TD Markets is a South African-based forex and CFDs broker, providing access to forex, metals, energies, indices, shares and cryptocurrencies on the MetaTrader 4 trading platform. TD Markets delivers competitive pricing and fast order execution and is a No Dealing Desk (NDD) broker. TD Markets is licensed and regulated by the FSCA in South Africa and is a legal entity of TDM Holdings LLC, based in St Vincent and the Grenadines.
Quick Overview of our TD Markets Review
- ✔️Is TD Markets regulated
- ✔️What type of broker is TD Markets
- ✔️Is TD Markets a good broker?
- What products does TD Markets offer
- How to trade forex with TD Markets
- What trading accounts does TD Markets offer
- Deposits and withdrawals
- TD Markets commission and spreads
- What awards has TD Markets received
Is TD Markets regulated?
Yes, TD Markets is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa (FSP49128). TD Markets in South Africa is authorised to provide technical support and financial products and services offered by TDM Holdings LLC, based in St Vincent and the Grenadines.
FSCA: Financial Sector Conduct Authority, South Africa
The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision in South Africa. The FSCA aims to enhance and support financial markets’ efficiency and integrity and protect financial customers by promoting their fair treatment by financial institutions.
Is TD Markets regulated in South Africa?
Yes, TD Markets is regulated in South Africa by the Financial Sector Conduct Authority (FSCA).
Is TD Markets legit?
Yes, TD Markets is a legitimate forex and CFDs broker and electronic trading platform. The forex broker was established in 2015 and is a legal entity of TDM Holdings LLC, based in St Vincent and the Grenadines.
TD Markets is a No Dealer Desk broker and can offer the best market rates by providing clients with direct access to liquidity providers. TD Markets is regulated by the leading authority in South Africa and is a safe and reliable broker for forex traders in Africa.
What type of broker is TD Markets?
TD Markets is a Non-Dealing Desk (NDD) broker. This type of broker sends traders’ orders directly to liquidity providers to be processed and fulfilled. Liquidity providers are mostly major banks. NDD brokers make money on the spreads.
Is TD Markets a good broker?
In terms of security, state-of-the-art trading platforms, and research and education, TD Markets offers a secure but basic trading environment for forex and CFDs traders in Africa.
TD Markets security
TD Markets is regulatory compliant and regarded as safe to use by forex traders in Africa. TD Markets follows strict regulatory guidelines for trader and investor protection and has implemented industry protocol to secure their clients’ money and information.
TD Markets is licensed and regulated by the leading authority in South Africa.
TD Markets keeps client funds in a separate account which a leading bank holds. The forex broker cannot access clients’ funds to pay for company expenses or liabilities. The funds are held in ring-fenced accounts separate from TD Markets’ financial accounts.
SSL-protected personal area
TD Markets uses highly secure technology to protect its clients’ data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, making browsing safe and data inaccessible to any third parties.
Negative Balance Protection
TD Markets provides Negative Balance Protection for its clients. TD Markets will automatically top up the balance to 0, and clients don’t pay anything if market volatility prevents them from keeping a positive balance on their trading account.
TD Markets provides additional protection on your funds so you can continue trading if the broker experiences any problems.
TD Markets requires two-step authentication to enhance your trading platform’s security and protect your deposits and personal information from hackers using SMS and backup codes. TD Markets uses 3D secure technology when processing credit and debit cards. This technology makes all Visa transactions transparent and safe.
Know Your Customer (KYC) checks
TD Markets is required by anti-money laundering law to collect and verify certain personal information and execute Know Your Customer (KYC) checks.
TD Markets trading platforms
TD Markets is a MetaTrader broker and offers the MetaTrader 4 (MT4) trading platform to access multiple financial assets.
MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading, but the company hit the jackpot with MT4. MT4 is the most popular and widely-used electronic trading platform for retail foreign exchange (forex) speculative traders.
TD Markets research and education
TD Markets provides limited market analysis and no educational resources.
What products does TD Markets offer?
TD Markets is a multi-asset forex and CFDs broker. Clients use the MT4 trading platform to trade currency pairs and CFDs on metals, energies, indices, shares and cryptocurrencies.
|Forex||Over 60 currency pairs|
|Metals||CFDs on precious metals inc. platinum, gold, silver|
|Energies||CFDs on Spot Energies inc. brent oil, WTI and natural gas|
|Indices||CFDs on major indices inc. US100, SPX500, AUS200|
|Shares||CFDs on global stock inc. Apple, Amazon, Facebook|
|ETFs||CFDs on 19 trading assets inc. FXI.te, GLD.te, IWM.te|
|Cryptocurrencies||CFDs on 11 trading assets inc. Bitcoin, Ethereum, Litecoin|
Does TD Markets have Nasdaq?
Yes, TD Markets offers NASDAQ-100 (US100). US100 is traded as a CFD on the MT4, MT5 and cTrader platforms. The US100 assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world.
How to trade forex with TD Markets
Traders and investors cannot directly access the global forex market. They must trade through a trading platform hosted by a regulated forex and CFDs broker.
To start trading the financial markets with TD Markets, you must register with the broker and follow the easy steps to verify your identity and set up a trading account. Deposit funds into your trading account and start trading when your account has been approved.
How to open a TD Markets trading account
- Open the official website for TD Markets
- Register as a Client
- Provide personal information to verify your identity
- TD Markets emails your trading account login details and password when your application form has been approved
- Deposit funds and start trading when your account has been verified and opened
What trading accounts does TD Markets offer?
TD Markets offers two live trading accounts: TDM Gold and TDM Pro.
TDM Gold account
|Spreads||Variable spreads starting at 1.8 pips|
|Overnight swap fees||Yes|
|EAs, scalping, hedging||Yes|
TDM Pro account
|Spreads||Variable raw market spreads from 0.1 pips|
|Commission||Fixed at $8 per lot|
|Minimum deposit||$1 000|
|Overnight swap fees||Yes|
|EAs, scalping, hedging||Yes|
Does TD Markets offer a free demo account?
Yes, TD Markets offers a free demo account on the MetaTrader 4 trading platform.
Clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. You can trade forex in real-time under actual market conditions but with zero risks of losing real money. Once beginner traders learn how to trade on a free demo account, they are ready to open a live trading account.
Deposits and withdrawals
You can deposit funds into your TD Markets’ trading account by bank transfer or credit/debit cards. Funds can only be withdrawn by bank transfer.
How to deposit money into a TD Markets trading account
- Log in to your secure Client Area
- Select the trading account you want to fund
- Choose the payment system you would like to use
- Enter the amount you want to deposit
- Click Continue
- Fill in other information if required and click Confirm
Does TD Markets charge a deposit and withdrawal fee?
No, TD Markets does not charge a fee for deposits and withdrawals. You may incur fees levied by your payment service provider.
TD Markets charges a 3% deposit and withdrawal commission if there is no trading activity and a $50 commission if there is no trading activity during the year.
How to withdraw money from a TD Markets account
- Log in to your secure Client Area
- Choose the account you want to withdraw funds from
- Click Request Withdrawal
- Enter the amount you would like to withdraw
- Fill in other information if required
- Click Request
- Check the withdrawal amount is correct
- Click Confirm to send your request to the financial department to be processed
How many days do TD Markets withdrawals take?
TD Markets processes withdrawal requests in 1 to 3 business days.
What does TD Markets charge to withdrawal funds?
TD Markets commission and spreads
TD Markets commission and spreads depend on the type of account you choose.
|TDM Gold||Variable spreads at 1.8 pips||Zero commission, markup on spreads
Overnight swap fees
|TDM PRO||Variable raw market spreads from 0.1 pips||Commission fixed at $8 per lot
Overnight swap fees
What awards has TD Markets received?
None to date.
FAQs: TD Markets
Does TD Markets have a Welcome Bonus?
No, TD Markets does not currently advertise a Welcome Bonus?
Can I start trading with no money in my live TD Markets account?
No, TD Markets requires an initial deposit to open a live trading account. You can only trade with no minimum deposit on a TD Markets demo account.
What leverage does TD Markets offer?
TD Markets offers maximum leverage up to 500:1 on the TDM Gold and TDM Pro accounts.
Does TD Markets have a mobile app for forex trading?
Yes, TD Markets offers mobile trading solutions for Android and iOS users.
Does TD Markets publish an Economic Calendar?
Yes, TD Markets publishes an Economic Calendar.
Where is TD Markets based?
TD Markets is based in Johannesburg, South Africa.
Who is the CEO of TD Markets?
Does TD Markets offer online support?
Yes, TD Markets offers online Customer Support, available 24/7 (Monday to Sunday) via Live Chat on their website. You can also contact TD Markets Customer Services via email or telephone.
Who can I contact at TD Markets for help?
TD Markets provides dedicated 27/5 Customer Service supported by Live Chat, email or telephone.
Live Chat TD Markets
24/5 support 010 3000 001
Email [email protected]
FOREX TRADING AFRICA DISCLAIMER
Forex and CFDs are complex instruments, and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.
Forex Trading Africa annually reviews brokers and financial instruments and provides information to help traders and investors make better decisions when trading on global markets. The information is published to help improve your knowledge and understanding of international multi-asset trading and market participants.