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 important in the country. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team visited Turkey for field research.

Process

The on-site inspection team proceeded as planned to visit the forex broker Vatan Turk in Turkey. According to publicly available information, its office address is "Barbaros HAYRETTIN PASA MAH 1995 SOKAK NO:1/3 KAT:3DAIRE:8, Istanbul, Turkey".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Turkey to conduct an on-site verification of the broker Vatan Turk claimed to be located at this address.

The field investigator successfully arrived at the target building, which is located in a specific area of Istanbul. The surrounding street environment appears relatively ordinary. No company logo or related information of Vatan Turk was found on the exterior of the building.

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

However, inside the building, no company signage for Vatan Turk was found, nor was the company's logo visible. The inspection personnel attempted to proceed to the target floor, but due to the inability to confirm the exact location, they were unable to reach the specific floor.

Upon arrival, the field investigator confirmed that the address was correct, but no logo was visible. After inquiring with the reception, it was stated that no such company exists and the information was false. Access to the company's interior was denied, preventing the capture of the reception area or its logo. Additionally, the office was not a shared workspace. From the lobby area, the internal office environment could not be observed.

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

Conclusion

The on-site inspection team visited the forex broker Vatan Turk 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 opinions are for reference only and should not be considered as the final basis for decision-making.