TD Markets Broker Review

Since 2015, TD Markets has been a leading forex and CFD broker. Its simplicity is the underlying principle of the company. Creating an account is quick, and the trading platform is the popular MT4 used by many traders today.

Our recommendation is to read this broker’s entire review to understand better the features and tools it offers.

You can find our transparent TD Markets review below. Broker reviews are updated frequently!

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Pros / Cons
  • FSCA Regulated
  • Low Spreads
  • Low Min Deposit
  • Broker Verified
  • No Welcome Bonus
  • No MT5

About TD markets broker

Based in Sandton, Johannesburg, this broker platform operates in numerous African countries and is regulated by the Financial Sector Conduct Authority (FSCA) under FSP number 49128. The Metatrader 4 platform is award-winning, and withdrawals are available 24 hours a day.

Retail traders and institutional traders alike work with them around the world. Through the constant adaptation of its product offering, they drive innovation in the financial markets.

The broker ranks among the top single stock instrument basket brokers globally after adding single stock CFD instruments and ETF CFDs.

It operates according to its core values to achieve transparency and diversity. As a Financial Services Provider with the Financial Sector Conduct Authority, this platform offers attractive, purely STP trading conditions worldwide. In South Africa, it operates under TD Markets (Pty) Ltd.

3.1 stars from 289 ratings

N/A

Since 2015, TD Markets has been a leading forex and binary options broker. Its simplicity is the underlying principle of t...

Sign upSign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

TD markets regulation

St. Vincent and the Grenadines Financial Services Authority (SVGFSA) and the Financial Services Compensation Authority (FSCA) regulate the broker.

Despite being registered in the UK, the company does not have FCA authorisation. The company is an STP/NDD; although it claims to offer DMA execution, its trading conditions are attractive.

Trading with this platform gives traders peace of mind. The company employs a variety of protocols designed to ensure their funds and clients’ equity is protected to the fullest extent possible.

It is a registered Financial Services Provider with the Financial Sector Conduct Authority; TD Markets operate as TD Markets (Pty) Ltd South Africa in South Africa.

Through world-class product offerings, a unique service model, ongoing support, and education, the broker claims to be capable of serving retail, institutional, and professional clients with unmatched expertise.

TD markets products

The broker is a forex and CFD broker that provides a wide range of assets. MT4 is a trading platform used by clients for trading currency pairs and CFDs on metals, energies, indices, stocks, and cryptocurrencies.

Forex Over 60 currency pairs
Metals CFDs on precious metals inc. platinum, gold, silver
Energies CFDs on Spot Energies, brent oil, WTI, and natural gas
Indices CFDs on significant indices inc. NAS100, SPX500, AUS200
Shares CFDs on global stock inc. Apple, Amazon, Facebook
ETFs CFDs on 19 trading assets inc.FXI.te, GLD.te, IWM.te
Cryptocurrencies CFDs on 11 trading assets inc.Bitcoin, Ethereum, Litecoin

TD Markets spreads & commissions.

Gold account has variable spread with Major FX average spreads at 1.8 pips and zero Commission on trades

Pro account has variable, raw market spread with Major FX pairs spreads from 0.1 pips and super low fixed commissions at $8 per lot

Average Standard Account Spreads on Majors

  • EURUSD: 1.0 pips
  • AUDUSD: 0.1 pips
  • GBPUSD: 0.6 pips
  • NZDUSD: 0.7 pips
  • CADUSD: 0.4 pips

TD Markets fees

You will not be charged a deposit fee or an inactivity fee. Financial institutions may waive additional charges for traders.

In addition, traders may be charged no conversion fees if they transfer fees in a currency other than their account base currency. They charge no withdrawal fees.

TD markets leverage

Traders need to remember that though the brokerages may offer them high leverage, trading at such a high level is only suitable for experienced traders who can prevent significant losses.

The leverage ratio is as high as 1: 500.

Leverage amounts are expressed as a ratio of 50:1, 100:1, or 500:1. In the case of trading ticket sizes of 500,000 USD/JPY and $1,000 in your trading account, your leverage equals 500:1.

The margin is used to cover any credit risks that may arise during the trading process. To ensure sufficient margin, you must have funds in your trading account equal to the percentage of your positions (e.g., 5% or 1%).

TD markets account types.

The unique trading solutions offered by TD Markets cater to the needs of unique traders. A $50 opening deposit is required for the TDM Gold Account, which offers zero commission on trades, Major FX average spreads at 1.8 pips, and variable spreads.

TDM Gold account details are as follows:

Spreads Variable spreads starting at 1.8 pips
Commission Zero
Minimum deposit $50
Leverage 500:1
Overnight swap fees Yes
EAs, scalping, hedging Yes
Trading platform MT4

A $1,000 opening deposit requirement for the Pro Account offers raw ECN spreads from 0.1 Pips. TD Markets does not have a dealing desk with both accounts, as all trades are routed directly to its liquidity providers.

TDM Pro account details are as follows:

Spreads Variable spreads starting at 1.8 pips
Commission Zero
Minimum deposit $50
Leverage 500:1
Overnight swap fees Yes
EAs, scalping, hedging Yes
Trading platform MT4

Trading the mini account on the MetaTrader 4 platform is possible with a basic forex trading account, offering variable spreads and leverage up to 1:500.

Minimum initial deposits are low, high leverage is possible, and variable spreads and commissions are relatively low. Scalping, hedging, and copy trading are allowed.

Muslim traders following Sharia law have the option to open an Islamic Account with this platform upon request.

TD markets trading platforms

The software used to execute its clients’ trades is its forex trading platform. Brokers usually offer one platform or several at the same time.

Clients who trade forex can also trade other asset classes on a multi-asset trading platform. A client’s decision about which platform to use typically depends on what they want to trade.

As one of the most popular trading platforms, MetaTrader 4 (MT4) is provided by TD Markets. Its simplicity and various useful features make it popular.

Therefore, traders can conduct transactions and analyse the market dynamics, automate their trades through a variety of Expert Advisors, and back-test their strategies.

TD markets payment methods

There is usually a minimum deposit for opening an account, which can be made differently. Although withdrawals are usually handled the same way, they can sometimes differ.

In TD Markets’ case, $50 is needed to open an account, and funds can be deposited by wire transfer, card, Bitcoin, Ethereum and USDT (Tether).

TD Market processes withdrawals within 24 hours.

TD markets demo account

The MetaTrader 4 trading platform is accessible as a demo account.

Signing up for a free demo account allows clients to begin trading with virtual (fake) money immediately. Real-time forex trading under real market conditions is possible, but there is no risk of losing real money.

Beginner traders can open a live account once they have learned how to trade on a free demo account.

Opening an account with TD markets

The first time you open a forex trading account, just as with a bank, you need to complete a basic “know your customer” process, allowing TD Markets to validate your information and ensure the security of your fund’s account.

Visit the official website and follow the prompts to complete the process.

  1. Visit TD Markets’ official website
  2. Register yourself as a Client
  3. Verify your identity by providing personal information
  4. Once your application has been approved, it will email you access details for your trading account.
  5. Once your account has been verified and entered, you can begin trading
3.1 stars from 289 ratings

N/A

Since 2015, TD Markets has been a leading forex and binary options broker. Its simplicity is the underlying principle of t...

Sign upSign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

TD markets bonuses & promotions

According to the website and other sources, they don’t advertise bonuses. Previously they offered attractive bonuses as well as a no deposit bonus. These are no longer available.

TD markets trading hours

If a potential trader needs support at any time, they need to ensure that the broker they choose will offer adequate support.

The platform allows customers to reach the support team twenty-four hours a day, seven days a week, using live chat, emails, a web form, or a phone number.

Education & research

Potential clients should become familiar with all the necessary information and trading skills before trading forex and commodities.

Trading skills and knowledge can be obtained from other information sources if insufficient information is on the official website.

The platform offers several training and education sessions on finance-related topics, including how to execute trades, technical analysis, fundamental event impact, and market dynamics.

Thus the lack of research options may be a severe disadvantage to customers. Traders can keep up with daily developments and market movements through an economic calendar and economic news releases.

TD markets special features

The broker platform also offers the following features:

1.   Economic news releases

Trades can access economic news releases that could influence markets through this platform. Keeping up with daily developments and market movement can be complex, with market volatility at its peak. Therefore, most traders rely on an economic calendar to monitor market movement.

2.   Segregation of accounts

The company keeps client money separate from its own. Transparency is one of its core values, so this aligns with regulations.

3.   Negative balance protection

A negative balance on a trading account is a precautionary measure to protect the client from market volatility. Therefore, even if the markets move extremely quickly, the customer will not pay back a negative balance.

4.   Protocols against money laundering

Due diligence measures are in place when accepting and executing money!

5.   Accounts at major banks

Investment-grade banks are the only ones TD Markets uses to hold client funds.

6.   Warning alerts

Potential traders should be aware that Forex and CFD trading always carry a significant level of risk, making them unsuitable for all investors.

Before investing money that they cannot afford to lose, clients are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before trading the products offered by this platform.

TD markets South Africa

Customers from South Africa can also open their trading account through the ZAR currency. South Africa is one of the accepted countries under the broker’s regulation for opening the trading account.

Broker FAQ

Thinking of Trading with TD Markets?

TD-Markets-FAQ

1.   TD markets support which platforms?

MetaTrader 4 is the popular trading platform offered by TD Markets.

2.   It is a leveraged broker?

The maximum leverage is up to 1: 500.

3.   Does the broker offer what spreads?

Spreads start at 0.8 pips which is the lowest one among its competitors.

4.   Do they charge commissions?

Each lot is subject to a 2 USD commission. After opening an account or contacting customer service, you can learn more about commissions.

Bottom line

TD Markets offers very competitive trading conditions for forex and CFDs. Spreads are competitive, and the minimum deposit is low. Only a few payment options are available. eWallets are not readily available.

The account type is the only one available. A fresh and simple website is available for the broker. Brokers can consider it an advantage to use the most popular trading platform, MT4.

If you don’t like this broker’s offers, you might find a better broker in my top forex brokers list.

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Since 2015, TD Markets has been a leading forex and binary options broker. Its simplicity is the underlying principle of the company.

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