Reason for this visit

Austria is an economically developed country with one of the highest GDP per capita in Europe. Specifically, Austria has a well-developed service sector with strong competitiveness in areas such as finance and tourism. At the same time, the country's industrial sector also has advanced technology and focus on innovation, mainly for the international market, with its unique technological advantages in specific areas in the international market. In addition, Austria focuses on environmental protection and vigorously develops green industry, which makes energy saving and green energy a new advantageous industry in Austria. Small and medium-sized enterprises account for 99.7% of the total number of enterprises in the country. Since the beginning of the new century, the Austrian economy has been growing steadily and at a rate higher than the average of EU member states. In order to help investors or practitioners get a more comprehensive understanding of the country's foreign exchange dealers, the survey team went to Austria for field visits.

On-site visit

This time the survey team visited the dealer VMGFX in Austria, with the specific address at GerTrude-Fröhlich-Sandner-STraße 3 1100 Wien AUSTRIA.

Based on the above address, the survey team came to the destination of this survey, which was located in the commercial area of Vienna, the capital of Austria. It was a newly completed commercial building. On the directory outside the building, the surveyors saw a company named VMG, the name of which was similar to the dealer VMGFX. However, they found that the logo of VMG was different from that of the dealer VMGFX. Further, the surveyors searched the VMG company online and found that it was an Austrian insurance company and not a forex company.

The surveyors asked the receptionists if there was a VMGFX company in the building. The answer was that she had not heard of the company, but that there was a VMG company in the building but it only handled insurance business. Finally, the surveyors confirmed that the dealer VMGFX did not have an office in the building.

Conclusion

The survey team went to Austria, to visit the dealer VMGFX and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.