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    Veracity Markets

    1-2 years
    |
    Suspicious Regulatory License
    |
    MT4/5 White Label
    |
    Regional Brokers

    Rating

    0123456789
    .
    0123456789
    0123456789

     /10

    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!

    License Index

    0.00

    Business Index

    5.10

    Risk Management Index

    0.00

    Software Index

    4.00

    Regulatory Index

    0.00

    Licenses

    Financial Service Providers Register

    Financial Service Corporate

    FSPR Suspicious Clone

    Overview

    • Company Name:

      Veracity Markets (Pty) Ltd
    • Company Abbreviation:

      Veracity Markets
    • Place of registration:

      Veracity MarketsSouth Africa
    • Regulatory Status:

      Suspicious Clone
    • Customer Service Email Address:

      help@veracitymarkets.com
    • Customer Service Phone Number:

      +27 (0) 87 012 5545
    • Company summary

      BasicInformation&RegulationofVeracityMarketsVeracityMarketsisaForexbrokerfoundedin2020andbasedinSouthAfrica.VeracityMarketsstandsforNirveshFinancialServicePtyLtd,whichisacompanyregulatedbytheFinancialSectorConductAuthorityofSouthAfrica.SafetyAnalysisofVeracityMarketsVeracityMarketsiscurrentlyregulatedbytheFSCAinSouthAfrica.TheFSCAisaClassBregulation,butthesafetyofinvestors'fundsontheVeracityMarketsplatformisstillsomewhatprotectedcomparedtothosetradersthatarenotregulatedorregulatedoffshore.However,investorsalsoneedtomakeacomprehensivejudgmentbasedonspreads,commissions,depositandwithdrawalfees,etc.MarketInstrumentsVeracityMarketsoffersinvestorsasmallrangeoftradingassets,mainly55pairsofcurrencypairsandpreciousmetals.Accounts&LeverageofVeracityMarketsVeracityMarketsoffersinvestorsthreedifferenttypesofaccounts,namelyStandard,Fixed,andECNaccounts.Theminimumdepositamountforallaccountsis$250orthecurrencyequivalent.ThemaximumtradingleverageforStandardandFixedaccountsis1:500.Spreads&CommissionsofVeracityMarketsSpreadsstartfrom1.6pipsforStandardaccountsand2pipsforFixedSpreadaccounts,nocommissionischargedforForexandMetals,spreadsstartfrom0pipsforECNaccounts,andacommissionof$7perlotischargedforForexandMetals.TradingPlatformAvailableofVeracityMarketsVeracityMarketsofferstradersthemostpopularMT4tradingplatformavailabletoday.TheMT4tradingplatformisthegoldstandardforForextrading,withauser-friendlytradinginterface,powerfulchartingtools,andalargenumberofcustomindicatorsthatsupportautomatedtradingandEAtrading.Additionally,VeracityMarketsalsooffersachoiceofMT4web,desktop,andmobiletradingplatformsforVeracityMarketstochoosefrom.DepositandWithdrawalofVeracityMarketsVeracityMarketssupportstraderstodepositandwithdrawfundsthroughvariousmethodssuchasbanktransfers,credit/debitcards,popularelectronicpaymentmethodssuchasNeteller,Skrill,Fasapay,etc.Pros&ConsofVeracityMarketsThemainadvantagesofveracitymarketsare:1.RegulatedbytheFSCAinSouthAfrica2.Nodeposits&withdrawalsfees3.Threetradingaccountsavailable4.24/7customersupport5.FreeeducationalresourcesThemaindisadvantagesofveracitymarketsare1.Arelativelyshorttimesinceitsestablishment2.Onlyonetradingplatform3.Limitedrangeoffinancialassets About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2021.09.28 Risk: 3 Item

    • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
    • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • The New ZealandFSPR regulatory (license number: 40983) claimed by this broker is a suspicious clone, please be aware of the risk!

    WikiFX Verification

    • Exhibition Area

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    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

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    Last Updated Time 2021-09
    Financial Service Providers Register

    Financial Service Providers Register (FSPR)

    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.

    • Licensed Institution :

      HANOVER GROUP HOLDINGS LIMITED

      Effective Date :

      2010-12-03
    • 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

    Veracity Markets · MT4/5

    Identification Result

      Veracity Markets · Website

      Most visited countries/areas

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          Veracity Markets· Genealogy

          Veracity Markets · Clones

          Veracity Markets · Market Analysis

          The data are from WIKI Research    2021.09.28 updated

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          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

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          Veracity Markets · Survey×

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          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          Veracity Markets
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          Veracity Markets · Company summary

            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.

            Market Instruments

            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


          Risk Warning

          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.