Veracity Markets offers a free and advanced demo trading account in a zero-risk trading environment. The demo account can be converted into a real live account. The demo account has a trust score of 92%.
Veracity Markets demo account features
| 💰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 |
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 Demo Account Review- 6 Key Point Overview
- ✔️Veracity Markets Demo Account Features
- ✔️Veracity Demo Account Review- 5 Key Point Overview
- ✔️Veracity Markets Pros and Cons
- How to set up a Demo Account – Step by Step
- Veracity Markets at a glance
- Frequently asked questions
Veracity Markets demo account
Veracity Markets’ demo account mimics a live trading account.
- 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
Traders have access to the same functions, features, and options that they normally would on the live trading account that they choose to open.
Veracity Markets Pros and Cons
| ✅ Pros | ❌ Cons |
| The demo account does not expire | None that can be seen |
| Demo account sign-up fully digital | |
| MetaTrader4 and MetaTrader5 offered | |
| Sign-up completed in minutes |
How to set up a Demo Account – Step by Step
To register for, and set up a demo account with Veracity Markets, traders can follow these 3 steps:
Opening up a Veracity Markets live trading account can be done by following these 3 simple steps:
👉 Step 1: locate the sign-up on the Veracity dashboard.
👉Step 2: Fill in registration details
👉 Step 3: fill out confirmation pin
📍 Traders must provide proof of id along with proof of address and complete their economic profile before their registration can be completed. This forms part of a ‘know your client (kyc) process as part of anti-money laundering (AML) procedures with which brokers must comply to ensure the safety and security of traders.
📍 Once traders are registered a demo account can be opened and traders can practice in a zero-risk trading environment.
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
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.
For how long is the demo account valid?
The demo account does not expire.
Which live trading accounts does Veracity Markets offer?
Veracity Markets offers a Standard, Fixed, 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.
