Turkish regulator blocks access to Avante Trade website
The company has a Turkish-language version of the website, which is, apparently, a reason for the regulator to examine the activities of the broker. The CMB (or SPK, as it is also known) is concerned that the company is targeting Turkish investors without a permission from the regulator.
As a result, the regulator has decided to block access to the website.
Although the Turkish regulator is known for its strictness, it rarely bans websites. Most often it imposes fines. In December last year, the watchdog also blocked access to a Forex broker website – the company that was sanctioned back then was MXTrade.