The Turkish government has taken another step into restricting the activities of the forex brokers and traders in the country. According to a publication in the state gazette, leveraged trading or having leveraged trading accounts with foreign brokers that are not licensed by the Turkey's financial markets regulator, the Capital Markets Board (SPK), is illegal for residents of the country. The new restriction in essence means that trading with unregulated forex brokers is forbidden in Turkey. It also means that some of the foreign forex brokers like Saxo Bank and XTB, which recently withdrew from Turkey, but were counting on taking Turkish clients through subsidiaries and partners, might not be able to do so.
Anyway they'll find a loophole, maybe find some local IB's with registration which will act like a white label. Turkey is not a US and foreign brokers will find their way to legally work with Turkish clients.