You’ve probably heard about Veracity Markets, the online broker that promises an easy way to trade stocks, cryptocurrencies, forex, and more. But is it really everything it claims to be?
You’ve come to the right place to find out. In this in-depth Veracity Markets review, we’ll explore whether Veracity Markets is legit and worth your time. So, keep reading this article.
Overview of Veracity Markets
Veracity Markets is a reputable financial brokerage firm that offers a wide range of trading and investment services. Founded on principles of transparency and trust, Veracity Markets has garnered a strong reputation in the financial industry.
Their platform provides access to various asset classes, including forex, commodities, indices, and cryptocurrencies. Traders can choose from multiple account types tailored to their experience and trading style, ensuring flexibility for both beginners and seasoned professionals.
Veracity Markets stands out for its commitment to security, employing advanced encryption and robust cybersecurity measures to safeguard client funds and personal information. The firm also offers educational resources, trading tools, and exceptional customer support to assist traders in making informed decisions.
Overall, Veracity Markets is a trusted partner for traders seeking a reliable and user-friendly trading experience with a strong focus on integrity and client satisfaction.
Regulation and Security of Veracity Markets
Veracity Markets is regulated by top-tier financial authorities like the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Center (AUSTRAC).
To ensure the security of your funds and personal information, Veracity Markets utilizes SSL encryption technology and two-factor authentication. Your cash and crypto are held in segregated accounts at National Australia Bank, an AA-rated bank.
What You Can Trade on Veracity Markets
Veracity Markets offers a wide range of tradable assets to suit any trader’s needs. You’ll find major forex pairs, cryptocurrencies, stocks, commodities, and indices available for trading on their platform.
Whether you prefer to trade FX, dabble in gold, or invest in tech stocks, Veracity has you covered. They offer tight spreads and low commissions on all assets so you can keep more of your money in your pocket.
Fees of Veracity Markets
When it comes to fees, Veracity Markets is very transparent. There are no hidden charges with this broker.
To open a live trading account, you need to deposit a minimum of $250. This initial deposit amount is average compared to other brokers. With this minimum deposit, you can access Veracity Markets’ trading platforms and over 200 trading instruments.
Veracity Markets offers tight spreads, so your initial deposit goes a long way. The broker is also regulated, so your funds are protected. If you want to start with a lower deposit, consider a demo account to practice with virtual funds first.
Veracity Markets Customer Support
Veracity Markets provides 24/5 customer support via phone, email, and live chat. Their support team is knowledgeable, responsive, and professional. You’ll typically connect with a support rep within a few minutes who can answer questions about:
- Funding and withdrawing from your account
- Placing trades and checking order status
- Technical issues logging in or using the platforms
- General questions about products, services, and policies
Veracity Markets aims to provide the best customer experience. Their support staff is available to assist you and make sure all your questions are resolved accurately and efficiently.
Alternatives to Veracity Markets
Looking for other options besides Veracity Markets? Check out these two reputable brokers:
eToro is a popular social trading broker with over 15 million users worldwide. It offers commission-free stock and ETF trading, as well as CFDs and crypto. The minimum deposit is just $50 and eToro is regulated in multiple jurisdictions.
TD Ameritrade is a major US broker catering to all types of traders. It has no minimum deposit and $0 commissions on stocks, ETFs, and options. TD Ameritrade provides impressive trading platforms, research tools, and educational resources. It is regulated by FINRA and SIPC.
Is Veracity Markets Legit or a Scam?
Veracity Markets is a legitimate broker, not a scam. They are regulated by top-tier authorities like the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. These stringent regulations mean Veracity Markets must uphold high standards of safety, security, and transparency. You can feel confident your funds and data will be protected.
Pros and Cons of Veracity Markets
Veracity Markets, like any broker, has its positives and negatives. Here are some of the main pros and cons to consider:
- Low fees for trading stocks, ETFs, options, and futures
- No commission on stock, ETF, and options trades
- Offers cryptocurrency trading with low fees
- Useful trading tools and resources for beginners
- Limited product selection. Only stocks, ETFs, options, futures, and cryptocurrencies are available. No bonds, mutual funds, or forex trading.
- Higher margin rates than some competitors
Veracity Markets can be a great choice for traders looking for an easy-to-use platform with low fees and competitive spreads. As with any broker though, do your due diligence – make sure their offerings and conditions match what you need.
Try out their demo account, scrutinize the fine print in their terms and conditions, and see what other real users say about their experiences. If after reviewing all this Veracity Markets still seems like the right broker for you, then go ahead and open an account.