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 increasing level of openness to the outside world, foreign exchange trading plays a significant role in the country's financial markets. 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 Yıldız Döviz ve Kıymetli Maden A.Ş. in Turkey as planned. According to public information, its office address is CEVAHİR BEDESTEN ŞERİFAĞA SOK. NO:89 - 92 KAPALIÇARŞI FATİH / 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 trader Yıldız Döviz ve Kıymetli Maden A.Ş. reportedly located at CEVAHİR BEDESTEN ŞERİFAĞA SOK. NO:89 - 92 KAPALIÇARŞI FATİH / İSTANBUL.

The field investigator successfully arrived at the target area, located in Kapalıçarşı, Fatih District, Istanbul, Turkey. The surrounding area is a bustling market with a strong commercial atmosphere. However, it was discovered that this location belongs to another company, and there is no existence of Yıldız Döviz ve Kıymetli Maden A.Ş., making it fraudulent. No signage or relevant information related to the company was found on the exterior of the building.

The surveyor was able to access the company environment here, but neither inside nor outside the company did they find the water sign of the target company they were looking for. Since the specific floor could not be determined, they were unable to reach the target floor to confirm the situation of the company's office area. This office space is not a shared office.

Therefore, after on-site verification, it has been confirmed that the broker Yıldız Döviz ve Kıymetli Maden A.Ş. does not exist at the above address.

Conclusion

The on-site inspection team visited the foreign exchange broker Yıldız Döviz ve Kıymetli Maden A.Ş. 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 used as the sole basis for final decisions.