Score
VeracityFX
Japan|1-2 years| https://veracityfx.com/
Website
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Contact
Licenses
Single Core
1G
40G
Contact number
+27 315760448
Other ways of contact
Broker Information
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Veracity Wealth (Pty) Ltd
VeracityFX
Japan
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The South AfricaFSCA regulation (license number: 49937) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | from 1.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (5+) Skrill VISA Neteller |
| Withdrawal Method | (5+) Skrill Neteller VISA |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | from 1.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (5+) VISA Neteller Skrill |
| Withdrawal Method | (5+) Neteller VISA Skrill |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $1 |
| Minimum Spread | from 1.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (5+) Skrill VISA Neteller |
| Withdrawal Method | (5+) Neteller VISA Skrill |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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VeracityFX · Company Summary
Note: VeracityFX's official website: https://veracityfx.com/ is currently inaccessible normally.
| VeracityFX Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Japan |
| Regulation | FSCA (Suspicious Clone) |
| Market Instruments | Forex, Indices, Commodities, Metals, Shares |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 1.2 pips |
| Trading Platforms | MT5 |
| Minimum Deposit | $1 |
| Customer Support | 24/5 support |
| Phone: +27 315760448 | |
| Email: info@veracityfx.com | |
| Address: 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 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.
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