What Account Types and Fees Does TD Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Accessible trading environment with basic features |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
Enhanced features for advanced trading strategies |
May require trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom services and solutions for businesses |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Accommodates Islamic finance principles |
Available upon request |
| Demo Account |
All levels of traders |
Practice trading without financial risk |
Useful for testing strategies and platform features |
Account Opening Process
To open an account with TD, prospective clients must complete several steps. Initially, they will need to provide personal information, including their name, address, and contact details. Following this, employment details and financial information will be required to assess suitability for different account types. Identity verification is also a crucial step, where clients must submit valid identification and proof of address. After the initial account setup, there may be flexibility to upgrade to a professional account later as trading experience and volume increases.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
[Spread] |
[Commission] |
Tight spreads for major pairs |
| Forex (Minor Pairs) |
[Spread] |
[Commission] |
Variable spreads depending on liquidity |
| CFDs (Stocks) |
[Spread] |
[Commission] |
Fees may vary by asset |
| CFDs (Indices) |
[Spread] |
[Commission] |
Competitive pricing |
| CFDs (Commodities) |
[Spread] |
[Commission] |
Based on market conditions |
| Cryptocurrencies |
[Spread] |
[Commission] |
Varies with market volatility |
Other Fees
TD may charge various fees, including deposit and withdrawal fees, which can vary based on the method used. Additionally, there might be inactivity fees for accounts that remain dormant for an extended period. Traders should also be aware of potential platform usage fees, overnight interest (swap rates) for positions held overnight, and currency conversion fees that may apply when trading different currency pairs.
