Circle Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 10:40

Abstract：Founded in 2016, Circle Markets is a forex and CFD broker registered in New Zealand, offering 35 currency pairs, 11 commodities, 12 stock indices or in bonds on the MetaTrader 4 trading platform. The minimum deposit provided is as low as $50.

　　Note: Circle Markets's official website - https://circlemarkets.com/ is currently inaccessible normally.

Circle MarketsReview Summary
Founded	2016
Registered Country/Region	New Zealand
Regulation	FSPR/VFSC (Revoked)
Market Instruments	35 currency pairs, 11 commodities, 12 stock indices or in bonds
Demo Account	/
Leverage	Up to 1:200
Spread	From 0.7 pips (Standard account)
Trading Platform	MT4
Min Deposit	$50
Customer Support	Tel: +64 9 889 1223
Customer Support	Email: info@circlemarkets.com

　　Founded in 2016, Circle Markets is a forex and CFD broker registered in New Zealand, offering 35 currency pairs, 11 commodities, 12 stock indices or in bonds on the MetaTrader 4 trading platform. The minimum deposit provided is as low as $50.

　　However, Circle Markets' licenses from both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked.

Pros and Cons

Pros	Cons
Various trading options	Inaccessible website
Multiple account types	Revoked regulation
Commission-free for the Standard account
MT4 supported
Low minimum deposit
Popular payment options

Is Circle Markets Legit?

　　No, Circle Markets' licenses from both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked. Please be aware of the risk!

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Financial Service Providers Register (FSPR)	Revoked	CIRCLE MARKETS LIMITED	Financial Service Corporate	460986
	Vanuatu Financial Services Commission (VFSC)	Revoked	CIRCLES MARKETS VU LIMITED	Retail Forex License	Unreleased

What Can I Trade on Circle Markets?

　　Circle Markets offers 35 currency pairs, 11 commodities, and 12 stock indices or in bonds.

Tradable Instruments	Supported
Currency pairs	✔
Commodities	✔
Stocks	✔
Indices	✔
Bonds	✔
Cryptocurrencies	❌
Options	❌
ETFs	❌

Account Type

　　Circle Markets offers three account levels that traders can upgrade to, including Standard, Pro Trade and Institutional. All account types offer micro-tradeable lots.

Account Type	Min Deposit
Standard	$50
Pro Trade	$1,000
Institutional	$10,000

　　Moreover, Circle Markets provides PAMM accounts via Its Percentage allocation management module.

Leverage

　　Circle Markets provides maximum leverage up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Account Type	Max Leverage
Standard	1:100
Pro Trade	1:200
Institutional	1:100

Spread and Commisssion

　　Circle Markets claims that it offers variable spreads for all three account types. Only the Standard one is commission-free, however, CFD trading on this account is not available.

Account Type	Spread	Commission
Standard	From 0.7 pips	❌
Pro Trade	From 0.2 pips	$2 per standard lot
Institutional	From 0.1 pips	$1.75 per standard lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, web and mobile (iOS and Android)	Beginners
MT5	❌	/	Experienced traders