What Account Types and Fees Does TD Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Pro Account |
Experienced traders |
Low fixed commissions, access to more than 100 instruments |
Requires a minimum deposit of $1,000 |
| Gold Account |
Retail traders |
Zero commission on trades, variable spreads |
Requires a minimum deposit of $50 |
| Mini Account |
New traders |
Low commission on trades, suitable for small capital |
Requires a minimum deposit of $50 |
| Islamic Account |
Traders requiring swap-free options |
Zero commission, variable spreads |
Requires a minimum deposit of $50 |
| Crypto Account |
Cryptocurrency traders |
Access to major cryptocurrencies, raw spreads |
Requires a minimum deposit of $50 |
| Cent Account |
Beginners and low-capital traders |
Low commission, raw spreads |
Requires a minimum deposit of $10 |
Account Opening Process
To open an account with TD Markets, prospective traders need to follow several straightforward steps. Initially, applicants are required to submit personal information, which typically includes their full name, contact details, and date of birth. Additionally, employment and financial information will be needed to assess the applicant’s trading experience and financial background. Identity verification is also a crucial step; users must provide valid identification documents such as a government-issued ID and proof of address to comply with regulatory requirements. Once the account is set up, there is flexibility for traders to upgrade to a professional account later, depending on their trading activity and experience level.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 0.1 |
$8 per lot (for Pro Account) |
Tight spreads for major pairs |
| Forex (Minor Pairs) |
From 1.8 |
$1 per mini lot (for Mini Account) |
Variable spreads apply |
| CFDs (Stocks, Indices, Commodities) |
Variable |
Varies by asset |
Accessible across multiple markets |
| Cryptocurrencies |
From 0.2 |
$8 per standard lot |
Raw spreads available |
Other Fees
In addition to trading fees, traders should also be aware of other potential costs associated with their trading activities. These include deposit and withdrawal fees, which vary depending on the chosen payment method. Inactivity fees may apply if an account remains dormant for an extended period. Traders may incur platform usage fees depending on the services utilized within the trading platforms. Additionally, overnight interest (swap rates) may apply for positions held overnight, and currency conversion fees could be relevant for transactions involving different currencies.
