TD Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-29 18:06

Abstract：Established in 2015, TD Markets is a forex and binary options broker that supports the MT4 platform. The company behind the brand, TDM Holdings Inc., is registered offshore in Saint Vincent and the Grenadines.

　　General Information & Regulation

　　Established in 2015, TD Markets is a forex and binary options broker that supports the MT4 platform. The company behind the brand, TDM Holdings Inc., is registered offshore in Saint Vincent and the Grenadines.

　　Markets Instruments

　　Tradable financial instruments available on the TD Markets platform include forex currency pairs, indices, metals, as well as stocks.

　　Minimum Deposit

　　Low minimum initial deposit is required by TD Markets, as low as $10. Although this may seem a good news, traders are not advised to register real trading account here given the fact that TD Markets is not regulated anyway.

　　Leverage

　　When it comes to trading leverage, the maximum leverage offered by TD Markets is up to 1:500. Unregulated brokers love to offer generous leverage to attract traders. Investing with an unregulated broker using such high leverage is not a good option.

　　Spreads & Commissions

　　Trading costs with this broker amount to around 1 pips per standard lot ($2 + 0.8 pips). thing is, TD Markets is registered offshore and even though its conditions seem good, the broker can always get away with your money and there is nothing you can do about it.

　　Trading Platform Available

　　Like most brokers, TD Markets supports the popular MetaTrader 4 (MT4) platform. MT4 earned its reputation as the most popular trading platform due to its ease of use and various useful functionalities that allow traders not only to make transactions but also analyze market dynamics, to automate their trades via wide range of Expert Advisors and to back-test their strategies.

　　Deposit& Withdrawal

　　TD Markets offers its clients 2 payment methods: bank wire transfer, credit/debit card, Bitcoin and AfriDollar, another cryptocurrency. Popular e-wallets such as Skrill and Neteller are not available with this broker. Withdrawals take up to 3 business days for processing and review purposes. Also, keep in mind that transfers below $200 will be charged.