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

Process

The on-site inspection team visited the foreign exchange broker FXTCR in Turkey as planned. According to public information, its office address is Nispetiye Cad. B3 Blok Kat 9 Akmerkez Etiler / İSTANBUL.

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 FXTCR claimed to be located at Nispetiye Cad. B3 Blok Kat 9 Akmerkez Etiler / İSTANBUL.

The inspection personnel successfully arrived at the target building, which is located in a specific area of Istanbul, Turkey. The surrounding environment is ordinary, with a mediocre commercial atmosphere. No company logos or related information were found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter.

However, no signage for the company was found inside the building, nor was the company's logo visible. Unable to confirm the specific floor and location, the inspection personnel failed to reach the target floor.

The on-site investigator inquired with the front desk about the details of FXTCR company, and the front desk stated that there was no such company. Therefore, it was concluded that the company's address is a false one.

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

Conclusion

The on-site inspection team visited the foreign exchange broker FXTCR in Turkey as planned. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, 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 taken as the final basis for decision-making.