TD Markets' Fees and spreads vary according to the account type that the trader is using. TD Markets' spread list starts from 0.8 pips.TD Markets charges a commission of 2 USD / R23 ZAR per lot.
What are TD Markets' Fees and Spreads?
TD Markets offers competitive trading fees and flexible spread structures across multiple account types, with RAW spreads starting from 0.1 pips on selected accounts and commission-free options available for retail traders. TD Markets is regulated by the Financial Sector Conduct Authority (FSCA FSP 49128) and also operates under CASP registration and NBFIRA oversight, helping provide transparent pricing, segregated client funds, and regulatory compliance for forex and CFD traders.
TD Markets Fees and Spreads – key points, quick overview:
- ☑️Overview
- ☑️TD Markets Fees
- ☑️TD Markets Customer Reviews
- ☑️TD Markets at a Glance
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- TD Markets is authorised by South Africa’s FSCA (FSP 49128) and is also registered as a crypto asset provider.
- Client funds are kept separate from the company’s own, held in investment-grade banks with negative balance protection in place.
- Minimum deposits start from $5, depending on the account type. Account currencies include USD, ZAR, and NGN.
- Platform access is through MetaTrader 4 and MetaTrader 5. Both are available on desktop, web, and mobile. Crypto access is available through the TDME platform - desktop, mobile, and
- mobile app.
How Good Is TD Markets’ Customer Service?
- Potential traders need to make sure the broker company they choose will offer sufficient support whenever they need it.
- In the case of TD Markets, customers can reach the support team 24/5 by means of a live chat option, emails, a web contact form, or a contact phone number.
TD Markets Fees
- Spreads vary across accounts. Some accounts use raw pricing with a commission on top, while others include the cost in the spread itself.
| 🧾 Account | 📊 Spread Type | 📉 Avg Spread on Majors |
| 💼 TDM Mini | Raw | 1.8 pips |
| 💰 TDM Cent | Raw | From 0.2 pips |
| 🏅 TDM Gold | Variable | 1.8 pips |
| 🪙 TDM Crypto | Raw | From 0.2 pips |
| 🚀 TDM Pro | Raw | From 0.1 pips |
| 🔝 TDM Max | Variable | 1.8 pips |
| ☪️ TDM Islamic | Variable | 1.8 pips |
Commission Charges
- TD Markets applies commission fees only on some account types. These are charged per lot, depending on the account tier and position size.
| 🧾 Account | 📊 Commission |
| 💼 TDM Mini | $1 per mini lot |
| 💰 TDM Cent | $0.10 per cent lot |
| 🏅 TDM Gold | None |
| 🪙 TDM Crypto | $8 per standard lot |
| 🚀 TDM Pro | $8 per standard lot |
| 🔝 TDM Max | None |
| ☪️ TDM Islamic | None |
Swap Fees (Overnight Charges)
- Swap rates apply when positions are held overnight. These vary by asset, account type, and whether the position is long or short.
- Swaps are charged at 00:00 server time. Triple charges apply on Wednesdays to cover the weekend.
Here are some examples:
| 💱Pair | 📈 Swap Long | 📉Swap Short |
| 🇪🇺/🇺🇸 EUR USD | 5.59548 | 2.86488 |
| 🇺🇸/🇿🇦 USD ZAR | 224.92404 | 126.92412 |
| 🪙/🇺🇸 XAU USD | 35.55 | 22.55 |
| ₿/🇺🇸 BTC USD | 2939.92 | 2947.92 |
Inactivity Fees
- Accounts with no trading activity for 12 months are charged an annual $50 fee, but only if there’s a positive balance.
- If the balance is under $50, the remaining funds are deducted, and the account is closed. Accounts with $0.01 or less are archived after 90 days of inactivity.
Deposit and Withdrawal Fees
- TD Markets does not charge deposit fees. However, if you withdraw without trading, a 3% admin fee applies.
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Now |
| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 | Visit Now |
| 🥉 |  | Read Review | CySEC, IFSC, DFSA, FCA | $5 | Visit Now |
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 | Visit Now |
| 5 |  | Read Review | FSA, FSCA | $250 | Visit Now |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
| 7 |  | Read Review | FSC, FSCA | $50 | Visit Now |
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | Visit Now |
| 9 |  | Read Review | CySEC, MWALI, FSCA | $25 | Visit Now |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | Visit Now |
TD Markets at a Glance
| 🔎Broker's Name |  |
| 📍 Headquartered | South Africa |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | FSCA (SA), NBFIRA (Botswana) |
| 🪫 Negative Balance Protection | Yes |
| 💻 Account Segregation | Yes |
| 🔋 Investor Protection Schemes | Suitable fidelity guarantees in place |
| 🌐 Countries not accepted for trade | France, Turkey, USA |
| 👍 Demo Account | Yes |
| 💳 Institutional Accounts | Yes (via white label & partnerships) |
| 📊 Institutional Accounts | Yes |
| ➕ Accounts | MINI, CENT, GOLD, PRO, CRYPTO, MAX, ISLAMIC |
| 📇 Minor Account Currencies | ZAR, NGN and USD supported |
| 📊 Managed Accounts | Not offered |
| 📈 Maximum Leverage | Up to 1:2000 |
| 💰 Minimum Deposit | $5 |
| 💳 Deposit Options | Multiple cryptocurrencies (BTC, ETH, USDT etc), VISA, Mastercard, Bank Wire |
| 💳 Withdrawal Options | Multiple cryptocurrencies (BTC, ETH, USDT etc), VISA, Mastercard, Bank Wire |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, TDME |
| 📱 OS Compatibility | Windows, Mac, iOS, Android, Web |
| 📈 Tradable assets offered | Over 50 forex currency pairs, binary options, stocks, gold, silver, oil, and bitcoin |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | Multiple incl. English |
| 📆 Customer Service Hours | 24/5 |
| 🖥️ Forex Trading Tools | EAs, market depth, copy trading |
| 🪪 Affiliate Programme | Yes |
| 📞 Customer Support Phone | 010 300 0011 (South Africa) |
| 📱 Customer Support Email | care@tdmarkets.com |
| 📋 IB Programme | Yes |
| 📝Sign up | 👉 Open Account |
TD Markets Customer Reviews
- Trading tools are praised for smooth MT4/MT5 performance and helpful add-ons.
- Spreads and costs receive consistent praise for tight pricing, with rare slippage experienced by most.
- Execution speed earns approving nods: orders fill quickly, even during busy times.
- Customer support gets frequent mentions for being patient, responsive, and locally based.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 4.3/5 on Trustpilot from 38 reviews (“Excellent”) |
| 👏Customer Satisfaction | Highly praised for fast execution, fair spreads, and friendly, proactive account managers in multiple South African reviews . |
| 📞Customer Service | Trusted for prompt, expert support instant responses to technical queries and good scalability though a few withdrawal delays are reported by some users . |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Long-term users mention reliable withdrawals, low spreads, and support for beginners. | ⭐⭐⭐☆☆ |
 | Clients mention helpful account managers and efficient support. Some describe the service as excellent. | ⭐⭐⭐☆☆ |
 | Positive experiences dominate. No major red flags reported. | ⭐⭐⭐⭐☆ |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low initial deposit required | No choice of trading platforms |
| Low spreads | No e-wallets as payment methods |
Conclusion
TD Markets' Fees, Spreads, and commissions vary according to the account type that the trader is using.
TD Markets' spread list starts from 0.8 pips.TD Markets charges a commission of 2 USD per lot, which is comparatively low in the industry.
You might also like:
TD Markets ReviewTD Markets Account Types OverviewTD Markets Demo Account – Step by StepTD Markets Minimum Deposit TD Markets Sign up Bonus
Frequently Asked Questions
What Are TD Markets Spreads?
TD Markets' spreads are the difference between the bid and ask prices on trading instruments. The broker offers variable spreads that can tighten during high liquidity periods. Forex traders often monitor spreads closely because lower spreads can help reduce overall trading costs and improve short-term trading efficiency.
Does TD Markets Charge Trading Commissions?
TD Markets may charge commissions depending on the account type selected by the trader. Some accounts operate with spread-only pricing, while others provide tighter raw spreads combined with a fixed commission per lot traded. Commission structures can vary across forex, indices, commodities, and cryptocurrency markets.
Are TD Markets Spreads Fixed or Variable?
TD Markets primarily offers variable spreads that fluctuate according to market conditions and liquidity. During major economic announcements or volatile trading sessions, spreads may widen temporarily. Traders using scalping or high-frequency strategies should monitor spread movements carefully during periods of market instability and low liquidity.
How Competitive Are TD Markets Forex Spreads?
TD Markets forex spreads are considered competitive for retail and professional traders seeking cost-effective market access. Major currency pairs such as EUR/USD and GBP/USD often feature tighter spreads than exotic pairs. Trading costs ultimately depend on account type, market volatility, and the specific instrument being traded.
Does TD Markets Charge Deposit or Withdrawal Fees?
TD Markets generally offers free deposits on several payment methods, although third-party banking or payment provider charges may still apply. Withdrawal fees can depend on the selected withdrawal method and currency conversion requirements. Traders should always review the broker’s latest payment policies before transferring trading funds.
Are There Overnight or Swap Fees on TD Markets?
TD Markets applies overnight swap fees when leveraged positions remain open past the daily rollover period. These swap rates can either be credited or charged, depending on the currency pair and market conditions. Islamic swap-free accounts may also be available for traders following Sharia-compliant trading principles.
Do TD Markets Fees Differ Between Account Types?
Yes, TD Markets' fees and spreads can vary significantly between account types. Standard accounts may include wider spreads with no commission charges, while ECN-style accounts usually offer tighter spreads alongside commission-based pricing. Choosing the correct account depends on trading frequency, strategy, and overall trading volume requirements.
What Factors Affect TD Markets' Spreads?
Several factors influence TD Markets spreads, including market volatility, liquidity levels, trading sessions, and major economic news releases. Spreads are often narrower during active market hours when trading volume is higher. Less liquid instruments and after-hours trading periods may result in wider spreads and increased transaction costs.
Are TD Markets' Fees Suitable for Scalpers?
TD Markets can be suitable for scalpers depending on the selected account type and prevailing market conditions. Traders seeking fast execution and lower spreads often prefer ECN-style accounts. However, scalpers should also consider commissions, slippage risks, execution speed, and volatility before implementing aggressive short-term trading strategies.
How Can Traders Reduce TD Markets Trading Costs?
Traders can reduce TD Markets trading costs by selecting tighter spread accounts, avoiding unnecessary overnight positions, and trading during highly liquid market sessions. Monitoring economic calendars and minimizing excessive leverage can also help control indirect costs associated with volatility, spread widening, and margin-related trading expenses.
You Might Also Like
Recommended brokers
