Purpose

The Turkish foreign exchange market is an emerging market that has developed in recent years. With the continuous development 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 foreign exchange brokers in the region, the on-site inspection team visited Turkey for a field investigation.

Process

The on-site inspection team proceeded as planned to visit the foreign exchange broker Mintage Pro in Turkey. According to public information, their office address is 'Binbirdirek Mah. Divanyolu Cad No: 31/4 Fatih İstanbul'.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously scrutinize for investors, traveled to Turkey according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the dealer Mintage Pro.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claimed to be located at 'Binbirdirek Mah. Divanyolu Cad No: 31/4 Fatih İstanbul' Mintage Pro.

The field investigator successfully arrived at the target address, which is located on a bustling street with a strong commercial atmosphere. However, upon arrival and comparing it with Google Maps information, it was confirmed to be the correct address, but it turned out to be a Burger King restaurant with no information about any trader. No signs or related information about the trader were found on the exterior of the building.

On-site, due to the restaurant environment inside, the inspectors found no office area signage for Mintage Pro. Since there is no office area for this dealer here, it was also impossible to photograph the reception desk and its logo. The internal environment, decoration style, and employee activities related to the dealer could not be observed. The overall situation does not match its claimed positioning and it is not a shared office.

Therefore, after the on-site inspection, it was confirmed that the trader Mintage Pro does not exist at the aforementioned address.

Conclusion

The on-site inspectors proceeded to Turkey as planned to visit the forex broker Mintage Pro. At the publicly displayed business address, they were unable to see any information such as the company name of the broker, indicating that the broker does not have 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.