TD Markets
TD Markets is a Johannesburg-based forex and CFD broker offering multi-asset trading via MetaTrader 4 and 5 to retail, institutional, and professional clients across 100+ countries, with a primary focus on Africa under FSCA and CASP regulation.
- Company typePrivate
- Founded2015
- HeadquartersJohannesburg, South Africa
- Headcount11–50
- GTM typeB2C
- OfferingServices
What TD Markets does
TD Markets is a Johannesburg-headquartered online broker offering multi-asset trading across forex, cryptocurrencies, shares, precious metals, energies, indices, and ETFs via the licensed MetaTrader 4 and MetaTrader 5 platforms under an STP/ECN execution model. The technology stack is built entirely on MetaQuotes' MT4/MT5 infrastructure, with proprietary differentiation confined to spread/commission configuration across account tiers, depth-of-market tooling, Expert Advisor support, and an in-house social/copy-trading module. The operating structure is split between TD Markets (Pty) Ltd, an FSCA-regulated South African entity holding FSP49128 and CASP authorization, and TDM Holdings LLC, an SVG-incorporated counterparty and MetaTrader licensee; the South African entity provides marketing, technical support, and client intermediation while the SVG entity is the principal counterparty for trades.
The broker serves retail, institutional, and professional clients across 100+ countries with a primary focus on Africa (South Africa, Kenya, Ghana, Botswana, Nigeria), supported by localized payment rails (M-Pesa, ZotaPay, PayFast) and dedicated regional support. Revenue is generated transactionally through spreads, per-lot commissions ($8/standard lot on TDM Pro), overnight swap fees, and partner/IB rebate structures; the seven retail account types (TDM Pro, Gold, Mini, Crypto, Max, Islamic, Boost, Cent) span minimum deposits from $5 to $1,000 with leverage up to 1:2000 on TDM Max.
Customer acquisition is product-led and self-serve via direct website registration, supplemented by a multi-tiered introducing-broker/partner program, daily educational webinars, a standalone TD Markets Academy, and active conference participation (FMAS 25). Geographic restrictions exclude the US, Canada, Iran, Iraq, Syria, Libya, and cryptocurrency swapping in Nigeria (per CBN regulations). The firm has accumulated six named industry awards from 2023-2025, including consecutive 'Best ECN/STP Broker Africa' titles, which are the primary brand-trust signals marketed to prospective clients.
TD Markets firmographics
Firmographics- Name
- TD Markets
- Legal name
- TD Markets (Pty) Ltd
- Website
- https://tdmarkets.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TD Markets is a Johannesburg-based forex and CFD broker offering multi-asset trading via MetaTrader 4 and 5 to retail, institutional, and professional clients across 100+ countries, with a primary focus on Africa under FSCA and CASP regulation.
- Ownership category
- akta.pro rank
TD Markets industry classification
Industry- Product category
- Retail Forex & CFD Brokerage
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Retail FX/CFD Broker Trading Venues (FSAFADAD)
- akta.pro secondary industries
- Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG), FX Swaps & Forwards Trading Venues (FSAFADAG)
Keywords
Where TD Markets is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
TD Markets business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Marketing or Sales, Operations, Personnel, Infrastructure
Revenue model
- Spreads: Revenue generated from the difference between bid and ask prices (spreads) on trading instruments. TDM Pro offers spreads from 0.1 pips on major FX pairs with variable raw market spreads.
- Trading Commissions: Per-lot commissions charged on certain account types. TDM Pro charges $8 per standard lot, TDM Mini charges $1 per mini lot, TDM Crypto charges $8 per standard lot, TDM Cent charges $0.1 per cent lot.
- Overnight Swap Fees: Fees charged for holding positions overnight, applicable on swap-enabled account types
- Partner Revenue Sharing: Multi-tiered commission structures for partners who refer clients, with highest rebates and lowest spreads to benefit client trades
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | TDM Pro - $1,000 starting deposit, raw market spreads from 0.1 pips, $8/lot commission |
| Transaction based/ take rate | Pay-as-you-go | TDM Gold - $50 starting deposit, average spreads 1.8 pips, zero commission |
| Transaction based/ take rate | Pay-as-you-go | TDM Mini - $50 starting deposit, raw spreads, $1/mini lot commission |
| Transaction based/ take rate | Pay-as-you-go | TDM Islamic - $50 starting deposit, swap-free account |
| Transaction based/ take rate | Pay-as-you-go | TDM Crypto - BTC 0.03 starting deposit, $8/lot commission |
| Transaction based/ take rate | Pay-as-you-go | TDM Cent - $10 starting deposit, $0.1/cent lot commission |
| Transaction based/ take rate | Pay-as-you-go | TDM Max - $5 starting deposit, up to 1:2000 leverage |
| Transaction based/ take rate | Pay-as-you-go | TDM Boost - $50 starting deposit with enhanced conditions |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
TD Markets product offering
Product offeringCore offering
TD Markets is a multi-asset online forex and CFD broker that provides trading access to over 100 instruments across forex, cryptocurrencies, shares, precious metals, energies, indices, and ETFs via the MetaTrader 4 and MetaTrader 5 platforms. The broker serves retail, institutional, and professional clients with multiple account types (TDM Pro, Gold, Mini, Crypto, Max, Islamic, Boost), raw spreads from 0.1 pips, leverage up to 1:2000, and complementary offerings including TD Markets Social Trading, TD Markets Academy, and an Economic Calendar.
Product overview
TD Markets is a multi-asset online trading broker offering access to forex, cryptocurrencies, energies, indices, metals, shares, and ETFs through MetaTrader 4 and MetaTrader 5 platforms. The company provides eight distinct account types (TDM Pro, TDM Gold, TDM Mini, TDM Crypto, TDM Max, TDM Islamic, TDM Boost) designed for different trader profiles and risk appetites. Additional offerings include TD Markets Social Trading for copy trading capabilities, an Economic Calendar for tracking market events, and TD Markets Academy for educational content. The broker operates as an STP/ECN brokerage model with access to over 100 trading instruments.
Differentiator
Problem solved
Functional benefit
Brands
- TD Markets Social Trading: Social trading platform allowing clients to copy trades from other successful traders.
- TD Markets Academy
- TD Bucks
Products and services
- MetaTrader 5 (MT5) Next-generation multi-asset trading platform licensed to TD Markets, offering 38 technical indicators, 44 analytical objects, 21 timeframes, Depth of Market (DOM), Expert Advisors (algorithmic trading), backtesting, and enhanced security. Available on desktop, web, and mobile.
- MetaTrader 4 (MT4) Licensed trading platform supporting forex, CFDs, and cryptocurrencies with custom indicators, expert advisors, and multi-device accessibility (Windows, iOS, Android, Linux, WebTrader).
- TD Markets Social Trading Proprietary social/copy trading platform enabling TD Markets clients to follow and copy the trading strategies of successful traders.
- TD Markets Academy Educational platform offering forex training, daily live webinars, technical analysis tutorials, and market education covering support/resistance, risk management, and trading strategies.
- Forex Trading Currency pair trading across major, minor, and exotic forex pairs with competitive spreads via STP/ECN execution.
- Cryptocurrencies CFD trading on cryptocurrencies including Bitcoin, Ethereum, and other major digital assets, supported by TD Markets' CASP license.
- Shares CFD trading on shares of major global companies including Google, Facebook, Tesla, and Amazon.
- Indices CFD trading on major global stock indices including GER 30, SPX500, US30, and NAS100.
- Metals Precious metals trading including gold, silver, and palladium as CFDs.
- Energies CFD trading on energy commodities including crude oil and natural gas.
- ETFs Exchange-traded fund CFDs offering diversified exposure to baskets of securities.
Quantifiable outcome
- Spreads from 0.1 pips on major FX pairs
- +3 more outcomes
Companies that use TD Markets
Customer profileSegments3 records
Ideal customer profiles3 records
TD Markets technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
TD Markets partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TDM Holdings LLCcoreTDM Holdings LLC (formerly TDM Holdings Inc.) is the counterparty for all client trades and a licensee of MetaTrader. TD Markets (Pty) Ltd provides marketing and intermediary services for products offered by TDM Holdings LLC, which operates within the jurisdiction of St. Vincent and the Grenadines.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
TD Markets competitors and assessment
Company assessmentDirect peers
- HFM (formerly HotForex): Multi-jurisdiction retail broker with strong Africa and EM presence, MT4/MT5 execution, tiered account types (Cent, Pro, Premium), and copy-trading — a direct competitor in TD Markets' core African retail market.
- Pepperstone: Australia-headquartered multi-asset retail broker offering forex, indices, commodities, and share CFDs on MT4/MT5 with tiered commission and ECN account architecture highly comparable to TD Markets.
- FXTM (ForexTime): Multi-jurisdiction retail FX/CFD broker with tiered Cent/Standard/Shares/ECN accounts on MT4/MT5, copy-trading (FXTM Invest), and explicit Africa/EM focus — comparable in account structure and emerging-market positioning.
- Exness: Global multi-asset retail FX and CFD broker offering forex, metals, energies, indices, and crypto CFDs on MT4/MT5; competes directly with TD Markets on multi-asset ECN/STP execution and emerging-market retail traders.
- IC Markets: ECN-focused multi-asset broker (forex, CFDs, crypto) on MT4/MT5/cTrader with raw spreads and tiered commission accounts, the same structural model as TDM Pro and the global benchmark for retail ECN execution.
- XM Group: Global retail FX/CFD broker with tiered Micro/Standard/Ultra Low accounts, MT4/MT5, bonus-driven client acquisition, and a strong emerging-market presence — closely comparable to TD Markets' positioning and target audience.
- AvaTrade: Multi-jurisdiction retail broker offering forex, CFDs, options, and crypto on MT4/MT5/its own WebTrader, with strong regulatory positioning (FSCA among others) — directly comparable on regulated multi-asset retail offering.
- Deriv (formerly Binary.com): Multi-asset online broker (forex, synthetics, crypto, stocks, indices) with proprietary platform plus MT5, focused on emerging-market retail and copy-trading — directly comparable on multi-asset + emerging-market retail.
Broad incumbents
- eToro: Multi-asset social trading platform with crypto, stocks, and CFDs. TD Markets Social Trading is a smaller-scale analogue, and eToro defines the broader social/copy-trading competitive context.
- Interactive Brokers: Large established multi-asset broker serving institutional and professional clients with global market access. Represents the regulated, institutional-grade end of the spectrum that TD Markets' 'Professional' and 'Institutional' segments target.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
TD Markets social profiles
Digital presenceTD Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
TD Markets leadership team
Management profileNumber of profiles
TD Markets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TD Markets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TD Markets
What does TD Markets do?
TD Markets is a multi-asset online forex and CFD broker that provides trading access to over 100 instruments across forex, cryptocurrencies, shares, precious metals, energies, indices, and ETFs via the MetaTrader 4 and MetaTrader 5 platforms. The broker serves retail, institutional, and professional clients with multiple account types (TDM Pro, Gold, Mini, Crypto, Max, Islamic, Boost), raw spreads from 0.1 pips, leverage up to 1:2000, and complementary offerings including TD Markets Social Trading, TD Markets Academy, and an Economic Calendar.
Is TD Markets a public or private company?
TD Markets is a private company. It is classified as corporate owned and is currently operating.
When was TD Markets founded?
TD Markets was founded in 2015. It employs 11 to 50 people.
Where is TD Markets based?
TD Markets is headquartered in Johannesburg, South Africa, in the Africa region.
How does TD Markets make money?
Four revenue lines are on record. Spreads are the primary driver. The others are trading Commissions, overnight Swap Fees and partner Revenue Sharing.
Who are TD Markets's main competitors?
Direct peers on record are HFM (formerly HotForex), Pepperstone, FXTM (ForexTime), Exness, IC Markets, XM Group, AvaTrade and Deriv (formerly Binary.com). Broad incumbents are eToro and Interactive Brokers.
Does TD Markets have an API?
No public API is recorded for TD Markets.
What industry is TD Markets in?
TD Markets's product category is Retail Forex & CFD Brokerage. Its primary akta.pro industry code is FSAFADAD, Retail FX/CFD Broker Trading Venues, with a secondary code of FSAPADAG, Brokerages & On/Off-Ramps (fiat rails, instant buy/sell). Its NAICS code is 5231 and its SIC code is 6200.