TD Markets Account Types

 

TD Markets Account types offer two types of accounts. The Gold account and the Pro account. The size of your initial deposit determines which tier your account belongs to. You can shift your account to the next level by increasing your deposit amount.

TD Markets at a glance

Overall Rating

4.3/5

Rated #3 of 
Recommended FX Brokers

Minimum Deposit

$50

Regulators

FSCA

📱 Trading Desk

MT 4

₿ Crypto

Yes

📈 Total Pairs

–

Islamic Account

No

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

TD Markets

Open a Trading Account

Choose your quick section of our TD Markets Account Types below.

TD Markets Account types – 19 key points quick overview:

1. TD Markets Overview
2. TD Markets Account Types
3. TD Markets Account Features
4. TD Markets Islamic Account
5. TD Markets Demo Account
6. TD Markets Islamic Account
7. Pros and Cons
8. Conclusion
9. Frequently Asked Questions

Overall Rating

4.3/5

Rated #3 of 
Recommended FX Brokers

Minimum Deposit

$50

Regulators

FSCA

📱 Trading Desk

MT 4

₿ Crypto

Yes

📈 Total Pairs

–

Islamic Account

No

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

TD Markets

Open a Trading Account

Here is an overview of the TD Markets Account types as well as the treading features and benefits offered for each account.

TD Markets Overview

TD Markets is fully regulated by the FSCA and operates as a pure STP brokerage with no-dealing desk operations. They facilitate tailor-made solutions for both retail and institutional traders

As Forex brokers, TD Markets provides traders and institutions with access to platforms that allow them to buy and sell foreign currencies on markets worldwide.

TD Markets was established as a forex and binary options broker in 2015 and support the MT4 platform. The parent company behind the brand is TDM Holdings Inc., which is registered by the Financial Services Authority in Saint Vincent and the Grenadines and the FSCA in South Africa. Billing services and card payments are processed by its subsidiary in the UK, TD Markets Limited.

Although this company is registered in the United Kingdom, it is unfortunately not FCA-authorised.

TD Markets claims to offer DMA execution but acts as Market Maker, offering attractive trading conditions.

TD Markets employs a series of protocols to give traders ultimate peace of mind when trading with them, all of which are designed according to industry standards and allow them to protect their clients and their funds.

These protocols include:

 Segregation of accounts – Client funds are kept detached from the funds used by the company, in line with worldwide regulations and another way to align with its core value of transparency.

  Negative balance protection – is provided as a precautionary measure to protect clients if, due to market volatility a negative balance on their trading accounts arises. As a result, even if the markets move extremely rapidly, a negative balance by a customer will not be due to be paid back by the trader.

  Anti-money laundering protocols – When accepting money and executing transactions, thorough steps are put in place to ensure transparency.

  Accounts with major banks – TD Markets holds client funds only with top-tier, investment-grade banks.

The broker boasts that it offers a world-class product, one-of-a-kind service, continuous support, and education so that it can successfully serve both retail, institutional and professional clients with an unmatched level of expertise.

TD Markets Account Types

TD Markets offers one type of account to all traders. It is called a Smart Account and unfortunately, no option is available for Moslem traders to open an Islamic Account.

The minimum deposit required to open the Smart Account is only $50.

TD Markets Account Features

TD Markets offers its clients one basic forex trading account type which has variable spreads. Leverage of up to 1:500 can be used, and the option exists to trade in micro-lots on the MetaTrader 4 platform.

A low minimum deposit amount is required, high leverage levels is allowed, and the account offers comparatively low variable spreads and commission fees. Hedging and scalping are allowed and copy trading is possible.

The Smart Account also is loaded with an amount of $10, which can be counted as a way of receiving a no-deposit bonus.

TD Markets Islamic Account

TD Markets does not offer traders who follow Sharia law the option of an Islamic Account.

Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.

TD Markets Demo Account

TD Markets offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:

A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

Traders who want to evaluate and compare brokers and would like to explore TD Markets’ trading conditions in a risk-free environment.

Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

TD Markets Islamic Account

The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.

Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

TD Markets Pros and Cons

Conclusion

TD Markets offers two types of accounts. The Gold account and the Pro account. The size of your initial deposit determines which tier your account belongs to. You can shift your account to the next level by increasing your deposit amount.

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Frequently Asked Questions

Can traders from South Africa open a TD Markets trading account?

Yes, South African traders are welcome to follow the fully digital 4-step application process to open a live TD Markets trading account.

How many instruments can I trade with a TD Markets account?

You can trade several different instruments with TD Markets, which include the following: More than 50 currencies, Cryptocurrencies and More than 80 CFDs: Gold, Silver, Stocks, Stock Indexes, Oil, and Other Commodities

Which live trading accounts does TD Markets offer?

 Only the Smart Account.

Which platforms are supported by TD Markets?

 TD Markets provides the popular trading platform MetaTrader 4.

Is TD Markets a recommended forex trading broker for beginners?

 TD Markets offers a fair-trading environment for beginner forex traders looking to trade with them.