TDMarkets Review
Reason to avoid: Offshore license
Listed Date: July 14, 2018
Top 3 Forex Brokers
Beware TDMarkets is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
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Is TDMarkets Scam or Legit Broker?
No, TD Markets is a Non-Regulated Broker. It is NOT SAFE to trade. Based on our findings the company is not authorized and registered with the provided address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.
About Broker TDMarkets
| 🗺️ Registered in | the Financial Services Authority of St Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is TDMarkets safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is TD Markets?
TDMarkets is an FX and CFDs company of TDM Holdings Inc. which is registered by the Financial Services Authority of St Vincent and the Grenadines, under the number 23129 IBC.
The company doesn't provide its address or contact phone number, only the email. It is dangerous to invest with offshore-based companies as they don't provide any funds protection.
Overall TD Markets Ranking
Based on our finds on the safety and regulations issues of TD Markets, we do not rank positively TD Markets. With an Expert Opinion with over 10 Years of experience in Forex Trading we have come up with the following ranking:
- TD Markets Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
| Ranking | TD Markets | Plus 500 | eToro |
|---|---|---|---|
| Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Is Broker safe? | No | Yes | Yes |
| Advantages | None | Trading Instruments | Trading Environment |
TD Markets Alternative Brokers
As we found many issues regarding the safety and reliability of TD Markets, here we offer much better Alternatives to TD Markets with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:
- XM– Good for Beginner Traders
- FP Markets – Good for CopyTrading
- XTB – Good for CFDs trading
Deposit & Withdrawal
The minimum deposit for opening an account with TD Markets is $50 USD. The broker supports various instant deposits and withdrawal methods, including Bank Transfer, Credit/Debit Cards, bitcoin, PayFast, etc.
- Client withdrawals are processed in 24 hours to ensure that clients have the assurance of access to their funds.
TD Markets Review Conclusion
Based on our research TD Markets is not a safe broker to invest in. An important point is that TD Markets was not active for an extended period, and then it revised its operation after the break. This fact also gives ground for more concerns and doubts. We recommend avoiding offshore brokers and investing with companies, licensed in the UK or Australia (Find best forex brokers in Australia), such as BlackBull Markets, where regulation is strict and there are certain client protection rules.
- Overall ranking and experience for TD Markets is Negative
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