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VeracityFX Review: High Risk (Suspected Fraud)

TraderKnows
TraderKnows
2023-12-27

2023-established VeracityFX, a forex platform, reviewed: entity, domain, licenses, employees, software, products, etc

Veracityfx Overview

VeracityFX is a forex broker registered and established in 2023, primarily offering forex trading services to investors. The headquarters address is undisclosed. According to information available on its official website, the broker's corporate entity is VERACITY WEALTH PTY LTD, with detailed information such as the company's registered address and office location not publicly revealed .

Domain Registration of Veracityfx

The broker's official domain was registered on October 23, 2023, less than two months ago.

Veracityfx

Is Veracityfx legit or a scam? Does Veracityfx have any regulatory licenses?

VeracityFX is not regulated by any financial regulatory authority. The presence of financial regulatory bodies is a crucial factor in ensuring the transparent, fair, and secure operation of financial markets. Regulatory authorities are responsible for overseeing the business activities of brokers, ensuring their compliance with laws and regulations to protect the interests of investors. Investors should exercise caution, as the forex trading services offered by this broker are not regulated, raising concerns of potential unauthorized operations."

Website Template Quality of VeracityFX

It has been verified that the content on the broker's official website is entirely copied from the Japanese broker 'Gaitame dot com.' Clicking on the four listed features on their website redirects to Gaitame dot com, where a message pops up stating, 'Welcome to Gaitame dot com. From here on, this is the website provided by Gaitame dot com. The website you just viewed was not created by us. Furthermore, regarding the information and reviews posted on the same website, they are created solely by the operator of that website, and we do not guarantee its content. Visit the Gaitame dot com forex page.'

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Veracityfx

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Employees of Veracityfx

Traderknows was unable to find any information about the company's team members on public networks.

Trading Software Provided by Veracityfx

The broker's official website offers users the MT5 trading software, but there are no specific download links or instructions provided.

Veracityfx

Veracityfx

Online Reputation and Client Complaints

VeracityFX currently lacks effective regulation; the services provided by the company in the financial services sector are unregulated. VeracityFX is regarded as a high-risk platform, signifying that engaging in financial transactions or investment activities with the company may entail elevated risks.

Trading Products Provided by Veracityfx

The official website of VeracityFX only introduces the broker's provision of forex trading services but does not provide information on trading leverage, spread, minimum deposit amount, maximum/minimum trade volumes, maximum position size, additional margin requirements, stop-loss margin levels, overnight interest rates, trading commissions, and other details related to trading accounts.

Veracityfx的交易品种

Contact Information

The broker's official website does not provide any contact information.

Conclusion

VeracityFX's corporate registration information is non-transparent, and the broker has not obtained authorization or valid regulation from any official financial regulatory authority in any jurisdiction. Furthermore, the content on the broker's official website is plagiarized from the legitimate Japanese broker 'Gaitame dot com.' Currently, the broker is flagged as 'Suspected Fraud' on Traderknows. We warn that VeracityFX is an extremely high-risk forex broker, advising investors to steer clear of this platform to avoid potential financial losses.

Veracityfx(英)

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Wiki

Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.

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