Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
TD Markets Pros & Cons
- Intuitive interface, popular MT4 trading platform, and a minimum deposit of $50 comprise a low entry level for traders;
- Trader can form a balanced and diversified portfolio with over 100 assets from 8 groups;
- The broker has optimal margin-call and stop-out indicators. In addition, there is a negative balance protection function;
- Registration takes no more than 5 minutes, and the most popular deposit options for South Africa are available;
- The broker is controlled by FSCA, which is a guarantee of its reliability;
- TD Markets offers business partnerships by providing ready infrastructure with rapid integration;
- The training program is represented by video tutorials and webinars; also, the broker publishes news and analytical materials in its blog.
- TD Markets does not have options for passive income, such as partnership programs, copy trading, or investment solutions;
- The broker provides the most demanded assets, however, it does not have a huge number of financial instruments, as compared to its competitors;
- Although MetaTrader 4 is a popular platform, many traders prefer other solutions, but they are not available here.
TU Expert Verdict
TD Markets carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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TD Markets User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of TD Markets have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is TD Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria6.8 /10TD Markets has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 11 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.1 /10TD Markets offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Standard account with balanced trading conditions
- Demo account
- No VIP account option
- Micro lots are not available
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.7 /10TD Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10TD Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 63 Forex pairs.
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Trading Account Opening
We successfully registered an account with TD Markets in 12 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at TD Markets is $50.Score:We evaluated Trading Account Opening at TD Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at TD Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3.5 /10
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FAQs
What does TD Markets’ regulation and safety profile indicate for traders?
TD Markets has a safety score of 6.8/10, which corresponds to a Medium security level in this review. It is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, offers negative balance protection and requires KYC verification, but it is not classified as a Tier-1 regulated broker and there is no specific investor compensation fund mentioned.
How do TD Markets account types compare in terms of minimum deposits and trading conditions?
TD Markets offers a demo account and two main live accounts: Gold and Pro, along with a Swap Free option, but it does not provide Cent, Micro, VIP, or managed accounts. The Gold account has a $50 minimum deposit with spreads from 1.8 pips and no commission, while the Pro account requires a $1,000 minimum deposit, offers spreads from 0.1 pips with an $8 fee, and both accounts provide access to all asset types with maximum leverage up to 1:500.
What kind of reviews and feedback do users leave about TD Markets?
TD Markets has a user satisfaction score of 2/10 based on 2 reviews, with 100% of the ratings being 1-star and no higher-rated reviews reported. According to user reviews, the overall tone is mostly negative in this section, and no positive experiences are highlighted.
What deposit and withdrawal options and limits does TD Markets provide?
TD Markets supports a limited range of payment methods, including Bank Wire, Skrill, and Neteller, and does not accept BTC, bank cards, PayPal, Wise, or a wide range of base currencies beyond USD and ZAR. The minimum deposit is $50 and the minimum withdrawal is $100, with no stated deposit or withdrawal fees, although specific conditions may vary by account type and payment method.
What markets and instruments are available for trading at TD Markets and what do reviews say about the range?
TD Markets offers around 100 tradable assets, including 63 currency pairs, as well as stocks, commodity futures, cryptocurrencies, stock indices, ETFs, and copy trading, but does not provide bonds, options, PAMM investing, or managed accounts. The section notes that the overall asset selection is limited compared to the market average, although no specific user feedback or comments on this point are provided.
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