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TD Markets Broker Review For Nigeria In 2023

TD Markets at a glance

🏛️ Based inLimassol, Cyprus
⚖️ RegulationFSCA
💰 Minimum Deposit$50 (20000 Naira)
💳 Deposit OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
💳 Withdrawal OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
📌Open an accountStart Trading with TD Markets
TD Markets QuickInfo

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 2 account types – Gold and Pro – both 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 multilingual trading support. 

Regulation

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

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

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 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 Instruments

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

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

Account Types

TD Markets has two different account types. These are the TDM Gold and the TDM Pro. 


Spreads

Assets

Min. Deposit

Max. Leverage

Commission

Gold

From 1.8 pips

100+

$50

1:500

From $0 per lot

Pro

From 0.1 pips

100+

$1000

1:500

From $8.00 per lot

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.

Pro Account

This is a great choice for new 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.

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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. 

Fund Safety

TD Markets is a trustworthy broker and abides by all the relevant client fund protection regulations. It also offers negative balance protection.

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 and managing trades much 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 analyzing the markets and planning your weekly trades much easier.

Education

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.

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Extra 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 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 minimize the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns.

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.

Conclusion

TD Markets is a regulated broker offering great trading services. It offers good trading conditions, good account options, and a wide range of trading instruments. It also offers great educational resources and excellent customer service. 

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

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