Purpose

The Turkish foreign exchange market is an emerging foreign exchange market that has developed in recent years. With the gradual opening of Turkey's economy and the continuous improvement of its financial markets, 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 this region, the on-site inspection team traveled to Turkey for an on-site visit.

Process

The on-site inspection team of this issue went to Turkey as planned to visit the forex broker ALB Forex. According to public information, its office address is Fulya M, Büyükdere Cad Torun Center A Bl 74A/80 34394 Şişli/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 dealer ALB Forex.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at Fulya M, Büyükdere Cad Torun Center A Bl 74A/80 34394 Şişli/İSTANBUL ALB Forex.

The field investigator successfully arrived at Torun Center. Due to the non-existence of the company, it is difficult to accurately describe the characteristics of the surrounding environment. No signs or relevant information of the company were found on the exterior of the building.

The inspection personnel entered the building lobby and stated their purpose to the security or staff. After communication, they obtained permission to enter.

Although able to enter the building lobby, upon reaching the corresponding floor, the on-site inspector found no office area signage for ALB Forex. After inquiring at the lobby reception, it was learned that there was no such company here; it was fake. Since the company's non-existence was confirmed from the start, the on-site inspector could not reach the specific floor to confirm the exact location, nor could they enter the company's interior. Naturally, they were unable to photograph the reception area and its logo, and this office location was not a shared workspace.

Through the lobby area, as it is impossible to enter the company's interior, one cannot observe the internal environment, decoration style, employee activities, and other conditions. Overall, this trader does not align with its claimed positioning of having this office address.

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

Conclusion

The on-site investigator went to Turkey as planned to visit the forex broker ALB Forex. At the publicly displayed business address, the company name and other information of the broker were not found, indicating that the broker does not have a genuine business premises. 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.