TD Markets Broker Review For Nigeria In 2024

TD Markets Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	FSCA
💰 Minimum Deposit	$50
💳 Deposit Options	VISA, MasterCard, Payfast Instant Deposit, EFT, Bitcoin, Ethereum, and Tether.
💳 Withdrawal Options	VISA, MasterCard, Payfast Instant Deposit, EFT, Bitcoin, Ethereum, and Tether.
📌Open an account	Start Trading with TD Markets

Our Opinion About TD Markets

TD Markets was first launched in 2015. They have a growing international client base and offer their services to forex traders in Nigeria. As a regulated forex broker, they also have a great reputation for being a trustworthy company and for offering a secure trading environment.

TD Markets offers excellent online trading conditions. They let you trade over 200+ trading instruments including forex, metals, energies, shares, indices, and commodities. They also have great trading accounts. You can choose from 3 account types – Gold, Pro, and Mini – all of which come with tight spreads, low commissions, and fast trade execution. You can also use these accounts to trade on one of the world’s best best platforms – MetaTrader4.

When it comes to trading support, TD Markets offers a great selection of tools including expert advisors, chart indicators, market analysis, and VPS services. They also offer free learning resources such as articles, video tutorials, and educational webinars. And on top of all that, TD Markets also provides great customer service and trading support.

TD Markets Regulation and Safety

TD Markets has a licence from the FSCA in South Africa. The FSCA is a reputable regulator that closely monitors its brokers. As such, you can expect excellent client fund protection and stringent security measures from them.

Regulation In Nigeria

Traders in Nigeria can open an account under the FSCA entity. The regulatory bodies were created to protect investors from fraud and unfair practices. They also make sure that brokers only offer safe financial products. TD Markets has been in business since 2021, and so far, has a good reputation in the forex industry. They are starting to build a solid track record for good customer service and quality products. As such, TD Markets traders in Nigeria seem to benefit from the level of regulatory oversight provided by the FSCA.

Client Fund Safety

TD Markets has segregated accounts. This means that your money is held separately from their company funds, in top-tier banks, and that your money is safe even if TD Markets goes bankrupt. This is important because it means TD Markets cannot use your money to pay off any debts or liabilities. The company also has other important security measures in place, such as SSL encryption and two-step authentication processes.

TD Markets: Legit or Scam?

TD Markets is a legitimate forex broker. They have been offering online trading services for a few years now and have started to build a solid client base in Africa. They are regulated by one of the strictest financial authorities in the world and operate in line with all the required regulations. In terms of their trading services, they have a nice choice of account types and trading conditions, and offer low minimum deposits. They also have a good range of payment methods and a high level of client fund protection. In our opinion, they are a reliable and trustworthy forex broker.

TD Markets Trading Assets

TD Markets offers a wide range of trading instruments including forex, cryptocurrencies, energies, metals, equities, indices, and ETFs.

Trading Instruments

• Forex: They have 60+ currency pairs including major, minor, and exotic instruments.
• Crypto: They have 11 cryptos including Bitcoin, Ethereum, Ripple, and Litecoin.
• Energies: They have trading on natural gas, WTI crude oil, and Brent crude oil.
• Metals: They have 4 metals including gold, silver, platinum, and palladium.
• Equities: They offer 110+ instruments including US, UK and EU shares.
• Indices: They offer 12 instruments across US, UK, EU, and Asian markets.
• ETFs: They offer trading on 19 ETFs covering UK, EU, US, and Asian markets.

TD Markets Account Types

TD Markets has three main account types. These are the TDM Gold, the TDM Pro, and the TDM Mini. They also offer Islamic swap-free account types.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
TDM Gold	From 1.8 pips	$50	1:500	$0
TDM Pro	From 0.1 pips	$1,000	1:500	$8 per lot
TDM Mini	From 1.8 pips	$50	1:500	$0

TDM Gold Account

This is their best option for new forex traders in Nigeria. Their Gold account gives you access to 100+ trading instruments. It comes with an average spread of 1.8 pips and there are no commissions. It also comes with high leverage of up to 1:500. The TD Markets minimum deposit for this account is $50 and the base currency is USD.

TDM Pro Account

This is a great choice for more experienced traders in Nigeria. Their Gold account gives you access to 100+ trading instruments. It comes with an average spread of 0.1 pips and commissions from $8.00 per lot. It also comes with high leverage of up to 1:500. The TD Markets minimum deposit for this account is $1000 and the base currency is USD.

TDM Mini Account

This is a great choice for less experienced traders in Nigeria. Their Mini account still gives you access to 100+ trading instruments. However, you can make much smaller trades, which is perfect when you’re just starting out. It comes with an average spread of 1.8 pips and zero commissions on all trades. It also comes with high leverage of up to 1:500. The TD Markets minimum deposit for this account is $50 and the base currency is USD.

Demo Accounts

TD Markets does offer free demo trading accounts. The demo account is a test account that allows you to practise trading with virtual money (rather than real money). The TD Markets demo account comes with great trading conditions and closely mimics a live trading environment.

PAMM Accounts

TD Markets does offer a PAMM service. PAMM accounts allow Nigerian traders to invest in proven strategies executed by expert traders and take a share of the profit. This service can be very helpful for new traders, as it means they can benefit from a fully-managed investment portfolio and live investment updates.

Islamic Accounts

All of the TD Markets accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account.

TD Markets Spreads

TD Markets has tight spreads. You can trade with spreads starting from 0.0 pips on the TDM Pro Account, although there is a small commission charge. You can also trade with spreads starting from 1.8 pips on the TDM Gold Account and the TDM Mini Account.

TD Markets Commissions

TD Markets has low commission fees. You can trade with zero commissions on the TDM Gold Account and the TDM Mini Account, although the fees are included in the spreads. You can trade with commissions from $8 per lot on the TDM Pro Account.

TD Markets Registration – How To Open An Account

As part of our TD Markets broker review, we looked at their online registration process.. If you live in Nigeria, then you can open a trading account under the FSCA business entity. The TD Markets account registration process is very easy. To start, visit their website, fill in the online form, and add a few personal details. At this stage of the process, you can also give them your chosen login details.

Next, they might ask you to take a quick online test. This is so that they can see how much you know about forex trading, and decide if their services are right for you. At this stage of the process, you simply answer a few short questions. Lastly, they might ask you to complete the KYC process, submit copies of your documents, and select your account type. This is so that they can confirm your identity and verify your account.

TD Markets Registration – How To Verify An Account

As part of our TD Markets broker review, we looked at their account verification process. To open a live trading account you’ll need to show TD Markets a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The TD Markets account verification process is easy. You can send copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add your funds and start trading.

TD Markets Bonuses

TD Markets is not offering any forex bonuses at the moment. This includes no deposit bonuses, welcomes bonuses, deposit bonuses, competitions, and other special marketing promotions. However, it is worth checking the site every few months for updates, as they occasionally offer new bonuses.

TD Markets Payments Options

As part of our TD Markets review, we looked at what payment options are available. As the TD Markets minimum deposit amount is so low, opening an account is fairly easy. They also offer a wide range of convenient payment methods, including popular e-wallets.

Deposits & Withdrawals

TD Markets offers a good range of payment options. You can make deposits using a debit card, credit card or bank transfer. You can also deposit using Payfast Instant Deposit, EFT, Bitcoin, Ethereum, and Tether. There may be some low deposit and withdrawal fees, depending on which payment method you choose. Their transaction processing times are standard, in line with industry averages, and you can contact their customer service team for help, if needed.

TD Markets Trading Platforms

You can trade using MetaTrader 4 – one of the best online trading platforms on the market. The trading conditions available on the platform vary slightly depending on which account type you choose.

MetaTrader4 (MT4) is the world’s best trading platform for new forex traders. It has a very user-friendly interface and comes with many easy-to-use trading tools. You can use it to trade all of the most popular markets including forex, stocks, and indices. The TD Markets MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to do market analysis and implement trading strategies.

Trading Tools

TD Markets offers free chart indicators and EAs. It also has a free economic calendar, helpful market analysis, and daily market news.

• EAs & Chart Indicators – These tools will help your trade more effectively. An expert advisor is an automated system that monitors the financial markets and provides signals upon identifying trading opportunities. A chart indicator is a statistical tool that evaluates the direction of the price action of a trading instrument.

• Economic Calendars – Their economic calendar covers all of the most important economic data releases from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes tracking news and predicting price movements much easier.

• Technical Analysis – Their technical analysis helps you to understand market trends and to anticipate future price movements. It covers many popular instruments including forex, metals, shares, and indices. As such, it makes implementing strategies simpler.

• Market News – Their market news consists of a weekly market outlook. It summarises upcoming market opportunities across many markets. It also helps you find potential trades for forex, metals, and shares. As such, it makes analysing the markets much easier.

VPS Services

TD Markets also offers VPS services. To find out if you qualify for free VPS services, you can open an account and contact your assigned Account Manager.

• VPS Services – A VPS service helps you get a better, smoother online trading experience. This is because it enables you to trade with optimum technical conditions and consistent connectivity. You can use VPS services to run automated algorithmic strategies, including Expert Advisors, on a virtual machine. You can also use it to minimise the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns.

Education and Research

When it comes to education, TD Markets is committed to helping traders improve their knowledge and learn new trading strategies. It offers a selection of free educational materials including webinars, video tutorials, trading guides, and trading glossaries.

TD Markets Trading Hours

TD Markets operates during standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

TD Markets Customer Support

TD Markets offers multilingual customer support. Their team is available 24 hours a day, 5 days a week. You can contact them via live chat, email, phone, and social media.

Our Verdict

TD Markets is a regulated broker offering great trading services. The TD Markets forex broker aims to make trading easier than ever by offering a friendly and accessible service. They provide access to affordable trading accounts, with low minimum deposits and low trading costs. TD Markets aims to make trading more transparent, and so they have chosen a simple but competitive pricing model.

also has a great product offering. They have a good range of forex pairs, as well as other popular trading assets, such as stocks, indices, and cryptocurrencies. They also have great trading platforms and helpful trading resources, to ensure that their traders can navigate the markets successfully.

If you’re new to online forex trading and want to know where to start, or if you’re a seasoned trader looking for a better platform to work with, check out TD Markets today. Either way, you won’t be disappointed with their vast range of options.

TD Markets Forex Broker Review – FAQ

Ready to start trading? Register for an online trading account with TD Markets here.

TD Markets Forex Broker Review – Similar Brokers

TD Markets is a good choice for forex traders in Nigeria. However, if you want to see some alternatives, there are also many other great forex companies. Here are some brokers like TD Markets.

Still deciding? Take a look at some of our other forex broker reviews.