Veracityfx is a forex broker that officially registered its website on October 23, 2023. It primarily offers forex trading services to investors, with its headquarters address undisclosed. The broker operates mainly in Japan and does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to publicly available information on its official website, Veracityfx is affiliated with VERACITY WEALTH PTY LTD. However, detailed information about this entity and its regulatory status is not disclosed.
Upon verification, it was found that the content on the broker's official website is copied from the Japanese broker "外為どっとコム" (Gaitame.com). Clicking on the four listed features on Veracityfx's website redirects users to the Gaitame.com website, where a disclaimer is displayed: "Welcome to Gaitame.com. The website you just viewed was not created by us. Regarding the information and reviews posted on the same website, they are created by the operator of that website, and we do not guarantee its content. Go to the Gaitame.com forex page."
Account Opening:
To open an account with Veracityfx, users are directed to the broker's official website. Clicking on "口座開設はこちら" leads to the account registration page. Despite following the password-setting requirements, users often encounter issues preventing the completion of the registration process.
Account Types:
Veracityfx's official website does not provide information about trading account details, such as leverage, spread, minimum deposit, maximum/minimum trade volume, maximum position size, additional margin levels, stop-loss margin levels, overnight interest, and trading commissions.
Trading Platform:
Veracityfx offers a proprietary trading platform for users, including desktop and mobile versions. However, the official website does not provide any download links.
Deposits and Withdrawals:
The broker has not disclosed the supported methods for deposits and withdrawals on its official website.
Contact Information:
Veracityfx's official website does not provide any contact information.
Summary:
Traderknows advises investors that Veracityfx has opaque corporate registration information and lacks authorization and effective regulation from any official financial regulatory body in any jurisdiction. Additionally, the broker's website content is plagiarized from the legitimate Japanese broker "外為どっとコム" (Gaitame.com). Traderknows recommends investors stay away from this broker when choosing a trading platform and opt for platforms with transparent registration and regulatory information and a good reputation to avoid unnecessary financial losses. Currently, Veracityfx is marked as "suspected of fraud" on Traderknows.
