Purpose

The Turkish foreign exchange market is an emerging market that has developed in recent years, holding a significant position in the financial sector of the Middle East. It is characterized by high market activity and unique trading rules. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the inspection team conducted on-site visits in Turkey.

Process

The on-site inspection team visited the forex broker HAS in Turkey as planned. According to public information, its office address is Kapalı Çarşı, Çuhacıhan Sok. Çuhacı Han No:19-20 34110 – Eminönü / 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, they conducted an on-site visit to the broker HAS.

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 Kapalı Çarşı, Çuhacıhan Sok. Çuhacı Han No:19-20 34110 – Eminönü / İSTANBUL HAS.

The on-site inspector successfully arrived at the target building, which is located in the Eminönü district of Istanbul, Turkey, surrounded by a strong commercial atmosphere. However, no signage or relevant information of HAS company was found on the exterior of the building.

The field survey personnel entered the building lobby and explained their purpose to the security guard, but did not obtain permission to enter.

Due to the inability to enter the building and reach the target floor, the field survey personnel could not confirm whether there are clear signs or security measures in the office area of HAS company, nor could they take photos of the reception desk and its logo. This office location is not a shared workspace.

Upon arrival, the field investigator discovered that it was another company, not HAS company, and determined that the address was false. Therefore, after the field investigation, it was confirmed that the trader HAS does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the foreign exchange broker HAS in Turkey as planned. 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 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.