VeracityFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 14:03

Abstract：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.

　　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	✔