Spreads

Spreads

To keep spreads as narrow as possible, we aim to get optimal prices from all our liquidity providers. Real time prices are aggregated from liquidity providers in order to offer best bid and ask prices to clients. Our electronic pricing engine allows us price updating on every currency pair three times per second, and thanks to this our prices reflect the current global Online Trading market levels.

Fixed or Variable Spreads?

Veracity Markets operates with variable spreads, just like the interbank Online Trading market. Because fixed spreads are usually higher than variable spreads, in case you trade fixed spreads, you will have to pay for an insurance premium.

Many times, Online Trading brokers who offer fixed spreads apply trading restrictions around the time of news announcements – and this results in your insurance becoming worthless. Veracity Markets imposes no restrictions on trading during news releases.

Fractional Pip Pricing

Veracity Markets also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction).

With fractional pip pricing you can trade with tighter spreads and enjoy most accurate quoting possible.

Legal and Regulation

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.

Clearing Services

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.

Disclaimer

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.

Regional Restrictions

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.

Refund Policy

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.

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