Trading 212 vs Veracity Markets - Fees Review included
Which broker is better Trading 212 or Veracity Markets? Our expert assessment conducted according to TU’s own methodology showed that Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 4.89 out of 10. Veracity Markets is one of the top brokers in the financial market with the TU Overall Score of 3.43 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | Veracity Markets |
|---|---|---|
Overall |
3.9 |
1.6 |
4.5 |
1.4 |
|
3.5 |
1.1 |
|
4.7 |
2.1 |
|
Investment Instruments |
1 |
1.7 |
Platforms and Charting Tools |
2.8 |
1.6 |
Deposit and Withdrawal |
4.1 |
2.3 |
Research |
3.7 |
1 |
Education |
3.8 |
1.7 |
Support |
3.9 |
1.6 |
Bonuses |
1 |
2.1 |
Trading 212 vs Veracity Markets: Pros and Cons
The Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.
Veracity Markets is an STP and ECN broker, which has been providing online access to trading Forex and CFD instruments since 2020. The broker’s focus is the traders from African countries, although the company accepts clients from all around the world. The broker offers 250+ instruments for trading, a wide selection of accounts, 24h support and the most popular trading platforms MT4 and MT5. The operation of Veracity Markets is regulated by the Financial Sector Conduct Authority (FSCA).
| Trading 212 | Veracity Markets | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | A huge selection of trading accounts for retail and professional traders. |
| a large selection of trading assets | No re-quotes; operation without a dealing center with direct prices of the liquidity providers. | |
| Big choice of Stocks and ETFs | Desktop and mobile versions of the trading platforms MetaTrader 4 и MetaTrader 5. | |
| UK and EU regulated broker | High leverage – 1:500 on all account types. | |
| 24-hour support via Live Chat on the website and in the Personal Account. | ||
| A possibility to withdraw funds to popular electronic wallets Bitcoin, Skrill and Neteller. | ||
| Clients’ deposits are kept in segregated accounts at major banks. | ||
| Overall Cons | lack of investment programs | Not very attractive conditions for novice traders: minimum deposit is $250 and the spreads are high – from 1.6 to 2 pips on a tranquil market. |
| a small number of ways to contact support | There is no educational information, video tutorials, or a glossary on the broker’s website. | |
| the company does not hold contests for traders | The company does not provide analytics, research instruments and news. |
Trading 212 vs Veracity Markets: Safety and Regulation
| Regulated By: | Trading 212 | Veracity Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSCA |
Trading 212 vs Veracity Markets: Trading Conditions
| Trading Conditions | Trading 212 | Veracity Markets |
|---|---|---|
Minimum Deposit |
£1, €1 |
$250 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
МТ4 (Desktop, Mobile), МТ5 (Desktop, Mobile) |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
1-500 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Currency pairs, CFDs on precious metals, commodities, indices, futures, stocks, cryptocurrencies |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
250+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Demo, Standard Cent МТ4, Standard МТ4, Standard МТ5, Fixed MT4, Fixed MT5, ECN MT4, ECN MT5, Islamic Swap Free |
Base Account Currencies |
GBP, EUR |
USD, GBP, ZAR, KWD |
Trading 212 vs Veracity Markets: Fees
Forex Trading Fees
| Fee | Trading 212 | Veracity Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
2.3 pips |
23 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
3 pips |
CFD Trading Fees
| Fee | Trading 212 | Veracity Markets |
|---|---|---|
CFD Trading Fee |
Other fees |
Floating and fixed spreads |
Non-Trading Fees
| Fee | Trading 212 | Veracity Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0,7% if you deposit more than 2000 EUR with debit or credit card |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Trading 212 vs Veracity Markets: Trading Assets
| Asset Name | Trading 212 | Veracity Markets |
|---|---|---|
Overall |
over 12000+ |
250+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
Yes |
Binary Options |
No |
No |
Trading 212 or Veracity Markets: Investment Programs
| Asset Name | Trading 212 | Veracity Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Algorithmic trading |
Trading Platforms: Veracity Markets or Trading 212
| Trading 212 | Veracity Markets | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
No |
Others |
No |
No |
Trading 212 vs Veracity Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Trading 212 | Veracity Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
Yes |
Trading 212 vs Veracity Markets: Research
| Research Type | Trading 212 | Veracity Markets |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
Trading 212 vs Veracity Markets: Education
| Education Type | Trading 212 | Veracity Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
Veracity Markets vs Trading 212: Support
| Support Features | Trading 212 | Veracity Markets |
|---|---|---|
Working Days |
24/7 |
Email 24/5, Online chat 24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
Trading 212 vs Veracity Markets: Forex Bonuses and Promo
| Promo | Trading 212 | Veracity Markets |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP. |
Introducing Brokers is a program for companies, who want to provide brokerage services under the Veracity Markets brand and earn money for every trade executed by the client. The broker offers IB three types of rewards: CPA, Revenues Share (Trade Rebates) and Hybrid Deals; White Label is an offer for small and large brokerage companies that can use technological developments of Veracity Markets in their operation in the Forex market. In addition to the MT4 platform, White Label offers products and services of a more popular company tailored to your brand. |
Other Promos |
||
Top 5 Reviews on Veracity Markets
-
Comment
Veracity Markets is one of many companies that are made to defraud and steal client money. Its operation scheme is very simple: they use various manipulations with clients’ orders and on the platform there are quotes that do not correspond to market ones. Well, the most important thing is that Veracity Markets uses various methods to avoid withdrawing client money. I was a real client of these scammers and lost all my money.
-
Comment
I consider Veracity Markets to be a decent broker. Although I've been trading here for just over a year, I've already noticed that there haven't been any major issues on the platform. I mostly trade currency pairs, and the spreads on them are reasonable. However, in some cases, such as during news releases or when holding positions overnight, the spread may widen. I've withdrawn money to my bank account, and Veracity Markets processed the requests within six days.
-
Comment
I cannot consider Veracity Markets a reliable broker. I started trading here with a capital of $4,000. However, after a year of collaboration, instead of profit, I incurred losses. Currently, I have only $587 left, and this is due to the fact that the company manipulates its platform. Complaints to the Veracity Markets support service are rejected, and there is no place to defend my rights. Veracity Markets is registered not where it is indicated on the website, and I found nothing at their legal address.
-
Comment
I can’t say that I’m satisfied with everything about Veracity Markets. This is especially true for support work. The more you try to contact them, the more they ignore you. The Veracity Markets platform is fast, one can’t complain. But here, too, not everything is smooth. There are slippages that prevent you from making a full profit. And the support simply ignores complaints about slippage.
-
Comment
An unpleasant situation with Veracity Markets also happened to me. Two profitable trades were canceled without specifying the reasons. They told me to read regulations where the broker’s right to do so is stated. It turns out that a trader is not protected in any way. I do not plan to trade with Veracity Markets.
Top 5 Reviews on Trading 212
-
Comment
I haven’t traded or registered with Trading 212 yet, but I think I should try, since the company is interesting. I am currently studying reviews about this broker. So far nothing bad has happened.
-
Comment
I like trading with trading 212. The conditions are normal. The minimum deposit is really minimal - €1, but it is better to make a normal deposit, you understand. The platform works properly too. I checked the quotes, they correspond to the market. Sometimes, opening and closing of trades is not fast enough, but it is within reasonable time.
-
Comment
I have been trading with Trading 212 for almost 2 years. The broker is not bad and it withdraws money. However, there are some problems: there are requotes and the platform freezes sometimes. But the broker is regulated, which is a plus! I’m currently trading with another company, but I have this one in mind.
-
Comment
Withdrawals and execution are fine at Trading 212. Now I make a profit, but there were different situations. I decided to trade here, as they withdraw money without any problems.
-
Comment
I came to trading 212 a couple of years ago, it’s a worthy company. What I like most is the respectful attitude towards the trader. The support has helped me more than once; the operators regularly advise me on all issues that arise. This helps me a lot in trading.
- Quotex vs Trading 212
- eToro vs Trading 212
- Trading 212 vs Trade Nation
- Trading 212 vs Eightcap
- Trading 212 vs Exness
- Trading 212 vs Spreadex
- Trading 212 vs NinjaTrader
- Trading 212 vs Fineco
- Trading 212 vs Vantage
- Trading 212 vs BlackBull Markets
- Trading 212 vs SimpleFX
- Trading 212 vs Tradeview
- Trading 212 vs IFC Markets
- Trading 212 vs FXORO
- Trading 212 vs NAGA
- Trading 212 vs Amarkets
- Trading 212 vs Swissquote
- Trading 212 vs IG
- Trading 212 vs Saxo Bank
- Trading 212 vs CMC Markets
- Trading 212 vs FP Markets
- Trading 212 vs OctaFX
- Trading 212 vs TD Ameritrade
- Trading 212 vs FBS
- Trading 212 vs Fusion Markets
- Trading 212 vs XTB
- Trading 212 vs Plus500
- Trading 212 vs Interactive Brokers
- Trading 212 vs Forex.com
- Trading 212 vs Libertex
- Trading 212 vs Admiral Markets
- Trading 212 vs RoboForex
- Pepperstone vs Trading 212
- Capital.com vs Trading 212
- AvaTrade vs Trading 212
- MultiBank vs Trading 212
- XM vs Trading 212
- IC Markets vs Trading 212
- FXTM vs Trading 212
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.