Economy
Traders Union Analysts Have Determined the Best Binary Trading Apps in Turkey

Finding the right binary trading apps in Turkey can be tricky because of the many brokers and rules. Binary trading isn’t fully regulated, so picking the best brokers is extra important. While good trading strategies matter, the key to success is choosing the best binary trading app in Turkey. This choice can make or break outcomes, determining traders’ positions on the winning side. For those on the hunt for the best binary trading apps in Turkey, this article from Traders Union serves as the much-needed guide.
Binary Trading: How Does It Actually Work?
If you’re interested in understanding the inner workings of binary trading, skilled trading analysts can offer an explanation. Traders make predictions about whether a specific currency will increase or decrease in value during a set period. The core idea revolves around a clear yes-or-no proposition. Accurate predictions could lead to doubling one’s investment, based on the broker’s payout setup. Conversely, an incorrect prediction could result in losing the initial invested amount. This method presents a simple yet effective approach for engaging in the world of financial markets.
Binary Trading Apps in Turkey: TU Analysts’ Top Picks
Traders Union’s team of experts has put together a special list of top apps that fit different trading styles. Whether you love analyzing charts, are new and want something easy to use, want quick profits, or are an experienced trader aiming for precision, they’ve got you covered. They’re designed to match your style and goals, making your trading experience smooth and successful.
- Quotex – Perfect for traders who thrive on chart analysis, observing market fluctuations has never been this engaging.
- Binarium – Designed with novices in mind, this app offers an intuitive platform to kickstart your binary trading journey.
- IQ Option – Catering to investors seeking swift returns, this app is optimized for those aiming for short-term gains.
- Expert Option – Tailored for professional traders with a preference for binary options, this app is a versatile choice.
- Binary.com – Bridging the gap between novices and seasoned traders, this app offers a versatile platform for all skill levels.
How do the best binary trading apps compare?
Multiple factors within the realm of binary trading in Turkey can be utilized to assess and contrast the top brokers in the country. The following are key aspects that one can take into account:
- Licensing & Regulation: Trusted platforms hold authentic licenses regulated by Turkey’s financial boards, ensuring transparent and beneficial services while adhering to user privacy.
- Minimal Deposit: Platforms like Quotex and Binary.com offer entry accounts starting at $5-$10, allowing beginners to learn before committing larger sums.
- Reputation & Trustworthiness: Well-known platforms with a large number of users and positive feedback can be considered reliable.
When comparing the best binary trading apps in Turkey, it’s crucial to consider factors like licensing, minimal deposit requirements, and reputation. Brokers with licenses and official registration, low minimum deposits, and a good reputation can offer users a reliable service and secure transaction processing.
Conclusion
In conclusion, the world of binary trading in Turkey requires careful consideration and informed decisions. TU analysts have reviewed the best binary trading apps. The list of reliable companies includes Quotex, Binarium, IQ Option, Expert Option, and Binary.com. Each of these companies offers something unique for both beginners and experienced traders. To make informed decisions, it is recommended to delve deeper into each trading platform. Pay special attention to the minimum deposit size, the broker’s reputation, licensing, and positive reviews. By learning from more experienced colleagues and studying recommendations and ratings from Traders Union analysts, you can make a well-informed decision and find a reputable broker for binary trading.
Economy
Oando Distributes 679,364,206 Shares to Eligible Shareholders

By Aduragbemi Omiyale
A total of 679,364,206 shares have been distributed to eligible shareholders of Oando Plc in the first tranche of its Share Distribution Programme.
The stocks were given to shareholders whose names were in the company’s register of members as of February 14, 2025, on the basis of one fully paid share for every 12 existing shares, following receipt of regulatory clearance in July 2025.
The share distribution programme followed the resolution passed by investors at the organisation’s 45th Annual General Meeting (AGM) in December 2024 for the “settlement through the surrender of shares to the company, with subsequent pro-rata distribution of some or all of these shares to existing shareholders.”
The phase one distribution is for a total of 1,283,712,601 shares in two tranches, with the first tranche comprising 679,364,206 shares and the second tranche consisting of 604,348,395 shares.
In a statement signed by the company secretary and Chief Compliance Officer, Mrs Folashade Ibidapo-Obe, Oando expressed its delight at completing the tranche one of the scheme.
It disclosed that the timing for the second tranche, applicable to shareholders on the register of members as of June 30, 2025, would be announced at a later date, as determined by the board.
It advised shareholders who have yet to receive their allocation to contact the registrars promptly to regularise their details and facilitate settlement.
In the notice filed to the Nigerian Exchange (NGX) Limited, the energy company quoted its chief executive, Mr Wale Tinubu, as saying, “This initiative underscores our unwavering commitment to delivering tangible value to our shareholders.”
“By issuing one fully paid share for every twelve existing shares, with no dilution, we have effectively delivered an 8.3 per cent yield at today’s market price thus aligning shareholder’s interests with our long-term growth ambitions.”
Economy
FG Confirms Significant Shortfall in H1 2025 Oil Revenue

By Adedapo Adesanya
The federal government has confirmed suffering a significant shortfall in Nigeria’s oil revenue in the first half of the year despite surpassing the gross receipts recorded in the corresponding period of 2024.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made the disclosure in Abuja at a press briefing on Thursday.
Mr Edun stated that while oil price benchmark in the 2025 budget was $75 per barrel, average sales for the half year was $67 per barrel, revealing that average oil production per day was $1.67 million barrels against the budget projection of 2.06 million barrels per day.
Giving some updates on major sectors, the Minister said, “In the oil and gas sector, average production in the first half of 2025 was 1.67 million barrels per day.
“Significantly, that is below the 2.06 million barrels budgeted, and that is of note.
“The average crude price also in the budget was put at $75 per barrel; we’ve had an average price of $67 per barrel. We have maintained compliance with the OPEC quota, and as you can see from the figures I’ve given, there has been a revenue.”
He stated that in response to the shortfall, the federal government prioritised spending on sectors that directly impacted citizens and supported growth ambitions.
Mr Edun disclosed that despite the shortfall in oil revenue, gross revenue stood at 37.4 per cent in the first half of 2025, surpassing the performance recorded in the same period of 2024.
According to him, this signalled improved fiscal discipline and prudent resource management.
The finance minister explained that the states and the Federal Capital Territory (FCT) now operated in a more robust fiscal space due to increased allocations from the Federation Account and other releases due to them.
Mr Edun said the states and FCT combined fiscal balance grew from N2.8 trillion in 2023 to N7.1 trillion in 2025, helping them to support capital projects in education, health, and other infrastructure.
Giving further insight into what states had been receiving, he said, “I would call it a build-up of funds that were due that hadn’t been paid to them, and under the law, under the regulations, have been made available to the states. And this, as we have said, has increased their surpluses such that the states in the first half of this year enjoyed budget surpluses of 3.1 per cent of GDP, which was way up, almost double previously the situation that they had with about 1.8 per cent of GDP surplus.
“So, in a nutshell, the funding to the states from the Federation Account has increased, which is what you would expect from the major measures that were taken to restore fiscal viability by removing a range of subsidies that were costing five per cent of GDP.
“That now flows through to the Federation Account and is reflected into higher payments to the states. Not just that, but adhering to the rule of law and the sanctity of contracts, previously owed funds were now being systematically made available.”
Providing further details on the activities of government, Mr Edun stated that the macroeconomic ecosystem had been stable, attributing the improved fiscal outlook to bold reforms, including the standing out of the Ways and Means overdraft funding by the Central Bank of Nigeria (CBN).
“There have been no debits to ways and means since early in this administration,” he said. “Following GDP rebasing, Nigeria’s debt-to-GDP ratio now stands at 38.8 per cent, down from 52.1 per cent, providing greater fiscal headroom,” he added.
Stating that the government was not in default of any obligation, he stated that over N2 trillion was recently paid to contractors to clear outstanding capital budget obligations from 2024, with no pending liabilities outside the formal payment process.
He said the focus was on the timely release of funds for 2025 capital projects, adding that part of the government’s inclusive growth strategy was to strengthen state finances.
Economy
Nigeria’s Inflation Rate Slows to 21.88% in July 2025

By Aduragbemi Omiyale
The National Bureau of Statistics (NBS) on Friday disclosed that inflation rate in Nigeria moderated by 0.34 per cent to 21.88 per cent in July 2025 from the 22.22 per cent recorded in June 2025, the fourth straight month the rate was cooling.
In its monthly report, the agency said on a year-on-year basis, the rate slowed by 11.52 per cent from the 33.40 per cent achieved in July 2024.
The NBS noted that the headline inflation rate for the month under review was 1.99 per cent, higher than the 1.68 per cent in the preceding month by 0.31 per cent.
It also disclosed that the food inflation rate in July 2025 stood at 22.74 per cent on a year-on-year basis compared with the 39.53 per cent reported in the same period of last year.
It is not certain if the Central Bank of Nigeria would be moved to consider cutting interest rate when it means next month in Abuja, though it would expect another inflation figures before then.
At the last Monetary Policy Meeting (MPC) meeting last month, the bank held the rates, saying it was to further monitor the impact of the current status.
Inflation rate does not mean the exact increase or decrease in the prices of goods and services, it only tells the rate of the reduction or rise within a period.
Based on the latest numbers, the rate of the decline in the prices of goods and services was by 21.88 per cent when compared with the preceding month when it was by 22.22 per cent.
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