Purpose

The Turkish foreign exchange market is an emerging market that has developed in recent years. With the continuous growth of Turkey's economy and the gradual opening of its financial markets, foreign exchange trading has become increasingly active in the country. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team visited Turkey for field research.

Process

The on-site inspection team visited the foreign exchange broker OYAK Securities in Turkey as planned. According to public information, its office address is Ayazağa Mahallesi Kemerburgaz Caddesi Vadi İstanbul Park 7B Blok No:7C Kat:18 Sarıyer / İSTANBUL.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Turkey to conduct an on-site verification of the broker OYAK Securities reportedly located at Ayazağa Mahallesi Kemerburgaz Caddesi Vadi İstanbul Park 7B Blok No:7C Kat:18 Sarıyer / İSTANBUL.

The field investigator successfully arrived at the target building, which is located in a bustling area with a vibrant surrounding environment and strong commercial atmosphere. However, no company signage or relevant information was found on the exterior of the building.

The survey personnel entered the building lobby and stated their purpose to the security or staff. After communication, they obtained permission to enter.

During the process of reaching the target floor, the field investigator encountered an issue. Upon arrival, the receptionist was asked and it was learned that the building only has floors 1A to 2B, with no 7B. Additionally, after checking, the receptionist informed that there is no company named OYAK Securities. Since the specific floor and location could not be confirmed, the field investigator was unable to reach the exact floor and verify the precise location, nor could they enter the company's interior. It was not possible to photograph the reception area or the reception's logo, and the office was not a shared workspace.

Due to the inability to enter the company premises, it was not possible to observe the internal environment, decoration style, or employee activities. Overall, the actual situation does not align with its claimed positioning.

Therefore, after on-site verification, it has been confirmed that the broker OYAK Securities does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker OYAK Securities in Turkey as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker 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 considered as the final basis for decision-making.