Vakıf Yatırım Menkul Değerler A.Ş. offers domestic securities, VİOP, advisory and portfolio services, with leveraged currency and CFD trading through VakıfFX. A directly opened brokerage account and an account introduced through a bank do not have identical features or funding instructions. The current linked tariff contains useful detailed charges, alongside inconsistent custody and cancellation-rate units that should be resolved in the accepted account quotation.[1][7][6][4][13]
Broker essentials01
Vakıf Yatırım at a glance
| Measure | Value | Context |
|---|---|---|
| Entity | Vakıf Yatırım Menkul Değerler A.Ş. | Source 1 |
| Ownership | VakıfBank owns 99.50% directly and 100% including indirect holdings. | Source 2 |
| Domestic dealing tariff | Shares, ETFs and warrants: 0.20% plus BSMV; VİOP: 0.02% plus BSMV in the linked schedule. | Source 4 |
| FX minimum | TRY 50,000 or equivalent before leveraged trading; not a universal opening minimum for all products. | Source 13 |
| VİOP uplift | Generally 20% above Takasbank’s requirement, with specified contracts at twice Takasbank’s requirement in the 2 October 2026 table. | Source 8 |
| Current register status | SPK lists the firm and its broad-authority certificate as active as checked on 27 October 2026. | Source 22 |
Accounts and eligibility
Sections ↑Account comparison02
Direct and VakıfBank account routes
| Item | Terms |
|---|---|
| VakıfBank customer | Open through the bank’s mobile or Internet Banking investment-account menus.Source 1 |
| Direct broker account | The firm provides its own account-opening route for services unavailable in the bank-introduced account.Source 1 |
| Bank-route restriction | The opening notice excludes equity credit, short selling, securities lending and intraday credit-limit services from the VakıfBank route.Source 1 |
| Required service selection | Clients seeking those facilities are directed to open directly with Vakıf Yatırım.Source 1 |
Account comparison03
Mobile account eligibility and activation
| Item | Terms |
|---|---|
| Eligible routes | The mobile page names accounts opened through Vakıf Yatırım, Vakıf Katılım or Kuveyt Türk.Source 6 |
| Credentials | Use a Vakıf Yatırım username and password.Source 6 |
| Initial password request | Complete the individual password-request form, then confirm by calling 0850 222 77 72.Source 6 |
| Authentication option | The app advertises facial recognition for login without waiting for an SMS.Source 6 |
Account comparison04
FX account categories
| Item | Terms |
|---|---|
| Standard | A distinct published target-spread column.Source 14Source 13Source 1 |
| Premium | A lower target-spread column for many instruments; the public table does not specify a universal qualification balance.Source 14Source 13Source 1 |
| Starting collateral | At least TRY 50,000 or equivalent before trading.Source 14Source 13Source 1 |
| Account opening | The FX guide requires an underlying Vakıf Yatırım account before the FX application.Source 14Source 13Source 1 |
Products and markets
Sections ↑Specifications05
Domestic markets and services
| Item | Terms |
|---|---|
| Shares and warrants | Domestic equity and warrant dealing.Source 9Source 1 |
| VİOP | Exchange-traded futures and options.Source 9Source 1 |
| Debt and funds | Domestic debt instruments, repo and TEFAS fund distribution are listed in the execution policy.Source 9Source 1 |
| Advice and management | Investment advice and individual portfolio management require the applicable service relationship.Source 9Source 1 |
Specifications06
VakıfFX product scope
| Item | Terms |
|---|---|
| Currencies | Leveraged currency pairs.Source 14Source 16Source 18 |
| CFDs | The account table includes indices, metals and energy exposures.Source 14Source 16Source 18 |
| Oil contracts | USOIL and UKOIL have published expiry dates, rather than being perpetual cash holdings.Source 14Source 16Source 18 |
| Underlying ownership | CFD exposure does not confer ownership of the underlying commodity or index constituents.Source 14Source 16Source 18 |
Commissions and other costs
Sections ↑The fee form is linked from the current regulatory-disclosure page. Its filename includes 180326, but the document does not state a clear effective date. Charges marked “plus BSMV” remain before that tax. Two internal unit discrepancies are set out below; they should not be converted into a single assured rate.[5][4]
Pricing & charges07
Trading and redemption charges
| Item | Terms |
|---|---|
| Shares, ETFs and warrants | 0.20% of market value plus BSMV.Source 4 |
| VİOP contracts | 0.02% of transaction volume plus BSMV for both the fixed and internet rate entries.Source 4 |
| Warrant expiry redemption | 0.20% of the redemption amount plus BSMV.Source 4 |
| Domestic bond/sukuk market trades | 0.05% plus BSMV.Source 4 |
| Treasury auction participation | 0.05% plus BSMV, minimum TRY 25 and maximum TRY 5,000.Source 4 |
| Specified debt principal/coupon redemption | 0.02% annual rate on nominal value plus BSMV, collected on the relevant event.Source 4 |
Pricing & charges08
Electronic and assisted cash-transfer charges
| Item | Terms |
|---|---|
| Up to TRY 8,300 | TRY 30 online / TRY 85 standard.Source 4 |
| TRY 8,300–400,000 band | TRY 60 online / TRY 170 standard.Source 4 |
| TRY 400,000 and above | TRY 400 online / TRY 1,200 standard.Source 4 |
| Online internal bank transfer | Free in the tariff.Source 4 |
| Tax and boundary treatment | Quoted EFT charges exclude BSMV; the printed bands share boundary values, so the account quotation should resolve exact-boundary treatment.Source 4 |
Pricing & charges09
Securities transfer charges
| Item | Terms |
|---|---|
| Own-name transfer to another member | TRY 20 per transaction.Source 4 |
| Own-name transfer within the member | TRY 4 per transaction.Source 4 |
| Different-owner transfer to another member | TRY 360 per transaction.Source 4 |
| Different-owner transfer within the member | TRY 66 per transaction.Source 4 |
| Debt-securities transfer | 0.10% of nominal value plus BSMV; minimum TRY 50, maximum TRY 500.Source 4 |
| Electronic conditional transfer on-exchange | TRY 27.50; a written instruction is charged at twice the electronic amount.Source 4 |
Pricing & charges10
Account, custody and record charges
| Item | Terms |
|---|---|
| MKK account opening | TRY 21.30 plus BSMV, once.Source 4 |
| MKK maintenance | TRY 0.1155 per day plus BSMV for the stated custody-balance threshold of TRY 1,000; collected monthly.Source 4 |
| Government debt custody | 0.005% annually on nominal value plus BSMV; monthly collection.Source 4 |
| Other investment-fund custody | 0.01% annually on units × unit price plus BSMV; monthly collection.Source 4 |
| Postal account statement | TRY 280 plus BSMV per dispatch.Source 4 |
| Registry/password dispatch | TRY 55.68 plus BSMV.Source 4 |
Pricing & charges11
Corporate actions and other event costs
| Item | Terms |
|---|---|
| Capital increase allocation | 0.05% of allocated shares’ market value plus BSMV.Source 4 |
| Dividend payment | 0.05% of the dividend amount plus BSMV.Source 4 |
| Capital reduction/merger | 0.05% of the reduced portion’s market value plus BSMV.Source 4 |
| Physical share delivery | 0.10% of nominal value plus BSMV, minimum TRY 50 plus BSMV.Source 4 |
| Real-estate certificate delivery request | TRY 1,000 plus BSMV for every submitted request, regardless of cancellation, refund or issuer-approval outcome.Source 4 |
Pricing & charges12
Rate discrepancies in the posted form
| Item | Terms |
|---|---|
| Listed-share custody | Page 1 prints an annual 0.084% but describes it as 0.84 per 10,000, which equals 0.0084%. Page 2 introduces another inconsistent written description.Source 4 |
| VİOP order cancellation | The printed percentage is 0.000012%, while the written 1.2 per 100,000 equals 0.0012%.Source 4 |
| Cancellation base | The form applies the cancellation calculation to the excess where cancelled-order value exceeds 50% of the relevant monthly member trading volume.Source 4 |
| Practical consequence | Obtain the agreed custody and cancellation rates with the charge base and period before relying on a numerical cost estimate.Source 4 |
Pricing & charges13
VakıfFX target major-pair spreads
These are the broker’s best target spreads in normal conditions, not measured averages or fixed quotes. The FX FAQ states no per-transaction FX commission, while overnight swap and spread widening still affect the result. The domestic share tariff must not be applied to this account.[14][13][4]
Trading and order handling
Sections ↑Process14
Order acceptance and monitoring
| Item | Terms |
|---|---|
| Pre-funding | The execution policy requires cash for a purchase and securities for a sale before the relevant instruction.Source 9 |
| Instructions | Orders must identify the instrument and terms clearly; ambiguous instructions can be deferred.Source 9 |
| Tracking | The client is responsible for monitoring order results through the available confirmation channels.Source 9 |
| Execution standard | The policy seeks the best achievable result but expressly does not guarantee the best price in every trade.Source 9 |
Process15
VİOP margin table: correct interpretation
| Item | Terms |
|---|---|
| Published update | 2 October 2026.Source 8 |
| General multiplier | Initial collateral is 20% above Takasbank’s requirement.Source 8 |
| Higher multipliers | Named share contracts and several index, electricity, reference-rate and bond contracts are set at twice the Takasbank requirement.Source 8 |
| PSR values | The table’s price-scanning-range inputs are risk-model parameters; they are not a universal cash deposit percentage for every portfolio.Source 8 |
Process16
FX margin and liquidation
| Item | Terms |
|---|---|
| Current advertised leverage | Maximum 10:1 under the FX FAQ.Source 13Source 18Source 9 |
| Older risk-form discrepancy | The linked risk form still contains a 100:1 introductory statement; it conflicts with the current FAQ’s 10:1 limit.Source 13Source 18Source 9 |
| Warning and stop-out description | The linked form describes a 75% warning and 50% stop-out, while the execution policy reserves the firm’s ability to set the actual stop-out level.Source 13Source 18Source 9 |
| Execution gaps | Liquidation can occur beyond the indicated threshold when prices gap or liquidity is limited; the active account specification remains decisive.Source 13Source 18Source 9 |
Process17
Oil CFD expiries published for October–November 2026
| Item | Terms |
|---|---|
| UKOIL | 29 October 2026 at 18:00 Türkiye time; the published notice schedules closure of open UKOIL and UKOIL.P positions at that cutoff.Source 16Source 13 |
| USOIL | 19 November 2026 at 18:00 in the published calendar.Source 16Source 13 |
| Next UKOIL expiry | 27 November 2026 at 18:00.Source 16Source 13 |
| Contract management | Use the relevant symbol and expiry notice; positions are not ordinary undated oil holdings.Source 16Source 13 |
Funding, withdrawals and transfers
Sections ↑Process18
Choose the correct domestic funding route
| Item | Terms |
|---|---|
| VakıfBank account | Use the bank’s investment deposit/withdrawal menus.Source 7 |
| Direct brokerage account | The public transfer page gives the broker’s account and requires the eight-digit client number, name and Turkish identity number in the payment reference.Source 7 |
| Introduced bank accounts | The broker warns VakıfBank, Vakıf Katılım and Kuveyt Türk clients not to use the direct-account IBAN because their cash is tracked at their bank.Source 7 |
| Beneficiary check | Use the current official transfer instructions for the relevant account route before sending money.Source 7 |
Process19
FX deposit currency and conversion
| Item | Terms |
|---|---|
| Deposit currencies | The FX funding page provides TRY and USD bank accounts.Source 15Source 9 |
| TRY deposit | Converted into USD at the relevant bank’s counter rate before being credited.Source 15Source 9 |
| Payment reference | Use the client number and account holder’s name.Source 15Source 9 |
| Custody movement | The execution policy describes forwarding client collateral to the relevant Takasbank client subaccount.Source 15Source 9 |
Process20
FX withdrawal timing
| Item | Terms |
|---|---|
| Request cutoff | The FX funding page accepts instructions up to 16:00 during the day.Source 15Source 9 |
| Foreign-currency value date | The execution policy separately states requests by 12:00 receive same-day value; later requests receive next-day value.Source 15Source 9 |
| Contractual payment limit | The policy says client receivables are paid in full within two business days of request.Source 15Source 9 |
| Available collateral | Open positions and required collateral constrain the amount that can be released.Source 15Source 9 |
Regulation, custody and protection
Sections ↑Protections & eligibility21
Regulatory scope and client assets
| Item | Terms |
|---|---|
| Authority record | SPK’s current entity list includes leveraged-FX dealing, alongside the firm’s other permitted activities.Source 23Source 3Source 9 |
| Website matrix limitation | The broker’s summary matrix omits a leveraged-FX row; the specific SPK activity record resolves that omission.Source 23Source 3Source 9 |
| Limited custody | The firm provides limited custody in connection with its covered services.Source 23Source 3Source 9 |
| Retail FX additional losses | The execution policy says excess losses caused by market conditions are not collected from general clients; professional-client provisions differ.Source 23Source 3Source 9 |
Protections & eligibility22
Investor compensation: scope and limit
| Item | Terms |
|---|---|
| 2026 maximum | TRY 2,065,145 for an eligible investor at the failed investment institution.Source 19Source 20 |
| Aggregation | Accounts, currencies and investment products at the same institution share the limit; it is not a separate allowance for every account.Source 19Source 20 |
| Trigger | An SPK compensation decision following failure to meet eligible money-payment or securities-delivery obligations.Source 19Source 20 |
| Excluded loss | Market-price losses and losses arising from investment advice are outside this protection.Source 19Source 20 |
Protections & eligibility23
Foreign assets and claim conditions
| Item | Terms |
|---|---|
| Foreign-issued securities | Coverage requires the relevant central custody or collateral arrangements at MKK or Takasbank. An overseas product is not automatically covered simply because the intermediary is Turkish.Source 21Source 9 |
| OTC derivatives | Coverage is conditional on the institution having paid the relevant YTM contributions.Source 21Source 9 |
| Claim route | Apply to YTM with evidence of entitlement following the published compensation notice; the regulation sets a one-year limitation from that notice.Source 21Source 9 |
| Separate safeguards | Custody records and statutory compensation do not insure trading returns or replace product-specific collateral obligations.Source 21Source 9 |
Support and service continuity
Sections ↑Process24
Contacts and continuity
| Item | Terms |
|---|---|
| Customer service | 0850 222 77 72.Source 6Source 1Source 11Source 12 |
| Head office | +90 212 352 35 77.Source 6Source 1Source 11Source 12 |
| Technical outage | The technology disclosure says customers can continue giving verbal orders through the relevant telephone lines.Source 6Source 1Source 11Source 12 |
| Branch disruption | The continuity plan routes affected branch telephone lines to head office.Source 6Source 1Source 11Source 12 |
| Wider disruption | The plan directs clients to the call centre, Internet Branch and customer services; it is not a guarantee that every venue remains available.Source 6Source 1Source 11Source 12 |
Process25
Authentication and account queries
| Item | Terms |
|---|---|
| Identity check | Account transactions and personal information require authentication; unauthenticated responses are limited to general information.Source 10Source 6 |
| Suspicious message | The electronic-service terms direct clients to customer service when a link or password request is uncertain.Source 10Source 6 |
| Transaction evidence | The firm records account activity and retains it under its confidentiality arrangements.Source 10Source 6 |
| Mobile reports | The mobile application lists transaction reports among its supported functions.Source 10Source 6 |
Research and additional services
Sections ↑Availability26
Mobile functions and current limitations
| Item | Terms |
|---|---|
| Orders | Share and VİOP dealing, including share chain orders.Source 6 |
| Cash and collateral | EFT/internal transfers and VİOP collateral operations.Source 6 |
| Monitoring | Price alerts, news alerts and transaction reports.Source 6 |
| Market data | The app advertises free real-time basic quotations.Source 6 |
| Funds | The current mobile page still labels fund buying/selling as coming soon; it is not presented as an already available app feature.Source 6 |
Availability27
Platform and advisory distinctions
| Item | Terms |
|---|---|
| Domestic browser access | Internet Branch and Web Trader are linked by the main website.Source 1Source 17Source 18 |
| FX platform | MT4 desktop, iPhone/iPad and Android versions are listed on the FX site.Source 1Source 17Source 18 |
| Advice and discretionary management | Separate regulated services; general website research does not establish a management mandate.Source 1Source 17Source 18 |
| FX restriction | The linked leveraged-trading risk form says individual portfolio management and investment advice are not provided within that FX service.Source 1Source 17Source 18 |
Company and legal identity
Sections ↑Regional comparison28
Corporate background
| Item | Terms |
|---|---|
| Established | November 1996.Source 1Source 2 |
| Paid-in capital | The company profile states TRY 2.5 billion following the increase on 30 April 2026.Source 1Source 2 |
| Direct ownership | VakıfBank 99.50%; Vakıf Finansal Kiralama 0.25%; Vakıf Pazarlama 0.25%.Source 1Source 2 |
| Indirect ownership | The ownership page states VakıfBank’s aggregate indirect ownership is 100%.Source 1Source 2 |
| Distribution | The company reports its head office and 13 branches, with additional reach through VakıfBank’s order-transmission network.Source 1Source 2 |
- Headquarters
- Türkiye
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Vakıf Yatırım Menkul Değerler A.Ş.
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Capital Markets Board of Türkiye (SPK)25 | Authorised | Checked 27 Oct 2026Broad-authority intermediary; precise investment activity permissions are in the current SPK entity list. Product availability remains subject to the relevant account agreement.Source 22Source 23 |
Practical account considerations
Sections ↑Scenarios29
Terms worth resolving for the chosen account
| Item | Terms |
|---|---|
| Holding securities | Obtain a custody rate that resolves the printed percentage/wording conflict and confirms its annual base and collection interval.Source 4Source 7Source 1Source 13Source 18Source 16 |
| Frequent cancellations | Clarify the VİOP cancellation rate and how the member-level threshold is allocated to the account.Source 4Source 7Source 1Source 13Source 18Source 16 |
| Bank-introduced account | Confirm permitted services and the bank cash route before transferring assets.Source 4Source 7Source 1Source 13Source 18Source 16 |
| FX positions | Use current margin and expiry notices, since the linked risk form retains an obsolete leverage statement.Source 4Source 7Source 1Source 13Source 18Source 16 |
Sources & further reading
- Company profile and account-opening channel distinctions Vakıf Yatırım · Accessed 27 Oct 2026
- Direct and indirect ownership Vakıf Yatırım · Accessed 27 Oct 2026
- Broker-published investment activity matrix Vakıf Yatırım · Accessed 27 Oct 2026
- Investment products fee and commission form — current linked file 180326 Vakıf Yatırım · Accessed 27 Oct 2026
- Current regulatory disclosures and document index Vakıf Yatırım · Accessed 27 Oct 2026
- Vakıf Yatırım Mobile features and eligible account routes Vakıf Yatırım · Accessed 27 Oct 2026
- Cash transfers: direct versus introduced accounts Vakıf Yatırım · Accessed 27 Oct 2026
- VİOP collateral parameters — updated 2 October 2026 Vakıf Yatırım · Accessed 27 Oct 2026
- Order-execution, collateral and custody policy Vakıf Yatırım · Accessed 27 Oct 2026
- Electronic-service terms and authentication safeguards Vakıf Yatırım · Accessed 27 Oct 2026
- Platform requirements and telephone dealing fallback Vakıf Yatırım · Accessed 27 Oct 2026
- Business and IT continuity disclosure Vakıf Yatırım · Accessed 27 Oct 2026
- VakıfFX account, leverage and commission FAQ Vakıf Yatırım · Accessed 27 Oct 2026
- Standard and Premium target spreads Vakıf Yatırım · Accessed 27 Oct 2026
- VakıfFX deposit conversion and withdrawal instructions Vakıf Yatırım · Accessed 27 Oct 2026
- Current oil CFD expiry calendar Vakıf Yatırım · Accessed 29 Oct 2026
- VakıfFX MT4 desktop and mobile platforms Vakıf Yatırım · Accessed 27 Oct 2026
- Linked leveraged-trading risk disclosure Vakıf Yatırım · Accessed 27 Oct 2026
- YTM — investor compensation limits for 2026 Yatırımcı Tazmin Merkezi · Accessed 29 Oct 2026
- YTM — claims eligible for investor compensation Yatırımcı Tazmin Merkezi · Accessed 27 Oct 2026
- Investor compensation and gradual liquidation regulation — consolidated text Yatırımcı Tazmin Merkezi · Accessed 27 Oct 2026
- SPK official current intermediary authorisation register Capital Markets Board of Türkiye · Accessed 27 Oct 2026
- SPK current activity permissions for Vakıf Yatırım Capital Markets Board of Türkiye · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.