Is the broker Veracity Markets a scam Forex trader?

Investment ForumCategory: Broker QuestionsIs the broker Veracity Markets a scam Forex trader?
Lynette asked 6 months ago

I was recommended by a Forex Trader on Instagram that I use the Veracity Broker.

Can anyone tell me whether this online Forex broker called Veracity Markets (, operated by Veracity Markets (Pty) Ltd, 1 Energy Lane, Century City, 7441, South Africa, is a licensed and good broker?

Is Veracity Markets a licensed bitcoin exchange? And will my deposited money be covered under the FSCA protection plan?

Your thoughts and experience with Veracity Markets will be really a big help for me in deciding to invest or not.

Thank you,

1 Answers
Moderator Staff answered 6 months ago
A quick check of Veracity Markets shows that they broker is licensed by the FSCA.
Here is what they write on their website:

Veracity Markets (Pty) Ltd is incorporated in South Africa with registration number 2018/515174/07 and is a duly appointed juristic representative of Nirvesh Financial Services (Pty) Ltd with registration number 2014/214417/07, which is an authorised Financial Services Provider under the Financial Advisory and Intermediary Services Act No 37 of 2002 – FSP4701. The website is operated by Veracity Markets (Pty) Ltd based in South Africa.

If you are looking to compare brokers, check here.

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