Veracity Markets Review
Veracity Markets is an online retail broker that is registered in South Africa. They offer over 250 financial assets — forex, metals, shares, cryptocurrencies, commodities, indices, and more — for trading on the MetaTrader 4 trading platform. The broker offers multiple trading account options to choose from with a required minimum deposit of $10.
Veracity Markets Review, Pros & Cons
- User-friendly MetaTrader 4 trading platforms
- Over 250 financial assets
- 24/7 customer support team
- No USA or UK clients
- Lack of trading & learning tools
- Not the lowest commissions or spreads
- No live chat support
In this detailed Veracity Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Veracity Markets Overview
In 2020, Veracity Markets was launched to allow traders from around the world get easy access to the financial markets. The broker offers over 250 financial instruments for trading on the MT4 trading platform that is available in desktop, web, and mobile versions. Traders benefit from several favourable trading conditions, including 24/5 customer support, ultra-low spreads, fast deposits and withdrawals, leverage of up to 1:500, and more.
Veracity Markets Regulation
Veracity Markets (Pty) Ltd is incorporated in South Africa with registration number 2018/515174/07 and is a duly appointed juristic representative of Nirvesh Financial Services (Pty) Ltd with registration number 2014/214417/07, which is an authorised Financial Services Provider under the Financial Advisory and Intermediary Services Act No 37 of 2002 – FSP4701. The website www.veracitymarkets.com is operated by Veracity Markets (Pty) Ltd based in South Africa.
Veracity Markets Countries
Veracity Markets states that its services are 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.
Some Veracity Markets features and products mentioned within this Veracity Markets review may not be available to traders from certain countries because of legal restrictions.
Veracity Markets Platforms
Veracity Markets provides traders with the MetaTrader 4 trading platform. It is the platform of choice for many forex/CFD traders owing to its wide range of built-in features and capabilities, which includes the following:
- Stop loss and take profit limits
- Can be connected to your robots
- Interactive charts with 9 timeframes
- Free technical indicators to aid your trading
The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile app for Android and iOS devices.
Veracity Markets Trading Tools
There are no standalone trading tools on the broker’s website at the moment. However, traders are expected to make do with the tools built into the MT4 trading platform.
Veracity Markets Education
The broker’s website contains no educational resources at the moment. It would be nice if they offered a trading academy or an FAQ section.
Veracity Markets Instruments
The broker offers precious metals, forex, indices, cryptocurrencies, commodities, shares, and other financial instruments.
Veracity Markets Accounts & Fees
Veracity Markets offers a choice of three live trading accounts to meet the individual trading needs of clients. The accounts include Standard, Fixed Pro, and ECN Accounts. Demo accounts are also provided to familiarise beginner traders with the broker’s trading platforms before opening a live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this Veracity Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Veracity Markets broker account for online trading.
Veracity Markets Support
The broker’s customer support team is available 24/7 to respond to traders’ general, technical, and account-related inquiries. They can be reached through telephone, email, social media, or by visiting their registered office in Century City.
Veracity Markets Deposit & Withdrawal
The broker accepts local bank transfers and e-payments (Neteller and Skrill) for both account deposits and withdrawal purposes.
Veracity Markets Account Opening
Veracity Markets offers an easy signup process, which requires the potential client to simply click on the ‘Sign Up’ button on the website’s homepage and proceed to properly fill out the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Veracity Markets Summary
Veracity is a multi-asset brokerage firm that operates from South Africa, providing traders with access to trade over 250 financial instruments. Trades are done on the MT4 trading platform. A client support team is available 24/7 to aid the trading process. There are multiple trading account options to choose from.
Online Trading consists of complex products that are traded on margin. Trading carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources.