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.
TD Markets is regulated by FSCA (Financial Sector Conduct Authority) and is headquartered in Sandton, South Africa. The broker offers a demo account and two live accounts. It also provides access to the markets of currencies, cryptocurrencies, stocks, indices, energies, precious metals, ETFs (exchange-traded funds), and CFDs (Contracts for Difference). The minimum deposit is $50 and the maximum leverage is 1:500. Margin calls and stop outs for all accounts are 100% and 50%, respectively. TD Markets does not impose trading restrictions on its clients. Thus, you can hedge, scalp, and use advisors and bots. The lowest spread for currency pairs starts from 0.1 pips and it is floating. There are no trading fees on Gold accounts, and a fee of $8 is charged on Pro accounts. Trading is carried out only through the MetaTrader 4 (MT4) platform. The broker offers a number of free instruments like the economic calendar. Also, there is a training system with daily webinars.
TU Expert Verdict
TD Markets is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TD Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TD Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TD Markets Standard spreads TD Markets OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 1.1 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.8 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TD Markets RAW/ECN spreads TD Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TD Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TD Markets Non-Trading Fees TD Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
TD Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 TD Markets Security Factors Foundation date 2015 Negative balance protection YesVerification (KYC) Yes -
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.
- Standard account with balanced trading conditions
- Tight spread ECN account
- Demo account
- No Cent account
- Micro lots are not available
TD Markets account types vs top competitors TD Markets Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP NoNoNoManaged NoNoNoTD Markets accounts trading conditions
The first thing to decide is a suitable account type. TD Markets offers one demo account and two live accounts, so it's quite simple. A demo account does not require a deposit, it uses current quotes, so traders work with virtual currency. To get a live account, you need to make an appropriate deposit. Transactions on live accounts are displayed on the interbank market and make a profit if successful. The Gold account is designed for novice traders. It offers extremely low minimum deposits, high leverage, and access to all asset types. The Pro account, as its name suggests, is suitable for advanced players. Its minimum deposit is much higher, the leverage is lower, but the conditions are more flexible.
Account types:
Account Type Description Gold Minimum deposit is $50, maximum leverage is 1:500, spread is from 1.8 pips, no fee, and all assets are available; Pro Minimum deposit is $1,000, maximum leverage is 1:500, spreads are from 0.1 pips, fee is $8, and all assets are available including premium instruments. On a demo account, clients can trade any asset with maximum leverage.
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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.
TD Markets offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- No deposit fee
- Only major base currencies available
- BTC not available as a base account currency
- PayPal not supported
What are TD Markets deposit and withdrawal options?
TD Markets offers a limited selection of deposit and withdrawal methods, including Bank Wire, Skrill, Neteller. This limitation may restrict flexibility for users, making TD Markets less competitive for those seeking diverse payment options.
TD Markets Deposit and Withdrawal Methods vs Competitors TD Markets Plus500 OANDA Bank Wire YesYesYesBank card NoYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are TD Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. TD Markets supports the following base account currencies: USD, ZAR.
What are TD Markets's minimum deposit and withdrawal amounts?
The minimum deposit on TD Markets is $50, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TD Markets’s support team.
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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.
- Copy trading platform
- 63 supported currency pairs
- Indices trading
- Futures not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by TD Markets with its competitors, making it easier for you to find the perfect fit.
TD Markets Plus500 OANDA Currency pairs 63 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 100 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products TD Markets offers for beginner traders and investors who prefer not to engage in active trading.
TD Markets Plus500 OANDA Bonds NoNoYesETFs YesYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
TD Markets account opening TD Markets Plus500 OANDA Online Registration YesYesYesMinimum deposit $50 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 12 10 KYC time (days) 2 3 3 Is TD Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading with the broker, register on its website, open an account, and make a deposit. Also, verify your user account, that is confirm your personal information. Traders Union has compiled the below guide on how to open an account with TD Markets.
Go to the broker's website. In the main block there are the "Open Demo Account" and "Open Live Account" buttons. Click either of them. In TU’s example a live account will be registered.
Select the type of registration. You can register as a client or partner (this is a business option). Next, specify the type of account. You can choose Gold or Pro accounts (note that you need a Pro Crypto account to trade cryptocurrency). Then enter the account category, for individuals it can only be the "Trading" category. Select your title, indicate your first and last names, gender, and date of birth. Next, enter your email, registration address, and generate a password. Click the “Next” button.
Indicate your citizenship and your country of residence. Enter data from your ID in the corresponding field. Indicate your status and required financial information. Click the “Next” button.
Indicate your experience in trading certain financial instruments and agree to the terms of service by ticking the appropriate checkboxes. Click the “Next” button.
The system will notify you when the review of your registration is complete. Click the “Login” button. Use your email as your login. Enter the password you provided during registration. Click the "Login" button again.
You now have access to your user account, but you cannot open a live account yet. To do this, verification is required, that is, confirmation of your personal information. Go to the "Documents" section. Upload photos/scans of required documents.
You can find out which documents are needed for verification by hovering over the section name; a hint will appear in a pop-up message. Verification of documents takes several days, and after its completion, you will be able to open a trading account.
Functions of TD Markets’ user account:
- Dashboard. It displays up-to-date information about all accounts and trades of a client;
- My accounts. Contains a list of accounts with their type, platform, floating PnL (Profit and Loss), and other parameters is provided;
- Transactions. In this section, a trader can deposit or withdraw funds from the platform by selecting a convenient channel;
- Documents. Here the documents used for verification (confirmation of personal information) are uploaded;
- Profile. This section contains the registration data of users, as well as the newsletters they receive.
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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 criteria9 /10TD Markets demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, TD Markets shows reliable service and active engagement with clients.
InformationTechnical (or client) support is needed for traders to address a competent specialist in a situation that they cannot handle on their own. It doesn’t matter how intuitive the interface and detailed FAQs of the website are, traders still need assistance from managers from time to time. In the case of TD Markets, they can contact the call center, use email or live chat, or leave tickets on the website. The broker’s tech support is available 24/7.
- Technical support will answer your questions, even if you are not registered with the broker
- Managers are online 24/7
- Experts assess the high speed and quality of technical support
- Technical support is not available in most major languages
- Reply speed of managers can be lower during rush hours
If you have questions or need assistance, use one of the following communication channels:
- call center;
- email;
- live chat on the website and in the user account;
- contact form.
The broker has its official profiles on Instagram, Twitter, Facebook, and LinkedIn. It is recommended to subscribe to the broker and not miss news and important newsletters.
Contacts Foundation date 2015 Registration address Floor 12 Green Park Corner, 3 Lower Rd, Sandton, 219 Official site https://www.tdmarkets.com/ Contacts care@tdmarkets.com 010 3000 001
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FAQs
How are TD Markets trading commissions, spreads, and non-trading fees structured?
According to the review, TD Markets is assessed as having low overall fees, with a fees score of 10/10 and no deposit, withdrawal, or inactivity fees. On Standard accounts, trading costs are included in floating spreads (for example, EUR/USD typically ranges from 0.5 to 1.1 pips), while RAW/ECN accounts use tight market-based spreads plus a $2 per lot commission.
What trading account types does TD Markets offer and how do their conditions differ?
TD Markets provides a demo account and two main live accounts, Gold and Pro, along with a Swap Free option, but it does not offer Cent or Micro accounts. The Gold account has a $50 minimum deposit, up to 1:500 leverage, spreads from 1.8 pips and no fee, while the Pro account requires a $1,000 minimum deposit, offers up to 1:500 leverage, spreads from 0.1 pips, and charges an $8 fee, with all assets including premium instruments available on both.
What do user reviews and feedback say about TD Markets?
Based on available user reviews, TD Markets has a user satisfaction score of 2/10 from 2 reviews, all of which are 1-star ratings. This indicates that the limited feedback collected in the review is mostly negative, although no detailed reasons for the low ratings are provided.
What deposit and withdrawal options, fees, and limits are mentioned in TD Markets reviews?
The review states that TD Markets supports Bank Wire, Skrill, and Neteller for deposits and withdrawals, with no withdrawal fees and a minimum deposit of $50 and minimum withdrawal of $100. However, it notes limited payment flexibility, only USD and ZAR as base currencies, and the absence of bank card funding, which may affect convenience and potential costs for some users.
How do users describe the TD Markets account opening process in their comments?
The review describes TD Markets’ account opening as fully online, with registration taking about 12 minutes and KYC verification around 2 business days, and a minimum deposit of $50. It outlines a multi-step process including personal data entry, financial information, trading experience, and document upload, and notes that account approval can take additional time depending on the documentation.
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