VeracityFX Forex Broker

Note: VeracityFX's official website: https://veracityfx.com/ is currently inaccessible normally.VeracityFX Review SummaryFounded2023Registered Country/RegionJapanRegulationFSCA (Suspicious Clone)Market InstrumentsForex, Indices, Commodities, Metals, SharesDemo Account/LeverageUp to 1:500SpreadFrom 1.2 pipsTrading PlatformsMT5Minimum Deposit$1Customer Support24/5 supportPhone: +27 315760448Email: info@veracityfx.comAddress: no 5 murano, Cnr Bellairs comaro drive, glenvista, Gauteng,2058 Founded 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 ConsPros Cons /Non-functional websiteSuspicious clone licenseLack of transparencyIs VeracityFX Legit?Regulatory Status Suspicious CloneRegulated by FSCALicensed Institution VERACITY WEALTH (PTY) LTDLicensed TypeFinancial Service CorporateLicensed Number49937 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 TypeMiniStandardManagedMin Deposit$1$100Leverage1:500Spread From 1.2 pipsTrading 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.