The average spreads indicated here are calculated throughout the day. They tend to be narrower under normal market conditions. However, spreads may widen as a result of important news announcements, during political uncertainty, because of unexpected events that can lead to volatile market conditions, or at the close of the business day, or at the weekends when liquidity is lower. When you trade at our company, Veracity Markets is your counter-party. Your trades are matched and any next exposure above the predefined thresholds is hedged with our liquidity providers at the current market spread. However, during volatile and illiquid market conditions our liquidity providers quote spreads larger than normal. At such times, Veracity Markets is forced to pass on some of the spread increases to its clients.
If you leave an open position for the next trading day, you pay or you obtain the certain amount, calculated on the basis of interest rates difference of two currencies in currency pair. This operation is called “swap.” In the trading terminal, “swap” is automatically converted into the deposit currency. The operation is conducted at 00.00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.
Please bear in mind that the Company may at its sole discretion change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 100% to 150% and from 30% to 75% respectively, for all MT4 accounts. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.
Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
Please note that on all MT4 market execution accounts, preset SL/TP levels are not permitted. If a client wishes to add SL/TP levels, the client can modify the existing position after the order is opened.
Please note that during the daily rollover starting from 23:59:59 (MT server time) and for a few seconds, our servers stop accepting any requests due to data processing in regards to the preparation of daily and monthly statements.
Complete Symbol specification is also available in the client terminal i.e. Right click on a symbol on the Market Watch & Select Specification.
SWAPS defined for Forex & Metals symbols are in points i.e. 10 points = 1 pip
SWAPs defined for all the Indices symbols are in points i.e. 10 points = 1 pip, except for indices such as SPX500 which is defined in Money in Margin Currency.
All Average Spreads are defined in points i.e. 10 points = 1 pip
Veracity Markets (Pty) Ltd is incorporated in South Africa with registration number 2018/515174/07 and is a duly appointed juristic representative of Nirvesh Financial Services (Pty) Ltd with registration number 2014/214417/07, which is an authorised Financial Services Provider under the Financial Advisory and Intermediary Services Act No 37 of 2002 – FSP4701. The website www.veracitymarkets.com is operated by Veracity Markets (Pty) Ltd based in South Africa.
Veracity Markets is an execution-only trading intermediary and makes use of regulated liquidity providers for clearing of its client trades.
High Risk Investment Warning
Online Trading consists of complex products that are traded on margin. Trading carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to Veracity Markets Risk Disclosure.
The content of this page is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by Veracity Markets is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at Veracity Markets.
The information provided by Veracity Markets is not directed or intended for distribution to or use by residents of certain countries or jurisdictions including, but not limited to, United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea and USA. The Company holds the right to alter the above lists of countries at its own discretion.
Responsible Trading Policy
When it comes to trading on Veracity Markets platforms and using its features, we encourage responsible behavior among all our users and traders. Our “responsible trading policy” calls on traders to protect themselves from emotional decision making that can result in unnecessary losses. This web page and its products are intended exclusively for legally adult use, given that current legislation anywhere in the world does not permit account onboarding, trading, advising, binding in a legal contract to those under 18 years of age.
Safety of Funds
At Veracity Markets (PTY) LTD, the safety of your funds is paramount to our business activity. With this in mind, all client funds are held in a segregated account separate from the companies funds.
All the funds deposited with Veracity Markets is for the sole purpose of trading the financial markets on contract for difference. There is no physical delivery of any asset. The clients acknowledge that they incur profit or loss depending on the open and close price of the asset traded. Any funds deposited with Veracity Markets is the asset of the client and a liability on Veracity Markets. The client can request for a withdrawal of their unused funds held with Veracity Markets at anytime. Any funds lost while trading in financial markets with Veracity Markets is non-refundable and non-withdrawable.