Purpose

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

Process

This time, the on-site investigation team went to Turkey as planned to visit the forex broker CITAK. According to public information, its office address is Muhafazacılar sk. No:44/46 Kapalıçarşı Fatih/İstanbul.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Turkey according to a well-planned schedule. Based on the aforementioned information, the team conducted an on-site visit to the dealer CITAK. The inspection personnel proceeded to the target area based on the address information and carried out an on-site verification of the dealer CITAK, which claimed to be located at Muhafazacılar sk. No:44/46 Kapalıçarşı Fatih/İstanbul. The inspection team successfully arrived at the target building. The surrounding environment was relatively simple, with a modest commercial atmosphere. The company logo of CITAK was directly visible on the exterior of the building.

The inspector arrived at the building and attempted to enter the lobby, but was unable to gain access. Upon inquiring with people nearby, it was learned that the company had already closed for the day and would need to return another time.

As access to the building was not possible, the field survey personnel were unable to reach the target floor to confirm the specific location, nor could they see if there were any obvious signs or security measures in the CITAK office area. They were unable to enter the company premises and could not photograph the reception desk or its logo, but it was confirmed that the office is not a shared workspace.

Through the glass, although it is not possible to clearly see the specific internal situation of the company, the overall external observation shows that the surrounding environment largely aligns with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer CITAK exists at the aforementioned address.

Conclusion

The on-site inspector visited the foreign exchange dealer in Turkey as plannedCITAK. At the publicly displayed business address, the company name and other information of the dealer could be seen, indicating that the dealer has a genuine business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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