Our review of the broker Veracity Markets finds, that Veracity is a South African Forex broker, that is licensed by the FSCA. The FSCA is the government financial institution, regulating brokers in South Africa.
This broker is fairly new in the market, as they only started operations in May 2020. As of July 2022, they are no longer accepting new clients as the FSCA in investigating them. They have also stopped allowing clients to withdraw funds pending the outcome of the FSCA investigation.
They give their day traders and investors a wide range of underlying assets for CFD trading. Traders can use the MT4 desktop trading platform, or their mobile trading apps. You will find a choice of standard trading accounts and raw spread account types.
Deposits can be made via: OZOW, Instant EFT, First National Bank, ABSA Bank, Nedbank, Skrill, Neteller, or Bitcoin.
Veracity Markets Withdrawal
When the time comes to withdraw your money from the brokers at Veracity Markets, you will need to submit a withdrawal request manually.
As you can see in the screenshot below, withdrawals are supposed to be processed in 24 – 48 hours. This means if you still have not received your withdrawal, you have a problem.
Withdrawals at this broker are processed manually, back to your original funding source! Meaning, if you made a deposit by credit card, your money will go back to your credit card. If you deposited via a bank wire, your funds will go back to that bank account. It is always a good idea to follow up with an email to the finance department to make sure they received your request.
Their email address is [email protected] or you can call them at: +270870125545.
Veracity Markets Login
To login to your trading account at this broker, navigate to: https://secure.veracitymarkets.com/login. Once you have logged in, you can open a new demo account, or a live trading account.
Your login information for this brokers website, may be different from your MT4 user name and password. If you are having difficulty logging into your trading account, check your old emails for the login details, or click the “forgot password” button.
Broker Contact Information
Veracity Markets (Pty) Ltd, is located at: 1 Energy Lane, Century City, 7441, South Africa. Local offices include: 155 West Street, Sandown, Sandton and 80 Strand Street, Cape Town.
When you have a complaint about your broker, and you cannot resolve it directly at the broker, you may want to elevate the complaint to the regulator.
Here are links to the popular regulatory agencies: Cyprus CySEC , United Kingdom FCA, Australia ASIC, South Africa FSCA. Another option is to hire an outside company to attempt to recover your deposits. Learn more about Trader Protection Recovery Services.
Investors that use a legitimate broker that is licensed and regulated have less problems. Check out the list of Top Rated Brokers.