limiting for anyone who relies on these tools for market analysis or executing complex strategies. For me, this is a critical limitation, as many traders consider MT4 and MT5 to be essential for high-level trading. If you're accustomed to using these platforms for their advanced functionality, you may find AKBANK’s mobile platform to be too simplistic for your needs. In that case, I would recommend considering brokers that offer these popular platforms.
Broker Issues
AKBANK
Leverage
Instruments
Platform
Account
07-07
United States
Ashraf Shahhat
Within 1 year

What trading platform does AKBANK provide?

WikiFX Reply
AKBANK provides its own mobile trading platform, AKBANK Mobile, which is available for both iOS and Android devices. This platform is designed for investors of all experience levels, making it a good choice for those who are new to trading or prefer a straightforward, easy-to-use platform. It allows you to manage investments and banking services seamlessly through one app, which is incredibly convenient for users who need flexibility. However, a key limitation of AKBANK's trading platform is that it does not support popular, industry-standard platforms like MT4 or MT5. These platforms are widely used by traders worldwide for their advanced charting capabilities, technical indicators, and broader range of tools. For more experienced traders who rely on these features, AKBANK Mobile may not provide the sophistication required. The lack of support for MT4 and MT5 could be a significant downside for anyone looking to utilize these tools for in-depth market analysis or trading strategies. In my view, the simplicity of the mobile app may make it appealing for those just starting out, but it lacks the depth and customization options that seasoned traders might expect. If you're looking for a platform that offers more complex features, it might be worth exploring other brokers that support these popular trading platforms.
Broker Issues
AKBANK
Instruments
Account
Leverage
Platform
06-12
United States
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