The TD Markets Minimum Deposit is $50/R715 ZAR. This is average when compared to other broker minimum deposit fees, making it accessible to beginner and smaller retail traders.
Choose your quick section of our TD Markets Minimum Deposit below.
TD Minimum Deposit – 5 key points quick overview:
- Minimum Deposit
- Deposit fees and deposit methods
- Step by step guide to depositing the minimum amount
- Pros and Cons
- Frequently Asked Questions
Here is our overview of the TD Markets Minimum deposit as well as the pros and cons as well as features that are offered to traders.
TD Markets has a minimum deposit requirement of only $ 50.
This minimum deposit amount was equivalent to 715 ZAR at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
TD Markets’ authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
Deposit fees and deposit methods
Compared to other brokers, the minimum deposit amount that TD Markets require when traders register a live account is low.
TD Markets offers traders several payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.
TD Markets accepts the following payment methods:
|💳 Bank Wire|
TD Markets does not levy additional fees, but third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours.
USD is accepted as a Deposit currency.
Traders must ensure that they verify whether their financial institution charges its own fees.
Step by step guide to depositing the minimum amount
Traders can fund their accounts by sending the funds to one of the TD Markets segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.
Step 1 – Navigate to the Accounts portal on the broker’s website
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.
Step 2 – Log in to your account
Log into your account or create a account.
Step 3 – Click on “Fund Account”
When you’ve accessed your account, click on the “fund account” option.
Step 4 – Select your preferred deposit method
Choose your preferred method to deposit the fund.
Step 5 – Specify the deposit amount
Type in the amount you would like to deposit
Step 6 – Confirm your deposit
Confirm your amount you’re depositing
Funds must be transferred in the same currency as the bank account to which they are sending it to, to prevent currency conversion fees being charged.
TD Markets at a glance
|Broker’s Name||TD Markets|
|📍 Headquartered||South Africa|
|📅 Year Founded||2015|
|⚖️ Regulating Authorities||FSCA|
|🌐 Countries not accepted for trade||France, Turkey, USA|
|☪️ Islamic account (swap-free)||No|
|👍 Demo Account||Yes|
|📊 Institutional Accounts||Yes|
|📊 Managed Accounts||No|
|📈 Maximum Leverage||1:500|
|💰 Minimum Deposit||$50|
|💳 Deposit Options||Multiple cryptocurrencies (BTC, ETH, USDT etc), VISA, Mastercard, Bank Wire|
|💳 Withdrawal Options||Multiple cryptocurrencies (BTC, ETH, USDT etc), VISA, Mastercard, Bank Wire|
|💻 Platform Types||MT4|
|📱 OS Compatibility||Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad|
|📈 Tradable assets offered||Over 50 forex currency pairs, binary options, stocks, gold, silver, oil, and bitcoin|
|👨💼 Languages supported on Website||English|
|👥 Customer Support Languages||Multiple incl. English|
|📆 Customer Service Hours||24/5|
Pros and Cons
|✔️ Pros||❌ Cons|
|Low initial deposit required||No choice of trading platforms|
|Low spreads||No e-wallets as payment methods|
|MT4 platform provided|
|24 Hour withdrawals|
The TD Markets Minimum Deposit is $50. This is average when compared to other broker minimum deposit fees, making it accessible to beginner and smaller retail traders.
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Frequently Asked Questions
What is the minimum deposit for TD Markets?
The minimum deposit for this broker is $50.
How do you make a deposit and withdrawal with TD Markets?
TD Markets offers the following deposit and withdrawal methods:
- Bank Wire
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
How long does it take to make a withdrawal?
The withdrawals on TD Markets take about 24 hours for credit or debit cards and with Wire transfers. Traders also have a choice to withdraw their profits in Bitcoin, which is much faster.
Featured SA Shares Writer and Forex Analyst.