Overall TD Markets is a trustworthy and low-risk broker with an overall rating of 6 out of 10. TD Markets is authorized and regulated by FSCA and offers leverage up to 1:500.
TD Markets at a glance
| 🔎Broker's Name | TD Markets |
| 📍 Headquartered | South Africa |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | FSCA |
| 🌐 Countries not accepted for trade | France, Turkey, USA |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $50 / R 873,16 |
| 💳 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 | MT4 |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 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 |
| 👉 Open a account | 👉Open Account |
TD Markets is based in South Africa and is an Authorized Financial Services Provider with the Financial Sector Conduct Authority (FSCA).
Choose your quick section of our TD Markets review below.
TD Markets Review – 21 key points quick overview:
Who are TD Markets?
TD Markets is based in Sandton, Johannesburg with operations catered towards numerous African markets and is regulated by the Financial Sector Conduct Authority (FSCA) under FSP number 49128.
They provide the award-winning Metatrader 4 platform and offer 24-hour withdrawals. They work with both retail and institutional traders across the globe.
They drive innovation by constantly adapting their product offering based on demands and new offerings in the financial markets.
Having recently added a variety of single-stock CFD instruments and ETF CFDs, TD Markets is now ranked among the broadest single-stock instrument basket brokers in the world.
TD Markets Awards and recognition
In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. Such awards are usually mentioned with pride on the company website.
Although TD Markets is rated highly by some customers in personal reviews on review websites, there is no information available on the TD Markets homepage or elsewhere about any awards received by them.
TD Markets Safe or scam
TD Markets drives its operations according to its core values, Transparency, and Diversity. TD Markets offers attractive, pure STP trading conditions worldwide and operates in South Africa as TD Markets (Pty) Ltd where it is authorized as a Financial Services Provider with the Financial Sector Conduct Authority.
TD Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low initial deposit required | No choice of trading platforms |
| Low spreads | No e-wallets as payment methods |
| MT4 platform provided | |
| 24 Hour withdrawals | |
| Low spreads | |
| Multilingual support |
TD Markets Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade.
Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
TD Markets offers a maximum leverage ratio of 1: 500.
Overall Rating
4.3/5
Rated #3 of
Recommended FX Brokers
Minimum Deposit $50
Regulators FSCA
MT 4
Yes
📈 Total Pairs
–
Islamic Account No
Trading Fees Low
24 Hours
TD Markets Accounts
TD Markets offers unique trading solutions for unique traders.
| Gold Account | Pro Account | |
| 💰 Minimum deposit | R775,42 | R15508,30 |
| 💳 Commission charges | No | Yes |
| 📊 Spreads | 1.8 Pips | 0.1 Pips |
| 📈 Raw spread charges | No | Yes |
TD Markets instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders.
Soft commodities have been traded for centuries and play a significant role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a significant role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Cryptocurrencies
Bitcoin (BTC) is the digital currency with the largest market capitalization.
Litecoin (LTC) is like Bitcoin but differs in terms of scalability.
Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.
Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as an updated version of the blockchain with different rules.
TD Markets offers the following of the above: more than 50 forex currency pairs, binary options, stocks, gold, silver, oil, and cryptocurrencies like bitcoin.
TD Markets Fees
Cost depends on varied factors, like spread and margins, and TD Markets clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
TD Markets offers charges commission fees of 2 USD per lot and spreads variable spreads starting from 0.8 pips, which is comparatively low.
In fact, trading costs with this broker amount to around 1 pip per standard lot ($2 + 0.8 pips), which is quite good overall pricing. No deposit fees are charged, and inactivity fees are not charged on dormant accounts.
TD Markets Customer Reviews – Trustpilot
I’m Maswazi Gamede from Durban been…
I’m Maswazi Gamede from Durban been trading for 3-4 years and there’s no better broker than TD MARKETS reason spreads are fair and can also trade stocks from as low as 50 dollars, unlike other brokers. The account manager that I was assigned has been the best mentor I could ask for and withdrawal and approval don’t take long at all. For the best broker to trade stocks and other CFDs TD Markets.
I will be staying with TD MARKETS for as long as the service is like this everyone in South Africa can open an ACCOUNT with TD MARKETS
Thank you Zander Van Merwe and TD MARKETS
Excellence
Understanding my needs, and explaining to the T what would work best in my situation. Follow up and make sure I understand and learn what’s happening with my investment. Friendly People that have got patience and listen to me. I love TD Market!
I had to deposit money into my account…
I had to deposit money into my account and Zander and the financial team were absolutely fantastic to help me with the process and speed up the deposit process.
TD Markets Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of TD Markets, the following are required: Only $50 is needed to open an account and accounts can be funded via several payment methods, including bank wire transfer, credit and debit cards, Bitcoin, and AfriDollar (another cryptocurrency).
Withdrawals on TD Market are processed in 24 hours
TD Markets Trading platforms
The forex trading platform provided by TD Markets to its clients is the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
TD Markets provides the MetaTrader 4 (MT4) platform, which earned its reputation as the most popular trading platform due to its simplicity and various useful functionalities that allow traders to make transactions and analyze market dynamics, to automate their trades via a range of Expert Advisors and to back-test strategies.
TD Markets vs AvaTrade vs FBS – Comparison Table
| 🥇 FP Markets | 🥇 AvaTrade | 🥇 FBS | ||
| 🗺️ Regulatation | CySEC, ASIC, FSCA, CMA | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch | IFCS | |
| 💰 Minimum Deposit | $100/R1 600 ZAR,$100/R1 600,$1,000 AUD/R16 000,$25,000 AUD/R400 000 | $100/R1 600 ZAR | $1/ ZAR R16 | |
| 🚀 Welcome Bonus | No | Open a trading account in 1 minute and receive up to $ 10.000 Bonus | $140 | |
| ☪️ Islamic Account | Yes | Yes, available | Yes, available | |
| 📊 Leverage | 500:1 | 400:1 | 1:3000 | |
| 💰 Withdrawal fee | Low | Zero | yes | |
| 💰 Spreads | From 1.0 pips,From 0.0 pips | 0,9 pips | 3 pips | |
| 💳 Demo Trading Account | Yes | Yes | Yes | |
| 📒 Account Types | Standard,Raw,Platinum,Premier Accounts | Standard, Islamic, and demo account | Cent, Micro, Standard, Zero Spread, ECN, and Crypto Account | |
| 📊 Comissions | depends on the account type | No Comissions | $80 dollar / R1280 ZAR per each lot traded |
Overall Rating
4.3/5
Rated #3 of
Recommended FX Brokers
Minimum Deposit $50
Regulators FSCA
MT 4
Yes
📈 Total Pairs
–
Islamic Account No
Trading Fees Low
24 Hours
How to open a TD Markets account
Step 1 – Complete the Sign-Up form
Similarly, to a bank, to register a forex trading account with TD Markets for the first time, you will be required to go through a basic “know your customer” process, which will allow TD Markets to ascertain that your submitted details and ensure the safety of your funds and account details.
With TD Markets the process can be completed by visiting the company website and following the necessary prompts.
Step 2 – Verify your account, you will receive an email
Click on the email you will receive and verify your account
Step 3 – Make a deposit and start trading.
Access your account and click on the make a deposit option, then choose how you want to deposit and start trading
TD Markets Customer support
Potential traders need to make sure the broker company they chose 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 Education
Before starting to trade, potential clients of TD Markets should avail themselves of all the information and trading skills needed to be successful in the world of forex and commodity trading.
The TD Markets training and education sessions cover a wide range of topics pertaining to the financial markets such as how to execute trades, technical analysis, fundamental event impacts, and market dynamics.
TD Markets offers clients the opportunities to improve their knowledge to facilitate their understanding of better execution of strategic trades.
TD Markets Research
To be able to trade with confidence, traders should do as much research as possible about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they do not lose money unnecessarily and trade as profitably as possible.
With TD Markets they have access to economic news releases that may influence the markets. With market volatility at its highest, most traders depend on an economic calendar to keep up with daily developments and market movement.
TD Markets Awards
Being an awarded company instills extra confidence by traders.
Although customers acclaim TD Markets, there is no indication of awards won on its homepage.
Conclusion
TD Markets is an offshore broker but does provide good services. It supports the popular MT4 platform, has only one account for all traders but is attractive to institutional traders too. The broker offers a variety of trading instruments at good pricing.
Disclaimer
TD Markets warns potential customers that Forex and CFDs trading always carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with TD Markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
TD Markets warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence TD Markets cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
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Frequently Asked Questions
How many instruments can I trade with TD Markets?
You can trade several different instruments with TD Markets, which include the following:
- Currencies
- Cryptocurrencies: Bitcoin
- CFD: Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
Which platforms are supported by TD Markets?
TD Markets provides the popular MetaTrader 4 trading platform.
Does TD Markets offer leverage?
Yes, TD Markets offers maximum leverage of up to 1: 500.
Is TD Markets regulated and by whom?
TD Markets, based in South Africa, is regulated the Financial Sector Conduct Authority (FSCA)
Is TD Markets a recommended forex trading broker for experts and beginners?
TD Markets offers a fair-trading environment for most types of traders.
What is the overall rating out of 10 for TD Markets?
6/10.
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