Are you going to join the veracity markets, and the only thing you lack is the right information. If yes, then there is no need to be stressed. Getting authentic information is challenging, but going through this article can surely prove fruitful. So, let’s delve into it to know more details regarding minimum deposit, processing time, and much more.
Brief History of the Veracity Markets?
Veracity Markets was launched in 2020 as a private South African company in Cape Town and Sandton. The main role of this company was to play the role of execution-only intermediary. In addition, it utilizes the regulated liquidity provided when it comes to clearing clients’ trades.
Clients from South Africa and throughout the world are all allowed on this broker. There are more than 30,000 clients getting their services right now.
Minimum Deposit of the Veracity
If you are going to create your account, then you must have to know about the minimum deposit of the broker. The Veracity minimum deposit ZAR is R4000. On the flip side, in the USD, the minimum deposit is $250.
Do you have to pay deposit fees?
Yes, the Veracity Markets charge both trading and non-trading commission. It is worth mentioning that it is established on the extensive analysis of their account terms. Furthermore, the broker also charges you the spread on Standard, Fixed, and Standard Cent account types, and it acts as a trading commission.
Additionally, the deposit and withdrawals are free, and you don’t have to pay any fees in the case of the South African bank accounts. Keep in mind that if you are using the Neteller or Skrill, you have to pay the 2% fee.
Processing time of Withdrawals and Deposits
In this section, we will shed light on the processing time that you just need to know as a user of this account type. So, if you are going for the bank wire transfer, then the processing window will take 24-48 hours, but it will take almost 5-10 days to arrive at your bank account.
In the case of deposits through credit or debit cards, there are no fees. The amount will reach your account in approximately ten business days.
When it comes to the Skrill Neteller or AstroPay, the withdrawals are free of cost and quite fast as well. It will take 24-48 hours.
Trading Assets Provided by the Veracity Markets
Fortunately, Veracity Markets offer you an extensive range of tradable instruments. The digital assets offered by the Veracity Markets include precious metals, CFDs on 150 stocks, commodities, major, minor and exotic currencies, and cryptocurrencies.
In addition, you can also trade with the famous nine stock indices such as USA 500, NASDAQ 100, France 40, etc.
Final Thoughts
Forex trading is a nerve-racking job, and you need to spend a lot of time understanding the technicalities associated with it. If you want to minimize your possibility of loss, then collect information in the first place because ignorance is lethal.
