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
Our TD Markets Account Types Revealed:
- ✔️TD Markets Overview
- ✔️TD Markets Account Types
- ✔️TD Markets Account Features
- TD Markets Demo Account
- TD Markets Islamic Account
- TD Markets Pros and Cons
- TD MARKETS AT A GLANCE
TD Markets Overview
Established in 2015, TD Markets is a broker that is based in Saint Vincent and the Grenadines. In addition to offering a wide range of tradable instruments, TD Markets also offers binary options trading.
TD Markets forms part of TDM Holdings, Inc. which is a registered offshore financial company with regulations and authorisation through the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. In addition, TD Markets (Pty) Ltd South Africa is regulated by the Financial Sector Conduct Authority (FSCA) as a Financial Services Provider (FSP).
TD Markets is a Direct Market Access (DMA) broker in addition to being a Market Maker, providing traders with a comprehensive liquid market in which they can trade financial instruments.
TD Markets is known for offering tight and competitive spreads and the advanced trading infrastructure that the broker has ensures that there is fast, reliable trade execution with a powerful no-dealing desk (NDD).
The funding options that traders can use with deposits and withdrawals are flexible, allowing traders to choose the right option suited to their unique needs.
TD Markets Account Types
TD Markets offers traders a choice between two sophisticated account types namely a TDM Gold and a TDM Professional Account. Each account has dynamic features and unique benefits, providing traders with competitive trading conditions when they trade different financial markets.
In addition to this, TD Markets also offers traders the option of registering a demo account that can be used to practice trading and to test different trading strategies.
TD Markets Account Features
TDM Gold Account
The TDM Gold Account is the basic entry-level account that TD Markets provides its traders. The specifications on this account are as follows:
- A low minimum deposit of $50
- Access to more than 100 financial instruments spread across forex, metals, CFDs, and cryptocurrencies
- Commission-free trading on all trades
- Spreads that start from 1.8 pips on forex majors
- Overnight swap fees that are charged per financial instrument, position size and whether traders hold a long or a short position
- Traders can use Expert Advisors (EAs), scalping, hedging, and several other trading styles
- The ability to trade micro-lots from 0.01
- A margin call of 100% and stop-out level of 50%
- Maximum leverage up to 1:500
- Access to managed accounts when using the TDM Gold Account
TDM Professional Account
- A minimum deposit of $1,000
- Access to more than 100 financial instruments spread across forex, metals, CFDs, and cryptocurrencies
- Fixed commissions from $8 per lot traded
- Spreads that start from 0.1 pips on forex majors
- Overnight swap fees that are charged per financial instrument, position size and whether traders hold a long or a short position
- Traders can use Expert Advisors (EAs), scalping, hedging, and several other trading styles
- The ability to trade micro-lots from 0.01
- A margin call of 100% and stop-out level of 50%
- Maximum leverage up to 1:500
- Access to managed accounts when using the TDM Gold Account
TD Markets Demo Account
TD Markets offers traders the option of registering a demo account. This demo account can be used by traders who are new to trading. This gives them a practice account where they can comfortably learn about trading.
The demo account features live trading conditions in real-time, allowing beginners to familiarise themselves with live trading without risking their funds. This helps traders get over their initial fear of trading and allows them to get used to the fast-paced conditions they may face, which is often a concern for many traders as it can be very intimidating.
The demo account provides traders with a decent amount of virtual funds that they can use when they trade different financial markets, without risking real capital. In addition to catering for beginners, the demo account is perfect for more experienced traders who want to test their trading strategies.
Because the demo account provides real-time market conditions, traders can easily gauge how their trading strategies perform in live markets, allowing them the opportunity to improve and modify their strategies before they use them.
TD Markets Islamic Account
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
TD Markets does not offer Muslim traders the option for an Islamic Account and overnight swap fees are charged on both the TDM Gold and Professional accounts. This means that Muslim traders who choose TD Markets must ensure that their positions are closed before the market sessions end, ensuring that they are not subject to earning/paying interest that is prohibited by Sharia law.
TD Markets Pros and Cons
TD MARKETS AT A GLANCE |
|
| Broker's Name | TD Markets |
| Headquartered | Kingstown, Saint Vincent, and Grenadines |
| Year Founded | 2015 |
| Regulating Authorities | FSA, FSCA |
| Countries not accepted for trade | Turkey, United States, France |
| Islamic Account (Swap Free) | No |
| Demo Account | Yes |
| Institutional Accounts | Yes |
| Managed Accounts | Yes |
| Maximum Leverage | 1:500 |
| Minimum Deposit | $50 |
| Deposit Options |
|
| Withdrawal Options |
|
| Platform Types | MetaTrader 4 |
| OS Compatibility | Android, Windows, iOS, Linux, macOS, iOS |
| Tradable Assets |
|
| Languages supported on Website | English |
| Customer Support Languages | English |
| Customer Service Hours | 24/5 |
You might also like: TD Markets Demo Account
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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
FAQ
TRADING ENVIRONMENT
How many instruments can I trade with TD Markets?
You can trade any of the following instruments:
- Forex
- Cryptocurrencies
- ETFs
- Shares
- Metals
- Indices
- Energies
Which platforms are supported by TD Markets?
TD Markets only supports the use of MetaTrader 4 across the following:
- Desktop PCs and laptops that run on Linux, macOS, and Windows
- Smartphones and tablets that use either iOS or Android
- Across all web browsers
Does TD Markets offer leverage?
Yes, TD Markets offers leverage up to 1:500 on forex majors.
What spreads can I expect with TD Markets?
You can expect spreads that start from 0.1 pips EUR/USD on the TDM Pro Account.
Does TD Markets charge commission?
Yes, TD Markets charges commissions from $8 per lot on the TDM Pro Account.
Are there additional charges on the Islamic account?
No, there are no additional charges on the Islamic Account because TD Markets does not offer the option of an Islamic Account.
Is TD Markets regulated and by whom?
Yes, TD Markets is regulated through its parent company TDM Holdings, Inc. with the FSA and TD Markets is also regulated by the FSCA in South Africa.
Is TD Markets a recommended forex trading broker for experts and beginners?
Yes, TD Markets is a broker that caters for both beginner and experienced traders.
What is the overall rating out of 10 for TD Markets?
6/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does TD Markets offer a demo account?
Yes, TD Markets offers traders the option for a demo account.
How long is the demo account valid?
The demo account can be used for an unlimited time.
Which live trading accounts does TD Markets offer?
TD Markets offers the following accounts:
- TDM Gold Account
- TDM Pro Account
Does TD Markets offer an Islamic Account?
No, TD Markets does not offer an Islamic Account.
What are the available deposit currencies for a live trading account?
- USD
- EUR
- GBP, and more
DEPOSITS AND WITHDRAWALS
What is the minimum deposit required to open an account with TD Markets?
$50.
How do you make a deposit and withdraw money with TD Markets?
You can use any of the following:
- Bank Wire Transfer
- Credit Cards
- Debit Cards
- Bitcoin (BTC)
- eHKonnect
- PayFast
Does TD Markets charge withdrawal fees?
Yes, withdrawal fees are applied to any withdrawals of less than $200. TD Markets pays the withdrawal fees on behalf of traders if withdrawals exceed $200.
How long does it take to make a withdrawal?
Withdrawals can take between a day and up to three working days if traders use bank wire transfers.
