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 important in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team visited Turkey for a field investigation.

Process

The on-site inspection team, as planned, visited the foreign exchange broker AG PRECIOUS METALS in Turkey. According to publicly available information, its office address is Molla Feneri Mah. Şerefefendi Sk. Ağaoğlu Kuyumcular Çarşısı No: 32 İç Kapı 45 Fatih - İstanbul - Turkey.

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, they conducted an on-site visit to the dealer AG PRECIOUS METALS.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claimed to be located at Molla Feneri Mah. Şerefefendi Sk. Ağaoğlu Kuyumcular Çarşısı No: 32 İç Kapı 45 Fatih - İstanbul - TurkeyAG PRECIOUS METALS.

The field investigator has successfully arrived at the target area. There are no obvious company-related characteristics in the surrounding environment of the location.

The panoramic view of the building is clearly visible, but no company logo or related information was found on the exterior of the building.

The on-site inspector entered the building lobby, explained the purpose to the security personnel, and was granted access permission.

The on-site inspector found that there was no clear signage for the office area of AG PRECIOUS METALS. Upon arrival and confirming the address, no information about the company was visible upon entry. Inquiries with the security personnel revealed that there was no such company. The overall situation did not align with its claimed positioning. However, the inspector was unable to enter the premises, observe the internal environment of the company, or take photos of the reception area and its logo. Additionally, the office area was not a shared workspace.

Therefore, after on-site verification, it is confirmed that the dealer AG PRECIOUS METALS does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the foreign exchange dealer in Turkey as plannedAG PRECIOUS METALS. At the publicly displayed business address, no information such as the company name of the dealer was found, 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 views are for reference only and should not be taken as the final basis for decision-making.