Score
Veracity
India|5-10 years| https://www.veracityfs.co.in
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
India
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Veracity also viewed..
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Company Summary
| Veracity Review Summary | |
| Registered Country/Region | India |
| Regulation | Unregulated |
| Market Instruments | Equity, Commodity, Currency |
| Demo Account | N/A |
| Leverage | N/A |
| Spread | N/A |
| Trading Platform | N/A |
| Min Deposit | N/A |
| Customer Support | Telephone: 079 68171800 |
| Fax: 079 68171801 | |
| Email: support@veracityfs.co.in | |
| Address: 301 Ashirwad Paras, Corporate Road, Prahaladnagar, Ahmedabad- 380015, Gujarat - India | |
| Twitter, Facebook, and YouTube | |
Veracity Information
Veracity Financial Services is a relatively new Indian financial services company specializing in currency derivatives and equity markets. It positions itself as technologically advanced and growth-focused, but it lacks proper regulation. Reports of slippage have also been associated with the platform.
Pros & Cons
| Pros | Cons |
| A variety of financial instruments like equity, commodities, and currency derivatives | Lack of regulation |
| Multiple customer support | Funding options only support cheque and online transfer |
Is Veracity Legit?
Veracity Financial Services does not appear to have any of the financial authorities backing it up. There is no data regarding its registration with major regulatory bodies like FCA or ASIC. Such absence of regulations should concern a trader most when thinking about investments and their security measures.
Furthermore, slippages are also reported, which further puts the question of reliability and effectiveness of the platform into the spotlight.
What Can I Trade on Veracity?
Veracity offers a variety of products across different markets, like equity, commodity, currency.
| Tradable Instruments | Supported |
| Equity | ✔ |
| Indices | ❌ |
| Shares | ❌ |
| Metals | ❌ |
| Commodities | ✔ |
| ETFs | ❌ |
| currency | ✔ |
| Bonds | ❌ |
| CFDs | ❌ |
| Futures | ❌ |
Deposits & Withdrawals
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Cheque | \ | \ | \ |
| Online Transfer | \ | \ | \ |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Cheque | \ | \ | \ |
| Online Transfer | \ | \ | \ |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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