FSCA — South Africa
TD MARKETS (PTY) LTD
Regulated · No. 49128
TD MARKETS Review — Overview
Regulation
Tier-2 regulated
Licence
FSCA · No. 49128
Licence status
Regulated
Platforms
MT4, MT5
Instruments
Forex, commodities, indices, cryptocurrencies
Typical spread
From 1.8 pips (TDM MINI account)
Operating
Est. 2006
Main market
GE
Entity
TD MARKETS (PTY) LTD
Website
Unknown
TD MARKETS is a forex & CFD broker based in South Africa, established in 2006. On Trust Broker Hub it holds a Trust Score of 4.6 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
TD MARKETS's licence comes from an offshore jurisdiction (FSCA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
TD MARKETS provides access to Forex, commodities, indices, cryptocurrencies. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, TD MARKETS has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
TD MARKETS currently scores 4.6/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a FSCA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, commodities, indices, cryptocurrencies, shares, ETFs |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | From 1.8 pips (TDM MINI account) |
| Platforms | MT4, MT5 |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on TD MARKETS
Our analysis · editorial
4.6/10
A mixed risk profile
TD MARKETS is regulated under a mid-tier authority (FSCA). Based in South Africa, it has been operating for about 20 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 4.6/10 — a mixed profile.
Strengths
- Holds a recognised mid-tier licence (FSCA)
- Long 20-year operating track record
- No complaints on record with us
- Supports MT4 & MT5 trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
TD MARKETS — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag TD MARKETS here if that changes.
Full specifications
Regulated region
South Africa
Operating period
5-10 years
Main market
GE
Licensed entity
TD MARKETS (PTY) LTD
License status
Regulated
Instruments
Forex, commodities, indices, cryptocurrencies, shares, ETFs
Year founded
2006
Frequently asked
Is TD MARKETS a safe broker?
TD MARKETS scores 4.6 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the TD MARKETS trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from TD MARKETS?
TD MARKETS doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.