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TD Markets Review ☑️Unbiased Pros and Cons Revealed (2022)


TDMarkets - Review ZAR

 

TD Markets is fully regulated with the FSCA and operates as a pure STP brokerage with no-deal desk operations. They facilitate tailor made solutions to both retail and institutional traders

 

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

 

TD Markets is based in South Africa and is an Authorized Financial Services Provider with the Financial Sector Conduct Authority (FSCA).

 

Choose your quick section of our TD Markets review below.

A Quick Overview of our TD Markets Review

Who is TD Markets?

👉 TD Markets is based in Sandton, Johannesburg with operation catered towards numerous African markets and is regulated with the Financial Sector Conduct Authority (FSCA) under FSP number 49128.

 

👉 They provide the award winning Metatrader 4 platform and offer 24 hour withdrawals. They work with  both retail and institutional traders across the globe.

 

👉 They drive innovation by constantly adapting their product offering based on demands and new offerings in the financial markets.

 

👉 Having recently added a variety of single stock CFD instruments and ETF CFDs, TD Markets is now ranked among the broadest single stock instrument basket brokers in the world.

 

Awards and recognition

👉 In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. Such awards are usually mentioned with pride on the company website.

 

👉 Although TD Markets is rated highly by some customers in personal reviews on review websites, there is no information available on the TD Markets homepage or elsewhere about any awards received by them.

 

Safe or scam

👉 TD Markets drives its operations according to their core values, Transparency and Diversity. TD Markets offers attractive, pure STP trading conditions worldwide and operates in South Africa as TD Markets (Pty) Ltd where it is authorized as a Financial Services Provider with the Financial Sector Conduct Authority.

 

TD MARKETS 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
Low spreads
Multilingual support

 

TD MARKETS Leverage

👉 Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade.

 

👉 Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

 

 

👉 Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

 

👉 Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.

 

👉 For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.

 

👉 TD Markets offers a maximum leverage ratio of 1: 500.

 

 

TD Markets Accounts

👉 TD Markets offers unique trading solutions for unique traders.

 

Gold Account Pro Account
💰 Minimum deposit R775,42 R15508,30
💳 Commission
charges
No Yes
📊 Spreads 1.8 Pips 0.1 Pips
📈 Raw spread charges No Yes

 

 

TD Markets  instruments

👉 The most popular market instruments available from most brokers for trading include:

 

Forex

👉 Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

 

Commodities

👉 Commodity markets offer many investment opportunities for traders.

 

👉 Soft commodities have been traded for centuries and play a significant role in portfolio diversification and risk management.

 

👉 Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

 

Indices

👉 Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

 

Precious metals

👉 The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a significant role in the commodities market and are contract-based tradable goods.

 

Energy

👉 The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

 

Cryptocurrencies

👉 Bitcoin (BTC) is the digital currency with the largest market capitalization.

 

👉 Litecoin (LTC) is like Bitcoin but differs in terms of scalability.

 

👉 Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

👉 Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

👉 Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as an updated version of the blockchain with different rules.

👉 TD Markets offers the following of the above: more than 50 forex currency pairs, binary options, stocks, gold, silver, oil, and cryptocurrencies like bitcoin.

 

TD MARKETS Fees

➡️ Cost depends on varied factors, like spread and margins, and TD Markets clients may also experience different fee structures according to their country or place of residence.

➡️ The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

➡️ Margin is the amount of money required in your account to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

➡️ TD Markets offers charges commission fees of 2 USD per lot and spreads variable spreads starting from 0.8 pips, which is comparatively low.

➡️ In fact, trading costs with this broker amount to around 1 pip per standard lot ($2 + 0.8 pips), which is quite good overall pricing. No deposit fees are charged, and inactivity fees are not charged on dormant accounts.

 

Deposit and withdrawal

➡️ Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

➡️ In the case of TD Markets, the following are required: Only $50 is needed to open an account and accounts can be funded via several payment methods, including bank wire transfer, credit and debit cards, Bitcoin and AfriDollar (another cryptocurrency).

➡️ Withdrawals on TD Market are processed in 24 hours

 

TD Markets Trading platforms

➡️ The forex trading platform provided by TD Markets to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

➡️ A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

➡️ TD Markets provides the MetaTrader 4 (MT4) platform, which earned its reputation as the most popular trading platform due to its simplicity and various useful functionalities that allow traders to make transactions and analyse market dynamics, to automate their trades via a range of Expert Advisors and to back-test strategies.

 

 

How to open an TD MARKETS account

🔴Step 1 – Complete the Sign-Up form

➡️ Similarly, to a bank, to register a forex trading account with TD Markets for the first time, you will be required to go through a basic “know your customer” process, which will allow TD Markets to ascertain that your submitted details and ensure the safety of your funds and account details.

➡️ With TD Markets the process can be completed by visiting the company website and following the necessary prompts.

 

 

🔴Step 2 – Verify your account, you will receive an email

Click on the email you will receive and verify your account

 

🔴Step 3 – Make a deposit and start trading.

Access your account and click on the make a deposit option, then choose how you want to deposit and start trading

 

Customer support

➡️ Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

➡️ In the case of TD Markets customers can reach the support team 24/5 by means of a live chat option, emails, a web contact form, or a contact phone number.

 

Education

➡️ Before starting to trade, potential clients of TD Markets should avail themselves of all information and trading skills needed to be successful in the world of forex and commodity trading.

➡️ The TD Markets training and education sessions cover a wide range of topics pertaining to the financial markets such as how to execute trades, technical analysis, fundamental event impacts and market dynamics.

➡️ TD Markets offers clients the opportunities to improve their knowledge to facilitate their understanding of better execution of strategic trades.

 

Research

➡️ To be able to trade with confidence, traders should do as much research as possible about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they do not lose money unnecessarily and trade as profitable as possible.

➡️ With TD Markets they have access to economic news releases that may influence the markets. With market volatility at its highest, most traders depend on an economic calendar to keep up with daily developments and market movement.

 

Awards

➡️ Being an awarded company instills extra confidence by traders.

 

➡️ Although customers acclaim TD Markets, there is no indication of awards won on its homepage.

 

Conclusion  

👉 TD Markets is an offshore broker but does provide good services. It supports the popular MT4 platform, has only one account for all traders but is attractive to institutional traders too. The broker offers a variety of trading instruments at good pricing.

 

Disclaimer

👉 TD Markets warns potential customers that Forex and CFDs trading always carries a substantial risk and may not be suitable for all investors.

 

👉 Before deciding to trade with TD Markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

 

👉 TD Markets warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence TD Markets cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

 

 

You might also like: TD Markets Account Types Overview

You might also like: TD Markets Demo Account – Step by Step

You might also like: TD Markets Fees and Spreads

You might also like: TD Markets Minimum Deposit

You might also like: TD Markets Sign up Bonus

 

 

Frequently Asked Questions

 

Trading environment

 

How many instruments can I trade with TD Markets?

You can trade several different instruments with TD Markets, which include the following:

  • Currencies
  • Cryptocurrencies: Bitcoin
  • CFD: Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

 

Which platforms are supported by TD Markets?

TD Markets provides the popular MetaTrader 4 trading platform.

 

Does TD Markets offer leverage?

Yes, TD Markets offers maximum leverage of up to 1: 500.

 

What spreads can I expect with TD Markets?

TD Markets offers spreads from 0.8 pips.

 

Does TD Markets charge commission?

Commission of 2 USD per lot is charged. More information on commissions may become available after opening an account or can be obtained from the customer support service.

 

Are there additional charges on the Islamic account?

TD Markets does not offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.

 

Is TD Markets regulated and by whom?

TD Markets, based in South Africa, is regulated the Financial Sector Conduct Authority (FSCA)

 

Is TD Markets a recommended forex trading broker for experts and beginners?

TD Markets offers a fair-trading environment for most types of traders.

 

What is the overall rating out of 10 for TD Markets?

6/10.

 

Accounts

 

What is the difference between a demo and live trading account?

A demo account as is offered by broker companies like TD Markets is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account which needs to be funded with the customers own real money.

 

Does TD Markets offer a demo account?

Yes.

 

How long is the demo account valid?

The demo account can be used unlimited.

 

Which live trading accounts does TD Markets offer?

Only the Smart Account.

 

Does Core Spreads offer an Islamic Account?

No.

 

What are the available deposit currencies for a live trading account?

USD.

 

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?

TD Markets offers the following deposit and withdrawal methods: Multiple cryptocurrencies (BTC, ETH, USDT etc), VISA, Mastercard, Bank Wire

 

How long does it take to make a withdrawal?

Withdrawals take about 24 hours for Credit/Debit cards and Wire transfer. Traders can also withdraw profits in Bitcoin, which is faster.





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