Veracity Markets fees, spreads, commission, and trading involves fees from $0 / ZAR R 0, spreads from 0.00 pips to 2.00 pips, and commission-free trading depending on the account traders select, and a minimum deposit fee of $250 / ZAR R4 000.
Veracity Markets fees and spreads
| 🔎 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 |
Veracity Markets’ spreads start from 0 pips on EUR/USD.
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 fees and spreads review- 7 Key Point Overview
- ✔️Veracity Markets fees and spreads
- ✔️Veracity Markets fees and spreads review- Key Point Overview
- ✔️Veracity Markets Pros and Cons
- Additional Trading Fees
- Broker Fees
- Veracity Markets at a glance
- Frequently asked questions
Veracity Markets’ spreads start from 0 pips on EUR/USD. On the ECN Account, spreads start from 0 pips. On Standard Account, spreads start from 1.6 pips, and the Fixed Account offers spreads that start from 2.0 pips.
Veracity Markets offers zero-commission trading on the standard and fixed accounts. However, with the ECN Account, you will be charged a standard of $ 7 per lot when trading with Forex and Metals.
Veracity Markets Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive trading conditions | Clients from the United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea, and the USA are not accepted. |
| Demo account offered | Commission charges in the ECN accounts |
| No deposit fees or withdrawal fees charged | Spreads are not the tightest |
| Regulated through FSCA | |
| Transparent fee schedule | |
| Zero commissions charged on the Standard and Fixed account types |
Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
It is not clear on the Veracity Markets website what these overnight, or swap fees are. For more information on the swaps that traders can expect, traders can contact customer services.
Veracity Markets does not offer spread betting and thus spread betting fees do not apply.
Broker Fees
Veracity Markets does not charge deposit fees or withdrawal fees and will cover all bank processing charges.
Traders must also consider fees relating to account inactivity, account management and maintenance fees, currency conversion fees, and others. It does not seem like Veracity Markets charge any of these fees.
Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
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
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 starts 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 of $ 7 per lot when trading with Forex and Metals.
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 caters for both beginners and expert traders.
What is the overall rating out of 10 for Veracity Markets?
7/10.
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