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No Regulation
Score
1.55 /10
Danger
Circle Markets
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
New Zealand Financial Service Corporate Revoked
Suspicious Overrun
High potential risk
Influence
C
Add brokers
Comparison
Quantity 2
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.32
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
5
Previous Detection :
2025-01-04
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- New ZealandFSPR (license number: 460986) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
Exposure
2 pieces of exposure in total Pyramid scheme complaint
ExposeNote: 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 |
| 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Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked.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Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked.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 |
Deposit and Withdrawal
Circle Markets accepts various payment methods, including major bank wire, credit card, China Union Pay, MegaTransfer E-Wallet.
Accepted currencies: USD, EUR, GBP, NZD.
The minimum initial deposit required by Circle Markets is $50, which is a comparatively low amount to start trading with.
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