Purpose

The Turkish foreign exchange market is an emerging market that has developed in recent years. With the continuous development of Turkey's economy and the gradual opening of its financial markets, foreign exchange trading has become increasingly important in the country. The market is characterized by high trading activity and significant volatility. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Turkey.

Process

The on-site inspection team visited the foreign exchange broker MKS KIYMETLI MADENLER in Turkey as planned. According to public information, its office address is Hobyar, Yali Köşkü Cd. No 64, PK 34112 Fatih/Istanbul.

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 dealer MKS KIYMETLI MADENLER claiming to be located at Hobyar, Yali Köşkü Cd. No 64, PK 34112 Fatih/Istanbul.

The inspection personnel successfully arrived at the target building, which is located in the Fatih district of Istanbul, Turkey. The surrounding area has a strong commercial atmosphere, with numerous shops lining the streets and a constant flow of people. However, no company logo or relevant information of the said trader was found on the exterior of the building.

The surveyor entered the building lobby, stated their purpose to the security personnel, and successfully obtained entry permission.

Upon arriving at the target floor, the field investigator found no clear signage indicating the office area of MKS KIYMETLI MADENLER. The floor only housed other companies. The investigator inquired at the reception desk, where the staff confirmed that there was no company named MKS KIYMETLI MADENLER. Since there was no office space for the company, the investigator could not enter the premises and was unable to photograph the reception area or its logo. Additionally, the floor was not a shared office space.

Through the common areas on the floor, the inspector observed the office environments of other companies on the same floor. However, due to the absence of MKS KIYMETLI MADENLER's office space, it was impossible to determine whether the overall environment aligns with its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer MKS KIYMETLI MADENLER does not exist at the above address.

Conclusion

The on-site inspection team visited the foreign exchange broker MKS KIYMETLI MADENLER in Turkey as planned. However, no information such as the broker's company name was found at its publicly displayed business address, indicating that the broker does not have a genuine operational location. 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 sole basis for final decisions.