Abstract:Veracity Markets is a Forex broker founded in 2020 and based in South Africa. Veracity Markets stands for Nirvesh Financial Service Pty Ltd, an company under no regulation.
General Information & Regulation
Veracity Markets is a Forex broker founded in 2020 and based in South Africa. Veracity Markets stands for Nirvesh Financial Service Pty Ltd, an company under no regulation.
Market Instruments
Veracity Markets offers investors a small range of trading assets, including 55 pairs of currency pairs and precious metals.
Minimum Deposit
Veracity Markets offer investors three different types of accounts, including Standard, Fixed, and ECN accounts. The minimum deposit amount for all accounts is $250 or the currency equivalent amount.
Veracity Markets Leverage
In terms of trading leverage, the maximum trading leverage offered by Veracity Markets is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
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
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 & Withdrawal
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.
Veracity Markets Pros & Cons
Veracity Markets Advantages Include:
1. Three trading accounts available
Veracity Markets Disavantages Include:
1. A relatively short time since its establishment
2. Only one trading platform
3. Limited range of financial assets