The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Risk Management Index
The Financial Service Providers Register (FSPR) has been established under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. FSPR is a searchable register of people, businesses and organisations that provide financial services in New Zealand. It enables over-the-counter brokerage firms that are unregulated, as well as new start-ups, to gain customer confidence and credibility, without the worry of complying with regulatory barriers imposed in a number of other countries.
Current Status:Suspicious Clone
License Type:Financial Service Corporate
Regulated in Country/AreaNew Zealand
Regulatory License No.：40983
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :2012-05-17
Address of Licensed Institution :Level 2, 20 Augustus Terrace Parnell Auckland
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :Veracity Markets FSP监管 View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.09.21 updated
WikiFX prompts you
Please choose wisely! Please avoid unnecessary lossContinue
Insufficient data samples
Insufficient data samples，Browsing is not supported temporarily
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
Basic Information & Regulation of Veracity Markets
Veracity Markets is a Forex broker founded in 2020 and based in South Africa. Veracity Markets stands for Nirvesh Financial Service Pty Ltd, which is a company regulated by the Financial Sector Conduct Authority of South Africa.
Safety Analysis of Veracity Markets
Veracity Markets is currently regulated by the FSCA in South Africa. The FSCA is a Class B regulation, but the safety of investors' funds on the Veracity Markets platform is still somewhat protected compared to those traders that are not regulated or regulated offshore. However, investors also need to make a comprehensive judgment based on spreads, commissions, deposit and withdrawal fees, etc.
Veracity Markets offers investors a small range of trading assets, mainly 55 pairs of currency pairs and precious metals.
Accounts & Leverage of Veracity Markets
Veracity Markets offers investors three different types of accounts, namely Standard, Fixed, and ECN accounts. The minimum deposit amount for all accounts is $250 or the currency equivalent. The maximum trading leverage for Standard and Fixed accounts is 1:500.
Spreads & Commissions of Veracity Markets
Spreads start from 1.6 pips for Standard accounts and 2 pips for Fixed Spread accounts, no commission is charged for Forex and Metals, spreads start from 0 pips for ECN accounts, and a commission of $7 per lot is charged for Forex and Metals.
Trading Platform Available of Veracity Markets
Veracity Markets offers traders the most popular MT4 trading platform available today. The MT4 trading platform is the gold standard for Forex trading, with a user-friendly trading interface, powerful charting tools, and a large number of custom indicators that support automated trading and EA trading. Additionally, Veracity Markets also offers a choice of MT4 web, desktop, and mobile trading platforms for Veracity Markets to choose from.
Deposit and Withdrawal of Veracity Markets
Veracity Markets supports traders to deposit and withdraw funds through various methods such as bank transfers, credit/debit cards, popular electronic payment methods such as Neteller, Skrill, Fasapay, etc.
Pros & Cons of Veracity Markets
The main advantages of veracity markets are:
1. Regulated by the FSCA in South Africa
2. No deposits & withdrawals fees
3. Three trading accounts available
4. 24/7 customer support
5. Free educational resources
The main disadvantages of veracity markets are
1. A relatively short time since its establishment
2. Only one trading platform
3. Limited range of financial assets
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.