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 an important part of the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Turkey, an on-site inspection team conducted field visits in the country.

Process

The on-site inspection team visited the foreign exchange broker TradeAll in Turkey as planned. According to public information, its office address is Sabancı Center 4.Levent, 34330 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 dealer TradeAll reportedly located at Sabancı Center 4.Levent, 34330 İstanbul.

The inspection personnel successfully arrived at Sabancı Center, located in Istanbul, Turkey, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of TradeAll was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security guard, inquired and learned that there was no company named TradeAll in the building. Since they were informed from the outset that the company did not exist, the surveyor was unable to obtain entry permission.

Due to the inability to enter the building, the on-site inspector could not reach the target floor to confirm the office area situation of TradeAll, nor could they determine whether there were any obvious signs or security measures. They were also unable to enter the interior, take photos of the reception area or its logo, and it was confirmed that the office is not a shared workspace.

From this, it can be determined that the company's address is false. Therefore, after on-site verification, it was confirmed that the dealer TradeAll does not exist at the aforementioned address.

Conclusion

As planned, the field investigator visited the forex broker TradeAll in Turkey. At the publicly displayed business address, no information such as the broker's company name 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 final basis for decision-making.