Overall Rating: ★★☆☆☆ (2.4/5.0)

Veracity Markets is a South Africa-based forex and CFD broker that offers trading on currencies, commodities, indices, and cryptocurrencies through MetaTrader 4 (MT4). Launched in 2020, the broker has rapidly grown in popularity, especially among African traders, due to its low deposit requirements, high leverage, and local deposit options. However, regulatory limitations, mixed client reviews, and withdrawal delays have raised credibility concerns in 2025.

This review covers Veracity Markets’ platforms, regulation, pricing, and whether it’s a safe option for retail traders.

Key Features

Veracity Markets appeals to retail traders looking for low entry barriers, MT4 support, and crypto trading, but lacks innovation or institutional-grade tools.

• Trading Platform:
  • MetaTrader 4 (MT4) – available on desktop, web, and mobile
• Markets Offered:
  • Forex, indices, commodities, metals, cryptocurrencies
  • 250+ instruments
• Account Types:
  • Standard, Fixed, and ECN
• Leverage:
  • Up to 1:500
• Minimum Deposit:
  • From $10
• Funding Methods:
  • Bank transfer (South African banks), Skrill, Neteller, crypto

Regulation and Security

Veracity Markets operates under minimal oversight, with a local licence that offers limited protection.

• Registered in South Africa
  • Formerly associated with FSCA (Financial Sector Conduct Authority), but not currently regulated
• No oversight by major international regulators like FCA, ASIC, or CySEC
• No confirmed client fund segregation or compensation scheme
• Not listed in major global compliance directories

The broker’s regulatory status is unclear, and this raises red flags about client security and legal recourse.

Pricing and Costs

Veracity Markets promotes tight spreads and flexible commission models, especially on ECN accounts.

• Spreads:
  • Standard account: from 1.6 pips
  • ECN account: from 0.0 pips (with commission)
• Commissions:
  • ECN account: $7 per round lot
• Deposit/Withdrawal Fees:
  • No deposit fees
  • Withdrawal delays and charges reported by users
• Inactivity Fee:
  • Not publicly disclosed

Pricing is fair on paper, but execution issues and hidden fees have been reported by users.

Educational Resources and Customer Support

Veracity Markets offers minimal educational content but maintains decent customer support via digital channels.

• Education:
  • Basic MT4 tutorials, market terms, and short guides
  • No in-depth webinars, courses, or structured training
• Market Analysis:
  • Limited to economic calendars and daily summaries
• Customer Support:
  • 24/5 live chat and email
  • WhatsApp support available in some regions
  • Mixed user reviews on response times and professionalism

Risk Management Tools

Veracity Markets offers only platform-standard risk features, with no proprietary tools or protection enhancements.

• Stop-loss, take-profit, and trailing stop orders (via MT4)
• No guaranteed stop-loss orders (GSLOs)
• No stated negative balance protection
• No margin protection tools

Pros and Cons

Pros

• Low minimum deposit and local funding support
• MT4 platform with ECN account option
• Crypto trading available
• Decent range of instruments for South African clients

Cons

• Unclear regulatory status and limited protection
• Frequent complaints about withdrawal delays
• Limited educational and analytical tools
• No guaranteed stop-loss or negative balance protection
• Lacks global credibility and transparency

Conclusion: Is Veracity Markets the Right Choice?

Veracity Markets may be attractive for South African traders seeking low-cost access to MT4 and high leverage, but the broker’s regulatory opacity, support concerns, and withdrawal complaints make it a high-risk choice. For traders who prioritise fund security, tight regulation, and professional support, more reliable alternatives like IC Markets, AvaTrade, or Pepperstone are recommended.