Exclusive: Capital.com Plans to Enter Turkey, Seeking Local Licence

Capital.com has continued its expansion spree and is now seeking a financial services licence to be regulated in Türkiye, the broker confirmed to FinanceMagnates.com. It is also hiring a Chief Executive for its Turkish operations.

“As part of our global expansion strategy, Capital.com is exploring new licences in several markets, including Turkey,” said Salim Sebbata, Head of Corporate Development at Capital.com.

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Capital.com’s Expansion Push

FinanceMagnates.com recently reported that Capital.com is also seeking a licence in Japan, which is a major market for margin forex trading.

Although the broker did not explicitly name all the markets it plans to enter, its expansion efforts appear aggressive. It is also hiring CEOs for its operations in Brazil and Chile, indicating expansion into those countries as well.

Meanwhile, the broker is expanding not only geographically, but also across products. The group company confirmed that it is investing “in scalable infrastructure and emerging technologies, including blockchain,” hinting that it might add crypto products too.

However, the broker did not specify the products it would offer to Turkish customers.

“While it is too early to confirm specific products, our focus remains on ensuring that any services we launch meet the highest standards of compliance, transparency, and client support,” Sebbatta added.

MENA Traders Dominate

Capital.com, owned by billionaire Viktor Prokopenya, has grown rapidly since its launch in 2017. It offers contracts for differences (CFDs) under authorisation from regulators in the UK, Australia, Cyprus, the UAE, and the Bahamas.

The broker recently revealed that 52 per cent of its H1 2025 trading volume was generated from traders in the Middle East and North Africa (MENA) region. Of that, traders in the UAE alone contributed almost 72 per cent. Capital.com had 35,000 MENA traders compared with 61,400 in Europe, whose share of the broker’s total trading volume was only about 15 per cent.