TDMarkets Review
4.0★ on Trustpilot
Spreads from 0.1 pips
Leverage up to 1:2000
100+ Instruments
📊 TD Markets at a Glance — Broker Profile & Stats
Company snapshot
Founded
2015 · operating 10+ years
Entity
TD Markets (Pty) Ltd · TDM Holdings LLC (SVG)
Regulation
FSCA FSP 49128 · CASP crypto · NBFIRA
HQ
Sandton, South Africa
Platforms
MT4 · MT5 · Social Trading
Trustpilot
4.0★ from 38 reviews
⚡ Key Features Breakdown
What stands out
Award-Winning
"Africa's Most Trusted Broker" 2023–2025 awards.
Fast Withdrawals
Super-fast deposits & withdrawals via local methods.
Negative Balance Protection
You can't lose more than your account balance.
Raw Spreads
Pro & Mini accounts offer raw-market pricing.
Social / Copy Trading
Follow and copy other TD Markets traders.
Local Payments
M-Pesa, PayFast, cards, bank & crypto deposits.
🔄 Top TD Markets Alternatives
Compare before you commit
Exness
Ultra-low spreads, instant withdrawals — Exness review.
Pepperstone
Razor accounts, FCA/ASIC — Pepperstone review.
Errante
CySEC-regulated multi-asset — Errante review.
IUX
Raw spreads from 0.0, high leverage — IUX review.
🧩 Account Types & Spreads
Choose your account
Gold
$50 min · avg 1.8 pips · zero commission · variable
Pro
$1,000 min · spreads from 0.1 pips · $8/lot · raw
Max
$5 min · 1.8 pips · zero commission · leverage to 1:2000
Cent / Crypto / Islamic
Cent $10 (raw) · Crypto BTC 0.03 · Islamic swap-free
💵 Trading Costs & Fees
What you'll pay
Spreads
From 0.1 pips (Pro) · ~1.8 pips avg (Gold)
Commission
$8 per lot on Pro; zero on Gold/Max
Swaps
Swap-free Islamic account available
Funding
Fast deposits/withdrawals; min from $5
Why it matters: Gold's zero-commission 1.8-pip spread suits casual traders; Pro's 0.1 pip + $8/lot is cheaper for high volume — compare total cost per lot.
🌍 Regulation & Restricted Countries
Safety & eligibility
Licenses
FSCA FSP 49128 · Crypto Asset Services Provider · NBFIRA (Botswana)
Counterparty
Offshore principal TDM Holdings LLC (St Vincent & the Grenadines)
Restricted
Not available to USA, Canada, Iran, Iraq, Syria, Libya; no crypto swaps for Nigeria
Risk Disclosure
Trading forex & CFDs on margin carries a high level of risk
🎥 Video Guides & Reviews
Know the Pros and Cons of TDMarkets
TDMarkets reviews often mention pros like multiple account types, MT4 support, competitive spreads, strong customer support, and educational resources. Cons include limited cryptocurrency options, regional restrictions, occasional withdrawal delays, and slightly higher spreads for smaller accounts. TDMarkets Pros and Cons give a clear picture of the broker’s strengths and weaknesses, helping traders make informed decisions.
Read Alternative Tools : Fp Markets Review | Startrader Review | Quantower Review | Axiory Review
What is the Pricing of TDMarkets?
TDMarkets offers multiple account types to suit different trading needs, with minimum deposits starting at $50 for beginners. Advanced accounts, like the Pro account, require $1,000 and provide tighter spreads from 0.1 pips with $8 per lot commission. Other account options include Gold, Mini, Crypto, Max, and Islamic accounts, each offering varying leverage, up to 1:500. TDMarkets does not charge deposit or withdrawal fees, though third-party payment providers may apply charges, ensuring flexible and transparent pricing for all traders.
TDMarkets vs Axiory
Comparing TDMarkets vs Axiory, both offer MT4 access and multiple account types. TDMarkets provides stronger educational resources, while Axiory is known for faster execution and lower spreads. TDMarkets vs Axiory reviews emphasize TDMarkets’ customer support and regulatory compliance, making it a solid choice for new and intermediate traders looking for a reliable platform.
Why Choose TDMarkets as your trading partner?
★ Trustpilot 4.0 · 38 reviews
Spreads from 0.1 pips · leverage to 1:2000
TD Markets
Africa's Most Trusted Broker · FSCA-regulated
★ 4.0 / 5 · 38 reviews
FX · Metals · Indices · Crypto
MIN DEPOSIT FROM $5 — start small
Try TD Markets →Frequently Asked Questions
TDMarkets is an FSCA-regulated broker (FSP 49128) operating since 2015. It offers MetaTrader 4 and MetaTrader 5, more than 100 instruments across FX, metals, indices, shares, crypto and ETFs, spreads from 0.1 pips on the Pro account, leverage up to 1:2000 on Max, deposits from $5, and negative balance protection.
Leverage runs up to 1:2000 on the Max account, which opens from a $5 minimum deposit. Other account types carry different ceilings, so check the terms of the account you actually open rather than assuming the headline figure. High leverage magnifies losses as much as gains; TDMarkets applies negative balance protection, which stops an account falling below zero.
The account line-up is Gold ($50 minimum, around 1.8 pips average, zero commission), Pro ($1,000 minimum, raw spreads from 0.1 pips with $8 per lot commission) and Max ($5 minimum, around 1.8 pips, zero commission, leverage to 1:2000), alongside Cent, Crypto and swap-free Islamic accounts. Base currencies include USD, ZAR and BTC.
Cost depends on the account. Pro charges $8 per lot with raw spreads from 0.1 pips; Gold and Max charge no commission but average around 1.8 pips. A swap-free Islamic account is available, and the minimum deposit starts at $5 on Max. The trading costs section on this page sets out spreads, commission, swaps and funding side by side.
Pros: FSCA regulation (FSP 49128) alongside an NBFIRA licence, both MT4 and MT5, over 100 instruments, deposits from $5, leverage to 1:2000 and negative balance protection. Cons: the offshore principal is TDM Holdings LLC in St Vincent and the Grenadines, so which entity holds your account matters; leverage at 1:2000 carries substantial risk; and the broker is not available in the USA, Canada, Iran, Iraq, Syria or Libya, with no crypto swaps for Nigeria.
TDMarkets alternatives include Axiory, IC Markets, FXTM, and XM. TDMarkets comparison with these alternatives helps traders choose a broker based on spreads, platform reliability, and educational tools.
TDMarkets holds an FSCA licence (FSP 49128) in South Africa, a Crypto Asset Services Provider registration and an NBFIRA licence in Botswana, and has operated since 2015. Its offshore principal is TDM Holdings LLC, registered in St Vincent and the Grenadines — a different regulatory regime from the FSCA entity. Check which entity your account is opened with, because that determines the protections that apply to you.
Yes — TDMarkets supports both MetaTrader 4 and MetaTrader 5. Either platform reaches the broker's 100-plus instruments across FX, metals, indices, shares, crypto and ETFs. The account you choose, not the platform, sets your cost: Pro is raw pricing from 0.1 pips at $8 per lot, while Gold and Max are commission-free at around 1.8 pips.
Both brokers are covered on this site, so compare them on the published figures rather than on general impressions. The TDMarkets terms documented here are raw spreads from 0.1 pips on Pro with $8 per lot commission, leverage to 1:2000 on Max, deposits from $5, MT4 and MT5, and FSCA plus NBFIRA licensing. Check Axiory's review page for the equivalent numbers before deciding.
The entry barrier is low: the Max account opens from $5 and the Cent account from $10, both commission-free, and negative balance protection stops an account falling below zero. That said, leverage of up to 1:2000 is very high by international standards and magnifies losses as much as gains, so a new trader should size positions conservatively regardless of the leverage on offer.