Circle Markets is an online broker that was founded in 2016 in New Zealand. They offer access to trade a wide range of instruments across forex, commodities, cryptocurrency, stocks, indices, metals, and energies. The broker uses a no dealing desk model with an Electronic Communications Network (ECN) for fast trade execution speeds, minimal slippage, and competitive spreads.
Circle Markets Review Introduction
In this Circle Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Circle Markets.
Circle Markets Platforms & Tools
Circle Markets offers a selection of trading platforms suited to different traders’ needs. They include:
This is a powerful, fully customizable, and user-friendly trading platform that was developed by MetaQuotes. It has a wide range of features, such as multiple order types, instant trade execution, multiple chart types, and technical indicators. The MT4 has a good selection of useful trading tools, including analytical tools, trading signals & copy trading, MetaTrader markets, algorithmic trading, and financial news. It is available as a desktop application for Windows and Mac computers, WebTrader, and mobile trading app for Android and iOS devices.
This is a leading multi-asset trading platform. It has advanced trading capabilities and charting tools to improve the overall trading experience. It has the cTrader copy, which allows traders to share their trading strategies for a commission or fee. Other built-in tools and features include cTrader Automate, cTrader Open API, cTrader FIX API, and more. The cTrader platform is available on desktop (Windows and Mac), web, and mobile (iPhone/iPad/Android/Tablet).
The Circle Markets FIX API is built for those who need fast trade executions. It is mostly used by news traders, scalpers, and high-frequency traders. The FIX API can be connected to the MT4 so that an automated system running on the MT4 can trade on the FIX API price feed with direct market access.
The broker has a few useful trading tools to assist traders. These include Compounding Calculator, Currency Converter, Economic Calendar, and VPS.
Circle Markets Research & Education
Circle Markets provides clients with the CFD guide and other trading guides, including tutorials that cover a range of topics from technical analysis, general trading education, cryptocurrency, and more. There is also a FAQ section that gives answers to commonly asked questions.
Circle Markets Trading Accounts
Circle Markets offers a range of flexible trading accounts. The accounts are platform-specific, and they include:
- cTrader Accounts: This is available on the cTrader platform. It has two account types namely: cTrader Raw ECN, which has a minimum deposit of $100, and the cTrader Pro with a minimum required deposit of $1000. Spreads start from 0 pips, and there is flexible leverage of up to 1:500. Commission fees are charged.
- MetaTrader 4 Accounts: It is of three types: Standard, Swap-free, and Raw ECN Pro accounts. The minimum required deposit is just $50 for the Standard and Swap-free accounts and $2,000 for the Raw ECN Pro accounts. Spreads start from 0 pips, and they have flexible leverage of up to 1:500.
- FIX API Accounts: This includes the FIX API Starter ($100) and FIX API Pro ($1,000), they have commission fees of $3.5 and $2.5 respectively. The spreads start from 0 pips with leverage of up to 1:500.
- PAMM accounts for money managers and investors are also available.
Circle Markets Account Funding
The broker accepts a range of convenient methods for account funding and withdrawals. They include bank transfers, Bitcoin, Credit Cards, and online payment processors, such as PayPal, Neteller, and Skrill. The transaction processing time depends on the payment method used.
Circle Markets Customer Service
Circle Market Customer Support is available via online chat, telephone, and email.
Circle Markets Regulation
Circle Markets is the trading name for a related group of companies that offer trading services to clients across the globe. The brokers operating the trading name include Circle Markets (NZ), which is based in New Zealand and registered with the Financial Service Providers Register (FSPR), and Circle Markets VI Ltd (VU), which is based in the Republic of Vanuatu and registered with the Vanuatu Financial Services Commission (VFSC).
Circle Markets Review Summary
Circle Markets is an online broker that is focused on providing traders across the globe with industry-leading trading conditions. They offer very low spreads and fast order execution. They provide clients with a range of sophisticated trading platforms.
It is worth mentioning that some of the trading products and services in this Circle Markets review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Circle Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.