Veracity Markets review: Regulation, Platforms, Trading Instruments and Broker Ratings.
What is VeracityMarkets?
Veracity Markets is a South African forex broker, a representative of the authorised Financial Services Provider Nirvesh Financial Services (Pty) Ltd.
Veracity Markets offers trading platforms of both MT4 and MT5 in PC and Mobile version.
VeracityMarkets offers over 50 forex currency pairs, indices, gold, silver and oil for your personal investment and trading options.
Please read Veractiy Markets Review below and share your live trading experiences with this broker.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$250|
|Address:||155 West Street, Sandown, Sandton, 2031, South Africa|
|Contact:||firstname.lastname@example.org, +27 (0) 87 012 5545|
|Trading platforms:||MT4, MT5|
|Mobile Trading:||✅ Yes|
|CFD:||(15+) Gold, Silver, Stock Indexes, Oil, Other Commodities|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), AstroPay, Bitcoin, Local Bank Transfers, Neteller, Ozow, Skrill|
|Withdrawal Methods:||Local Bank Transfers, Neteller, Skrill|
Recent User Reviews of Veracity Markets
Withheld my deposit
On the 8th I tried to increase my lot sizes on the trades but then it dawned on me that I was going to risk blowing the account so I decided to close the running trades and ask them to transfer my funds to the other account without the deposit bonus. I closed the trades and my equity was sitting on R3910. I again received a ticket number but remembered that last time they never actioned so I decided to phone instead. After holding for over 2 hours to speak to someone I was eventually transferred to Kgosi who said he was the manager and told me that I had no funds in my account. I asked what he meant by that, he said I had blown the account. I told him that wasn’t possible. Tried to explain to him what had happened with my deposit and the email I sent but he was interested instead he was laughing at me with his staff that I was failing to understand that the account is blown. I suggested that I drive through to their offices so we can resolve it but obviously if they’re wrong will have to re-imburse my petrol to which he didn’t reply so kindly. I asked him to check my account day by day from the day I deposited and he said he had done so and there were no funds. I was shocked. I then offered to send him screenshots of all the daily reports which I did. I then realized that I wasn’t going to get my money from them and decided to blow the account so he can realize that it had my money all along. I sent him another email with that screenshot and he promised to phone me which he never did to this day. I received a statement this morning, I was right, I was going to lose my funds as it was never rectified to this day.
Please stay away from them as you don’t know what problems you might encounter. I lost my funds but got exposed to the other good brokers that I wouldn’t have tried otherwise.