Veracity Finance Review, Brokerage Charges, Demat Account & more

Veracity Finance is one of the best investment solutions providers that aim to get recognized for its research, customer satisfaction and its ability to utilize all the possible opportunities for wealth creation. The company is much delighted to assist its customer will all sorts of the financial requirements.

In this article, we have taken the initiative to discuss in details about Veracity Finance, the brokerage charges it has levied, trading platforms, offers & more.

Veracity Finance Ratings & Review by Top10StockBroker

About Veracity Finance

Veracity Finance is a contemporary private company that offers trading in Indian Currency Derivatives and Equity Markets.

Headquartered in Ahmedabad GJ, the company offers full service brokerage.

The company was established in the year 2012 and has been founded by Kanansinh Agarsinh Gohil. The brokerage service company has become a pioneer absorbing hundreds of employees.

Open Demat Account with Veracity Finance

Veracity Finance Brokerage Charges

The Veracity Finance charges a nominal fee of 0.35% for Equity Delivery Trading and 0.04% for Equity Intraday Trading, Commodity Options Trading Equity Futures Trading and as well as Currency Futures Trading.

They also offer ₹ 35 per lot for the Currency Options Trading. Veracity Finance also permits a minimum of ₹ 5,000 margin money. The Trading AMC charges are absolutely free while the Demat AMC charges ₹ 350 per annum.

The final trading transaction of the company includes the brokerage fee percentage as per the market rates.

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Veracity Finance Other Charges

They levy a fee of 0.00315% on the final transaction amount along with the STT of 0.0126% on the Total Turnovers respectively.

The Stamp Duty fee varying from state to state will also be applicable along with 18% of GST on the aggregate value of the transaction amount added to the brokerage amount. The traders need not worry as these additional charges are negligible and preferably will not hamper your profit returns.

Veracity Finance Demat Account Opening Fees

In order to open a Demat trading account with Veracity Finance, the traders does not require to pay any sort of account opening charges as it is absolutely free. The AMC for Demat account is ₹350 per annum.

The best part is that they provide AMC for the Trading Account against no charges. Veracity Finance does charge margin money of minimum ₹ 5,000 but at the same time allows offline to online transactions.

Veracity Finance Offers

Veracity Finance has levied ‘No Charges’ for opening a Demat account and as well as a Trading account. They do provide discounts on brokerage fees but does not offer any ‘Happy Hours’.

Veracity Finance permits Flexible brokerage plans, Holiday offers and provides referral offers as well. Free brokerage for a month is not applicable with this company neither do they provide any rebate or discount in the brokerage fees in case the trader incurs a loss while trading.

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How to Open a Demat Account with Veracity Finance?

Below are the steps that one should follow to open a Demat account with Veracity Finance:

• The traders are required to fill up the given registration form by clicking the green button that says “Open Demat Account” somewhere on the screen / form.
• Next, the traders are required to submit the necessary KYC documents such as the PAN Card, Aadhaar Card, Identity Proof, Age Proof, Address Proof and 1 Passport Size Photograph.
• Once the trader has uploaded all the required KYC documents to their portal, following which a representative of the Veracity Finance will call you to complete the verification process further.
• Soon after the verification process is completed, they will notify you and permit access to your Demat account in a couple of hours.

Why Open Veracity Finance Trading Account?

Demat account plays a key role for each and every stock trader. Although, the Demat Account safeguards the purchased shares, it also plays the most significant part while conducting trades. Below are a few reasons why you should open a Demat account from Veracity Finance:

• Veracity Finance is well known for their hassle free and seamless stock-trading experience to all of their associates by offering a suitable and user-friendly trading platform.
• 360° assortment of the products and services are offered from their end enabling their associates to capitalise and earn profits.

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Veracity Finance Products & Services:

Here are the list of Products & Services provided by Veracity Finance:

Products Offered by Veracity Finance

Veracity Finance offers a complete package of investment and trading products like Equity Trading, Commodity Trading, Currency Trading, Options, Futures and Insurance. They do not de3al with Mutual Funds, Forex, Banking and SIP activities currently.

Veracity Finance Service Offerings

They do offer a wide range of services that are related to the Demat accounts, Trading accounts, Intraday services and IPO services.

They do not operate in3 in 1 account, Stock Recommendations, Robo Advisory, PMS and Trading Institution. Nevertheless, they do provide Trading exposure of up to 6x.

eracity Finance Research, Advisory and Stock Tips

Veracity Finance offers a broad range of services that facilitates the research support to our trading associates. Below is the list of services they offer to their beneficiaries:

• Research Reports on a daily basis.
• Free Tips for the stocks.
• IPO Reports
• Offline Advisory
• Dedicated relationship managers for enhanced communication and understanding.

Veracity Finance Exposure or Leverage

Veracity Finance proffers massive leverages or exposures to all of the trading associates. They offer Equity Futures and commodities up to 2x while Equity Delivery and Currency Option up to 3x. Currency Futures are offered up to 4x, Equity Options up to 5x and Equity Intraday up to 6x respectively.

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Veracity Finance Trading Platforms

Veracity Finance offers services on multiple platforms:

Veracity Finance Trading Terminal

• They provide the users with real time updates along with the portfolio details.
• Live markets are available besides Interactive charts.
• Global indices can be viewed.
• Email alerts can be opted for.

Veracity Finance Web Trading Platform

• Veracity Finance and its products as well as services are available on desktop platforms of Mac and Windows.
• Desktop browser platform and windows app is not available as of now.

Veracity Finance Mobile App

• Mobile App is available now. They have introduced the mobile app for more convenience in iOS and Android.

Veracity Finance Customer Care

Veracity Finance offers decent and dedicated customer care support for both online and offline traders. They do possess dedicated dealer support but does not provide 24*7 supports.

Chat support and toll free numbers are unavailable right at this time, yet facilitate email support. They have 920 branches. They are pretty quick in responding to your queries via email.

Veracity Finance Complaints and Feedback

Find the list of complaint against Veracity Finance:

Veracity Finance is a large brokerage company that runs in 920 branches across India. Despite of such a magnitude, they have received a couple of complaints from each of BSE and NSE. 0.97% of complaints have been registered and received against the number of active clients.

The statistics justify the efficacy of the company in providing their possible best.

Veracity Finance Disadvantages:

There are certain backlogs that obviously can be rectified:

• Average functionalities in Mobile Apps and as well as Desktop Apps.
• Not possessing chat features is a major drawback.
• Hidden charges are quite buggy while overall service fee is higher.

Veracity Finance Conclusion

The stockbroker industry has received a great company and service through Veracity Finance. The history and success can both be understood by observing the number of franchise that numbers to 920.

Over time, new functionalities are included making the company one of the best Stock Broking agencies in India. Nevertheless, there still remain some areas that need serious considerations and the company need to work accordingly to improve their overall user experience.

Open Demat Account with Veracity Finance

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