TD Markets is a South Africa–based broker regulated by the FSCA, providing access to 200+ trading instruments, including Forex, cryptocurrencies, indices, and commodities. Traders can open accounts in USD, ZAR, or BTC with leverage up to 1:2000, using MT4, MT5, or the Cooma platform for copy trading.
Regulated by 🇿🇦 FSCA, TD Markets ensures a transparent and flexible trading experience with seven account types, spreads starting from zero, and fast order execution. Its local payment options, competitive trading conditions, and social trading features make it a strong choice for both beginners and experienced traders.
| Broker | TD Markets |
| Minimum Deposit | $ 5 |
| Base Currencies | USD, ZAR, BTC |
| Spreads | From 0.1 pips |
| Leverage | Up to 1:2000 (with <$1,000 equity) |
| Currency Pairs | 63 |
| Inactivity Fee | $50 after 12 months |
| Fees and Commissions | $0 to $8 per lot depending on account |
| Regulation | FSCA |
Minimum Deposit and Account Types
TD Markets offers seven live accounts designed for different trading volumes, deposit levels, and strategies. From raw spreads on Pro and Crypto accounts to swap-free Islamic options, traders can select accounts in USD, ZAR, or BTC. A fully functional demo account also mirrors real conditions for practice.
How to Open a TD Markets Account
Opening a TD Markets account is a quick process. Follow these concise steps to get set up confidently.
Step 1: Visit the Website
Go to the official TD Markets site and select “Open Live Account.”
Step 2: Register Your Details
Enter your full name, contact information, address, citizenship, and date of birth.
Step 3: Choose Account Setup
Select your account type and pick your preferred setup options.
Step 4: Accept Terms and Submit
Agree to the trading terms and submit your application.
Step 5: Confirm Your Email
Check your inbox for the confirmation message and temporary password.
Step 6: Log In to the Dashboard
Sign in with your email and temporary password, then complete the CAPTCHA.
Step 7: Start Sumsub Verification
You will be redirected to the third-party verification process handled by Sumsub.
Step 8: Select Country of Residence
Choose your country of residence.
Step 9: Complete Facial Scan
Finish a quick facial scan using your device’s camera.
Step 10: Upload Proof of Residence
Provide a bank statement, utility bill, government document, or tax letter issued within the last three months
Step 11: Verify Your Phone
Enter your mobile number and confirm it using the SMS code you receive.
Step 12: Upload Your ID
Submit a passport, national ID, or residence permit.
Step 13: Review and Correct
Check the summary of what has been verified.
Step 14: Finalize and Fund
Confirm completion, log back into your dashboard, and fund your account.
Step 15: Start Trading
Download MT4 or MT5, log in with your trading credentials, and place your first trade.
After these steps, your account will be verified and ready for funding, allowing you to trade confidently on demo or live funds.
Fees, Spreads, and Commissions
TD Markets’ trading and non-trading costs depend on the account you use, the markets you trade, and whether you use short- or long-term strategies.
TD Markets doesn’t charge you for account opening or deposits, but you’ll face spreads, commission fees, overnight swaps, and a few admin fees.
TD Markets Fee Overview
| Fee Type | Applies To | Details |
| Spreads | All account types and assets | From 0.0 pips on select accounts or pairs. Typical spreads range from 0.2 to 1.8 pips on majors. Raw pricing on Pro and Crypto. |
| Commissions | TDM Mini Cent Pro Crypto |
$0.10 per cent lot (Cent), $1 per mini lot (Mini), $8 per standard lot (Pro, Crypto). TDM Max, Gold, and Islamic are commission-free. |
| Swaps | Overnight positions | Charged daily at 00:00 server time. Triple swap on Wednesdays. Applies to all leveraged instruments. |
| Copy Trading Fees | Copy trading accounts | Performance-based fees may apply, set by the trader being copied. Fee structure isn’t published publicly. |
| Inactivity Fee | Dormant accounts | $50 annually after 12 months of no activity (if funds are available). Accounts with <$50 are closed. |
| Deposits | All clients | Free from TD Markets. Third-party processing fees (bank, card, or wallet) are the client’s responsibility. |
| Withdrawals | All clients | Free unless you haven’t placed any trades post-deposit (3% admin fee applies) or withdraw via a different method than you deposited with. |
Licenses, Regulators, and Fund Protection
TD Markets is fully licensed in South Africa and registered as a crypto asset service provider. The firm also holds regulatory approval for non-bank financial services through its regional footprint. The table below outlines the relevant licensing details and registration numbers.
| Regulatory Body | Country | License Type | Registration Number |
| FSCA | South Africa | Financial Services Provider |
FSP 49128 |
| FSCA | South Africa | Crypto Asset Service Provider |
FSP 49128 |
| NBFIRA | Botswana | Non-Bank Financial Services |
No Objection Letter |
Fund Protection
Client funds are held separately from company operating capital. This separation is a fundamental financial safeguard and ensures that deposited money stays isolated from business expenses or liabilities. Additional protection includes:
SSL encryption is used across the platform and client portal.
Negative balance protection applies to retail accounts.
The broker also complies with local data and ID verification requirements through full KYC screening at signup.
Diverse Trading Instruments
Analysts highlight that TD Markets offers traders broad market access across seven asset classes. From U.S.-listed shares and ETFs to global forex, cryptocurrencies, metals, indices, and energies, the platform enables flexible long or short positions with dynamic spreads, high leverage, and near-continuous trading opportunities.
Trading Platforms and Key Features
Experts note that TD Markets provides versatile trading platforms for all skill levels. With MetaTrader 4, MetaTrader 5, and Cooma Social Trading, users gain access to multiple asset classes, advanced indicators, automated trading, and copy trading functionality, delivering both flexibility and professional-grade infrastructure.
TD Markets’ Recent Awards
TD Markets has stacked up a strong list of wins across Africa over the past few years, most of them tied to platform upgrades, transparency, and community engagement.
Best Partner Program – Africa 2025
Best Educational Resources Broker – Africa 2025
Best Next Generation Trading Platform South Africa 2025
Best ECN/STP Broker Africa 2025
Deposits and Withdrawals
Industry reviewers highlight that TD Markets provides secure and transparent deposit and withdrawal processes. With local and international options like bank wires, instant EFTs, and payment gateways, clients can fund and withdraw directly through the portal. Verification and compliance checks ensure transactions remain safe and properly authorized.
Education and Resources
Market reviewers observe that TD Markets provides a strong mix of educational resources and analytical tools. With on-demand tutorials, live trading rooms, and expert podcasts, alongside market blogs and technical insights, traders gain both the knowledge and real-time context to improve trading confidence and execution.
Promotions and Partnerships
Industry observers note that TD Markets offers dynamic promotions and a robust partner program. With deposit-based bonuses, loyalty rewards, and referral competitions, traders and partners can earn extra incentives, while affiliates and IBs benefit from a tiered commission model, marketing support, and business development tools.
Customer Support
TD Markets handles client support through a local team based in South Africa. The service desk is available five days a week and covers basic questions, platform access issues, and account setup follow-ups.
You’ll also be able to reach someone directly for more involved requests, whether it’s related to trading, documents, or funding delays. Support is available through:
Live chat (browser-based, weekdays only).
Email support via [email protected].
Phone: +27 10 300 0011.
In-person location: Floor 12, Green Park Corner, 3 Lower Road, Sandton.
If you prefer to get a callback instead of phoning in, you can submit your contact details, and someone will reach out directly.
