With the rapid development of Turkey’s economy in recent years, investing in Turkey has become increasingly attractive. More and more investors are eyeing the potential opportunities in this emerging market. However, the investment environment and options in Turkey can be quite different from other countries. This is where investing apps designed specifically for Turkey come in handy. These apps provide a convenient gateway for foreigners to invest in Turkish assets.
Overview of popular Turkey investment apps
There are a few reputable investing apps that provide easy access to Turkish stocks, ETFs, mutual funds, and real estate:
– Borsa Istanbul app – Created by the Turkish stock exchange Borsa Istanbul, this app allows investing in Turkish stocks and ETFs. It provides real-time stock data, analysis tools, and trading functions.
– ING Investing app – Offered by major Dutch bank ING, the app offers Turkish mutual funds and ETFs with low fees. It has basic research tools and portfolio management functions.
– Sahibinden – The largest real estate platform in Turkey. It provides listings of Turkish properties in different cities. Users can search, shortlist and contact agents easily.
– Token Türkiye – A leading crypto app providing access to major Turkish crypto exchanges and wallets. Users can conveniently buy, sell and store Turkish crypto assets.
Key benefits of using Turkey investment apps
These Turkey-focused investing apps offer significant advantages to foreign investors:
– Local experience and insights – The apps are designed specifically for investing in the Turkish markets. They incorporate localized data, analysis, and tools tailored for Turkish assets.
– Low barrier to entry – Opening a trading account on the apps is quick and easy even for foreign investors. Minimal paperwork is required.
– Cost efficiency – Investing through the apps allows bypassing high fees charged by traditional brokers and banks.
– Real-time mobile access – Investors can monitor portfolios and make trades anytime, anywhere on their smartphones.
– User-friendly interface – The apps provide an intuitive user experience and simplify complex financial concepts for novice investors.
– Security – Reputable apps employ robust security protections including SSL encryption, two-factor authentication, and cybersecurity monitoring.
Step-by-step guide to start investing in Turkey with apps
Here is a simple step-by-step guide to start investing in Turkey through a mobile app:
1. Choose an investing app based on the types of assets you want exposure to – stocks, mutual funds, ETFs, real estate or crypto.
2. Download the app on your smartphone and complete a quick registration process. Foreign passport details are required.
3. Fund your account via bank transfer or credit card to have investment capital ready. TransferWise provides fast and low-cost transfers into Turkish bank accounts.
4. Browse investment products like stocks, funds or properties and add interesting ones to your watchlist.
5. Analyze historical performance data, financials metrics and other research provided in the app.
6. Execute trades or make purchase orders for your chosen investments.
7. The app allows you to seamlessly monitor your portfolio value, dividend payments, and trading activity.
8. You can also set up recurring deposits to steadily build your investments over time in a hands-off manner.
Investing apps tailored for Turkey provide foreign investors an easy and efficient platform to tap into the growth potential of this emerging market. Their localization, convenience and cost advantages outweigh traditional investment approaches. With the right Turkey-focused app, investors can build and manage a Turkish investment portfolio right from their smartphones.