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

Veracity Finance Customer Ratings & Review

Experience 3.4/5
Products & Services 3.1/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 3.0/5
Trading Platforms 3.2/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 62


About Veracity Finance

Company Type Private
Broker Type Full Service Broker
Headquarters Ahmedabad GJ
Founder Kanaksinh Agarsinh Gohil
Established Year 2012

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

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Veracity Finance Brokerage Charges

Equity Delivery Trading 0.35%
Equity Intraday Trading 0.04%
Commodity Options Trading 0.04%
Equity Futures Trading 0.04%
Equity Options Trading Rs.35 per Lot
Currency Futures Trading 0.04%
Currency Options Trading Rs.35 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.350 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Brokerage Calculator Veracity Financial Brokerage Calculator

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

Transaction Charges 0.00315%
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction 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

Depository Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Rs.350 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.5,000
Offline to Online Yes

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

Free Demat Account Yes
Free Trading Account Yes
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers Yes
Referral Offers Yes
Zero Brokerage for Loss Making Trades No

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.

To know about offers of other stock brokers check below

Mdirect Networth Direct Pravin Ratilal RK Global
Microsec Capital N G Rathi Progressive Share Rudra Shares
Modex Securities Nine Star Broking Prostocks R Wadiwala Securities

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.

Get a Call back from Veracity Finance

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  1. Open Demat Account

Veracity Finance Products & Services:

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

Products Offered by Veracity Finance

Equity Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds No
Forex No
Banking No
Insurance Yes

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

Demat Services Yes
Trading Services Yes
3 in 1 Account No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
Trading Institution No
Trading Exposure Upto 6X

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

Fundamental Reports No
Research Reports Yes
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports Yes
Top Picks No
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory Yes
Relationship Manager Yes

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

Equity Delivery Upto 3X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 4X
Currency Options Upto 3X
Commodities Upto 2X
Margin Calculator Veracity Finance Margin Calculator

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

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform No
Mobile Site Platform No
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy No
News Flash Yes
Research Reports No
Easy Installation Yes
Global Indices Yes
Stock Tips No
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts No
Email Alerts Yes
Multi Account Management No

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

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 920

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:

Lodged in BSE 3
Resolved in BSE 3
Lodged in NSE 11
Resolved in NSE 11
Percentage of No. of Complaints Received Against Number of Active Clients 0.97

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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  1. Open Demat Account

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