Purpose

The Turkish foreign exchange market is an emerging foreign exchange market that has developed over the past few decades. With the continuous development of the Turkish economy and the gradual opening of the financial market, foreign exchange trading occupies an important position in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in the region, the on-site inspection team traveled to Turkey for an on-site visit.

Process

The on-site investigation team proceeded as planned to visit the forex broker K MENKUL in Turkey. According to public information, their office address is Haseki Sultan Mahallesi Turgut Özal Millet Cad. No:21/1 D:10 Fatih/İSTANBUL.

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

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer K MENKUL claimed to be located at Haseki Sultan Mahallesi Turgut Özal Millet Cad. No:21/1 D:10 Fatih/İSTANBUL.

The field survey personnel successfully arrived at the target address. The surrounding environment indicates that this is a residential area, with a not very strong commercial atmosphere. No company logos or related information were found on the exterior of the building.

The on-site inspector attempted to enter the building, but since it is not a commercial office building but a residential community, permission to enter was not granted.

Due to the inability to enter the building, it is impossible to reach the target floor to confirm the office area situation of K MENKUL, unable to take photos of the reception desk and its logo, and there is no situation of shared office space.

Observing from the exterior of the building, it is impossible to understand the internal environment of the company. Upon arrival, the field investigator confirmed the address was correct. After inquiring with a local at the entrance, they were informed that this is a residential community, and there is no such company here. The overall situation does not match the claimed positioning.

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

Conclusion

The field investigator went to Turkey as planned to visit the forex broker K MENKUL. 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 location. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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