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Notice: USD/TRY, EUR/TRY to Be Placed in Close Only Mode

| Posted on |

Published: [15.07.2026]
Effective: [22.07.2026]

Dear Clients,

Please be advised that, due to current market conditions in the USD/TRY, EUR/TRY (US Dollar / Turkish Lira, Euro / Turkish Lira) currency pair, we are temporarily placing this instrument into Close Only mode.

This decision has been made in order to protect our clients’ interests and is driven by the following factors:

– Elevated volatility and gap risk. USD/TRY, EUR/TRY is trading near all-time highs amid a managed decline of the lira, creating the risk of sharp price jumps — particularly at the market close ahead of weekends.

– Reduced liquidity. Liquidity providers have significantly widened spreads on the pair and, during certain periods, have ceased providing quotes, making the proper execution of new orders impossible.

– Rising swap costs. The substantial interest rate differential (the Central Bank of Türkiye’s policy rate stands at 37%) makes holding positions expensive and difficult to predict.


– Regulatory restrictions and capital controls. Tightening capital controls in Türkiye are limiting access to the underlying currency for hedging purposes.

What this means for you:

  • You may close or reduce your existing USD/TRY positions as normal.
  • Opening new positions or increasing existing ones is temporarily unavailable.
  • Pending orders to open new positions in this instrument will be cancelled.

We recommend that you review your open USD/TRY, EUR/TRY positions in advance and adjust them as needed, taking into account the increased margin requirements and market risks.

We are monitoring the situation closely and will restore full trading in this instrument as soon as market conditions normalize. We will notify you of any changes.

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