VeracityFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://veracityfx.com/, the company's legitimate regulatory information South AfricaFSCAFinancial Service Corporate, to enhance the security of the company's address no 5 murano, Cnr Bellairs comaro drive, glenvista, Gauteng, 2058.
VeracityFX Forex Broker
Basic information
Japan
2-5 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Note: VeracityFX's official website: https://veracityfx.com/ is currently inaccessible normally.
VeracityFX Review SummaryFounded in 2023, VeracityFX is a brokerage firm based in Japan with a suspicious clone license. It claims to offer Forex, Indices, Commodities, Metals, and Shares via the MT5 platform.
Pros and Cons
| Pros | Cons |
| / | Non-functional website |
| Suspicious clone license | |
| Lack of transparency |
Is VeracityFX Legit?
| Regulatory Status | Suspicious Clone |
| Regulated by | FSCA |
| Licensed Institution | VERACITY WEALTH (PTY) LTD |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 49937 |
The Licensed Institution is VERACITY WEALTH (PTY) LTD, while the name of this broker is VeracityFX, which means it is a fake license.
What Can I Trade on VeracityFX?
VeracityFX claims to offer Forex, Indices, Commodities, Metals, and Shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Metals | ✔ |
Account Type/Leverage/Spread
VeracityFX provides Mini, Standard, and Managed accounts.
| Account Type | Mini | Standard | Managed |
| Min Deposit | $1 | $100 | |
| Leverage | 1:500 | ||
| Spread | From 1.2 pips | ||
Trading Platform
VeracityFX offers MT5 trading platform for clients.
Deposit and Withdrawal
VeracityFX supports payment methods through VISA, bank transfer, ozow, Skrill, and NETELLER without any fees.
Rating Index
Managed
Standard
VeracityFX Similarly Rated Brokers
Latest Reviews
Qutancl
Belarus
Solid app, solid experience, would definitely recommend, very easy to use and work with, had no issues whatsoever.
Positive
2024-06-21
yamato999
Japan
They are designed to cheat people, they don't let you withdraw your money, they are doing ETFs with the money of the people who deposited! It's truly a vice! Many people have been affected!
Exposure
2024-02-08
Erik Bakker
Australia
Offers the MetaTrader 5 platform. No proprietary platform option.
Neutral
2024-07-22