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Is Veracity-Markets a Scam or Not? Detailed Veracity-Markets Review, which is a must read before you trade with this Forex broker. Read all Veracity-Markets pros and cons, full description of trading accounts, platforms, spreads, promotions.
Veracity-Markets Review 2024 | Information about Veracity-Markets Forex Broker - BrokersView

Operating status: SCAM

Website: https://veracitymarkets.com

Broker violations and abnormal records
  • 2021-04-18 BrokersView has reviewed that Veracity Markets is an unregulated forex broker
    Veracity Markets claims to be regulated by South Africa’s Financial Sector Conduct Authority (FSCA), but it’s actually not regulated by any financial regulator when we checked on FSCA. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Veracity Markets claims to be regulated by South Africa’s Financial Sector Conduct Authority (FSCA), but it’s actually not regulated by any financial regulator when we checked on FSCA. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

My withdrawal took much longer than before, is it a scam??

jon oliver
Croatia
2023-03-29
ANSWER Veracity Markets is a non-regulated broker even though it states offers that look too good to be true.Veracity Markets claims to operated by Veracity Markets (Pty) Ltd based in South Africa with registration number 2018/515174/07, regulated by the Financial Services Conduct Authority (FSCA). However, when we searched FSCA's registry, we found the status of this broker is "applied", not "authorised". That means it is currently not authorized and regulated by FSCA. In addition, the FSCA has directed Veracity Markets to cease trading and you can check the press release from here.Regarding your question, Veracity Markets is an unlicensed broker, put simply, a scam. And that is the reason why your withdrawal took much longer than before. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would suggest investors stay away from such unlicensed brokers as Veracity Markets and trade with fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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