Abstract：Is your winning trade converted into a loss upon closing it at TD Markets due to heavy price manipulation? Is withdrawing funds too much of a hassle at this South Africa-based forex broker? Does even the customer support fail to respond to your withdrawal requests? Have you been defrauded on the promise of zero commission upon withdrawal? Have you failed to close the trade due to the systemic issue at TD Markets? You are not alone! Many traders have commented while sharing the negative TD Markets review. We have shared some of them in this article. Take a look!
Is your winning trade converted into a loss upon closing it at TD Markets due to heavy price manipulation? Is withdrawing funds too much of a hassle at this South Africa-based forex broker? Does even the customer support fail to respond to your withdrawal requests? Have you been defrauded on the promise of zero commission upon withdrawal? Have you failed to close the trade due to the systemic issue at TD Markets? You are not alone! Many traders have commented while sharing the negative TD Markets review. We have shared some of them in this article. Take a look!
Top Complaints Against TD Markets
Winning Trades Converted Into Losses
The technical charts offered by TD Markets and the ones shown on third-party but credible platforms vary. As a result, traders suffer. In one case, the trader admitted that the price difference made it look ultra profitable for traders. However, practically speaking, that was unreal. Factoring in some risks, trades were profitable even then. However, as the trades closed, it led to losses for the trader. The screenshot below contains an elaborate complaint on how the trader suffered because of the price difference or manipulation, whatever you would like to call it.
The Painful Withdrawal Complaints
Traders increasingly report withdrawal denials by TD Markets, with some pointing out that it is long and problematic. In one case, a trader commented on having initiated a copy trade, which resulted in a loss of $450 from his deposit of $500. The trader was denied on the ground that withdrawal below $60 cannot be allowed for those outside of South Africa. He traded on his own, and it resulted in profit. However, the broker kept denying withdrawals despite the trader complying with the requirements. Here are multiple screenshots, including the painful recount briefed above.
The False 0% Commission Promise
Commission is a charge levied by the broker for helping traders execute trades. However, the broker falsely told the trader 0% commission; however, there was nothing of that, as per the latter‘s admission. Even the withdrawal process turned out to be long for the trader. Let’s check out the screenshot below, explaining the problem encountered by the trader.
Failure to Close or Modify Trades
Failure to close or modify trades due to a systemic issue can result in losses. A trader recounted such an incident and admitted that the problem could not have been resolved despite repeated requests. Upon TD Markets login, it showed OFF Quotes. The trader recorded and shared with the support team. However, nothing happened. For more details, check the screenshot below.
TD Markets Review by WikiFX - Score & Regulation Status
TD Markets WikiFX reviews have been sharp from traders, as indicated above. Looking at the traders complaints, the WikiFX team investigated the broker and found it to be not so desirable for traders despite being regulated in South Africa. It also found its FSCA license to have exceeded. It thus led to a score of just 4.53 out of 10 for TD Markets.
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