TD Markets Review 2026

Top Brokers Overview — United States
How we tested TD Markets

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

Chief Analytics Officer

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.

TD Markets provides access to trading over 100 assets, including 63 Forex pairs, stock CFDs, indices, energies, precious metals, ETFs, and cryptocurrency CFDs, exclusively through MetaTrader 4. The broker is regulated by the Financial Sector Conduct Authority in South Africa and offers two live account types: Gold with a $50 minimum deposit and floating spreads from 1.8 pips, and Pro with a $1,000 minimum deposit, spreads from 0.1 pips, and an $8 fee per lot. There are no deposit or withdrawal fees, margin call and stop out levels are set at 100% and 50%, and there is negative balance protection for all clients.

A few disadvantages are a limited asset range compared to top competitors, lack of passive income solutions such as copy trading or managed accounts, just two base account currencies USD and ZAR, and trading is only available via MetaTrader 4. Customer support receives weak marks for responsiveness and coverage, users report slow platform performance, and the broker holds only Tier-2 regulation. TD Markets may be suitable for active traders with straightforward needs but is less ideal for those prioritizing platform choice, extensive product variety, or robust support.

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FOREX.com
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IG Markets
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TD Markets User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
2 /10
2 total
  • 5-star
    0%
  • 4-star
    0%
  • 3-star
    0%
  • 2-star
    0%
  • 1-star
    100%
karijw18
3 years ago

I’ve had many various issues during the time I worked with the TD Markets broker, which included delays in order execution, payments, and withdrawal processing was never on time. This broker does not have conditions for stable and profitable work. I am not satisfied.

lanceti16
3 years ago

I wouldn’t trade with TD Markets. I am not satisfied with our cooperation, which did not last long. The platform is very slow, the analytics is random, so I don’t have a good opinion about them, guys! !!

  • 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 criteria
    10 /10

    The 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 criteria
    6.8 /10

    TD 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
    FSCA SAFSCA 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
    Yes
    Verification (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 /10

    TD 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
    • Low minimum deposit
    • No Cent account
    • Micro lots are not available
    TD Markets account types vs top competitors
    TD Markets Plus500 OANDA
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    Yes
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    Yes
    Swap Free
    Yes
    No
    Yes
    VIP
    No
    No
    No
    Managed
    No
    No
    No

    TD 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.

  • 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 methodology
    4.7 /10

    TD 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 deposit fee
    • Low minimum withdrawal requirement
    • Minimum deposit below industry average
    • Bank wire transfers available
    • BTC payments not accepted
    • Only major base currencies available
    • No bank card option

    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
    Yes
    Yes
    Yes
    Bank card
    No
    Yes
    Yes
    PayPal
    No
    Yes
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    Yes

    What 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.

  • 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 criteria
    6.8 /10

    TD 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
    • Indices trading
    • 63 supported currency pairs
    • Bonds not available
    • Futures 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
    Yes
    Yes
    Yes
    Commodity futures
    Yes
    Yes
    Yes
    Crypto 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.
    Yes
    Yes
    Yes
    Stock indices
    Yes
    Yes
    Yes
    Options
    No
    Yes
    No

    Investment 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
    No
    No
    Yes
    ETFs
    Yes
    Yes
    No
    Copy trading
    Yes
    No
    Yes
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • 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 /10

    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. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fast registration time (up to 15 minutes)
    • Fully online account opening process
    • Low minimum deposit requirement
    • Account approval may require extra time depending on the documentation.
    TD Markets account opening
    TD Markets Plus500 OANDA
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $50 $100 $0
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration 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.
  • 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 criteria
    9 /10

    TD 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.

    Information

    Technical (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

Best TD Markets Alternatives

Plus500
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Plus500
7.7 /10
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EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
7.2 /10
Regulation Tier-1
EUR/USD 0.1 pips
Trading.com USA
Logo Trading.com USA
Trading.com USA
6.2 /10
Regulation Tier-1
EUR/USD 0.9 pips
FOREX.com
Logo FOREX.com
FOREX.com
7.1 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
7 /10
Regulation Tier-1
EUR/USD 0.6 pips

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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