Ikhtisar:TD365 is an online forex broker registered in Bahamas with a history of no more than 2 years. However, it has no effective regulations for now.
Registered in | Bahamas |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 1-2 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks |
Minimum Initial Deposit | $0 |
Maximum Leverage | 1:200 |
Minimum spread | 0.6 pips for EURUSD |
Trading platform | MT4, cloudtrade |
Deposit and withdrawal method | Bank wire transfer, credit card |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | No for now |
General information and regulations of TD365
TD365 is an online forex broker registered in Bahamas with a history of no more than 2 years. However, it has no effective regulations for now.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....TD365 allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on TD365.
Spreads and commissions for trading with TD365
TD365 declares to offer tight fixed spreads: 0.4 pips for UK 100, 0.9 pips for DE 40 and 0.6 pips for EURUSD intra-day. The commissions are not mentioned.
Account Types for TD365
TD365 does not provide much account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.
In the FAQs section, we can see that the minimum initial deposit is zero.
Trading platforms offered by TD365
There are two trading terminal options including the CloudTrade platform and MetaTrader4(MT4), indeed, clients could trade Indices, Commodities, Stocks, and Forex on the CloudTrade platform, and the other account offers the limits of trading Indices, Commodities, and Forex.
Leverage offered by TD365
Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by TD365 is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.
Deposit and withdrawal methods and fees
TD365 is ambiguous about how deposits and withdrawals work. We can only see that in the FAQs section TD365 says the clients may deposit with bank transfer or credit card, but further information like extra fees and processing time is not revealed.
Educational resources
There is no education section on the TD365 website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with TD365.
Customer support of TD365
Below are the details about the customer service.
Language(s): English
Service Hours: 24/5
Email: support@td365.com
Phone Number: +44 203 180 5566
Address: TD365
1st floor, Bay View house
308 East Bay St,
Nassau
The Bahamas
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of TD365
Advantages:
MT4
Many instruments available
Demo account
Negative balance protection
Disadvantages:
No effective regulation
Few information available
Few deposit and withdrawal methods
No MT5
No copy trading
No educational resources
Frequent asked questions about TD365
Is this broker well regulated?
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
Does this broker offer negative balance protection?
Yes, TD365 offers negative balance protection, which means you will never lose more than the money you deposited.
How much leverage does this broker offer?
The maximum leverage of TD365 is 1:200. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.