TD Markets Broker Review For Kenya 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 is a reliable, trustworthy forex broker based in South Africa. It has great account options, excellent trading conditions, and a large selection of trading instruments. It also has useful educational materials, free market analysis, and excellent customer support.

Why Choose TD Markets?

TD Markets is a great forex broker and has a lot to offer forex traders. Here are some of the benefits that you can expect when you choose to work with them:

• Low Spreads and Fees: They offer competitive spreads and fees. This makes it easier for you to minimise the costs associated with your trading activities and maximise any potential return on investment from your trades.
• Advanced Trading Platforms: With TD Markets, you get access to excellent online trading platforms including MetaTrader4 (MT4). This platform comes with powerful trading tools designed to support automated strategies, charting features, and more!
• Educational Resources: They offer educational resources such as webinars, tutorials videos & articles. Their material cover everything from beginner level topics all the way up through advanced techniques for professional investors!
• Customer Support: They provide excellent customer service. The customer support team is available 24/7, via email or phone. So if you have any questions, they’ll be there ready to help and ready assist you during market hours!

Regulation And Safety

TD Markets is a regulated broker. It has a licence from the FSCA in South Africa.

Regulation in Kenya

Traders in Kenya can open an account with TD Markets. The broker operates with good regulatory oversight. The FSCA is a reputable financial authority that imposes strict regulatory requirements. As such, TD Markets must ensure that it operates responsibly, and that it offers all its traders fair treatment, good service, and excellent client fund protection.

Client Fund Protection

TD Markets is a reliable and secure broker. They offer their clients the highest level of security when trading on the forex market. The company has implemented a number of measures to ensure that all transactions are safe and secure, including:

• Secure SSL Encryption Technology: All data sent between your computer or mobile device and TD Markets’ servers is encrypted using industry-standard 256-bit SSL encryption technology. This ensures that any sensitive information you provide remains confidential at all times.
• Account Authentication: To protect your account from unauthorized access, TD Markets requires multi-factor authentication for login attempts from new devices or locations. This means you will need to enter an additional code (sent via email) before being able to log in successfully.
• Segregated Funds Policy: All client funds are held in segregated accounts with top tier banks, ensuring they remain separate from their own operational funds. This ensures added protection against financial loss due to insolvency or bankruptcy proceedings against the company.

TD Markets: Legit Or Scam?

TD Markets is a legit broker. It provides traders with a wide range of trading instruments including currency pairs, indices, commodities, stocks and cryptocurrencies. It also offers competitive spreads on all major currency pairs as well as low commissions for trades executed through its platform. In addition to this, TD Markets also provides an array of educational resources such as webinars and tutorials which can help traders learn more about forex trading strategies and techniques.

TD Markets Trading

TD Markets offers a great selection of trading instruments. You can choose from forex pairs, cryptocurrencies, energies, metals, equities, indices, and ETFs.

Trading Instruments

• Forex: They provide access to 60+ currency pairs including major, minor, and exotic instruments.
• Crypto: They provide trading on 11 cryptos including Bitcoin, Ethereum, Ripple, and Litecoin.
• Energies: They also provide trading on natural gas, WTI crude oil, and Brent crude oil.
• Metals: They also provide access to 4 metals including gold, silver, platinum, and palladium.
• Equities: They offer access to 110+ instruments including US, UK and EU shares.
• Indices: They give you access to 12 CFD indices across US, UK, EU, and Asian markets.
• ETFs: They also give you access to 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. It also offers Islamic accounts and demo accounts.

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

Live Accounts

As part of our TD Markets review, we check what trading accounts they have to offer, and the trading conditions that come with them. In our opinion, the best trading account for forex traders in Kenya is their TDM Gold Account. This trading account gives you access to 100+ trading instruments. It also gives you access to great trading conditions. For example, it has an average spread of 1.8 pips and there are no additional commission costs. It also has good leverage, with a maximum of up to 1:500. The TD Markets minimum deposit for this account is $50 and the base currency is USD.

Islamic Swap-Free Accounts

TD Markets also offers Islamic Swap-Free trading accounts. All of the their standard live accounts are also available as swap-free versions. You can simply request a swap-free version when registering for your online trading account.

Demo Accounts

In addition to its great live accounts, TD Markets also offers free demo trading accounts. In our opinion, the TD Markets demo account is one of their best trading tools. This is because it enables you to learn more about the forex market and to practise trading with virtual money (rather than real money). The TD Markets demo account comes with great trading conditions, similar to those on the live accounts, and closely mimics a real trading environment.

Maximum Leverage

The maximum available leverage is 1:500.

Average Spreads

When trading with TD Markets, you will need to take into account the spread for each trade. The size of the spread depends on the type of instrument being traded, as well as your account type. In our opinion, TD Markets has fairly low spreads. For example, you can trade with spreads starting from 0.0 pips on the TDM Pro Account, although there will still be a small commission fee.

Commission Fees

When trading with TD Markets, you will sometimes be charged a commission for your trades. The amount of the commission depends on the type of instrument being traded, as well as your account type. For example, you can trade with $0 commissions on the TDM Gold Account and the TDM Mini Account. Or, you can trade with commissions from $8 per lot on the TDM Pro Account.

TD Markets Bonuses

TD Markets is not running any special offers or promotions at the moment. This means that new traders will not be able to access any forex bonuses. However, in the past there have been some good deals, including no deposit bonuses, welcomes bonuses, deposit bonuses, competitions, and other special marketing promotions. It is worth checking their website every few months for updates, as they do occasionally offer new bonuses.

TD Markets Registration – How To Open A Trading Account

As part of our TD Markets broker review, we checked the online registration process and how easy it is to open a trading account. If you live in Kenya, then you can trade with TD Markets. To get started, visit the company website, complete the online registration form, and select your login details. Next, they might ask you to take a quick online test. After that, you can move on to the account verification process, submit copies of the requested, documents, and fund your trading account.

TD Markets Registration – How To Verify A Trading Account

As part of our TD Markets broker review, we checked the account verification process too and how easy it is to get approval. You’ll need to show TD Markets a proof of ID and a proof of address. This is because they are a regulated broker and need to carry out certain checks. You can provide them with copies of your National ID card, Passport or Driving License . You can also provide them with copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can get ready to start trading forex.

Payment Methods

As part of our TD Markets review, we looked at what payment options are available. As the TD Markets minimum deposit is only $50, and as they offer plenty of deposit options, funding an account is fairly simple. As the payment methods are very reliable, and the withdrawals are quite fast, withdrawing money from an account is fairly hassle-free too. Here are the details.

TD Markets Deposits

You can add funds into your account very easily. Their deposit methods include debit card, credit card or bank transfer. If needed, their other funding methods also include Payfast Instant Deposit, EFT, Bitcoin, Ethereum, and Tether.

The deposit times are generally quite good, and your money should arrive in your trading account quite quickly, depending on which payment method you choose. The deposits fees are also very good.

TD Markets Withdrawals

You can withdraw money from your account very easily. The process is quite simple. The main withdrawal methods include debit card, credit card or bank transfer. If needed, there are also other withdrawal options, such as Payfast Instant Deposit, EFT, Bitcoin, Ethereum, and Tether.

The withdrawal times are generally quite good, and your money should arrive quite quickly, but it depends on which withdrawal method you choose. For example, withdrawal to e-wallets are usually done within one working day, and withdrawals via bank transfers are usually done within a few working days. The withdrawals fees are low, but you may incur additional charges from the payment provider.

TD Markets Trading Platforms

TD Markets offers its clients the opportunity to trade on MetaTrader 4 – one of the world’s best online trading platforms. The trading conditions you get on the platform vary slightly depending on which trading account you choose.

The MetaTrader4 platform has an an easy-to-use interface, that is easy to navigate, allowing you to quickly and easily place trades on the forex market. The platform works by giving you access to prices for different financial instruments, including 30+ currency pairs, in real time. You can then use this information to make informed decisions about when you should enter or exit a trade, as well as how much you should invest in each position. It also gives you access to advanced trading tools such as charting software, technical indicators, automated trading strategies and more – all of which help you make better decisions when it comes to your trades.

Trading Tools

TD Markets has lots of helpful trading tools. It offers chart indicators and EAs. It also has an economic calendar, free market analysis, and daily market news.

• Expert Advisors: This an automated system that monitors the financial markets for you and provides signals for new trading opportunities.
• Chart indicator: This is a statistical tool that help you to evaluate the direction of the price action of a trading instrument.
• Economic Calendars: This gives you important information about economic data releases from around the world. It also includes detailed explanations and forecasts of each data release.
• Technical Analysis: This helps you to understand market trends on the forex, metals, shares, and indices markets. As such, it makes implementing strategies simpler.
• Market News – This helps you stay on top of the markets and find potential trading opportunities for forex, metal, and stock instruments.
• VPS Services: TD Markets also has a VPS service. To find out if you are entitled to free VPS services, you need to open an account and get in touch with your assigned Account Manager.

Education and Research

TD Markets has excellent educational resources. It offers many free materials including webinars, video tutorials, trading guides, and trading glossaries.

TD Markets Trading Hours

TD Markets are open during standard trading hours. You can open forex trades whenever the forex market open. Trading hours may change slightly on public holidays.

TD Markets Customer Support

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

Conclusion

TD Markets is a reputable broker offering excellent trading services. It has good trading conditions, great account options, and a large selection of trading instruments. It also has good educational resources, helpful tools, and excellent customer service.

TD Markets Forex Broker Review FAQ

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

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