Veritas Apex Bank has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Veritas Apex Bank recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Intuitive for beginners|Personal attention
Cons: Would like more payment methods|Wish they had more educational resources
Veritas Apex Bank has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Tax reports included|Comprehensive tools|Clear documentation
Cons: Desktop app not available on Linux
I had high hopes for Veritas Apex Bank after seeing their ad online, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Competitive fees|Easy to use platform
Cons: Nothing significant|Mobile app could be improved
The hidden fees at Veritas Apex Bank are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Fast support response|Multi-device support
Cons: Limited social trading features