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, the importance of foreign exchange trading in the region has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this area, the on-site inspection team conducted field visits in Turkey.

Process

The on-site inspection team visited the forex broker MTO in Turkey as planned. According to public information, its office address is İNÖNÜ CAD GÜMÜŞKONAK APT 28/10 K-6 34427 Gümüşsuyu - TAKSİM / ISTANBUL.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Turkey to conduct an on-site verification of the broker MTO reportedly located at İNÖNÜ CAD GÜMÜŞKONAK APT 28/10 K-6 34427 Gümüşsuyu - TAKSİM / ISTANBUL.

The field investigator successfully arrived at the target location and found that it was a hotel. The hotel is situated in a relatively bustling area of the locality, with a strong commercial atmosphere in the surroundings. However, no signage or relevant information related to MTO company was found on the exterior of the hotel.

The field investigator entered the hotel lobby and explained their purpose to the front desk. After communication, the front desk clearly stated that no company was registered at this location, and the address was false.

Since the address is actually a hotel and does not have the target floor, it is impossible to reach the specific floor to confirm whether MTO company's office area has obvious signage or security measures, nor can we enter the so-called company premises. Additionally, we cannot photograph the front desk or its logo, and the address is not a shared office space. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it is confirmed that the broker MTO does not exist at the above address.

Conclusion

The on-site investigator visited the foreign exchange broker MTO in Turkey as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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 opinions are for reference only and should not be used as the sole basis for final decisions.