Purpose

The Turkish foreign exchange market is an emerging foreign exchange market that has developed over the past few decades. With the continuous development of the Turkish economy and the increasing level of openness, foreign exchange trading occupies an important position in the country's financial market. In order to help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the team went to Turkey for on-site visits.

Process

This period's team is scheduled to visit the foreign exchange broker Aude FX in Turkey according to the plan. According to public information, their office address is 'Lalali is markezi Mesih Paşa, Ordu Cd. No.89 Fatih/İstanbul'.

A professional and experienced team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Turkey according to a well-planned itinerary. Based on the aforementioned information, they conducted an on-site visit to the dealer Aude FX.

The team proceeded to the target area based on the address information and conducted an on-site verification of the dealer Aude FX who claimed to be located at that address.

The team successfully arrived at the target location and discovered that it is a small shopping mall. There is no office environment as claimed by the dealer in the surrounding area, and the commercial atmosphere is irrelevant to the dealer's positioning. No signs or related information of the dealer Aude FX were found on the exterior of the building.

The team entered the mall lobby and, after stating their purpose to the staff, obtained permission to enter. However, they did not find the dealer's nameplate inside the building.

Due to the inability to find the specific floor information of the dealer within the building, the team could not reach the specific floor and confirm its exact location. Consequently, they were unable to verify whether the dealer's office area had clear signage or security measures, and they also failed to enter its interior. Additionally, they could not take a photo of the reception desk and its logo, and the office was not a shared workspace.

Because it is impossible to enter the interior, it is not possible to observe the internal environment of the company, the decoration style, employee activities, and other situations. Overall, this place completely does not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the dealer Aude FX does not exist at the aforementioned address.

Conclusion

The team proceeded to Turkey as planned to conduct an on-site visit to the foreign exchange dealer Aude FX. At the publicly displayed business address, they were unable to see any information such as the company name of the dealer, indicating that the dealer does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the final basis for decision-making.