Score
2-5 years Suspicious Regulatory License
MT4/5 White Label
Regional Brokers
Suspicious Overrun
High potential risk
Influence
B
Score
License Index0.00
Business Index5.89
Risk Management Index0.00
Software Index4.00
Regulatory Index0.00
Influence
B
Single Core
1G
40G
English
+27 (0) 87 012 5545
More
Company Name
Veracity Markets (Pty) Ltd
Company Abbreviation
Veracity Markets
Platform registered country and region
South Africa
Company website
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
See the screen shot.
The slippage blew my account
Why you take me out of my trades becouse my T.P wasn't hit but both my orders we closed by the server Veracity Markets
Veracity Markets has been keeping me waiting on my withdrawals, at first they said they changed the bank details. Then after that they said they have technical banking issues and later last month they promised to fix withdrawal problems by 15th April our withdrawals will successfully but still nothing.
deposit not appearing
this had a severe slippage and my mt4 app jammed, it blew my account
i have been waiting for my withdrawal for over 3 days now and i was told processing takes 1 to 2 working days. all i want is my money and nothing to do with this broker.
This company is completely untrustworthy. Case and point they are calm and cool with you when they try to get you to make a deposit but its the opposite when it comes to withdrawal filling for a refund with Traceasset^org was what mad my withdrawal possible. they play dirty and are not to be trusted with your investment.
WikiFX Data provideThe Financial Sector Conduct Authority (FSCA) has ordered Veracity Markets, which has around 400 000 clients, to cease trading due to its use of illegal over-the-counter (OTC) derivatives and potential violations of other financial regulations.
WikiFX
Previously, WikiFX reported that a South Africa-rooted forex broker, Veracity Markets, has been accused of withdrawal refusal. Many traders lost control of their funds after investing in Veracity Markets. Then FSCA, the South Africa-based regulator decided to suspend Veracity Markets but didn’t launch official announcement yet. On July 13, 2022, FSCA finally made a statement about the case of Veracity Markets.
WikiFXFor the majority of traders who have been utilizing authenticity markets, this is dismal news. However, there have been warnings regarding this broker, but we chose not to heed them. I want to emphasize that it was a nice break since I have personally used it.
WikiFXSouth African broker Veracity Markets has been ordered by the Financial Sector Conduct Authority (FSCA) of South Africa to cease all operations effectively immediately from the first of July. This is an unprecedented unfolding of events as it puts under question the actions of this broker and it also affects the traders who are currently using this broker. So the next question is why. Why was the broker suspended and what does this mean for its customers?
WikiFXFounded in 2020, Veracity Markets is an online forex broker based in South Africa. Veracity Markets stands for Nirvesh Financial Service Pty Ltd, a company under no regulation. Recently, a lot of investors shared their experience with WikiFX about investing in Veracity Markets. In this article, WikiFX analyzes the reliability of this broker from specific information, regulation, exposure, etc to give you a comprehensive understanding of this broker.
WikiFXWith South Africa quickly emerging as a big global player in the forex industry, boating trading volumes that exceed $21 billion in recent years, South Africa has quickly become the African hub for forex traders and brokers but even with the FSCA in place, unsavory elements still manage to find its way to the surface, here we look at the good, the bad and the ugly of the South African market.
WikiFXAs a result of the breakdown of two more generating units yesterday, Eskom increased its rotating power cuts to Stage 4, extending load shedding until Friday morning. In the best-case scenario, the power utility predicted 37 days of load shedding, but the worst-case scenario could see the country without electricity for 100 days this winter. Load shedding is expected to cost the South African economy R500 million per stage a day in 2022, as economic activity comes to a halt during power outages.
WikiFXTo win big in the forex market, the trader must first learn how to trade. Only good traders can hope to benefit from the forex market. Proper Knowledge of the market structure remains the greatest secret of successful forex traders.
WikiFXAre you looking for a reliable and honest Veracity Markets review? If that's the case, you've come to the correct place. In this article, we'll go through the different account kinds that Veracity has to offer. You will also learn about the details of deposits and withdrawals. So let's get started.
WikiFXVeracity Markets has the ability to cause significant losses to his clients and is thus, in our judgment, a potential scammer. This element, on the other hand, demands special attention because it is frequently a target for brokerage frauds. Many fraudulent brokers, for example, charge excessive withdrawal costs that do not just cover service fees. Unfortunately, many non-withdrawal brokers hide behind these arguments to give the idea that they are not con artists.
WikiFXDespite the Central Bank of Nigeria's prohibition on cryptocurrency-related activities in the banking sector, a crypto platform said that over 33.4 million Nigerians trade or hold crypto assets.
WikiFXForex (foreign exchange) is almost certainly something you've heard or read about, demonstrating how widely it's used. However, there are many people who are interested but lack a basic understanding of how the South African financial market works or just do not know where to begin.
WikiFXThe federal high court in Abuja has ordered the central bank of Nigeria, CBN, to unfreeze the account of ojukwu that has been frozen which is controlled by Mr. chikaosolu ojukwu and his firm, stabilization energy ltd.
WikiFXIn my last article I gave an insiders perspective on two signals groups and also a not so attractive broker of which I personally invested money in the form of a joining fee and trading capital and actively traded the live markets using these below average services, if you have read my last article why I refer to this endeavor as below average, unprofitable and super frustrating.
WikiFXThe scientific data analysis of forex tools provides a certain reference value for your capital management. In this article, we will introduce you to Pivot Points Calculator, Pips Calculator, Fibonacci Calculator, Position Quantity Calculator, and Trader Comparison.
WikiFXThe BIS Innovation Hub and the South African Reserve Bank have announced the completion of a prototype system that allows international settlements to be made using central bank digital currencies.
WikiFX
