Brief Look at Veracity Markets
Veracity Markets is a broker with many questionable activities. The company started in 2020 but has already confused clients by using two different names: Veracity Markets (PTY) Ltd, registered in South Africa in 2018, and Nirvesh Financial Services (Pty) Ltd, the legal entity supposedly behind Veracity Markets, which has existed since 2004.
The Veracity Markets website claims the broker is regulated by the FSCA (The Financial Sector Conduct Authority of South Africa). However, the license was issued in 2004 to Nirvesh Financial, not Veracity Markets. The FCA (The Financial Conduct Authority) certificate is missing from their website, and an application for a Veracity Markets license submitted in 2018 is still under review.
Clients have reported issues such as bonus manipulation, account blocks, unfair pricing, and withdrawal problems. There are no real reviews online from traders who successfully withdrew their money.
Due to these concerns, the broker has been blacklisted.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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