Aspect	Information
Registered Country	Japan
Founded Year	2006
Company Name	DMM FX
Regulation	Registered with Japan's Financial Services Agency (FSA)<br>- Member of the Financial Futures Association of Japan (FFAJ)
Minimum Deposit	$100
Maximum Leverage	1:25
Spreads	From 0.2 pips
Trading Platforms	MetaTrader 4 DMM FX WebTrader
Tradable Assets	Forex Indices Commodities
Account Types	DMM FX Account
Demo Account	Available
Islamic Account	Not available
Customer Support	- Email Support Phone Support

Overview of DMM

DMM FX is a Japanese-based forex broker that was founded in 2006 and has its headquarters in Tokyo, Japan. The broker is regulated by the Japan Financial Services Agency and is a member of several financial associations such as the Japan Securities Dealers Association, Japan Financial Futures Trading Association, Japan Investor Protection Fund, and Japan Commodity Futures Trading Association.

DMM FX provides a range of financial products and services, including over-the-counter derivatives trading and investment-related business. The minimum deposit requirement is not specified, and account opening is free of charge, with a cashback program of up to 204,000 JPY. The maximum leverage available is 1:25 for forex trading, and spreads are quite competitive, with the USD/JPY pair starting from 0.5 pips.

DMM FX offers a range of trading platforms, including DMMFX PLUS, DMMFX Standard, Superchart, Smartphone App DMMFX, and more. The broker partners with approximately 340 affiliated financial institutions, making deposit and withdrawal services fast and easy. However, DMM FX has been associated with some negative reviews regarding difficulties in withdrawing funds, fraudulent money, and poor customer support, as reported by some clients.

In summary, DMM FX is a regulated forex broker that offers competitive spreads, a range of trading platforms, and fast deposit and withdrawal services. However, investors should be aware of the negative reviews concerning fund withdrawals and poor customer support.

Pros and Cons

Pros	Cons
FSA-regulated	Forex trading only be started from a minimum of about 40,000 yen
A series of trading platform options	No handling of the high-interest currency Turkish Lira
No minimum deposit requirements	Lack of information on the exchange market
Free account-opening	Poor customer support
Narrow spreads
Starting trading in as little as 1 hour

Is DMM FX Legit or a Scam？

Based on the information provided by DMM FX, it appears that they are a legitimate forex broker and take measures to protect their customers' funds. They state that they segregate customer funds from their own assets and entrust them to trusted banks, including 日証金信託銀行 (Japan Securities Depository Center Trust Co., Ltd.), 株式会社SMBC信託銀行 (SMBC Trust Bank Ltd.), and SBIクリアリング信託株式会社 (SBI Clearing Trust Co., Ltd.). They also mention that these funds are protected by trust law and will remain separate from the banks' own assets, even if the banks themselves were to face financial difficulties.

Overall, based on the information provided, it appears that DMM FX is a legitimate forex broker that takes steps to protect their customers' funds. However, as with any investment, it is important to do your own research and exercise caution.

Markets Instruments

The market instruments of DMM FX include several forex currency pairs and CFDs:

Forex Currency Pairs:

· USD/JPY

· EUR/JPY

· GBP/JPY

· AUD/JPY

CFDs:

· Crude Oil

· Gold Spot

· Japan 225

· US Dow Jones 30

For each instrument, the bid and ask prices are provided, along with the current spread and the previous day's change. High and low prices for the day are also given, as well as the buying and selling swaps. Note that the spreads are not fixed and can widen during times of market stress, low liquidity, or around the announcement of economic indicators. Slippage may also occur with order fulfillment, where the execution price differs from the displayed price at the time of ordering.

DMM FX offers a variety of market instruments for trading, allowing customers to diversify their portfolio and take advantage of various market opportunities.

Market Instrument	Pros	Cons
FX (USDJPY, EURJPY, GBPJPY, AUDJPY)	24-hour trading availability	Variable spreads, which may widen during periods of high market volatility or low liquidity
CFDs (Crude Oil, Gold, Japan225, US30)	Opportunity to trade popular global commodities and indices	Variable spreads, which may widen during periods of high market volatility or low liquidity

Products and Service

DMM offers a range of products and services in various industries, including financial services, e-commerce, and entertainment.

In terms of financial services, DMM provides a forex trading service called DMM FX. This service allows customers to trade 21 different currency pairs through an OTC trading system using the internet. The transaction unit is 10,000 currency units for each currency pair, and the maximum order quantity is 100 lots (1 million currency units). The leverage offered is up to 25x, and there are no transaction fees. DMM also offers deposits and withdrawals in JPY and provides various trading rules, such as loss cut rules and maintenance rules.

DMM also offers a cryptocurrency trading service called DMM Bitcoin. This service allows customers to trade Bitcoin, Litecoin, and Ethereum, among other cryptocurrencies, using the internet. The transaction unit is one unit of each cryptocurrency, and there are no transaction fees.

Overall, DMM offers a diverse range of products and services in various industries, catering to the needs and interests of a wide range of customers.

Products & Services	Pros	Cons
DMM Eikaiwa	1. Affordable prices compared to other online English schools. 2. Wide range of courses available. 3. Experienced English teachers.	1. Classes are conducted in English only, which may be difficult for beginners. 2. No mobile app available for learning on-the-go.
DMM FX	1. Low transaction fees. 2. Wide range of currency pairs available. 3. High leverage options.	1. Not available for residents of certain countries, including the US. 2. High risk involved with leveraged trading.
DMM Bitcoin	1. Easy to use platform. 2. Quick deposit and withdrawal times. 3. Competitive trading fees.	1. Only available for trading Bitcoin. 2. High volatility of the cryptocurrency market.
DMM Games	1. Wide range of games available. 2. Many games are free-to-play. 3. Regular updates and new game releases.	1. Some games may require in-app purchases to progress. 2. Only available in Japanese language.

Minimum Deposit

The minimum deposit for DMM payment depends on the payment method used. For quick deposit, there is no minimum deposit required. However, the maximum deposit amount for quick deposit is 500,000 JPY per transaction.

For bank transfer deposit, the minimum deposit amount is 10,000 JPY, and there is no maximum deposit amount.

It's important to note that the deposit amount required to open a DMM FX trading account may vary depending on the account type and country of residence. Customers should check the website or contact customer support for more information.

Pros	Cons
Accessible for beginners: The minimum deposit requirement is relatively low, making it accessible for beginner traders who don't want to invest a lot of money upfront.	Limited trading options: While the minimum deposit is affordable, the range of trading options is limited, which may not suit experienced traders who are looking for a more diverse range of instruments to trade.
Low financial risk: A low minimum deposit reduces the financial risk for traders. If they are new to trading or unsure about their trading strategy, they can start with a small deposit to test the waters before committing more funds.	Low leverage: The low minimum deposit is often associated with low leverage, which can limit the potential profits of traders who are successful in their trades.
Flexible funding options: DMM FX offers a variety of funding options, making it easy for traders to deposit and withdraw funds.	Higher spreads: Brokers may charge higher spreads to cover the cost of processing low deposit transactions, which could lead to higher trading costs for traders.
Opportunity to learn: A low minimum deposit provides an opportunity for traders to learn and improve their trading skills without risking a lot of money.	Limited bonuses: Brokers may not offer bonuses or other incentives for traders who make a small deposit, which could limit potential returns.

Spreads & Fees

DMM FX offers customers a trading environment with uniquely generated rates based on the rates received from multiple cover destinations. The standard spreads for various currency pairs are presented to customers, with fixed spreads starting from 0.2 sen. However, it's important to note that spreads are not always fixed and may widen due to sudden events, declining market liquidity, and other factors. Slippage may also occur with order fulfillment. DMM FX also provides offer rates, which are the actual values of rates delivered within the range of the standard spread offered to customers during a given period.

Pros	Cons
Increased access to foreign exchange trading for individuals and businesses	Risk of fraud and scams in the online trading industry
DMM FX may offer lower transaction costs and more competitive exchange rates than traditional banks	Potential for significant financial losses if inexperienced traders make poor investment decisions
Availability of diverse investment options and trading tools	Lack of regulation in some jurisdictions where DMM FX operates
Ability to trade 24/7 from anywhere in the world	Dependence on technology, including internet connectivity and platform reliability
Potential for high returns on investment for experienced traders	Volatility and unpredictability of currency markets can lead to large fluctuations in profits and losses
Flexibility to choose between different trading strategies and risk profiles	Potential for conflicts of interest between DMM FX and its customers, especially if DMM FX is both a market maker and counterparty to its clients' trades

Leverage

DMM FX is a forex trading platform that offers a maximum leverage of 1:25 for forex trading. Leverage is a tool used in trading that allows traders to control a large amount of currency with a smaller amount of funds. In other words, leverage enables traders to open larger positions with a smaller amount of capital.

For example, if a trader has $1,000 and a leverage of 1:30, they can control a position of up to $30,000. The trader is essentially borrowing money from the broker to increase their trading potential. However, while leverage can magnify profits, it can also magnify losses, and traders need to be cautious when using leverage.

DMM FX's maximum leverage of 1:30 is lower than the maximum leverage offered by some other forex brokers, which can be as high as 1:500 or more. This lower leverage may appeal to more conservative traders who want to limit their risk exposure.

Pros	Cons
Potential for higher profits: Leverage allows traders to control larger positions with smaller amounts of capital, increasing the potential for profits.	Risk of higher losses: Higher leverage also means higher risk, and traders can lose more than their initial investment.
Access to more markets: Leverage can provide access to markets that might not be available to traders with smaller capital.	Margin calls: Traders who use leverage may be subject to margin calls if their positions move against them, which can result in additional fees or forced liquidation of positions.
Flexibility: Leverage allows traders to adjust their positions more easily and quickly, and to take advantage of market movements.	Limited control: Using leverage means surrendering some control over your trades to the broker, who may impose restrictions on the use of leverage or margin requirements.
Lower capital requirements: Leverage can allow traders with smaller amounts of capital to trade in the markets.	Complexity: Leverage adds another layer of complexity to trading, and requires a greater understanding of risk management and margin requirements.

Trading Tools

DMM FX offers a range of trading tools to assist traders in their activities. These tools include:

1. DMMFX PLUS: This is a PC version trading tool that allows traders to customize the layout, technical settings, and other features to suit their trading style. It comes with a pop-out function that displays necessary items in a separate window.

2. DMMFX STANDARD: This is a smartphone version trading tool that offers a smart operation screen for transactions, information collection, and analysis. It features a FIFO order function and payment simultaneous order function, making it ideal for those who want to trade in their own style.

3. Premier Chart: This is a computer-based trading aid tool that comes equipped with 29 technical tools. It also has convenient functions that support customer transactions, making it ideal for traders who make more strategic transactions.

4. Transaction Report: This is an analysis tool that allows traders to graph and analyze their trading results in an easy-to-understand manner. It visualizes a wide variety of transaction data, making problems obvious at a glance.

These trading tools are accompanied by quick guides and operation manuals to help traders learn how to use them effectively.

Trading Tools	Pros	Cons
DMMFX PLUS	- Customizable layout and settings Pop-out function for necessary items Available on multiple devices	- May be overwhelming for new traders
DMMFX STANDARD	- Easy-to-use smart operation screen Features FIFO order and payment simultaneous order function Available on multiple devices	- Limited technical analysis tools
Premier Chart	- Equipped with 29 technical tools Convenient functions for customer transactionsIdeal for strategic traders	- May be overwhelming for new traders
Transaction Report	- Graphs and analyzes trading results Visualizes transaction data for easy understanding Helpful for improving analysis skills	- Limited features beyond analysis May not be necessary for all traders

Deposit and Withdrawal

DMM FX offers several deposit and withdrawal methods to its clients. The following is an overview of the deposit and withdrawal options:

Deposit Options:

· Quick Deposit: This service allows for instant deposit reflection using internet banking. It has 24-hour real-time deposit reflection, no fees, and can be done through a PC or smartphone.

· Transfer Deposit: This is a bank transfer method of depositing money to the DMM FX account. In general, it takes about 30 minutes to 1 hour to reflect the deposit in the account.

Withdrawal Options:

· Withdrawal Account: Funds deposited in the DMM FX account can be withdrawn to a registered “withdrawal account” using the trading tool. There are no withdrawal fees, and the fees are paid by the company.

· Fund Transfer: Funds can be transferred between services provided by DMM FX, DMM CFD, DMM Bannussi, and DMM Stock.

Method	Pros	Cons
Quick Deposit	Instant reflection, no fees, can be done through PC or smartphone	Limited to affiliated financial institutions, requires subscription to online banking
Transfer Deposit	Available through various banking options	Takes 30 minutes to 1 hour to reflect in the account
Withdrawal Account	No withdrawal fees	Limited to registered withdrawal account
Fund Transfer	Allows for transfer of funds between DMM services	N/A

Customer Service

In terms of customer service, DMM FX offers various support options to their clients. Here are some details:

· Customer Support: DMM FX provides customer support services 24 hours a day, 5 days a week (Monday to Friday) in multiple languages, including Japanese, English, and Chinese. Traders can contact the support team via phone, email, or live chat on the company's website.

· Educational Materials: DMM FX offers a range of educational materials to help traders improve their skills and knowledge of the financial markets. These resources include webinars, video tutorials, and market analysis.

· Trading Tools: DMM FX provides its clients with various trading tools to help them make informed trading decisions. These tools include charting software, economic calendars, and real-time news updates.

· Trading Hours: DMM FX allows traders to access the market 24 hours a day, 5 days a week. However, there are times when the platform is not available, such as during system maintenance or when the markets are closed.

Overall, DMM FX appears to offer a robust customer service experience with multiple support options and educational resources to help traders improve their skills and knowledge. The availability of 24/5 trading hours is also a plus for traders who want to take advantage of global market opportunities.

Conclusion:

DMM FX is a reputable broker that offers a diverse selection of financial instruments for trading. Their user-friendly and feature-rich trading platforms cater to the needs of both novice and experienced traders. One of the notable advantages of DMM FX is their policy of not charging fees for deposit and withdrawal transactions, which is highly beneficial for traders. Additionally, the ability to transfer funds between their services adds flexibility in managing clients' funds. The leverage and margin maintenance rate provided by DMM FX enable traders to effectively manage their risk. Overall, DMM FX is a reliable brokerage firm that offers excellent trading conditions and customer support services. However, it is important to note that DMM FX does not provide Islamic accounts, which may be a drawback for traders seeking Sharia-compliant trading options.

Frequently Asked Questions

Q: How can I open an account with DMM FX？

A: To open an account with DMM FX, you can apply online by filling out the registration form on their website. You will need to provide personal information, such as your name, address, contact details, and some identification documents, such as a passport or driver's license.

Q: What is the trading hours for DMM FX？

A:DMM FX provides trading services 24 hours a day, 5 days a week, from Monday to Friday. The trading hours vary for each financial product, and it is important to check the trading hours for each product before placing any trades.

Q: What types of financial products can I trade with DMM FX？

A: DMM FX offers a wide range of financial products that can be traded, including forex, indices, commodities, and cryptocurrencies.

Q: What are the fees and charges for trading with DMM FX？

A: DMM FX does not charge any commission fees for trading. Instead, they earn revenue from the difference between the bid and ask prices, which is called the spread. There may be other fees, such as rollover fees and overnight swap fees, depending on the trading conditions and the financial products traded.

Q: What is the maximum leverage ratio offered by DMM FX？

A: The maximum leverage ratio offered by DMM FX is 25:1 for forex trading. The leverage ratios for other financial products, such as indices and commodities, may vary.

Q: How can I contact DMM FX customer support？

A: DMM FX provides customer support services through various channels, including phone, email, and live chat. The customer support team is available 24 hours a day, 5 days a week, from Monday to Friday. The contact details for customer support can be found on the DMM FX website.

Q: Does DMM FX provide educational resources for traders？

A: Yes, DMM FX offers a range of educational resources for traders, including webinars, seminars, e-books, and video tutorials. These resources cover a variety of topics, such as market analysis, trading strategies, and risk management.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Feature	Detail
Registered Country/Region	South Africa
Found	2020
Regulation	unregulated
Market Instrument	forex, indices, metals, commodities, and shares
Account Type	Standard, Pro, and ECN
Demo Account	yes
Maximum Leverage	1:500
Spread	Vary on the account type
Commission	Vary on the account type
Trading Platform	MT4
Minimum Deposit	$10
Deposit & Withdrawal Method	bank transfers, credit/debit cards, e-payments (Neteller, Skrill, Fasapay, etc)

General Information

Founded in 2020, Veracity Markets is a broker operating in South Africa, offering trading services in derivatives, indices, metals, commodities, and shares. However, the broker raises suspicions as it lacks valid regulatory licenses, and the licenses it claims to hold are suspected to be clones. The WikiFX Score for Veracity Markets is low, primarily due to numerous customer complaints regarding withdrawal difficulties, severe slippage, technical issues, and premature trade closures. Customers express frustration with delays in fund withdrawals and cite blown accounts as a result of slippage and technical problems. The broker provides three account types with different features and specifications, including variable spreads and leverage of up to 1:500. Veracity Markets supports the popular MT4 trading platform and offers multiple contact options for customer support. However, the reviews on WikiFX highlight concerns and issues raised by customers, indicating a lack of trust and satisfaction with the broker's services.

Here is the home page of this brokers official site:

Is Veracity Markets Legit？

Veracity Markets is not regulated by any valid regulatory authority based on the information provided. The South Africa Financial Sector Conduct Authority (FSCA) license number (4701) claimed by Veracity Markets is suspected to be a clone, and the New Zealand Financial Service Providers Register (FSPR) license number (40983) is also suspected to be a clone. It is important to be cautious and aware of the potential risks associated with dealing with an unregulated broker.

Pros and Cons

When considering a brokerage like Veracity Markets, it is essential to evaluate its strengths and weaknesses. This overview presents the pros and cons of Veracity Markets based on available information and customer feedback. Understanding these aspects can help individuals make informed decisions about whether to engage with the platform. It is important to note that while Veracity Markets offers various market instruments, different account types, and the popular MT4 trading platform, there are concerns regarding its regulatory status, customer complaints related to withdrawals and technical issues, and mixed reviews from users. By examining these pros and cons, individuals can gain a better understanding of Veracity Markets' offerings and potential risks involved.

Pros	Cons
Offers a variety of market instruments for trading	Not regulated by valid regulatory authorities
Different account types available with varying features	Numerous customer complaints regarding withdrawals, slippage, and technical issues
Maximum trading leverage of up to 1:500	Suspicion surrounding the authenticity of regulatory licenses
Provides the renowned MT4 trading platform	Limited transparency and credibility
Multiple contact options for customer support	Mixed customer reviews highlighting dissatisfaction and trust issues

Market Instruments

Veracity Markets offers various market instruments for trading. Here are the types of market instruments available:

1. Derivative Trading: Veracity Markets provides the opportunity to engage in derivative trading. This involves trading contracts that derive their value from an underlying asset. Traders can trade over 38 major, minor, and exotic pairs.

2. Indices: Veracity Markets provides access to nine global indices. These indices represent a selection of stocks from various industries and regions, allowing traders to speculate on the overall performance of specific markets or sectors.

3. Metals: Traders can trade precious metals like gold, silver, platinum, and copper. These metals are known for their value and can serve as a hedge against inflation or economic uncertainty.

4. Commodities: Veracity Markets offers trading opportunities in commodities such as oil, gas, and agricultural products. Trading commodities allows investors to speculate on the price movements of these essential resources.

5. Shares: Veracity Markets provides access to a diverse range of over 150 shares. Traders can choose to invest in shares of different companies, allowing them to participate in the performance of specific industries or corporations.

Pros	Cons
Wide range of market instruments available	Some market instruments are not available in all countries
Spreads from 0	Some fees are higher than at other brokers
Advanced trading platform	Customer support can be slow to respond
Good educational resources	Not all market instruments are suitable for all investors

Account Types

Apart from demo accounts, Veracity Markets also offers investors three different types of accounts, including Standard, Pro, and ECN accounts. The minimum deposit amount for all accounts is $250 or the currency equivalent amount.\

The Standard Account requires an initial deposit of $250 and offers floating spreads starting from 1.6 pips. There are no commissions charged, and the leverage provided is 1:500. Traders can trade with order volumes ranging from 0.01 to 250 lots. The account is compatible with Trading platforms and supports Expert Advisors. There is no maximum limit on the number of open positions, and the execution is done in the market. Additionally, a swap-free option is available for those who require it.

The Pro Account also requires an initial deposit of $250 and offers floating spreads starting from 2 pips. Like the Standard Account, there are no commissions charged, and the leverage provided is 1:500. Traders can trade with order volumes ranging from 0.01 to 250 lots. The Pro Account is compatible with Trading platforms and supports Expert Advisors. Similar to the Standard Account, there is no maximum limit on the number of open positions, and execution is done in the market. The account also provides a swap-free option for interested traders.

The ECN Account requires the same initial deposit of $250 and offers the advantage of floating spreads starting from 0.00 pips. However, a commission of $7 per lot is charged for FX and Metals trades. The leverage offered is 1:500, and traders can trade with order volumes ranging from 0.01 to 250 lots. The account is compatible with Trading platforms and supports Expert Advisors. There is no maximum limit on the number of open positions, and execution is done in the market. However, the swap-free option is not available for the ECN Account.

Pros	Cons
Low initial deposit requirement	Floating spreads starting from 1.6 pips (Standard Account)
No commissions charged	Limited spread competitiveness (Standard and Pro Account)
High leverage (1:500)	No swap-free option for ECN Account
Wide range of order volumes	Commission of $7 per lot for FX and Metals trades (ECN Account)
Compatibility with Trading platforms and Expert Advisors
No maximum limit on the number of open positions

Leverage

In terms of trading leverage, the maximum trading leverage offered by Veracity Markets is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

Veracity Markets offers different spreads and commissions based on the type of account. The Standard account features a floating spread starting from 1.6 pips, while the Pro account has a floating spread starting from 2 pips. The ECN account, on the other hand, offers a spread of 0.0 pips.

In terms of commissions, there are no commissions charged on the Standard and Pro accounts. However, for those with an ECN account, there is a commission of $7 per lot specifically for Forex and Metals trading.

Trading Platform

Veracity Markets provides traders with the renowned MT4 trading platform. MT4 stands as the established benchmark for Forex trading, offering a trading interface that is straightforward to navigate, robust charting tools, and an extensive range of custom indicators to facilitate automated and EA trading. Alongside this, Veracity Markets grants traders the option to select from a variety of MT4 web, desktop, and mobile trading platforms.

Pros and Cons

Pros	Cons
Renowned MT4 trading platform	No mention of alternative trading platforms
Availability of MT4 web, desktop, and mobile trading platforms
Extensive range of custom indicators for automated and EA trading

Deposit & Withdrawal

Deposit: Veracity Markets offers multiple options for traders to deposit funds into their accounts. These methods include bank transfers, credit/debit cards, and popular e-payment methods such as Neteller, Skrill, and Fasapay.

Withdrawal: The platform allows withdrawals to be made to local banks without any additional charges. However, for withdrawals using other methods like Skrill and Neteller, Veracity Markets applies a 2% fee on the total withdrawal amount. It's important for traders to take this fee into consideration when planning their withdrawals.

Pros	Cons
Multiple payment methods	2% fee for Skrill and Neteller withdrawals
Bank transfers accepted	Charges apply for certain withdrawal methods
Local bank withdrawals

Customer Support

Clients can reach out to Veracity Markets through their website's “Contact Us” section, where they are required to provide their name, email address, phone number, and a message detailing their inquiry. By collecting these details, Veracity Markets ensures that they can respond promptly to customer requests.

For customers in South Africa, Veracity Markets provides multiple contact options. Clients can utilize the phone number +27 (0) 87 012 5545 or reach out to specific departments via email, such as help@veracitymarkets.com for general assistance, finance@veracitymarkets.com for financial inquiries, compliance@veracitymarkets.com for compliance-related matters, partners@veracitymarkets.com for partnership inquiries, and media@veracitymarkets.com for media-related queries.

Veracity Markets also offers two physical addresses in South Africa, located at 155 West Street, Sandown, Sandton, 2031, and 80 Strand Street, Cape Town, 8000. These addresses serve as additional points of contact, enabling clients to visit their offices if required.

Reviews

The reviews on WikiFX regarding Veracity Markets highlight several concerns and issues raised by customers. Some customers express frustration regarding difficulties with withdrawals, stating that they were unable to withdraw their funds or faced delays in the withdrawal process. Others mention severe slippage and technical issues, resulting in account losses or blown accounts. There are also complaints about trades being closed prematurely and deposit-related problems. Overall, these reviews indicate a lack of trust and satisfaction with Veracity Markets' services, particularly regarding withdrawal processes, slippage, and technical issues.

Conclusion

In conclusion, Veracity Markets presents both advantages and disadvantages. On the positive side, they offer a range of market instruments for trading, including derivatives, indices, metals, commodities, and shares. They provide three different account types with various features and specifications, catering to different trading preferences. The maximum trading leverage of 1:500 offered by Veracity Markets is relatively high. They also support the popular MT4 trading platform, known for its user-friendly interface and robust charting tools. In terms of customer support, Veracity Markets offers multiple contact options and physical addresses for clients to reach out or visit if needed.

However, it is important to note that Veracity Markets is not regulated by any valid regulatory authority based on the information provided. The license numbers claimed by Veracity Markets from the South Africa Financial Sector Conduct Authority (FSCA) and the New Zealand Financial Service Providers Register (FSPR) are suspected to be clones, raising concerns about the legitimacy of the broker. Additionally, the reviews on WikiFX highlight customer complaints regarding difficulties with withdrawals, severe slippage, technical issues, premature trade closures, and deposit-related problems. These reviews suggest a lack of trust and satisfaction with Veracity Markets' services.

Frequently Asked Questions (FAQs)

Q 1:	Is Veracity Markets regulated？
A 1:	No. It has been verified that FSCA and FSPR licenses are both suspicious clones.

Q 2:	At Veracity Markets, are there any regional restrictions for traders？
A 2:	Yes. The information provided by Veracity Markets is not directed or intended for distribution to or use by residents of certain countries or jurisdictions including, but not limited to, the United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea and the USA.

Q 3:	Does Veracity Markets offer demo accounts？
A 3:	Yes.

Q 4:	Does Veracity Markets offer the industry-standard MT4 & MT5？
A 4:	Yes. Veracity Markets supports MT4.

Q 5:	What is the minimum deposit for Veracity Markets？
A 5:	The minimum initial deposit with Veracity Markets is said to be just $10, but opening an account requires $250.

Q 6:	Is Veracity Markets a good broker for beginners？
A 6:	No. Veracity Markets is not a good choice for beginners. Though it advertises well, it lacks legitimate regulation.