Overall, Veracity Markets can be summarised as a regulated and dependable broker with industry-competitive spreads. Veracity markets also offer traders up 55+ currency pairs and 250+ financial instruments. It can be considered a medium-risk CFD trading platform.
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 |
According to research Veracity Markets is a regulated STP and ECN broker that is based in Cape Town, South Africa, and has been in operation since 2025.
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- 19 Key Point Overview
- ✔️Veracity Markets at a glance
- ✔️Veracity Markets Review- 17 Key Point Overview
- ✔️Who is Veracity Markets?
- Safe or Scam
- Veracity Markets Pros and cons
- Leverage
- Veracity Market – Accounts
- Market instruments
- Fees
- Deposit and withdrawal
- Trading platforms
- How to open an account
- Customer support
- Education
- Research
- Awards
- Conclusion
- Disclaimer
- Frequently asked questions
Who is Veracity Markets?
👉 Veracity markets 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.
👉Veracity markets offer trading through a choice of three live account types as well as 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.
Safe or Scam
👉 When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.
👉 The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities.
👉 Veracity markets are 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 offer negative balance protection to its traders.
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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 | No swap-free account |
| No deposit or withdrawal fees charged | Spreads are not tight |
Leverage
👉 Leverage is a tool that is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposure to the market in which they are trading despite their initial deposit.
👉 However, as beneficial as leverage may be, it can also be detrimental when used incorrectly or abused. Leverage increases a trader’s chance of gains and thus, it also increases the risk of losses.
👉 Traders are at risk of incurring losses that may exceed their initial deposit, leading to a negative balance on their trading account if the trader does not have the benefit of negative balance protection.
👉 Leverage is expressed as a ratio, for instance, 1:1, 1:50, 1:100, 1:500, and even up to 1:3000. Leverage and margin go together, with the margin being the amount required from the trader at the start of the trade. This amount serves as collateral for any credit risks which may arise.
👉 Veracity markets provide traders with leverage of up to 1: 500.
Veracity Market – Accounts
👉 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 offer traders 3 live trading account types, these are:
🟢 Standard account
🟢Fixed account
🟢 Ecn account
👉 The features on the different account types are as follows:
Veracity Markets standard account
This is a MetaTrader 4 platform, the minimum deposit required is $250 / ZAR R4 000
| 💰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
This is a MetaTrader 4 platform, the minimum deposit required is $250 / ZAR R4 000
| 💰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
This is a MetaTrader 4 platform, the minimum deposit required is $250 / ZAR R4 000
| 💰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
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
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.
Market instruments
👉 Veracity markets offer traders 55+ currency pairs including majors, crosses, and exotics as well as more than 250+ financial instruments, traders have a choice between:
- Forex
- Indices
- Metals
- Commodities
- Shares
Fees
💰 Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.
Trading fees
| 💸 One of the first fees that traders will encounter concerns a minimum deposit fee which is paid after the trader has completed account registration. Veracity markets charges a minimum deposit of $ 250 on all three live account types. |
| 💸 Veracity markets offers floating spreads on all account types. On the ecn account, spreads start from 0 pips, the 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. |
Non-trading fees
| 💸 Where non-trading fees are considered, traders must consider fees relating to account inactivity, deposit and withdrawal fees, account management and maintenance fees, currency conversion fees, and others. |
| 💸 Veracity markets does not charge traders any fees when they deposit funds into their trading account or when making withdrawals. Traders may, however, be subjected to fees charged by their bank for transactions. |
Deposit and withdrawal
👉 Minimum deposit $250 / ZAR R4 000. When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
👉 Veracity markets offers traders a variety of ways through which deposits and withdrawals can be made, that include the following:
💸 Local deposits/transfer options offered by banks such as Absa Bank, Investec, Nedbank, standard bank, Capitec, FNB, Tymebank, and African bank.
💸 Debit cards
💸 Instant eft
💸 Ozow
💸 Neteller
💸 Skrill
Trading platforms
📈 The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. Where some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
📈 Veracity markets offer both metatrader4 and metatrader5 which can be used to execute trades. Both these trading platforms are powerful and allow for diverse customization.
📈 Both trading platforms are available for use with desktop pcs and mobile devices that run on either IOS or Android.
How to open an account
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.
Customer support
📞 Veracity markets can be contacted either by making use of the live chat function, which is present throughout the website, by telephone, or by a variety of email addresses. It also provides a contact request form.
📞 These services are available 24/7 and the team can assist in multiple languages. In addition, traders will find a faq section that can be consulted should traders need assistance.
Education
📈 Veracity markets do not offer traders any educational tools, resources, or materials on the website.
📈 Such tools, resources, and materials prove helpful especially for beginner traders who do not yet know how to navigate trading or the markets.
Research
🔍 Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions. Veracity markets offer no such research tools.
🔍 Although this may seem like a drawback, MetaTrader 4 and MetaTrader 5 both offer traders with a wide variety of trading tools, materials, and resources.
Awards
🥇 Awards serve to instill confidence in a broker as it reflects the level of service the broker offers. As a new broker, veracity markets has not yet obtained any rewards which are displayed on the website.
Conclusion
👉 Veracity markets is a young broker that shows enormous potential as a CFD broker. In addition to offering competitive rates and a transparent fee schedule, veracity markets also cater to a variety of traders despite their level of trading experience.
👉 The broker was only established in 2025 and falls under the jurisdiction and authority of the financial sector conduct authority in South Africa (FSCA).
👉 Veracity markets offers a choice between three live trading accounts and trading in a variety of financial instruments on the popular MT4 and MT5 platforms.
👉 The broker has no hidden fees, and its fee offerings are open and transparent. It offers 24/7 customer support in several languages and through a variety of communications.
👉 The only drawback is no educational or research tools to assist new or more advanced traders in their activities. This is however covered through the use of trading platforms.
Disclaimer
👉 Veracity markets warn potential customers that forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
👉 Before deciding to trade with veracity markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
👉 The broker’s web page and its products are intended exclusively for legally adult use, given that current legislation anywhere in the world does not permit account onboarding, trading, advising, binding in a legal contract to those under 18 years of age.
👉 Online trading consists of complex products that are traded on margin. Trading carries a high degree of risk. It is possible to lose all your capital, according to research in South Africa.
Min Deposit
USD 250
Regulators
FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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Frequently Asked Questions
Trading environment
How many instruments can I trade with Veracity Markets?
You can trade any of the following:
- Forex pairs
- Online instruments
- Indices
- Commodities
- Metals
- Shares
Which platforms are supported by Veracity Markets?
Metatrader4 and Metatrader5.
Does Veracity Markets offer leverage?
Yes. Veracity markets offer 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 offer 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 in South Africa?
Yes, it is an authorized Financial services provider, regulated under the Financial Advisory and Intermediary Services Act No 37 of 2002 – FSP4701.
Does Veracity Markets offer ZAR accounts?
Yes, ZAR accounts is available from Veracity Markets. Minimum deposit is $ 250 / ZAR R4 000.
Is Veracity Markets a recommended forex trading broker for experts and beginners?
Yes. Veracity markets offer 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 is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.
With a demo account, traders can safely explore the broker’s offer, practice trading, or test out the trading strategies that they wish to use in a live trading environment.
Does Veracity markets offer a demo account?
Yes.
How long is the demo account valid?
The demo accounts do not expire.
Which live trading accounts do Veracity markets offer?
Veracity markets offer traders a choice between the following live trading accounts:
- Standard account
- Fixed account
- 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 you 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
Do Veracity markets charge withdrawal fees?
No. Veracity markets do 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.
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