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VeracityFX -

Score

1.26 /10
Danger

VeracityFX

Japan

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://veracityfx.com

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.10

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Veracity Wealth (Pty) Ltd

Company Abbreviation

VeracityFX

Platform registered country and region

Japan

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-17
  • 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

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
VeracityFX · Company summary

Note: VeracityFX's official website: https://veracityfx.com/ is currently inaccessible normally.

VeracityFX Review Summary
Founded2023
Registered Country/RegionJapan
RegulationFSCA (Suspicious Clone)
Market InstrumentsForex, Indices, Commodities, Metals, Shares
Demo Account/
LeverageUp to 1:500
SpreadFrom 1.2 pips
Trading PlatformsMT5
Minimum Deposit$1
Customer Support24/5 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.

VeracityFX's homepage

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 TypeFinancial Service Corporate
Licensed Number49937

The Licensed Institution is VERACITY WEALTH (PTY) LTD, while the name of this broker is VeracityFX, which means it is a fake license.

Suspicious clone FSCA 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 TypeMiniStandardManaged
Min Deposit$1$100
Leverage1:500
Spread From 1.2 pips
Account comparison

Trading Platform

VeracityFX offers MT5 trading platform for clients.

MT5

Deposit and Withdrawal

VeracityFX supports payment methods through VISA, bank transfer, ozow, Skrill, and NETELLER without any fees.

Deposit and Withdrawal

User Reviews

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User comment

5

Comments

Write a review

Erik Bakker
more than one year
Offers the MetaTrader 5 platform. No proprietary platform option.
Offers the MetaTrader 5 platform. No proprietary platform option.
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2024-07-22 14:52
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0
0
Qutancl
more than one year
Solid app, solid experience, would definitely recommend, very easy to use and work with, had no issues whatsoever.
Solid app, solid experience, would definitely recommend, very easy to use and work with, had no issues whatsoever.
Translate to English
2024-06-21 12:14
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0
0
3