Operating from South Africa, Veracity Markets is a retail trading broker that was established in 2020 and has continued to provide clients from around the world with easy access to the financial markets. The broker operates as a ‘Market Maker’ whilst providing traders with the MT4 trading platform to enable them to trade over 250 financial assets, including forex, metals, shares, cryptocurrencies, commodities, indices, and more. The broker offers various trading account options with a required minimum deposit of $10. A commission of $7 is charged with trades, while leverage of 1:500 is available.
Veracity Markets Review Introduction
In this Veracity Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Veracity Markets.
Veracity Markets Platforms & Tools
At Veracity markets, all trading activities are carried out on the MetaTrader 4 (MT4) platform — a popular trading platform that was created in 2005 by a Russian software company, MetaQuotes. MT4 is designed to suit traders of all levels owing to its user-friendly interface and advanced trading functionalities, including one-click executions, stop and limit orders, technical indicators, support for the automation of trades using expert advisors, and more.
The broker makes the MT4 platform available as a desktop application for Windows and Mac computers; a web version that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile trading app that is compatible with Android and iOS devices. The mobile app allows traders to place trades and check trading positions on the move if there is an internet connection.
Veracity Markets Research & Education
There are no educational resources on the broker’s website at the moment.
Veracity Markets Trading Accounts
The following live trading account options are available at Veracity Markets: Standard, Fixed Pro, and ECN Accounts. They require a minimum deposit of $10 and charge a commission fee of $7 on trades. Demo accounts are also available for practice purposes.
Veracity Markets Account Funding
Traders are allowed to deposit and withdraw funds to and from their trading accounts using local bank transfers and some online payment gateways, such as Neteller and Skrill.
Some payment methods may not be available in certain territories, while the transaction processing time may vary depending on the payment method in use.
Veracity Markets Customer Service
The broker offers a knowledgeable client support team that is always available to respond to all traders’ general, technical, and account-related inquiries. They are available 24/7 and can be reached via the following contact channels: email, social media, and telephone. Traders can also visit their registered office in Century City.
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 authorized 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 Review Summary
Veracity is a regulated trading broker that offers access to trade more than 250 financial instruments via the MT4 trading platform. The broker offers a 24/7 customer support team to assist traders. There are various trading account options with a required minimum deposit of $10.
It is worth mentioning that some of the trading products and services in this Veracity Markets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Veracity Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.