Purpose

The Turkish foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of Turkey's economy and the gradual opening of its financial markets, forex trading has become increasingly active in the country. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team conducted field visits in Turkey.

Process

The on-site inspection team visited the foreign exchange broker AL FARUK in Turkey as planned. According to public information, its office address is SAHABİYE MAH. NİL CAD. YILDIRIM APT NO: 50 C KOCASİNAN / KAYSERİ.

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 dealer AL FARUK reportedly located at SAHABİYE MAH. NİL CAD. YILDIRIM APT NO: 50 C KOCASİNAN / KAYSERİ.

The field investigator successfully arrived at the target location, which is an area comprising residential zones and commercial shops. The surrounding environment is relatively ordinary, with a mediocre commercial atmosphere. No signs or information related to the dealer AL FARUK were found anywhere in the external vicinity of the entire area.

Since this is not a commercial building, there is no lobby or security personnel, making it impossible to obtain entry permission.

Naturally, it was impossible to reach the so-called target floor, nor were there any clear signs or security measures indicating the trading company's office area. Since there was no trace of the company to be found, the investigators could not enter the premises, nor could they photograph the reception area or its logo. Additionally, the area was not a shared office space.

The field investigator conducted a thorough observation and inquiry in the surrounding area, but no internal environment, decoration style, or employee activities related to the trader were observed throughout the entire region. Upon arrival, no information about the trader was found. Inquiries with passersby revealed that this is a residential area with shops, and no such company exists. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer AL FARUK does not exist at the above address.

Conclusion

As planned, the field investigator visited the foreign exchange broker AL FARUK in Turkey. 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 opinions are for reference only and should not be used as the final basis for decision-making.