Reasons for Field Survey

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

Field Survey Process

The on-site investigation team, as planned, visited the foreign exchange broker BMD in Turkey. According to publicly available information, its office address is 'Merdivenköy Mah. Bora Sok. Göztepe Nida Kule İş Merkezi No:1 Kat:17 34732 Kadıköy İstanbul'.

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

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claimed to be located at 'Merdivenköy Mah. Bora Sok. Göztepe Nida Kule İş Merkezi No:1 Kat:17 34732 Kadıköy İstanbul' BMD.

The field investigator successfully arrived at the target building, which is located in a relatively bustling area of the locality, with a strong commercial atmosphere in the surrounding area.

On the exterior of the building, no logo or related information of the company BMD was found.

The on-site inspector entered the building lobby, stated their purpose to the security guard, and was granted entry permission.

However, no company nameplate of BMD was found inside the building.

Due to the inability to determine the specific floor location, the on-site inspection personnel were unable to reach the specific floor to confirm its office area. After inquiring with the reception desk, the receptionist stated that the company BMD does not exist at this address, and it was determined that the address is a false one.

Due to the inability to enter the company premises, it was not possible to photograph the reception area and the logo at the reception. Additionally, this office is not a shared office. Through the lobby area, it was also not possible to observe the internal office environment of the company.

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

Field Survey Summary

The on-site inspection team proceeded to Turkey as planned to visit the forex broker BMD. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, indicating that the broker does not have a genuine business location. Investors are advised to make their choices after comprehensive consideration.

Field Survey Disclaimer

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