Veracity Markets provides 3 different main live trading account types the Standard account, Fixed account, and ECN account. Veracity Markets also offers an Islamic Swap-free account as well as a demo account.
Veracity Markets account types at a glance
| 🔎 Account Features | 🥇 Standard account | 🥈 Fixed account | 🥉 ECN account | 🥇 Demo account |
| 💰 Minimum deposit | $250 / ZAR R4 000 | $250 / ZAR R4 000 | $250 / ZAR R4 000 | No minimum deposit |
| 📈 Spreads | Floating from 1.6 pips | Floating from 2 pips | Floating from 0.00 pips | Floating from 0.6 pips |
| 📊 Commission | $0 / ZAR R0 | $0 / ZAR R0 | $7 / ZAR R112 lot Only FX & Metals* | $0 / ZAR R0 |
| 📈 Leverage | 1: 500 | 1: 500 | 1: 500 | 1 : 500 |
| 📊Order Volume (lots) | 0.01 - 250 (lot) | 0.01 - 250 (lot) | 0.01 - 250 (lot) | 0.01 - 500 (lot) |
| 📲 Platforms | MT4 | MT4 | MT4 | MT4 |
| 📈 Maximum open positions | Unlimited | Unlimited | Unlimited | 200 |
| 🔥 Expert Advisers | Yes | Yes | Yes | Yes |
| ☪️ Islamic swap-free account | Yes | Yes | No | No |
The platform aims to empower clients by increasing their trading confidence, regardless of their level of experience. Furthermore, Veracity Market has a trader-focused platform that makes market navigation easier.
Min Deposit
USD 250
Regulators
FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Veracity Markets Review- 7 Key Point Overview
- ✔️Veracity markets account types at a glance
- ✔️Veracity Markets Review- 6 Key Point Overview
- ✔️Veracity Markets Overview
- Veracity Markets Pros and Cons
- Veracity Markets Account Types
- Veracity Markets at a glance
- Frequently asked questions
Veracity Markets Overview
Veracity Markets is a regulated STP and ECN broker that is based in Cape Town, South Africa, and has been in operation since 2025.
The broker is a fairly new kid on the block but has already made its mark on the trading community. It offers trading in more than 250+ instruments which include forex, indices, commodities, shares, and online trading.
Since the company still has a short track record, investors may be concerned about its functionality or security. The company, however, claims the products it offers are of the highest quality.
Veracity Markets is regulated and authorized through the Financial Sector Conduct Authority in South Africa (FSCA), which is the highest financial regulator in Africa that supervises all non-banking financial services, which include brokerage firms.
All client funds are kept in segregated accounts as required and Veracity Markets also offers negative balance protection to its traders.
Veracity Markets aims to become the one-stop shop for trading across a wide array of financial instruments with multiple types of trading accounts and a wide assortment of trading pairs.
With Veracity markets, traders have access to MT4 trading platforms via mobile, desktop, and web. It offers trading through a choice of three live account types, namely a Standard Account, Fixed Account, and an ECN Account. It also offers the option of a demo account.
Trading on all financial instruments can be done through the globally preferred MetaTrader4 and the advanced MetaTrader5 across all major devices such as Mac, PC, Android, and iOS.
The broker does not accept clients from the United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea, and the USA.
Veracity Markets Pros and Cons
| ✅ Pros | ❌ Cons |
| Demo account offered | Clients from the United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea, and the USA are not accepted. |
| Multiple base currencies | Commission charges in ECN account |
| Multiple languages on offer | Spreads are not tight |
| No deposit or withdrawal fees charged | |
| Regulated through FSCA | |
| Various payment methods offered | |
| Zero commission charges on the Standard and Fixed account types | |
| Swap-free account available |
Veracity Markets Account Types
A Forex account is a trading account that traders hold with a specific broker to trade financial instruments. Brokers may offer traders either with a variety of accounts, with each catering for varying levels of skill, knowledge, and experience, or a single account that can be used.
Veracity Markets offers traders three distinct account types, these are:
- Standard Account
- Fixed Account
- ECN Account
Traders will find that through these three live account types, Veracity Markets offers competitive trading conditions along with comprehensive solutions and services.
Veracity Markets standard account features
The minimum deposit required is $250 / ZAR R4 000 a swap-free account option is available.
| 💰Minimum deposit | $250 / ZAR R4 000 |
| 📈Spreads | floating from 1.6 pips |
| 💰Commission | $0 / ZAR R0 |
| 📉Leverage | 1: 500 |
| 📉Order volume (lots) | 0.01 - 250 (lot) |
| 📈Platforms | MT4 |
| 💻Expert advisers | supported |
| 📈Swap free | available |
- Minimum deposit: $250 / ZAR R4 000
- Spreads: Floating from 1.6 pips
- Commission: $0 / ZAR R0
- Leverage: 1: 500
- Order Volume (lots): 0.01 – 250 (lot)
- Platforms: MT4
- Expert Advisers: Supported
- Swap-free account: Available
Veracity Markets fixed account features
The minimum deposit required is $250 / ZAR R4 000 a swap-free account option is available.
| 💰Minimum deposit | $250 / ZAR R4 000 |
| 📈Spreads | floating from 2 pips |
| 💰Commission | $0 / ZAR R0 |
| 📉Leverage | 1: 500 |
| 📉Order volume (lots) | 0.01 - 250 (lot) |
| 📈Platforms | MT4 |
| 💻Expert advisors | supported |
| 📈Swap free | available |
- Minimum deposit: $250 / ZAR R4 000
- Spreads: Floating from 2 pips
- Commission: $0 / ZAR R0
- Leverage: 1: 500
- Order Volume (lots): 0.01 – 250 (lot)
- Platforms: MT4
- Expert Advisors: Supported
- Swap-free account: Available
Veracity Markets ECN account features
The minimum deposit required is $250 / ZAR R4 000 a swap-free account option is not available.
| 💰Minimum deposit | $250 / ZAR R4 000 |
| 📈Spreads | floating from 0.00 pips |
| 💰Commission | $7 / ZAR R112 lot only fx & metals* |
| 📉Leverage | 1: 500 |
| 📉Order volume (lots) | 0.01 - 250 (lot) |
| 📈Platforms | MT4 |
| 💻Expert advisers | supported |
| 📈Maximum open positions | unlimited |
| 📈Swap free | not available |
- Minimum Deposit: $250 / ZAR R4 000
- Spreads: Floating from 0.00 pips
- Commission: $7 / ZAR R112 lot Only FX & Metals*
- Leverage: 1: 500
- Order Volume (lots): 0.01 – 250 (lot)
- Platforms: MT4
- Expert Advisers: Supported
- Maximum open positions: Unlimited
- Swap-free account: Not available
Veracity Markets demo account features
The Veracity demo account is ideal for traders who want to learn to trade without incurring trading risks or losses.
| 💰Minimum deposit | $0 / ZAR R0 |
| 📈Spreads | floating from 0.6 pips |
| 💰Commission | $0 / ZAR R0 |
| 📉Leverage | 1: 500 |
| 📉Order volume (lots) | 0.01 - 500 (lot) |
| 📈Platforms | MT4 |
| 💻Expert advisers | supported |
| 📈Maximum open positions | 200 |
| 📈Market execution | STP |
- Minimum Deposit: $0 / ZAR R0
- Spreads: Floating from 0.6 pips
- Commission: $0 / ZAR R0
- Leverage: 1: 500
- Order Volume (lots): 0.01 – 500 (lot)
- Platforms: MT4
- Expert Advisers: Supported
- Maximum open positions: 200
👉 In addition to the account types offered, Veracity markets also offers traders the option of registering a demo account.
👉 There is no time limit on the use of the demo account and traders are provided with $10 000 / ZAR R160 000 virtual monies with which to practice trading in RISK-FREE.
Veracity Markets Islamic account features
Veracity Markets does offer an Islamic swap-free account option one their fixed account and standard account live account options.
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
Veracity Markets does not offer the option to open an Islamic Account to Muslim traders who follow Sharia law.
Veracity Markets at a glance
| 📌Broker's name | Veracity Markets |
| 📍Headquartered | Cape Town, South Africa |
| 📅Year founded | 2020 |
| 📝Regulating authorities | Fsca |
| ❌Countries not accepted for trade | United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea, and the USA |
| 📈Islamic account (swap free) | Yes |
| 📈Demo account | No |
| 📈Institutional accounts | No |
| 📈Managed accounts | No |
| 📊Maximum leverage | 1: 500 |
| 💰Minimum deposit | $250 / ZAR R4 000 |
| 💸Deposit options | Local deposits/transfer options offered by banks such as absa bank, investec, nedbank, standard bank, capitec, fnb, tymebank and african bank. Debit cards Credit cards Instant eft Ozow Neteller Skrill |
| 💸Withdrawal options | Local deposits/transfer options offered by banks such as absa bank, investec, nedbank, standard bank, capitec, fnb, tymebank and african bank. Debit cards Credit cards Instant eft Ozow Neteller Skrill |
| 📈Platform types | Metatrader4 and metatrader5 |
| 📲Os compatibility | Pc, mac, android, and ios devices |
| 💰Tradable assets | Forex pairs Online instruments Indices Commodities Metals Shares |
| 🌍Languages supported on website | English as well as multiple other languages |
| 📞Customer support languages | English as well as multiple other languages |
| 📞Customer service hours | 24/7 |
| ☪️ Islamic swap-free account | Yes |
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Frequently asked questions
Trading environment
How many instruments can I trade with Veracity Markets?
You can trade the following financial instruments:
- Forex pairs
- Online instruments
- Indices
- Commodities
- Metals
- Shares
Which platforms are supported by Veracity Markets?
MetaTrader4 and MetaTrader5.
Does Veracity Markets offer leverage?
Yes. Leverage of up to 1: 500.
What spreads can I expect with Veracity Markets?
You can expect floating spreads that start from 0 pips on the ECN account. On the Standard Account, spreads start from 1.6 pips, and the Fixed Account offers spreads that start from 2.0 pips.
Does Veracity Markets charge commission?
No. Veracity Markets offers commission-free trading on the Standard and Fixed accounts. However, with the ECN Account, you will be charged a standard rate of $ 7 per lot when trading with Forex and Metals.
Are there additional charges on the Islamic account?
This is not applicable since Veracity Markets does not offer the option of opening an Islamic Account.
Is Veracity Markets regulated?
Yes. Veracity Markets is regulated by the FSCA.
Is Veracity Markets a recommended forex trading broker for experts and beginners?
Yes. Veracity Markets offers an ideal environment for both beginners and experts.
What is the overall rating out of 10 for Veracity Markets?
7/10.
Accounts
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Veracity Markets offer a demo account?
Yes. The broker does offer a demo account that has the same features as the live account.
For how long is the demo account valid?
The demo accounts do not expire.
Does Veracity Markets offer the option of an Islamic Account?
Yes. Veracity Markets does not offer the option of an Islamic Account for traders of the Muslim faith.
Which live trading accounts does Veracity Markets offer?
Veracity Markets offers traders a choice between the following live trading accounts, namely Standard Account, Fixed Account, and ECN Account.
What are the available deposit currencies for a live trading account?
USD, EUR, GBP, AUD, NZD, CHF, XAU, XAG, ZAR, JPY, CAD, and NOK.
Deposits and withdrawals
What is the minimum deposit for Veracity Markets?
$ 250 / ZAR R4 000
How do I make a deposit and withdrawal with Veracity Markets?
You can use any of the following:
- Local deposits/transfer options are offered by banks such as ABSA bank, Investec, Nedbank, Standard Bank, Capitec, FNB, TymeBank, and African Bank.
- Debit cards
- Credit cards
- Instant EFT
- OZOW
- Neteller
- Skrill
Does Veracity Markets charge withdrawal fees?
No. Veracity Markets does not charge any withdrawal fees but there may be fees waived by the trader’s bank.
How long does it take to make a withdrawal?
Withdrawing funds can be done from Monday to Friday from 09:00 to 17:00, GMT +2 (South African Standard Time). All request is processed within 24 – 48 hours.
