Purpose

The Turkish foreign exchange market, which has developed over a long period, has become a regionally influential foreign exchange market and holds a key position in the financial sector of the Middle East. Its active foreign exchange trading activities have attracted the attention of numerous investors and practitioners. To help investors or practitioners gain a more comprehensive understanding of the foreign exchange brokers in this region, the on-site inspection team conducted a field visit to Turkey.

Process

The on-site inspection team, as planned, visited the foreign exchange broker OLGAC in Turkey. According to publicly available information, its office address is Ordu Cad. No: 30 Laleli Fatih İstanbul / TÜRKİYE.

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 itinerary. Based on the aforementioned information, they conducted an on-site visit to the broker OLGAC.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claimed to be located at Ordu Cad. No: 30 Laleli Fatih İstanbul / TÜRKİYEOLGAC.

The field investigator successfully arrived at the target building, which is located in a bustling area with a strong commercial atmosphere. Upon arrival, the location was confirmed by comparing it with Google Maps. However, no company signage or related information was found on the exterior of the building, nor was there any company directory inside the building.

The inspection personnel entered the building lobby and successfully obtained the entry permit.

The on-site inspector found that the office area of OLGAC had clear signage. Upon inquiry, it was confirmed that this is indeed the company, whose main business is foreign exchange settlement and currency exchange. The inspector was able to enter the company premises and take photos of the reception area, confirming that the office is not a shared workspace.

Through the reception area, the on-site inspector observed that the company's internal office environment was rudimentary, with only 2 workstations. The overall environment did not quite match the positioning claimed by the trader.

Therefore, after the on-site inspection, it was confirmed that the dealer OLGAC exists at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker OLGAC in Turkey as planned. The broker's company information was visible at the publicly displayed business address, indicating that the broker has a genuine business location. 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.