CircleMarkets is a New Zealand-based and Vanuatu-regulated forex and CFD broker that was established in 2016. The broker offers a wide range of trading instruments, including forex, cryptocurrencies, indices, and commodities. CircleMarkets also offers a variety of trading accounts and platforms, as well as educational resources and customer support.
Company Overview
CircleMarkets is owned and operated by Circle Markets Group Limited, which is registered in New Zealand. The broker is regulated by the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) in Vanuatu.
Does CircleMarkets Have Any License?
Yes, CircleMarkets is licensed by the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) in Vanuatu. However, it is important to note that these regulators are not as well-respected as some other regulators, such as the Financial Conduct Authority (FCA) in the United Kingdom or the Australian Securities and Investments Commission (ASIC) in Australia.
Is CircleMarkets Regulated By Any Authority?
Yes, CircleMarkets is regulated by the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) in Vanuatu. However, it is important to note that these regulators are not as well-respected as some other regulators, such as the Financial Conduct Authority (FCA) in the United Kingdom or the Australian Securities and Investments Commission (ASIC) in Australia.
Pros and Cons
| Pros | Cons |
| Wide range of trading instruments | Offshore regulation |
| Variety of trading accounts and platforms | High leverage |
| Negative reviews from traders |
How Does CircleMarkets Reach To Their Prey?
CircleMarkets uses a variety of methods to reach potential clients, including online advertising, social media marketing, and cold calling. The broker also offers attractive bonuses and promotions, which can be tempting to new traders.
Technical Details
Minimum Deposit:
The minimum deposit required to open a live account with CircleMarkets is $50 (Source: Circle Markets Review – Is circlemarkets.com a good forex broker or a scam? (forexbrokerz.com)).
Trading Platform:
CircleMarkets offers its clients a variety of trading platforms, including the MetaTrader 4 (MT4) platform and the WebTrader platform.
Spread:
Circle Markets provides variable spreads beginning at 0.2 pips on EUR/USD on the ProTrade account type, with a charge of $2 per standard lot per side. This essentially indicates that this pair’s average trading fees would be about 0.8 pip, which is a very appealing pricing.
Leverages:
CircleMarkets offers high leverage of up to 1:200. However, it is important to note that high leverage can amplify both profits and losses.
Packages and Products They Offer
CircleMarkets offers a variety of trading accounts and packages to suit different trading styles and needs. The broker also offers a variety of trading products, including forex, cryptocurrencies, indices, and commodities.
| Account Type | Minimum Deposit | Minimum trade size | Maximum leverage | Spread | Platform | |
| Standard | $50 | 0.01 (micro lot) | 1:100 | From 0.7 pips | MT4 | |
| Pro Trade | $1000 | 0.01 (micro lot) | 1:200 | From 0.2 pips + commission $2 per standard lot | MT4 | |
| Institutional | $10 000 | 0.01 (micro lot) | 1:100 | From 0.1 pips + commission $1.75 per standard lot | MT4 |
Withdrawal and Deposit Method
CircleMarkets offers a variety of withdrawal and deposit methods, including credit/debit cards, wire transfers, and e-wallets.
What Do Their Previous Traders Say?
CircleMarkets has received mixed reviews from traders. Some traders have praised the broker’s wide range of trading instruments, competitive spreads, and customer support. However, other traders have complained about the broker’s high leverage, offshore regulation, and difficulty withdrawing funds.
Summing Up- Why Should Not You Trust CircleMarkets
There are a number of reasons why you should not trust CircleMarkets. First, the broker is regulated by offshore regulators, which are not as well-respected as some other regulators. Second, the broker offers high leverage, which can be risky for new traders. Third, CircleMarkets has received mixed reviews from traders, with some traders complaining about the broker’s high leverage, offshore regulation, and difficulty withdrawing funds.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money trading with CircleMarkets, you may be able to recover your funds through a chargeback or a refund. You can also contact a financial recovery service to help you recover your lost funds.
We are here to help you. You can contact us through our website form and you will get a free consultation and service recommendations to help you in recovering the lost funds.
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Final Thoughts
CircleMarkets is a high-risk forex and CFD broker. The broker is regulated by offshore regulators, offers high leverage, and has received mixed reviews from traders. If you are considering trading with CircleMarkets, we recommend that you do your research and choose a more reputable broker.
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